During a call on Thursday, Ethereum (ETH) developers mentioned potential dates for the Merge – the massive and much-anticipated event when Ethereum moves from the proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). The dates mentioned in the document shared during the call include September 15, 16, and 20…. Read More: Ethereum Developers Looking for Potential…
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MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.” Writing in the DAO’s Discord channel, as yearn.finance (YFI) core developer banteg shared, Christensen wrote to…
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Celsius creditors want to block the bankrupt crypto lender from selling mined bitcoin (BTC) reserves – and have labeled the firm’s CEO previous attempts to reassure them as “empty and false.” The company is filing for bankruptcy in New York, where the case is now being heard. But in a letter to the court, the…
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Huobi Group founder Leon Li is in talks to sell his roughly 60% stake in this major crypto exchange, while Tron (TRX) founder Justin Sun and Sam Bankman-Fried’s FTX exchange are being mentioned among those who’ve had preliminary contact with Huobi…. Read More: Huobi Might Get a New Owner, FTX Among Potential Buyers – Report…
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The Fiscal Information and Investigation Service (FIOD) of the Netherlands said it arrested a 29-year-old man in Amsterdam on suspicion of “concealing criminal financial flows” and “facilitating money laundering” through crypto mixing service Tornado Cash. The “developer” is brought before the examining judge and “multiple arrests are not ruled out,” the FIOD said. … Read More:…
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While Bitcoin and Ether prices may have climbed lately, Bitcoin mining companies have been absolutely pumping. Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability and sharp increases in Bitcoin (BTC) production. Crypto mining companies Marathon Digital Holdings at…
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Australia’s financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors. The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the sheer amount of people that invested in “unregulated, volatile” crypto assets during the pandemic. Longo,…
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Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds. Crypto exchange Binance has recovered a big part of the funds from the recent hack that targeted the decentralized finance (DeFi) protocol Curve Finance. In a tweet, Binance CEO Changpeng Zhao announced that the exchange…
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Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out. Institutional staking of crypto assets, including the post-Merge Ethereum, could become a “phenomenon” in the future, but not while their assets still need to be “locked up.” Speaking during a Q2 earnings call on Tuesday, chief financial…
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It’s not just ETH price that stands to benefit from Ethereum’s move to proof-of-stake in September. After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum’s native token Ether (ETH), the valuation of several other tokens have not only benefited greatly, but could also keep outperforming ETH after the…
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