Summary: Decentralized finance protocol Aave paused loans for Ether (ETH). Aave’s community voted in favor of the decision in light of Ethereum’s upcoming Proof-of-Stake upgrade. The protocol has recorded higher loan utilization rates leading up to the Merge. Aave’s decision came shortly before Bellatrix, the first of two stages before Ethereum’s final PoS transition, went …
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The Bellatrix upgrade, one of the final stages in Ethereum Proof-of-Stake transition, has gone live. The Merge will take place with the Paris upgrade, expected around September 15. Some exchanges and platforms are suspending Ether deposits during this time. The Bellatrix upgrade for Ethereum, one of the final upgrades before The Merge takes place, has …
Continue reading “Bellatrix, First of Two Ethereum Upgrades in Final Phase of The Merge, Goes Live”
The Monero price prediction reveals that XMR faces key support as the market price heads to the downside. Monero Prediction Statistics Data: Monero price now – $156.9 Monero market cap – $2.8 billion Monero circulating supply – 18.1 million Monero total supply – 18.1 million Monero Coinmarketcap ranking – #27 XMR/USD Market Key Levels: Resistance …
Continue reading “XMR Remains Below $160 Level, TAMA, a Real Game Changer”
Netflix, one of the leading streaming platforms, is planning to ban advertisements related to cryptocurrencies after launching an ad-supported subscription package. In November, Netflix plans to introduce ads to help the streaming giant expand its revenues and retain its customer base. Netflix to ban crypto ads from streaming service A report by The Sydney Morning …
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Data from Ethernodes shows that 73.5% of ethereum nodes are already “Merge ready” These nodes are now prepared for the Merge that is slated to happen on September 13-15, which will see Ethereum switch to a proof-of-stake blockchain. 73.5% of Ethereum nodes are “Merge ready” The latest data from Ethernodes comes ahead of the Bellatrix …
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Many presume that even after Ethereum switches to proof-of-stake (PoS), a bloc of Ether miners would then fork the system back to proof-of-work (PoW) so they can continue mining. According to an executive, there are methods for ETH owners to benefit from this event planned. Bobby Ong, founder of coin knowledge web page CoinGecko, communicated …
Continue reading “CoinGecko co-founder discusses the forked token strategic plan”
Binance, the globe’s most significant cryptocurrency interchange by quantity, recently announced that it would begin automatically converting existing and brand-new TUSD, USDP, and USDC stablecoin funds into its BUSD native coin, successfully delisting three significant cryptocurrencies. According to the firm, the transition will improve users’ capital and liquidity effectiveness. As per CoinMarketCap, USDC seems to …
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A closely followed crypto analyst is predicting a price surge for Cardano (ADA) while updating his forecasts for Ethereum (ETH) and Shiba Inu (SHIB). The pseudonymous analyst Altcoin Sherpa tells his 182,600 Twitter followers that he believes smart contract platform Cardano is in a sideways accumulation phase and that a rally close to $0.60 is …
Ethereum co-founder Vitalik Buterin is reminding node operators to upgrade their clients before the Bellatrix “hard fork,” slated for Sept. 6. Buterin said that the scheduled upgrade will be the final update that prepares the Beacon chain (proof-of-stake chain) for the Merge. The merge is still expected to happen around Sep 13-15. What’s happening today …
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Sales of recently launched Reddit blockchain-based avatars are rising on nonfungible token (NFT) marketplace OpenSea, outperforming the platform’s proprietary store. Reddit, the “front page” of the internet, plugged into the burgeoning world of NFTs with the announcement of collectible avatars in July 2022. The avatars became available to users in August and are already generating …
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Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voices its own intention to launch one using frozen national funds. In a Sept. 6 interview with Bloomberg, the minister of planning of exiled Myanmar’s National Unity Government, Tin Tun …
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Australia’s ministerial department of Treasury reached out to the public to seek consultation regarding draft legislation that would exclude cryptocurrencies from being taxed as a foreign currency if passed. In a press release, Assistant Treasurer Stephen Jones highlighted the Australian government’s intent to exclude crypto assets from being regarded as a foreign currency for tax purposes. …
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FTX exchange announced its plan to halt its withdrawals during the upcoming Ethereum merge The exchange also announced that it will also credit the forked tokens back into the user’s account Leading crypto exchanges and platforms are all gearing up to embrace the upcoming Ethereum merge. Among other platforms, FTX has also issued a comprehensive …
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A Bitcoin (BTC) whale sent over 200,000 BTC to Coinbase between July 18 and July 21, according to a tweet from CryptoVinco on Sept. 5. One of the biggest #Bitcoin whales with over 200K+ $BTC sent ALL of their coins to exchanges. I’m 99% certain this is Michael Saylor’s Bitcoin address, and they’re planning to …
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Since August 6, Flux (FLUX) has increased in value by 130% and entered the top 100 cryptocurrencies by market cap, according to CryptoSlate data. On July 12, Flux bottomed at $0.394, providing the spur for a phenomenal runup that peaked on Sept. 6 at $1.437. Bull exhaustion has since set in at writing, taking Flux below …
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