The Australian financial services company – Finder – conducted two surveys among its high-profile specialists to determine their expectations of bitcoin’s future price. The experts predicted that the leading digital asset will trade at approximately $21,300 by the end of the year. They are quite bullish on the long-term valuation, expecting it to surge to...Read More
Fidelity Digital Assets – the cryptocurrency subsidiary of the finance giant Fidelity Investments – will allow its institutional clients to trade Ether (ETH). The service will be available on the company’s crypto platform from October 28, 2022. Fidelity Expands its Crypto Scope Earlier this month, the company doubled down on its cryptocurrency efforts by introducing...Read More
In an announcement on a RippleX Developers portal on Oct. 17, engineer Mayukha Vadari said that the Ethereum Virtual Machine (EVM) sidechain for XRPL was now live on devnet. The system to bring more Ethereum compatibility to Ripple was initially introduced in September 2021, but it has now finally been launched for wider testing and...Read More
Legendary billionaire hedge fund manager Paul Tudor Jones revealed that he still holds a small portion of bitcoin while stating that the U.S. economy might be going into recession or already is in one. Tudor Jones also said the value of assets such as ETH and BTC could increase amid inflation and excessive fiscal spending....Read More
Nearly half of Ethereum’s block space has been consumed by a new project called XEN Crypto which is causing the network issuance to fall and gas prices to rise. “Users have paid almost $1.8 million in gas fees to interact with the token contract, which has a market cap of $500k,” reported DeFi analyst ‘@0xfoobar’....Read More
Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s...Read More
Long before the Ethereum network’s transition to Proof-of-Stake (PoS), censorship concerns have been a bone of contention. To mitigate these risks, Vitalik Buterin has proposed “partial block auctions.” In the latest blog post, the Ethereum co-founder suggested that builders should have a more limited amount of power to prevent ETH censorship post Merge. Instead of...Read More
On Tuesday night, an Ethereum MEV bot gained 800 ETH through the use of clever arbitrage, only to lose all of it and more to a hacker an hour later. Here’s how the situation played out on-chain: The event began with a third-party trader mistakenly losing nearly $2 million to spreads on Uniswap v2 trade....Read More
Controversial crypto entrepreneur Jason Falovitch on Sunday reported that hackers breached his crypto wallet on OpenSea and stole four NFTs and six ETH. The value of the stolen assets is estimated to be in the range of $150,000, media reports said. In a similar incident, earlier this month, famous American actor and comedian Bill Muray became a...Read More
The co-founder of Ethereum suggested that two other PoW blockchain protocols could transition to PoS in the near future. He also spoke about the Merge during the 2022 Mainnet blockchain event and gave a brief update about the next step in Ethereum’s development – the Surge. Ethereum made history on September 15, when it became...Read More
The authorities of Colorado announced that state residents can now pay their taxes in cryptocurrencies instead of fiat. Among the supported digital assets are the two biggest by market capitalization – Bitcoin (BTC) and Ether (ETH). Still, Colorado’s Revenue Department is not allowed to accept direct crypto payments, which is why it partnered with PayPal,...Read More
Following the recent long-awaited update to the Ethereum network – which saw the network move from proof-of-work to proof-of-stake – SEC Chairman Gary Gensler spoke out about the change, hinting that it might be enough to push Ethereum out of its current legislative bracket and into that of securities. Post-Update ETH May Pass the Howey...Read More
Ethereum finally transitioned its underlying consensus model to proof-of-stake (PoS) on September 15th at block 15537393. The historical event, however, failed to shed off the appeal of the new proof-of-work (PoW) version of Ethereum. ETHPoW (ETHW), a hard fork of Ethereum supported by a group of PoW proponents, has unveiled a list of all the...Read More
With the long-awaited Ethereum Merge expected to go live in less than 24 hours, Joseph Lubin, CEO of the blockchain software technology company ConsenSys, has shared his thoughts on it, noting that the transition is the third-most significant event in the crypto industry. According to Lubin in a recent interview with Bloomberg TV, the first...Read More
On September 13, the U.S. Treasury Department published a guide with a series of steps for U.S. citizens to follow in order to withdraw their funds from Tornado Cash. Tornado Cash was a mixing service shut down on August 8 by the U.S. Treasury Department. This happened after investigations showed that the platform was used...Read More
Ethereum’s pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender – Hodlnaut. The Singapore-based company was one of several firms in the crypto industry that succumbed to the pressures of the downturn after the collapse of Terra ecosystem tokens. According to a new report, Hodlnaut has warned...Read More
Sam Padilla – a Web3 Customer Engineer at Google – said the world’s largest search engine launched a countdown clock that shows when exactly Ethereum’s Merge will be complete. The second-biggest cryptocurrency protocol is on its way to shifting from Proof-of-Work (PoW) to Proof-of-Stake (PoS), something unseen in the industry so far. The move is...Read More
The cryptocurrency ranking and evaluation platform – CoinGecko – examined global Google trends to determine which nation is the most excited about Ethereum’s upcoming transition from Proof-of-Work consensus mechanism to Proof-of-Stake. Per the results, Singapore ranks first, while Switzerland and Canada share the second position. Third is the largest economy in the European Union –...Read More
Ethereum, the world’s second-largest cryptocurrency, is all set to discard its energy-intensive proof-of-work consensus mechanism sometime next week. While ETH’s price could potentially decouple from other cryptocurrencies post Merge, staking yields is expected to catalyze institutional adoption, Chainalysis said in its latest report. On the other hand, it may be a difficult road for the...Read More
On September 7th, Binance.US announced the launch of an Ethereum Staking service, offering its users an initial annual percentage yield (APY) of 6%. According to the Binance.US blog post, this new feature will allow users to start staking ETH using a minimum of 0.001 ETH (approximately $1.62). An amount much more accessible than the 32...Read More
The Canadian cryptocurrency miner HIVE Blockchain announced its August production figures, saying it mined 290.4 BTC and 3,010 ETH. The company’s equivalent BTC production was 518.8 BTC with an average hashrate of 3.70 Exahash. HIVE Blockchain also acknowledged the potential of Ethereum’s upcoming “Merge,” vowing to start mining various other GPU mineable coins once this...Read More
With the much-anticipated Ethereum Merge only days away, Bobby Ong, co-founder and COO of major cryptocurrency data aggregator CoinGecko, has shared some ways on how ETH holders can best take advantage of the upcoming event. In a tweet thread on Monday (September 5, 2022), Bobby Ong said that one of the best ways for existing...Read More
Seven Seven Six – a US-based venture capital firm founded by Reddit’s creator Alexis Ohanian – will reportedly raise a $177 million fund to invest in the cryptocurrency market. The company plans to allocate the amount directly into digital assets that are currently trading way below their all-time high levels. Earlier this year, Ohanian raised...Read More
The Ethereum Foundation has confirmed that the long-awaited Merge is expected to come sooner than previously expected. “Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet.” According to a new blog post, the...Read More
Coinbase has announced plans to add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network. The cryptocurrency exchange is allowing customers who stake ETH to receive a liquid representation of their staked-ETH – Coinbase Wrapped Staked ETH. cbETH is an ERC20 utility token that will be introduced right before the Ethereum blockchain’s Merge...Read More
Ethereum 2.0 client Teku has released version v22.8.1, considered as another major step toward the Merge. As per the official announcement, it is a required update that keeps the Bellatrix upgrade on track for September 6th that will kick off the long-awaited process of the Merge and set everything in motion. All mainnet nodes will...Read More
Tornado Cash has become a common money laundering platform with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. A substantial magnitude of the illicit funds has lost their trail after going through the mixer. According to a new report by blockchain security platform SlowMist, 74.6% of stolen funds (or nearly...Read More
Bitcoin and Ethereum slumped by double-digit percentages weekly after tapping multi-month highs last weekend. This resulted in over $150 billion gone from the entire market cap. Somewhat expectedly, the Fear and Greed Index has returned to a state of fear, but BitMEX’s co-founder – Arthur Hayes – believes this retracement could be an opportunity to...Read More
One of the largest derivatives marketplace, Chicago Mercantile Exchange (CME), announced plans to launch options on Ether futures on September 12th, subject to regulatory review. The new product release comes as CME Group recorded 1.8 million Ether futures contracts traded to date. With the highly anticipated Ethereum Merge nearing, Tim McCourt – Global Head of...Read More
While Ripple execs claim that the company has been unfairly treated by the SEC, Ethereum frontman Vitalik Buterin hasn’t been exactly silent either. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.” The latest feud also started with a discussion of new regulatory changes in Canada with...Read More
