Crypto mining data center company Compute North is the latest casualty in the ongoing harsh crypto winter that has of late forced some of the biggest crypto companies to close shop. Compute North filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas on Friday, citing mounting pressure […]
Barely a week after Ethereum’s transition to Proof-of-Stake, Cardano (ADA) has replied to its critics with the widely anticipated Vasil upgrade as it looks to lure more projects to its network with improved features.
The blockchain gaming ecosystem is rapidly growing, with breakthroughs occurring daily in the play-to-earn, NFTs, and DeFi markets. The “play-to-earn” approach used by the GameFi ecosystem, which involves offering players financial incentives to play games, has completely changed the gaming landscape. Decentraland (MANA) and Axie Infinity (AXS) have been at the forefront of this new […]
Believe it or not, the Proof-Of-Stake Ethereum is a reality. Those crazy kids really did it. To celebrate the achievement, Bitcoinist turns the mic to the captains of the industry. It’s time for the TALKING HEADS to discuss one of cryptocurrencies’ most important news of the year. This time, we kept the question vague and […]
The anti-globalist right has taken control of the Swedish parliament, which is a very good sign for individualism and decentralized governance.
GlobalBlock analyst Marcus Sotiriou talks about the Ethereum merge, its benefits and potential risks to the event. He says the yield factor and a 99.95% reduction in energy use could see DeFi flourish and catalyse investor interest. But it’s a ‘complex technical event’ that one. Is the merge underrated or is it priced in? It More
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Nirmala Sitharaman, finance minister of India discussed the significance of crypto regulation with the managing director of the International Monetary Fund (IMF) Kristalina Georgieva. India has long focussed on the need for regulation along with global coordination with a mutually agreed approach to this issue. Sitharaman also mentioned that the IMF should take lead in terms […]
Of late, there has been a lot of buzz about Cardano’s upcoming network upgrade that will usher in the next era in its carefully planned evolution.
Solana Labs CEO Anatoly Yakovenko is addressing some of the technical difficulties that Solana (SOL) experienced over the last year. In a new interview with Real Vision’s Raoul Pal, Yakovenko says that Solana’s aim to process transactions at an ultra-high rate presented various challenges, especially once the Ethereum (ETH) rival began attracting waves of new […]
The post Solana Founder Anatoly Yakovenko Addresses Ethereum Rival’s Blockchain Outages and Issues appeared first on The Daily Hodl.
On Friday, Hoskinson stated that the date had been arrived at after in-depth consultations with “all the teams” and upon expressing their satisfaction with the rate of progress.
Analysts advise ETH users to avoid transacting during the Merge day because many things can go wrong on the day of the big update. With Ethereum’s (ETH) Merge approaching, the hazards that the event may bring are being discussed more openly, with crypto researcher Coin Metrics referring to price differences in DeFi protocols as one […]
A guide to the projects and companies working to make web3 development as easy as web2 Around the Block, from Coinbase Ventures sheds light on key trends in crypto. Written by Jonathan King, Connor Dempsey, & Hoolie Tejwani Special thanks to Mike Armstrong, Aaron Henshaw, Michael Atassi, Steven Willinger, and Shan Aggarwal for helping to inform this article. […]
Many people are already aware of the risks of trading or holding cryptocurrencies. Even those not overly concerned by the crypto market have some knowledge about the dangers. The volatility of certain digital currencies, such as Bitcoin and Ethereum, is why many individuals and firms seek ways to maintain the value of their assets. The Ethereum whales are no exception to this fact. Seeing the drop in the holdings of non-exchange addresses, ETH whales decided to move their holdings to on-exchange addresses. Related Reading: What The Negative Bitcoin Funding Rates Say About Investor Outlook A report showed that in the last three months, there had been an 11% drop in the assets of Ethereum in non-exchange addresses. Meanwhile, there was a whopping 78% in the holdings of whale on-exchange addresses. Ethereum Merge And Its Price One of the most significant events ever carried out in the crypto industry is the Ethereum 2.0 upgrade. Moreover, since the creation of the blockchain, there hasn’t been a more significant event than the upcoming merge. Through this event, Ethereum proof-of-work mining system will be moved to that of proof-of-stake after the upgrade. The end of the Merge signifies the successful completion of phase 2 of 3 stages of the migration into the PoS system. Ethereum began the migration into the PoS consensus in December 2020. The process started through the introduction of a chain called Beacon. This was regarded as phase 1 of the transition. Phase 2 of the migration, the Ethereum merge, was slated to complete in 2021. Somehow, the plan became abortive due to certain delays in the process. This outcome led to the shift in the schedule, bringing it into the Q3 of 2022. According to the community, the last of the transition will be the most significant of all three phases. This is because it’s intended to activate some vital features, including reducing the energy consumption of the blockchain and sharding. As per reports from the community, the merge process is already past 95%, considering the date scheduled for the event. This will take place following the successful completion of the Goerli test net. Somehow, the news about the merge, as of July this year, positively impacted the price of the blockchain native token, Ether. This impact brought its price to a 6-month high of approximately $2,000. Unfortunately, although this was an excellent bullish price movement, it was an abortive move to hit the critical resistance mark at the time. Related Reading: Crypto Market Returns Plunges Into The Negative, Here’s Why Data from then till now revealed a plunge in the price of several altcoins, including Ethereum. Moreover, sentiment on the market is also at a low. This is getting more glaring as the merge draws even closer. Additionally, there has been a rapid reduction in the holdings of Ethereum whales. Featured image from Pixabay, chart from TradingView.com
The crypto industry has evolved exponentially, dating from the time of its creation till now. As a result, several advantages are attached to using these digital tokens as a payment means. Many people are more conversant with making payments using fiat currencies, such as USD. However, adding cryptocurrencies to the already established payment method will […]
Cardano is putting in extra efforts to ensure the smooth rollout of the much-anticipated Vasil Hard Fork upgrade.