Moonhub

2023-02-19 20:18:56 Ethereum's supply has declined due to its recent upgrade EIP-1559, which has made it a deflationary asset since mid-January. A percentage of the transaction fee is permanently removed from Ethereum's circulating supply with each transaction, making the asset more scarce as the Ethereum network sees more interest, adoption, and trading volume. Ultrasound.Money reported that a total of 28,730 ETH worth $48,885,818 has been burned since the upgrade. Another significant Ethereum upgrade, dubbed the Shanghai upgrade, is expected to release $25 billion worth of ETH that has been locked in early staking contracts next month, with Ethereum developers then focusing on new features such as sharding and zero-knowledge proofs. Open / Comment

2023-02-13 05:27:24 The US Securities and Exchange Commission (SEC) has reportedly informed Paxos Trust Co. that it intends to sue the stablecoin issuer for violating investor protection laws with respect to Binance USD. The SEC issued a Wells Notice, which gives Paxos 30 days to respond with a Wells Submission arguing against the proposed enforcement action. Binance stated that BUSD is a product issued and owned by Paxos and is a regulated 1-to-1 backed stablecoin. It added that stablecoins are important for investors seeking stability in volatile markets, and curtailing their use would harm millions of people worldwide. Open / Comment

2023-02-13 02:02:40 Mark Yusko, CEO and CIO of Morgan Creek Capital Management, expressed his views on Dogecoin ($DOGE) and Shiba Inu ($SHIB) in a recent interview with "Blockworks Macro" on YouTube. Yusko stated that he lives with the belief that the bear market in cryptocurrency will end when DOGE and SHIB go to zero, however, they never reached zero and are even rising again. He expressed skepticism about the underlying value of meme stocks and meme coins, comparing them to companies like Amazon that generate profits and cash flow. Despite his doubt, as of 12th February 2022, Dogecoin and Shiba Inu are ranked 9th and 12th among the most valuable cryptoassets with market caps of $11.22 billion and $7.87 billion respectively, and have seen year-to-date growth of 19.80% and 63.56% respectively. Open / Comment

2023-02-12 19:48:12 Vitalik Buterin, the co-founder of Ethereum, has made a donation of about $150,000 worth of Ether to Ahbap Earthquake Support, an organization helping victims of the recent earthquake in Turkey and Syria. He sent a total of 99 ETH from his personal wallet, "vitalik.eth," to a wallet belonging to Ahbap Yardm. This move showcases the growing trend of using cryptocurrencies as a tool for charitable giving and is expected to provide much-needed aid to those affected by the disaster. Open / Comment

2023-02-12 04:22:17 The community of Uniswap (UNI) has made its voice heard! 66% of members voted to launch the Ethereum-based DEX on Binance's #BNBChain. With 84.8 million votes cast & support from ConsenSys, Metamask & CompoundLabs, the crypto revolution continues to thrive Open / Comment

2023-02-12 01:50:32 The Young Guns of Crypto Have Spoken: Two-Thirds of Millennials View Bitcoin as a Safe Haven"
In a survey conducted by the trailblazing publication Bankless Times, the results are in, and they paint a bold picture of the future of finance. 67% of millennials, aged 27-42, believe that bitcoin, the primary cryptocurrency, is a safe haven investment.
These digital natives, born between 1981-1996, have proven to be at the forefront of the crypto revolution, embracing the financial freedom that bitcoin offers. In times of economic uncertainty, they see the decentralized currency as a means of diversifying their portfolios, and according to Bankless Times CEO Jonathan Merry, it's a "vital investment instrument" for this tech-savvy demographic.
While older generations may remain predominantly conservative, clinging to fiat currencies and viewing the crypto sector with skepticism, the millennials surveyed by Bankless Times are bullish on bitcoin's future. Open / Comment

2023-02-11 21:39:23 Tron generates $48 million in revenue in Q4 2022! Messari research shows a 25% increase compared to Q3, with rising user transactions & active daily addresses. Despite unfavorable market conditions, Tron has a successful Q4 with network activity growth. Average daily transactions hit 6.5 million & transactions per second at 76! Open / Comment

2023-02-11 10:45:36 Binance, the cosmic cryptocurrency exchange, has added the likes of Shiba Inu ($SHIB), the meme-inspired digital asset, and the intergalactic token of the "blockchain of blockchains", Polkadot ($DOT) to their ever-evolving Proof of Reserves verification system.
With the addition of these out-of-this-world tokens, along with Solana ($SOL) and Chiliz ($CHZ), Binance's Proof of Reserves system now boasts a total of 13 verifiable assets. This system, powered by a cryptographic tool called a Merkle Tree, allows users to verify that the exchange holds their assets in reserve, backing the deposited funds on the platform.
But Binance didn't stop there. The leading cryptocurrency exchange has upped the ante, enhancing the security of their Proof of Reserves system with the addition of zk-SNARKs. A zero-knowledge verification method that keeps sensitive information private and secure, zk-SNARK is an abbreviation for "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge." Open / Comment

2023-02-11 05:36:11 In the wake of the SEC-Kraken settlement, the staking landscape in the U.S. has been thrown into a state of flux. The crypto wild west, now overseen by regulators, is left grappling with the question of how staking programs can continue to offer returns to American users. Enter Charles Hoskinson, the outlaw of Cardano, with a solution that could shape the future of staking in the U.S.

In a recent video broadcast from his secret YouTube hideout, Hoskinson addresses the issue head on, with a cunning plan for a new concept called "Contingent Staking." This revolutionary new mechanism will allow staking pool operators (SPOs) to choose who gets to stake, and ensure that they are compliant with the iron-fisted rules laid down by the SEC.

With Cardano leading the charge, the staking frontier may soon see a new dawn, where bountiful rewards can still be reaped, even under the watchful gaze of regulators. But will Hoskinson's plan succeed, or will it be shot down by the regulatory? Will see. Open / Comment

2023-02-11 02:38:55 The Ethereum blockchain is getting ready to unleash its inner dragon with the Sepolia testnet, set to soar through the Shanghai upgrade on February 28th. This epic move will enable the withdrawal of staked ether (ETH) and marks a crucial milestone in the evolution of the Ethereum network. Sepolia, a secret garden for Ethereum developers only, is the second testnet to undergo the upgrade, following the successful simulation of staked ETH withdrawals on the Zhejiang testnet.

One more testnet remains before the main Ethereum blockchain is set to receive the Shanghai hard fork, marking a new chapter in its journey to become the most powerful decentralized platform on the planet. For those lucky few with access to Sepolia, the time has come to tighten your grip on your keyboard, and get ready for the ride of a lifetime. Open / Comment