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2022-08-19 17:01:06 Ether To See Rare “Triple Halvening” After the Merge
The current update issues tokens that increase Ethereum’s supply by 4.3% annually. The high issuance of tokens incentivises the mining process to attract more miners. This is where the recently introduced “Triple Halvening” phenomenon comes into play. When Ethereum switches to PoS, miners become obsolete and are replaced by validators. Validators consume less energy, and tokens issued to validators are way less. Consequently, ETH supply will be increased by just 0.4% post-Merge instead of the current 4.3%. This also leads to a reduction in sell pressure by up to 10x. With less supply of ETH comes a price increase. Secondly, the current Ethereum software update, EIP-1559, actively burns a portion of transaction fees. This also leads to a decrease in ETH supply. Read more Open / Comment

2022-08-18 11:58:43 The upcoming Merge upgrade will not lower gas fees, the Ethereum Foundation has stated. Open / Comment

2022-08-17 14:49:05 Coinbase Will Pause ETH Deposits and Withdrawals During Ethereum Merge
Coinbase announced today that it will pause ETH and ERC-20 token deposits and withdrawals during the Ethereum Merge as a precautionary measure. Trading services are expected to remain unaffected. The Ethereum Merge is tentatively scheduled to ship around September 15. Make sure you take your tokens off the exchange if you want to freely dispose of your coins during the merge. As mentioned very briefly in our last Market Report, there may be sudden sell-offs after the merge, and high volatility will be certain. Read more Open / Comment

2022-08-16 19:49:03 Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’
The Federal Reserve (Fed)'s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.” Reserve bank master accounts let institutions gain direct access to the Fed’s payment systems. Without this access, firms must team up with partner banks who have master accounts. A number of United States-based crypto custody banks have been pushing for direct master bank access for several years – and appear keen to do away for the need for intermediary partnerships with conventional banks. Read more Open / Comment

2022-08-15 12:13:32 Privacy protocol Monero completes upgrade to make transactions more private
The protocol said in a blog post in April that the new “Bulletproofs+” algorithm can reduce typical transaction size and improve verification performance by 5% to 7%. View tags are Monero’s new approach to reducing wallet sync times by 30% to 40%.
Privacy protocols like Monero issue privacy coins that offer crypto traders the ability to hide the provenance of transactions as well as the identities of senders and receivers. Read more Open / Comment

2022-08-14 14:59:17 This Week In Crypto (32)
1. Inflation "only" at 8.5%
2. Ethereum gas fees lowest in 2Y
3. US sanctions against Tornado Cash
4. Ethereum Merge scheduled in September
5. Virtual land prices fell 80%
CW31 (last week) Open / Comment

2022-08-13 22:01:32 Tornado Cash DAO votes to take partial control over treasury funds
The Tornado Cash DAO community has voted in favor of adding the DAO’s governance as a signatory to the treasury’s multi-signatory (multisig) wallet. The treasury looks after about $21.6 million across three different wallets. This vote began on Wednesday, based on a proposal on the Tornado Cash DAO governance page, and ended today with 100% approval from all 12 participants. This happened after the United States imposed sanctions on the crypto service Tornado Cash on Monday . The mixing service is accused of, among other things, helping hackers from North Korea launder the proceeds of their cybercriminal activities. Read more Open / Comment

2022-08-12 11:27:07 Ethereum Merge Scheduled to Launch in September
The number one smart contract network completed its final test run for the update on the Goerli testnet yesterday. Ethereum developers have slated a September 15 to 16 target date for the network to complete "the Merge" to Proof-of-Stake. The landmark event has become a leading narrative in the crypto space in recent weeks, and ETH has benefited from the hype. Read more Open / Comment

2022-08-11 09:21:01 Ripple Is Exploring a Buyout of Celsius’ Assets
Ripple is exploring the possibility of buying Celsius' assets, according to statements from a Ripple representative.
Celsius has not publicly commented on the matter, nor is it clear whether Ripple is in discussions with Celsius.
On August 5, Ripple's lawyers filed documents that will allow the company to take part in Celsius' bankruptcy hearing.
Read more Open / Comment

2022-08-10 11:30:56 54% of crypto investors say they did not sell their coins
The cryptocurrency market meltdown of 2022 likely altered the investment strategies of a number of holders, with some resolving to dump their assets. However, a significant share of investors remain unfazed by the correction as they anticipate a future market rally. Indeed, more than half of crypto investors, at 54%, indicated that they had not sold any portion of their digital asset holdings in recent weeks despite escalating sell-offs, research published by Civic Science on July 26 indicates. Elsewhere, the remaining 46% indicated that they had cashed out “a lot” or “all” of their crypto investments at 26%, while 20% only sold a small amount of their digital assets. The finding is based on feedback from 1,233 individuals shared between July 25 and July 26. Read more
Have you sold in recent months? Open / Comment