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2022-09-03 13:33:38 FTX has no plans to buy crypto exchange Huobi, says CEO Bankman-Fried.

FTX is not planning to acquire crypto exchange Huobi, the company's founder and CEO Sam Bankman-Fried said on Twitter.

Bankman-Fried's comment follows a recent Bloomberg article naming FTX and Tron founder Justin Sun among a list of investors that have had "preliminary contact" with Huobi as its founder Leon Li looks to sell about 60% of the company.

Li is seeking a $2 billion to $3 billion valuation for the company and has reached out to "several international institutions," according to Bloomberg.

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2022-09-03 06:26:03 Ethereum founder Buterin is concerned about Bitcoin’s security

The founder of Ethereum (ETH), Vitalik Butern, has expressed concerns about the long-term sustainability of Bitcoin’s (BTC) security. Buterin outlined two reasons why he is concerned about the security of Bitcoin in the future to Bloomberg columnist Noah Smith in the interview conducted over email, published on September 2. Buterin is concerned that the fees alone will not be enough incentive for miners to safeguard the network.

It is important to keep in mind that the only time miners who validate transactions or blocks will be eligible to collect transaction fees as rewards is when all of the Bitcoin has been mined. Buterin argues that it is very improbable that the Bitcoin network will be able to earn the amount of fee income necessary to keep the system running. Second, Buterin claims that the Proof-of-Work (PoW) consensus process has a vulnerability.

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2022-09-03 06:05:02 Helium Sinks 15% Following Proposed Move to Solana

Helium could be set for a major change soon, as the core developers of the crypto-powered wireless network want to move from its own blockchain to Solana. But if Helium’s token price is any indication, investors and users may not be fully onboard with the ambitious plan.

Helium’s native HNT cryptocurrency has fallen about 15% since the Solana migration governance proposal was announced on Tuesday afternoon, per data from CoinGecko, dropping to a current price of $4.75 per token. It only continues a recent trend of downward action for Helium’s HNT, which is currently the biggest loser among the top 100 coins ranked by total market cap. It’s now down about 11% over the past 24 hours, 32% over the past seven days, and a whopping 47% over the last 30 days.

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2022-09-02 21:35:08 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.

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2022-09-02 17:17:02 ​​Advocates Fear Another New York With California Crypto Bill Passage -Link

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2022-09-02 17:13:13 For the first time in months #ETH broke falling wedge in the right direction!

The local targets are on the chart, most likely the price will pump there before the merge

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2022-09-02 16:18:02 ​​OpenSea Introduces Polygon Support on Seaport

The leading marketplace for non-fungible tokens, OpenSea, announced support for polygon on Seaport. NFT marketplace giant OpenSea announced support for the layer-2 blockchain Polygon on its new Web 3 protocol Seaport. The integration comes with an expanded list of features, including the ability for users to use Polygon’s MATIC as a payment option.

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2022-09-02 15:17:02 ​​US Investigates Binance on Allegations of Money Laundering -Link

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2022-09-02 14:25:08 FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ

The Financial Accounting Standards Board (FASB) will not include NFTs and some stablecoins in its crypto accounting review, The Wall Street Journal reported on Aug. 31, citing sources. According to the report, the FASB rule will cover digital assets that are intangible, fungible, and don’t carry any contractual rights to cash flow. NFTs will be excluded from the rule because they are nonfungible and sometimes carry rights to underlying goods and services, while some stablecoins are tangible assets. Companies and investors holding digital assets have repeatedly clamored for more clarity on accounting for crypto assets in their portfolios.

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2022-09-01 22:14:24 Iran approves the use of Bitcoin and cryptocurrency for imports and trading goods

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