Ethereum (ETH) developers are putting forward a tentative timeline for the smart contract platform to merge to its proof-of-stake system. Ethereum core developer Tim Beiko says the ETH Merge is currently planned for September 19th. Beiko’s timeline was shared by another ETH developer, noting that the schedule of the Merge is not set in stone. …
Monthly archives: July 2022
Bitcoin ready to attack key trendline, says data as BTC price holds $20K
Bitcoin (BTC) consolidated higher on July 16 after the Wall Street trading week finished with modest gains for United States equities. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Can Bitcoin bulls reclaim the 200-week moving average? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $20,500 and $21,000 into the weekend. The pair thus …
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Lido DAO most ‘overbought’ since April as LDO price rallies 150% in two weeks — what’s next?
The price of Lido DAO (LDO) dropped heavily a day after its key momentum oscillator crossed into “overbought” territory. LDO undergoes overbought correction LDO’s price plunged to as low as $1.04 on July 16 from $1.32 on July 15, amounting to a 20%-plus decline. The token’s sharp downside move took its cues from multiple bearish …
Mixer usage sees all-time high thanks to nation-affiliated cybercriminals
Crypto mixer usage reached an all-time high in 2022 with a significant contribution from sanctioned entities and cybercriminals with known state affiliations, according to Chainalysis‘ recent report. The numbers show that the value received by mixers reached its all-time high of $51.8 million on April 19, 2022. 30-day moving average of daily value received by …
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Paraguay’s new bill may turn the country into mining heaven
On July 14, the Senate of Paraguay sent a bill to the President’s approval to allow crypto miners to use excess energy and be exempt from Value Added Tax (VAT). If the bill passes by the President, Paraguay might become the next target of the crypto mining companies. Paraguay’s Mister of Technology, Information, and Communication, …
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Apex Game Studios Founder Tomonobu Itagaki introduces first AAA web3 game title, Warrior
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › We may be chilling in a crypto winter, but don’t tell the gaming industry that. In spite of poor market sentiments, GameFi and Web3 Metaverse projects have continued to attract over US$1.3 billion in recent investments, …
While the ‘Timeline Isn’t Final,’ Ethereum Could Implement The Merge on September 19
In roughly 65 days, there’s a chance Ethereum’s highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS), otherwise known as The Merge, could be implemented. The information was shared via “a planning timeline” on Twitter, which noted the shift from PoW to PoS could happen on September 19. The source stemmed from Ethereum Beacon chain …
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide Europeans with “easy access to central bank …
Biggest Movers: XMR Surges to 1-Month High, as ALGO Also Climbs on Saturday
XMR was a notable mover in crypto markets to start the weekend, as prices rose to their highest level in over four weeks. Despite a large section of the market consolidating on Saturday, ALGO was also higher, as it too hit a multi-week high during the weekend. Monero (XMR) Monero was a notable mover on …
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Following Yesterday’s Gains
BTC was marginally lower to start the weekend, as crypto prices consolidated following recent gains. After surges in price on Friday, both ETH and bitcoin were slightly lower, as bulls appeared to have liquidated positions in order to secure profits. Bitcoin Bitcoin was trading lower to start the weekend, as markets consolidated following Friday’s surge …
Top 5 Rare NFTs to Buy and Invest in 2022
Non-Fungible Tokens are revolutionizing digital art and also transforming how brands, celebrities, businesses, and investors conduct transactions. With plenty of NFTs being created at any given time, it is easy to lose track of which ones are the best to follow. If you’re considering investing in NFTs, it’s essential to do your research and here …
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Vladimir Putin bans the use of digital assets for payments
The President of the Russian Federation, Vladimir Putin, has signed a bill that bans the use of cryptocurrencies for payments. The ban comes shortly after the Russian government and the Bank of Russia conflicted on how cryptocurrencies needed to be regulated. Vladimir Putin bans crypto use for payments In January this year, the Bank of …
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Ethereum developers agree on a perpetual date for the Merge
Ethereum is inching closer to transitioning into a poof-of-stake (PoS) network. The network will transition from PoW to PoS after the Merge, an eagerly awaited process by the community. The Ethereum developers have now provided a perpetual date for the Merge in a conference held on Thursday. Ethereum devs provide a perpetual date for the …
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MetaMask founders liken cryptocurrencies to an unsafe casino
The co-founders of MetaMask have said that the mission behind creating the company is to boost security in the cryptocurrency sector. The founders criticized the crypto space for being entirely financial and for failing to solve the issues faced in the real world. MetaMask co-founders say crypto is a casino Aaron Davis, one of the …
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More than $718M stolen from the crypto market in Q2 2022
Beosin, a web 3 security company, recently released a security report for the second quarter of 2022. The report looked at the latest hacking attacks and exploits within the blockchain sector, and detected that more than $718 million had been lost to exploits within the period. Most of these exploits were in the decentralized finance …
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