Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoW) roughly five different crypto assets were the main beneficiaries of Ethereum’s former hashrate. However, 24 hours after The Merge, anonymous developers launched an Ethereum PoW fork called ETHW and the fork has managed to garner 60.92 terahash per second (TH/s) of hashpower. However, ETHW has lost…
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PRESS RELEASE. Luart has announced an official rebranding to Arcnes, a move that will better position the NFT platform to innovate and grow to its fullest potential, and this is because Arcnes is more than just a marketplace; it’s a tool for blockchain-based gaming and NFT projects. In addition, the platform will assist project founders…
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The company announced its acquisition of WePlay Media after it recently closed multiple multi-million dollar fund rounds with investors such as Temasek. One of Web3’s leading digital property rights developers, Animoca Brands, announced yet another major acquisition to its increasing portfolio of gaming subsidiaries. The company announced the purchase of WePlay Media, which developed the…
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The fact sheet sums up the efforts of 9 federal agencies’ research over the past 6 months. Following President Joe Biden’s executive order on Ensuring Responsible Development of Digital Assets, federal agencies came up with a joint fact sheet on 6 principal directions for crypto regulation in the United States. It sums up the content…
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More people are using stablecoins to hedge against inflation, as they offer numerous benefits. Economies around the world are facing a motley of challenges caused by rising inflation. High inflation devalues national currencies, which, in turn, pushes up the cost of living, especially in scenarios where earnings remain unchanged. In the United States, the government…
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Data released hours after the Merge prompted concerns about the alleged centralization of PoS. Analysis from Santiment indicates that 46.15% of Ethereum’s PoS nodes are controlled by only 2 addresses. Hours after the Merge, the first address has validated about 188 blocks or 28.97% of the nodes, and the second has validated 16.18%, or 105…
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236,000 BTC enters trading platforms in a single day amid what one commentator calls “unusual” exchange flows. Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020. “The scent of…
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A consortium of leading Wall Street broker-dealers, global market makers, and venture capital firms have announced the launch of a first-of-its-kind crypto exchange called EDX Markets (EDXM) that will be operated like a traditional stock exchange. … Read More: Wall Street Backs New ‘Low Fees’ Crypto Exchange – Is This the Future and Should You Be…
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Terra Luna Classic (LUNC) is ravenously batting through a bullish-reversal pattern known as a falling wedge. Over the last 24 hours the bulls are gathering momentum once again and buyers are starting to move in to slow down the fall. Will Terra Luna Classic repossess the $0.0003 price level? At the time of writing this…
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Risk management guru and author of “The Black Swan,” Nasim Taleb, has taken a jab at Bitcoin, calling it a tumor created by easy money. In an interview with CNBC, the New York Times best-selling author called Bitcoin, as well as the real estate market, a “tumor” that has been brought on by incompetent monetary policy.…
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