Leading decentralized finance (DeFi) protocol Aave has frozen Ethereum (ETH) borrowing as the leading smart contract platform prepares for the highly anticipated merge. Citing advice from analytics firm Block Analitica, a community proposal says that the Ethereum merge will present significant risks to the DeFi borrowing and lending markets. The proposal names three main risks …
Monthly archives: September 2022
Staking on Polkadot, explained
It can do — and in some cases, you may have to lock up your DOT for 120 days. A lot can happen in 120 days — case in point, DOT fell from an all-time high of $55 to lows of $17 over this timeframe… down 69%. This painfully shows why it’s important to assess …
Law Decoded, Aug. 29–Sep. 5: Celsius is ready to give money back, but not much
United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch — as the company has filed a motion with the United States Bankruptcy Court, its pledge would only apply to Custody and Withold …
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Liz Truss, who said UK ‘should welcome cryptocurrencies’ will be the next prime minister
After a race for the leadership of the Conservative Party, Secretary of State for Foreign, Commonwealth and Development affairs Liz Truss defeated former Chancellor of the Exchequer Rishi Sunak and will be the next prime minister of the United Kingdom. Boris Johnson, who served as the prime minister since 2019, will be on his way …
ETC Trades Above $0.70; TAMA Explodes Skywards
The Ethereum Classic price prediction shows that ETC is rising with a gain of 11.18% over the past 24 hours as it rises above the $35 level. Ethereum Classic Prediction Statistics Data: Ethereum Classic price now – $36 Ethereum Classic market cap – $5 billion Ethereum Classic circulating supply – 136.7 billion Ethereum Classic total …
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Ethereum Classic’s Hashrate Reports An All-Time High Ahead Of The Upcoming ETH Merge
ETCs hash rate has reached an ATH of 47/THs The ascent has been credited to the high mining activity reported on the network ahead of the upcoming merge. Dubbed as a parallel version of the Ethereum blockchain, the hashrate of Ethereum Classic has breached its usual metrics to reach an all-time high of 47 Terra …
Newly Elected UK Prime Minister Lizz Truss Has Previously Shown Support For Crypto
Summary: Liz Truss is set to emerge as the next Prime Minister of the United Kingdom. Truss secured the Conservative Party leader seat ahead of Rishi Sunak, former Treasury Head. Tweets from 2018 suggest pro-crypto sentiment from Truss but the lawmaker has not explicitly laid out “crypto-friendly” regulatory plans. Sunak’s regime was more publicly pro-crypto …
FatManTerra educates community on crypto scams by creating fake investment scheme
Crypto Influencer FatManTerra refunded over $100,000 received from crypto users looking to buy into his “made-up” investment scheme that was a cover for sending an educational message to the community on crypto scams. FatMan took to Twitter to trick his followers by pitching a fake investment scheme. He wanted to gauge their response to crypto …
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Research: HODL waves show short-term holders at level lower than 2019 bear market bottom
HODL Waves are an indicator that bundles all active supply addresses by age bands. Each colored band shows the percentage of Bitcoin in existence that was last moved within the time period denoted in the legend. A review of the current state of the HODL Waves chart by CryptoSlate indicates that short-term holders are at …
Russia to reportedly consider crypto use for international payments
Russia’s central bank has revealed that the country could re-consider using crypto for international payments, local news agency TASS reported on Sept. 5. According to the report, Russia’s Deputy Finance Minister Alexei Moiseev said the apex bank and the finance ministry could legalize crypto payments soon. Moiseev continued that Russians’ reliance on foreign platforms for crypto …
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Weekly MacroSlate: Rising US dollar – The impact of high inflation, high energy and rising rates on Bitcoin price
Macro Overview Jackson Hole recap When markets opened on the 29th of August, Fed Chair Powell provided most of the drama by saying that rates will continue to rise until inflation is brought under control. He pushed back on market expectations, which saw U.S. equities sink, short-term rates climb to their highest since mid-June and …
Vitalik Buterin poll reveals community want 5-letter .eth domain name for $100
A Twitter poll by Ethereum cofounder Vitalik Buterin has revealed that around 50% of the crypto community think the fair price for a 5-letter .eth domain name for 100 years is less than $100. Source: Twitter According to responses from the community, the “under $100” price is the best because it would ensure inclusivity for …
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Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge
Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4. Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is expected to take place eight days from now, and a great deal of hashrate has …
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Biggest Movers: DOT, LINK Rise to Multi-Week Highs on Monday
Polkadot rose to a multi-week high to start the week, as price increased for a second straight day. The token briefly broke out of a key resistance point, during Monday’s surge. Chainlink also moved to its highest point in nearly two weeks, with the token now trading nearly 13% higher in the last seven days. …
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Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of Dormancy
Last week Bitcoin.com News reported on two old bitcoin addresses created in 2013 sending 10,001 bitcoin to a myriad of wallets. Heuristics and clustering techniques indicate that the bitcoins were associated with Mt Gox, roughly around the same time the exchange was hacked in June 2011. Five days later, 5,000 bitcoins were transferred from a …