Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News

2022-09-06 22:10:10 Cardano Creator Calls Ethereum Classic Dead Project

A rare day goes by in the crypto space without feuds between Cardano's head and founder Charles Hoskinson and people who oppose him. Today was no exception, when, in response to accusations of a miner tax for ETC miners, Hoskinson made some loud statements regarding the entire Ethereum Classic project. The crypto enthusiast, who was recently a member of the Board of the ETC Cooperative, said that what some perceived as a tax should have been a sustainable development fund Ethereum Classic.

More Crypto News Open / Comment

2022-09-06 17:00:13 Russia to reportedly consider crypto use for international payments

Russia’s central bank has revealed that the country could re-consider using crypto for international payments, local news agency TASS reported on Sept. 5. According to the report, Russia’s Deputy Finance Minister Alexei Moiseev said the apex bank and the finance ministry could legalize crypto payments soon. Russia has faced increased scrutiny and sanctions from western countries over its Ukraine invasion. The sanctions birthed talks of the possibility of Russia using crypto to evade these sanctions, but stakeholders in the crypto industry have insisted that this is not possible.

More Crypto News Open / Comment

2022-09-06 08:45:04 Payment firm Wise rules out crypto remittances support citing high costs

British-based fintech firm Wise British-based fintech firm Wise has ruled out the possibility of facilitating cross-border crypto remittance, citing high costs for now. The payments platform, however, noted that cryptocurrencies come with additional advantages like speeding up the money transfer process but stated that it’s avoiding the costs of exchanging money. In this line, Barreiro noted that Wise is also exploring the Latin America region for the crypto option while singling out the vibrant digital assets market in the area. At the moment, Wise only allows users to purchase cryptocurrencies using funds in their accounts.

More Crypto News Open / Comment

2022-09-06 02:50:06 UK elects crypto-friendly Liz Truss as new prime minister

Liz Truss is set to become the United Kingdom’s next prime minister after winning the election to replace Boris Johnson as Conservative Party leader. It is quite possible that Ms. Truss’s response to the cost of living crisis, which she vowed to implement within days of assuming office, will define both her premiership and her prospects of earning a mandate of her own at the subsequent general election. Interestingly, those in the cryptocurrency space are interested in how Britain’s new prime minister will deal with cryptocurrencies. In 2018 she tweeted that ‘we need to accept cryptocurrencies’ in a manner that does not limit their potential and liberate free enterprise by eliminating rules that hinder prosperity.

More Crypto News Open / Comment

2022-09-05 20:55:48 FTX Will Pause Ethereum Trades for the ETH Merge

The first confirmation of zero downtime elicited mixed reactions from Ethereum developers, with many calling it a “disaster” and arguing that it was the FTX’s responsibility to maintain Ether (ETH) on all blockchains until the September upgrade was complete. FTX action of suspending Ether deposits and withdraws was to safeguard users from losing their assets during the high-risk fork. Ethereum developers designed the Merge for a smooth Proof-of-Stake (PoS) transition with zero downtime by considering the total terminal difficulty (TTD). This will ensure that the transition is based on the total mining power used to build up the blockchain.

More Crypto News Open / Comment

2022-09-05 17:50:07 Fed research papers warn about future risks from crypto CeFi and DeFi

The US Federal Reserve's research arm published a pair of papers last week exploring decentralized finance and the ramifications of digital assets for financial stability. The Fed and its leadership have pushed for more oversight of the crypto industry, particularly in the context of its links to the broader financial sector. The stability paper concluded that the crypto ecosystem is "prone to the buildup of financial vulnerabilities," but later added that "financial stability risks are not extensive because the digital asset ecosystem does not provide significant financial services and its interconnections with the traditional financial system are limited.".

More Crypto News Open / Comment

2022-09-05 08:40:00 Ethereum Classic Hashrate Touches New All-Time High

Ethereum Classic has been seeing some of the largest growth with the news of the Ethereum Merge. Where other cryptocurrencies were seeing single-digit gains, Ethereum Classic had seen double-digit gains that pushed its price well past the $40 mark at one point. Through all of the excitement of the mid-August market recovery, Ethereum Classic had seen tremendous support from the crypto market. As its gains rose, so did the activity on the network, and the hashrate quickly hit a new all-time high in mid-August. However, the gains had begun to shed, and ETC had lost its footing in the $40 territory, now trending just above $30. Despite this, the activity on the network has not slowed.

More Crypto News Open / Comment

2022-09-05 03:20:06 Cardano (ADA) Leap-Frogs XRP to Become Sixth Largest Crypto by Market Cap

Cardano (ADA) flips XRP to become the seventh-most valuable cryptocurrency by market capitalization. The price of ADA soared 5.4% in 24 hours, about a week after Cardano founder Charles Hoskinson announced that the Vasil hard fork would take place on Sep. 22, 2022. Speaking on a live stream on Aug. 26, 2022, Hoskinson said the release date would depend on the readiness of exchanges. However, in the past, exchanges followed through expediently after a hard fork announcement. Approximately 80% of the exchanges holding ADA liquidity are ready for the upgrade. The top ten decentralized apps by total value locked have already upgraded to version 1.35.3 of the Cardano Vasil code, which is the latest version.

More Crypto News Open / Comment

2022-09-04 22:29:02 Binance and Nigeria Are in Talks To Create a Digital Economy Powered by Blockchain

Nigeria and Binance are in discussion to create a digital economic zone powered by blockchain technology. Binance has been on an ever-expanding spree recently. With plans for expansion, the company has been venturing into several markets in recent months. In addition to opening offices in multiple localities, the Changpeng Zhao. The new digital economic zone will aid entrepreneurs to veer into blockchain technology in the nation of West Africa. According to a declaration by the Nigeria Export Processing Zones Authority, the partnership aims to create a digital hub “similar to the Dubai virtual free zone.” .

More Crypto News Open / Comment

2022-09-04 16:10:09 Binance Halts Deposits and Withdrawals of Defunct Terra Ecosystem Tokens

Binance, says in the recent past it supported the deposits and withdrawals of Shuttle Bridged LUNC via the Terra Classic and Ethereum networks. Binance says it has also supported Shuttle Bridged USTC via the BNB Smart Chain (BEP20), Ethereum network (ERC20), Polygon network and Terra Classic network. The exchange has informed its users of forthcoming changes due to the impending shutdown of the Shuttle Bridge. First, starting on Sept. 7, deposits and withdrawals of Shuttle Bridged LUNC and USTC made using the Ethereum network (ERC20), BNB Smart Chain (BEP20) and Polygon network, respectively, will be halted indefinitely. Users can still use the Terra Classic network to deposit and withdraw their LUNC and USTC tokens, nevertheless.

More Crypto News Open / Comment