Month: March 2023

Bitcoin bears could face $440M loss in Friday’s options expiry

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The rejection that followed Bitcoin’s (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5% since March 10, when the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB). The recent price increase could be attributed to various factors, including the extraordinary $25 billion funding by the Federal Reserve and the United States Treasury on March 12, which reduced banks’ systemic risks. Nonetheless, Bitcoin bulls are…

Orca DEX to block US users from trading with its interface

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The Solana-based decentralized exchange (DEX) Orca will block all United States users from trading using its web interface beginning March 31, according to a March 16 notice posted to its official website.  The exchange did over $634 million worth of trading volume in February and has over $46 million total value locked in Solana smart contracts, according to DefiLlama. On March 16, the protocol’s website added a notification that read, “Orca will be adding the United States to the regions and countries which are restricted from trading on orca.so effective…

Binance Announces Space ID Token Sale on Its Launchpad

Binance has announced Space ID (ID) as the 30th project it will host on its launchpad.  Space ID is the native token of the SPACE ID ecosystem, a Web3 identity protocol with a universal name service network. SPACE ID is developing a universal name service network that allows the discovery, registration, trading, and management of Web3 domains. Also, the project includes a Web3 Name SDK & API that allows developers to build and integrate all their Web3 identities into one toolkit.  How the Space ID Token Sale Will Progress Per…

Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for April 12 – Technology Bitcoin News

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During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following the ruleset change. Ethereum Validator Withdrawal Operations and Fee Optimization Enhancements Set to Go Live in 27 Days At the time of writing, the Beacon chain contract holds 17,680,535 ether, worth $29.33 billion using today’s…

LinksDAO Inches Closer to Closing Scottish Golf Club Deal

LinksDAO declined to disclose the value of its offer, noting that the deal has not yet been fully closed. Spey Bay’s seller listed the property at $905,000, according to the property’s listing. Golf Digest has reported that the deal is expected to close higher, however, without naming a specific figure. Source

Ethereum core developers set April 12 for Shanghai hard fork

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A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. Initially estimated for late March, the Shanghai mainnet upgrade features five Ethereum Improvement Proposals (EIPs), including EIP-4985, which will enable staked Ether (ETH) withdrawals on the Beacon Chain, completing Ethereum’s transition from proof-of-work (PoW) to a proof-of-stake (PoS) consensus. The target date April 12 at 10:27:35 PM UTC, epoch 620,9536, will now be confirmed by…