DeFi & Ethereum News

2022-09-05 06:30:05 Ethereum Unique Addresses Grow in Anticipation of Merge

Ethereum Merge is only 13 days away, and activity on the network is reaching new highs with 204,571,827 unique addresses on the network now. This represents a growth of over two million unique addresses in the last 30 days -a daily average of 70,000 addresses based on Etherscan data.

While new addresses don’t always mean increased network activity as individual investors may have multiple addresses. However, it could be a sign of increased interest in the blockchain network. The number of staked ETH on Ethereum 2.0 has been growing consistently over the past few months and stands at 13,509,375 ETH as of August 31. That represents an addition of over 300k ETH to the network within a month.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-09-04 07:50:05 Bybit to Follow Binance by Introducing Zero Fee Trading

Trading companies are moving to waive trading fees to attract more customers and to make crypto as accessible and inclusive as possible. Bybit, one of the biggest derivative exchanges, has introduced a feature that will have zero fees for all spot trading. It is a move seen as too good to be true, and investors are questioning whether they are rebalancing profits elsewhere.

The announcement, which has been viewed as a marketing strategy to attract more customers, will also reward new customers seeking to use the spot trading feature with up to $600 as a thank you for signing up. Among other perks the company has introduced, include zero-fee promotion and this will not be applicable to pending order fees incurred before the promotional event which begins on September 6.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-09-03 08:04:02 ETH Whales Move Ethereum to Exchanges Awaiting The Merge

ETH whales are on the move. Major investors in the Ethereum (ETH) network are sending their holdings in the asset to exchange addresses, according to data gathered by Santiment. The Merge, an event where the ETH mainnet will merge with the Beacon Chain and adopt the Proof-of-Stake (PoS).

The merger, awaited for years by network enthusiasts, has positively impacted the price of the second largest cryptocurrency in the world. Since the Ethereum 2.0 date was announced on July 15th, the network’s native token has surged 70% according to TradingView, despite undergoing a price correction in recent weeks. Data from analytics firm Santiment shows that major Ethereum cold wallets have reduced their ETH holdings by 11% in recent months.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-09-02 08:30:13 Crypto startup wins cybersquatting dispute against Deloitte

Crypto startup Don’t Know Your Customer has managed to avoid a cybersquatting complaint brought by accounting giant Deloitte over its domain name. Web3 design and branding firm Penultimate Media Systems registered DontKYC.com for its crypto client, which claims to be a non-profit community that operates on the Binance Smart chain while offering prepaid cards that offer anonymity.

Deloitte disapproves the domain owner abbreviated its service as DKYC on its website. The accounting firm argued that the disputed domain name is highly similar to its own trademark as it uses the acryonym in the same form. Deloitte even accused DKYC’s website of being illegal and emphasized the alleged damaging effects the startup’s use of the disputed domain name on the accounting firm’s reputation. The accounting firm explained that the crypto startup is promoting anonymous financial transactions.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-09-01 08:35:03 Blockchain gaming company Xterio bags $40M led by FunPlus, FTX Ventures

Blockchain gaming company Xterio has raised $40 million to develop Web 3.0 game franchises, the startup announced on August 30. The funding was led by FTX Ventures, the venture capital arm of crypto exchange FTX, FunPlus, Makers Fund, and XPLA, the press release said.

Switzerland-headquartered FunPlus is a video game developer and publisher publishing games such as King of Avalon, State of Survival, and Guns of Glory. FunPlus provides Xterio with its technology stack. Xterio, on the other hand, is the exclusive partner of FunPlus to mint and deploy non-fungible tokens (NFTs) for all present and future FunPlus game titles. The funding round also saw participation from Animoca Brands, HashKey, Foresight Ventures, Infinity Ventures Crypto, and Matrix Partners.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-08-31 07:56:02 Iran implements rules allowing businesses to use crypto for import trade transactions

Iran will allow any local business that imports goods to pay for their transactions via cryptocurrency in lieu of the dollar or euro. The administration of Iran has passed a set of regulations on trade transactions with cryptocurrencies, according to Reza Fatemi Amin, minister of industry, mines, and trade.

Amin made the announcement at an automotive industry exhibition in Tehran on August 29, where he noted that the new law defines regulations on cryptocurrencies, including how to supply fuel and energy for cryptocurrency mining and how to grant licenses. The minister said any imports of goods can be processed via cryptocurrency transactions instead of the dollar or euro under an agreement between the Ministry of Industry and the Central Bank of Iran.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-08-30 06:57:02 Ava Labs CEO Responds to CryptoLeaks Report on Law Firm Deal ‘Conspiracy Theory Nonsense’

Ava Labs CEO Emin Gün Sirer has rejected a report from CryptoLeaks that makes several strong allegations. The report says that Ava Labs and law firm Roche Freedman struck a deal that saw Ava Labs stock and cryptocurrencies given in return for pursuing actions against crypto companies.

The CEO of Ava Labs, Emin Gün Sirer, has rejected a report from CryptoLeaks that the company had struck a deal with a law firm to actively damage companies in the industry. Sirer called the report “conspiracy theory nonsense” and “inflammatory.”. The CryptoLeaks report talks about Roche Freedman, a law firm that it says “widely sues people in crypto, currently running at least 25 class actions.”.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-08-29 07:46:02 NearPay Brings Virtual Crypto Cards And A Wallet For iOS As Well As Android Users

NearPay a crypto finance protocol has now launched virtual crypto cards and a wallet for iOS and Android users. NearPay is now made available on all platforms which include the Web, iOS and Android. The platform lets its users buy digital assets using credit cards or even through a bank transfer.

The entire process of transacting has been made easier, as users can send, receive and exchange a digital asset without hassle. The finance protocol has attempted to bring a modern digital banking experience across the industry. Additionally, there is a provision to instantly use a virtual Visa debit card that allows one to spend digital assets for online purchases with an option to automatically convert crypto into fiat currency.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-08-28 07:10:02 Coinbase Will List Ethereum PoW Token if It Meets Listing Criteria

Coinbase has said it will list any potential Ethereum proof of work token after the Merge as long as it meets its listing criteria. The publicly listed exchange made this known in an August 25 tweet, adding that it is fully committed to supporting the Ethereum network migration to a proof-of-stake network.

According to Coinbase, its “goal is to list every asset that is legal and safe to list.” Thus, the exchange will evaluate every ETH fork token after the merge “on a case by case basis in alignment with our standard asset listing policy.” It further assured customers that all potential forked Ethereum tokens would go through the same listing review process as any other asset on the exchange. Coinbase recently announced the launch of a utility token called Coinbase Wrapped Staked ETH (cbETH) for its users.

Source

https://t.me/DeFi_Ethereum Open / Comment

2022-08-27 07:57:02 Animoca Tightens The Reigns in Japan With $45M Web 3-Focused Funding

Animoca Brands’ Japanese subsidiary, also known as – Animoca Brands KK – has raised $45 million. Its parent company, Animoca Brands Corporation Limited, and MUFG Bank, Ltd. (MUFG) led the investment. Promoting Web 3 adoption to multiple partners and ramping up the value and utility of their branded content while simultaneously boosting the NFT ecosystem in Japan are also some of the prime areas of focus.

The blockchain gaming powerhouse is strengthening its presence in one of the leading economies in Asia – Japan. According to the official blog post, the freshly raised capital will be deployed to secure licenses for well-known intellectual properties and build internal capabilities. The development comes as the Japanese government looks to reevaluate the crypto tax rules applicable for corporations in the 2023 financial year. The two crypto lobbying groups of the island country..

Source

https://t.me/DeFi_Ethereum Open / Comment