The highly anticipated Merge upgrade in September 2022 marked a significant milestone for Ethereum. With this upgrade, Ethereum transitioned from the energy-intensive proof-of-work (PoW) consensus mechanism to the more sustainable proof-of-stake (PoS) model. While this upgrade promised improved scalability and reduced energy consumption, it also brought unforeseen challenges in terms of compliance with regulatory standards.
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The world of cryptocurrency is ever-evolving, and major players often make significant changes to their business strategies to stay ahead. In a recent development, Binance, one of the leading crypto exchange platforms, announced the sale of its entire Russia business to a newly launched platform called CommEX. This move has raised eyebrows and sparked discussions
The Ronin Name Service (RNS) is set to revolutionize the way users engage with blockchain games by introducing human-readable addresses. Built on the Ronin blockchain specifically for Axie Infinity, RNS aims to make blockchain addresses more user-friendly and accessible to all. Traditional blockchain addresses are long and complex strings of characters, posing a significant usability
In a recent report, Bloomberg analyst Jamie Coutts reveals that the interest of asset managers in Bitcoin goes beyond exchange-traded funds (ETFs) and extends into the mining sector. This raises questions about the motivations and implications of such investments. It seems that major asset management firms, including BlackRock, Vanguard, and State Street, have been involved
The U.S. Securities and Exchange Commission (SEC) has once again deferred its decision on a major spot Bitcoin exchange-traded fund (ETF), causing further delay and uncertainty for investors. The SEC’s filing on Sept. 26 acknowledged the proposal for the approval and listing of the ARK 21Shares Bitcoin ETF by Cboe BZX. While the filing was
The recent approval of BlockFi’s liquidation plan by the United States Bankruptcy Court in New Jersey signifies a significant milestone for the customers of the bankrupt cryptocurrency lending platform. The decision, made by Bankruptcy Judge Michael A. Kaplan, brings them one step closer to potential repayment for their investments. This article explores the details of
PEPE, the embattled meme coin, has shown some signs of recovery after reaching a three-month low on September 17th. However, the recent 16% bounce has encountered strong resistance, leaving traders uncertain about the future direction of PEPE. The next move could determine whether the coin continues its upward trend or experiences another decline. In addition,
HTX global adviser Justin Sun recently announced the creation of a secure asset fund for users (SAFU) following an exploit on the exchange’s hot wallet, resulting in a loss of $7.9 million on September 24. This fund serves as a financial safety net, aiming to reimburse investors in the unfortunate event of asset losses due
Maker DAO’s MKR token has experienced a significant boost amidst a slight uptick in the broader cryptocurrency market. Despite the struggle for most tokens to recover, MKR has consolidated its upswing with an impressive 5% 24-hour increase. With MKR currently trading at $1335, it is poised to conquer the critical resistance level at $1,350. This
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) is undeniably one of the most significant lawsuits in the cryptocurrency industry. Its outcome carries immense weight, as it has the potential to shape the country’s stance on cryptocurrencies and establish a vital precedent. However, the resolution of this case remains
