Coins

Why Upcoming Ethereum Merge May Crash ETH Prices?

June 8th, 2022

Ethereum merge is simply the transition of the network’s current system of proof-of-work (PoW) to proof-of-stake (PoS). After the Merge, rewards will go to stakes instead of miners. The PoS system uses around 99% less energy than PoW. A DeFi Educator, who goes by the name “korpi87″ on Twitter, has given an analysis on the…

Chainlink Introduces Staking Mechanism and Roadmap, LINK Up 12 percent As Whales Capitalize

June 8th, 2022

Oracle service provider Chainlink has unveiled a new economic roadmap for the platform by introducing the much-awaited staking mechanism to the blockchain. In the announcement, Chainlink said that the staking mechanism will introduce operational efficiencies of its oracle network and the blockchain. Simultaneously, it will reward all the LINK investors. Besides, Chainlink also unveiled the…

Terra Whales Dumped Onto Retail During Crash, Report Shows

June 3rd, 2022

A report shows that several large Terra holders exited their positions, while retail holders kept accumulating early into the crash. Jump Capital- a major investor in Terra- said in a report that some of the blockchain’s largest holders had liquidated their holdings just as the UST stablecoin began to deepen in early-May. In contrast, smaller…

Singapore’s Central Bank, DBS, JPMorgan Collaborate to Explore Uses of Digital Assets, Defi

June 2nd, 2022

The Monetary Authority of Singapore (MAS) has partnered with major banks and financial services companies to explore the uses of asset tokenization and decentralized finance (defi). DBS Bank and JPMorgan will pilot the first project. Project Guardian Launched The Monetary Authority of Singapore (MAS), the country’s central bank, announced Tuesday that it has partnered with…

Terra’s Do Kwon Building New Stablecoin, Says Insider

May 31st, 2022

Terra founder Do Kwon could launch a new decentralized stablecoin on Terra 2.0, a self-proclaimed insider said on Tuesday. The claim was made by an active participant on the Terra governance forums, who goes by the moniker FatMan. They said that a “verified insider” told them that Kwon is currently designing a new decentralized stablecoin…

Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3

May 30th, 2022

The average Ethereum network fee has dropped to the lowest value recorded in over ten months after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time Ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the…

Chamber of Representatives in Paraguay Advances Crypto Bill

May 27th, 2022

Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be passed to the Senate to…

Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z

May 25th, 2022

The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says the project’s efforts provide a “brilliant financial mechanism that creates…

Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’

May 24th, 2022

Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched A number of crypto firms have joined forces and launched a new,…

Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus

May 18th, 2022

Cloudflare, internet services and DDoS protection company has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and consistency…