[ad_1] The long-awaited update for Ethereum called The Merge is planned to take place by the end of the year. In the aftermath of the Merge, when the current Ethereum Mainnet merged with the beacon chain proof-of-stake (PoS) system, Vitalik Buterin, the co-founder of Ethereum (ETH), declared that he is "absolutely" concerned about centralization threats. The mastermind behind Ethereum pointed out that Lido Finance, the biggest Ethereum staking service provider,
[ad_1] Connecticut House of Representatives member Jim Himes has released a proposal aiming to start a dialogue on the United States potentially launching a central bank digital currency, or CBDC.In a white paper released on Wednesday, Himes urged Congress to begin exploring the rollout of a digital dollar issued by the Federal Reserve to prevent the government from falling behind in innovations in financial technology. According to the U.S. lawmaker,
Support With Your Feedback Go Here- https://www.mygov.in/group-issue/commentssuggestions-invited-existing-virtual-currencies-framework/ My Facebook ID ... source
[ad_1] On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum Layer 2, announced that it would be moving to a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus for its V4 update. The firm cites the Cosmos blockchain's decentralization and performance as reasons for being a "best fit" for building dYdX for V4.Currently, the existing dYdX protocol processes about 10 trades per second and
[ad_1] Bitcoin (BTC) has been trying to break out of a descending trend for the past week and the first attempt on June 16 failed to break the $22,600 resistance. The second attempt to $21,400 on June 21 was followed by a 8% price correction. After two failed breakouts, the price currently trades below $20,000 and raises questions on whether $17,600 was really bottom.Bitcoin/USD 4-hour chart at Coinbase. Source: TradingViewThe
[ad_1] eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles.According to a press release on Wednesday, Manchester-based KnownOrigin has been purchased for an undisclosed amount. The firm enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. KnownOrigin co-founder David Moore in a statement said
[ad_1] Ask someone what an NFT is, and they'll instinctively think of digital art — the CryptoPunks, Bored Apes and Ether Rocks that have sold for eye-watering sums.In some circles, nonfungible tokens have been dismissed as a vehicle for speculation, with critics lamenting that demand for such assets is fueled by greed.But this argument doesn't give us the full picture. We're barely scratching the surface of what these one-of-a-kind tokens
[ad_1] Blockchain analytics firm Chainalysis has launched a reporting hotline for incidents of hackers demanding cryptocurrency payments from platforms or companies.In a Wednesday blog post, Chainalysis said its "Crypto Incident Response" hotline would operate 24/7 for victims of a “hack, ransomware attack, code exploit or flash loan attack” in which “cryptocurrency funds are either demanded or stolen.” The company attributed the launch of the reporting service on crypto-related ransomware attacks presenting
CryptoTamil Indian foreign minister Sushma Swaraj explained, “We cannot have any trade in cryptocurrency as it is banned by the Reserve Bank of India. source
[ad_1] As part of a new series of connect-to-consumer initiatives developed this year, Shopify will allow merchants to connect with fans and drive sales by creating exclusive merchandise for tokenholders. The initiative, dubbed "tokengate," is available in early-access beta mode. Tokengated ExperiencesReady to give superpowers to your most loyal fans?Build even stronger communities around your brand and reward your people by unlocking exclusive shopping experiences. Think limited-edition merch drops, discounts,
