Day: September 15, 2023

Ethereum Core Devs Greenlight EIP-7514: Impact On ETH Price

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Ethereum Core Developers have officially approved EIP-7514 for inclusion in the upcoming Dencun upgrade which is slated for late 2023. This Ethereum Improvement Proposal (EIP) primarily aims to decelerate the growth rate of ETH staking, thereby providing the Ethereum community additional time to craft an improved validator reward scheme. The main modification brought by this EIP is setting the Max Epoch Churn Limit, the validator activation queue upper limit, to a constant value of 8. Previously, the churn limit was calculated by taking “The total number of validators/65536,” which at…

Miner returns over $500K in BTC transaction fee overpayment to Paxos

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A Bitcoin (BTC) miner who received 19.8 BTC in fees from blockchain infrastructure firm Paxos has returned the funds after it claimed the company made a mistake in paying over $500,000 in transfer fees. F2Pool have sent the 19.82108632 BTC fee overpayment back to Paxos https://t.co/IB32RNq5uO — mempool (@mempool) September 15, 2023 On Sept. 10, the crypto community was puzzled after seeing a BTC transaction that paid around $500,000 in fees to move around $2,000, with the average network fee around $2. Various speculations were raised, with some believing that…

Celsius, Core Scientific (CORZ) Resolve Acrimonious Crypto Mining Dispute With $45M Deal

The settlement “resolves the protracted and expensive litigation with Core, and cuts off the significant costs that would have been incurred if the parties were to fully litigate their claims,” a filing by Celsius’ lawyers said, describing the deal – under which Celsius also acquires Cedarvale, an 85-acre Texas mining site – as a “fair, equitable, and a carefully negotiated resolution.” Source

Hong Kong politician responds to Vitalik’s comments about crypto-friendliness

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Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to comments made by Ethereum co-founder Vitalik Buterin about Hong Kong’s future “friendliness” toward cryptocurrencies.  Ng said he “sincerely invites” Buterin to visit Hong Kong to better understand the region. Additionally, he said he would “coordinate with relevant institutions and enterprises to share the situation in Hong Kong.” 昨天就以太坊創始人Vitalik Buterin分享關於在香港發展虛擬資產項目 (Cryptocurrencies Project) 的看法，我尊重他的發言權利，但同時認為他不了解和不:認識香港的情況。我有以下邀請和看法: 1. 我現誠意邀請Vitalik先生來香港了解情況。我願意協調相關的機構和企業向其分享香港的情況。 2.… pic.twitter.com/pnXipv7YE0 — Johnny Ng 吴杰庄 (@Johnny_nkc) September 15, 2023 At the Web3 Transition Summit…

Arbitrum, Polkadot, and Domini.art on focus

In the dynamic crypto scene, several projects, including Arbitrum, Polkadot, and Domini.art (DOMI), can be explored. Each has unique strengths and potential for innovation and growth.  This article examines these projects and opportunities they can present. Arbitrum: unlocking potential of layer-2 scaling Arbitrum, the layer-2 scaling solution for Ethereum, can shape decentralized applications (dapps) and smart contracts. As Ethereum grapples with scalability challenges, Arbitrum offers a lifeline by providing faster transaction processing and significantly lower gas fees. Often considered one of the best cryptocurrency layer-2 solutions, Arbitrum uses Optimistic Rollup…

Salesforce to Hire 3300 Workers After Initial Employee Layoffs

According to CEO, the company needs to employ “thousands” of people to maintain its growth potential and margins. Cloud-based software firm, Salesforce, is planning to boost its employee numbers by hiring 3,300 specialists. Chief Executive Marc Benioff revealed this while speaking to Bloomberg at the company’s annual Dreamforce conference. The announcement follows the company’s decision to lay off 10% of its employees in January. Amid an effort to increase profits, Salesforce cut about 8,000 jobs. Another 50 sales and customer success employee lost their jobs in August. At the time,…

Germany’s blockchain funding increases 3% amid market downturn: Report

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Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC).  Within CVVC’s report titled “The German Blockchain Report 2023,” the country’s blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC. State of German venture capital funding in 2023. Source: CVVC Apart…

BTC price shows ‘textbook’ Wyckoff moves as Bitcoin bulls defend $25K

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Bitcoin (BTC) consolidated higher on Sept. 15 as analysis described recent BTC price behavior as “textbook.” BTC/USD 1-hour chart. Source: TradingView Analyst on Bitcoin: “September is not rektember” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency focusing on $26,600 — below a key breakout level. Bitcoin had shrugged off the latest United States macroeconomic data reports the day prior, joining traditional markets in heading higher despite hints that inflation was more stubborn than expected. Amid a renewed bullish mood, Michaël van de Poppe, founder and CEO of…

Bybit Pledges Commitment to Stay in UK amid Changing FCA Rules

Bybit’s approach is grounded in cooperation and compliance, seeking to create a harmonious relationship with UK regulators and authorities. Bybit, a prominent crypto exchange remains steadfast in its commitment to stay in the United Kingdom with CEO Ben Zhou reiterating that “leaving the UK is not part of our current strategy”. The New Regulatory Landscape in the UK Crypto has been the subject of intense scrutiny by regulatory authorities around the world. The UK is no exception, and its Financial Conduct Authority (FCA) has been actively working to establish a…

Meta’s Horizon Worlds Expands to Mobile and Web in Early Access

Meta emphasized that early access will gradually expand as it collects feedback and refines the user experience. Meta, the parent company of Facebook, is taking a significant step in its metaverse journey by expanding its 3D social platform, Horizon Worlds, beyond virtual reality (VR) headsets. The online gaming platform, which was initially accessible to the United States and Canadian residents before rolling out to other parts of the world, will be available to more users outside the metaverse for the first time since its launch in 2021. Expanding the Metaverse…