In brief: A community member of the r/ethstaker Reddit community has predicted that Ethereum’s merge could happen in June of this year The prediction outlined five reasons as to why June was a plausible timeframe for the merge between the current Ethereum mainnet using Proof-of-work, with the Beacon chain that uses Proof-of-Stake The highly anticipated …
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Quick take: El Salvador could launch its Bitcoin bond between March 15th and 20th The choice of dates stands out as the U.S. Federal Reserve has an FOMC meeting from March 15th to 16th The bond, worth $1 Billion, is part of President Bukele’s plans of raising funds to buy more BTC and build the …
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Crypto trading rose by 107%in Ukraine since the conflict began Combined Russian-Ukraine crypto trading in USDT and BUSD pairs has attracted an average of US$80m a day at times. A recent report issued by Financial Times highlights how the Russian invasion of Ukraine may help mainstream crypto adoption. The report further explains how crypto donations …
Terraform Labs’ 12 million LUNA donation will be burnt and minted into $1.2 billion UST. UST is a decentralized stablecoin that is closely associated with the LUNA token. UST supply has gone up by 28% over the past two months. Terraform Labs has announced a donation of 12 million LUNA to the Luna Foundation guard, …
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Quick take: Stripe now supports crypto-related businesses This includes crypto exchanges, on-ramps, wallets and NFT marketplaces FTX and FTX.US has also partnered with Stripe for payments and KYC procedures The global payments provider of Stripe has announced that it is now supporting crypto businesses. The development at Stripe was announced by the company’s Co-founder, John …
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Quick take: Total accounts on the Algorand network has increased by 35.5% in 2022 Accounts on Algorand currently stand at 23.548 million which is a 6.174 million increment from January Increment in Algorand accounts can be attributed to the most recent upgrade focused on interoperability ALGO/USDT is in a downtrend and trading at the $0.72 …
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Turkey’s Minister of Economy Mustafa Elitaş met with a local Shib army member to discuss Shiba Inu adoption in the country. The detailed interaction was focused on discussing Shiba Inu’s ecosystem in the region. Shiba Inu is constantly gaining momentum in Turkey and has been recently listed on Bitexen, a Turkish crypto exchange. The soaring …
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Quick take: Binance is planning to scoop up businesses that operate in traditional markets to boost crypto adoption This follows Binance’s $200 million strategic investment in Forbes Earlier this month, CZ met with various UK policymakers in Westminister Binance has slowly been warming up to regulators across the globe The popular crypto exchange of Binance …
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Quick take: Terra (LUNA) opened the day at $80.5 and went on to hit a local peak of $99.55 The rise in value is attributed to the staking of LUNA that has surpassed that of Ethereum and Solana Terra is now the second-largest DeFi ecosystem after Ethereum in terms of total value locked Terra (LUNA) …
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US President Joe Biden has finally signed the much-awaited executive order regulating digital assets The order emphasizes six different financial areas including curbing illicit usage of digital assets The order also advises authorities to bolster efforts towards launching a CBDC. US President Joe Biden has finally issued an executive order that intends to regulate digital …
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Treasury Secretary Yellen offered remarks on President Biden’s executive order, saying that it would encourage responsible innovation. The initial statement has been removed, but an archived version is available. The U.S. looks very likely to release some sort of regulatory framework this year. Secretary of the United States Treasury Janet Yellen released a statement endorsing …
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Ethereum’s Environmental Footprint: Breaking Down the Misconceptions By Yorke E. Rhodes III, EEA Board Member and Co-Founder blockchain @Microsoft There’s no denying that blockchain, Ethereum, non-fungible tokens (NFTs) and the entire ecosystem surrounding them have been maturing quickly and gaining traction with a mainstream audience. However, while the space continues to amass loyal and enthusiastic …
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Quick take: The Avalanche Foundation has launched the ‘Avalanche Multiverse’ This is a $290 Million incentive program meant to increase the use and adoption of its ‘subnet’ feature ‘Subnets’ are a form of scaling on Avalanche through custom blockchains Avalanche will kick off the program by collaborating with DeFi Kingdoms, Aave, Golden Tree Asset Management, …
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Quick take: Ukraine has purchased military gear with $15 million from crypto donations The supplies include bulletproof vests, night vision goggles, medical equipment, and military-grade food rations Total crypto donations to Ukraine have exceeded $64.6 million Ukraine’s Vice Prime Minister, Mykhailo Fedorov, is optimistic donations will hit $100 million this week Ukraine has reportedly utilized …
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Apple co-founder called bitcoin “pure-gold mathematics.” Wozniak has previously offered similar praise about bitcoin, touting its mathematical purity. He is more cautious about altcoins and NFTs, saying that they can be predatory. Apple co-founder Steve Wozniak has offered effusive praise on Bitcoin, saying that it is “pure-gold mathematics” in an interview with Business Insider. Wozniak …
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