Ethereum’s Shapella hard fork executed on mainnet

The Shapella hard fork has officially been executed on the Ethereum Mainnet— meaning that Ethereum validators can finally withdraw their staked Ether (ETH) from the Beacon Chain. The long-awaited upgrade took effect at 10:27 PM UTC on April 12. Through Ethereum Investment Proposal EIP-4895, staked ETH was pushed from the Beacon Chain to the Ethereum Virtual Machine (EVM) otherwise known as the execution layer, making withdrawals possible. It is the most significant upgrade since The Merge on Sept. 15 and it moves Ethereum one step closer towards a fully functional…

Paxos set to withdraw from Canada amid regulatory uncertainty

Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian Market.  The company released a statement on its website informing customers that they will no longer be able to transact from their Paxos accounts starting from June 2nd, except for withdrawing their funds. The move comes as Paxos continues to assess “its readiness to re-enter the Canadian market in cooperation with the Ontario Securities Commission (OSC) at a future date.” The announcement also stated that customers’ funds would…

Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure – Bitcoin News

According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the Securities and Exchange Commission (SEC) five days earlier. Binance US Reveals Spell and Tron Deslisting Binance US announced that it plans to delist the cryptocurrency assets tron (TRX) and spell (SPELL) on April 18, 2023. The company stated that it…

Bill limiting incentives for crypto miners passes Texas Senate, moves to House

Texas lawmakers in the state’s Senate have approved a bill aimed at largely removing incentives for crypto miners operating under the seemingly friendly regulatory environment. In a 30-1 vote on the floor of the Texas State Senate on April 12, lawmakers in the 88th legislative session passed Senate Bill 1751, legislation that would amend sections of the state’s utilities and tax code to add restrictions for crypto mining firms. The Senate session marked the first time the bill had moved forward in the state government after more than a week,…

Reddit Keeps Upvoting NFTs, Drops Third-Generation Collection

“Having collectible Avatars on the blockchain gives you, the purchaser, ownership over your Avatar, no matter where you want to take it, on or off Reddit,” said Reddit. “It also provides artists a way to have their work live beyond the virtual walls of Reddit, and collect royalties on future sales.” Source CollectionDropsNFTsRedditThirdGenerationUpvoting CryptoX Portal