The shadow fork, which is intended to test the next phase of Ethereum’s configuration, has no impact on the existing mainnet. Ethereum developers implemented the network’s first-ever “shadow fork” on Monday, marking an important milestone in the ongoing shift to a proof-of-stake (PoS) consensus. The shadow fork provides a venue for developers to stress test…
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The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased by 15.4% to $16.7 billion. Stablecoin…
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The crypto market traded lower over the weekend, with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward…. Read More: Bitcoin & Crypto Fall as Market Awaits US Inflation Numbers, ‘Overvalued’ Tech Stocks Worry Traders Read…
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Mastercard joins Visa and American Express with moves into the Metaverse as it seeks to increase revenue streams and remain competitive in the virtual economy. Payments giant Mastercard has filed 15 nonfungible token (NFT) and metaverse trademark applications with the United States Patent and Trademark Office, or USPTO. Highlights of the filings include plans for…
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Citizens in countries with heavily devalued currencies “need to have crypto.” In the developed world, it’s often just “nice to have.” Last year, cryptocurrencies reached a “tipping point,” according to Gemini’s 2022 Global State of Crypto report, “evolving from what many considered a niche investment into an established asset class.” According to the report, 41%…
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Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours. Value Locked in Defi Shudders This Week While the…
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The US-based crypto exchange Coinbase came in with the top score in CryptoCompare’s latest Exchange Benchmark Report, with a strong team and compliance with regulations making the exchange stand out among its peers. Meanwhile, further industry consolidation is expected, with the possibility of “an oligopoly” forming…. Read More: Coinbase Ranks Top Among Crypto Exchanges,…
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Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave passed through crypto markets. As of writing, BTC and ETH are trading between 2% and 5% lower, while the overall crypto market cap is down 3.75%. Bitcoin Bitcoin extended its recent decline on Monday, as prices…
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Hong Kong-based virtual insurer OneDegree has entered into a three-year strategic partnership with German reinsurer Munich Re to launch OneInfinity, a new digital asset insurance product. OneDegree says its product is an insurance and technology offering designed specifically for digital asset trading platforms, custodians, asset managers, as well as technology providers…. Read More: Virtual…
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Macro, technicals and uncertainties concerning Terra’s LUNA-burning mechanism could push the price further down in April. Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism. Bitcoin (BTC) and Ether (ETH) led to a decline in the rest of the cryptocurrency market,…
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