Author: CMN

The market capitalization of all staked crypto assets reaches almost $95 billion, with ETH and SOL leading the pack. Ethereum (ETH) takes the trophy for the most staked crypto asset following the successful Merge of the Beacon Chain consensus layer with the Ethereum execution layer on Sep. 15, 2022, information from StakingRewards.com reveals. The network with the second-highest staking transaction market cap is Solana, with $12.7 billion. Hot on its heels is Cardano with over $11 billion, Binance Smart Chain with over $5 billion, and Avalanche with about $4.6 billion in locked assets. Rounding off the top ten blockchains are Polkadot, Cosmos Hub, Tron, Polygon, and Near Protocol. Of the top ten staked cryptocurrencies by…

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Bitfarms finally turned on the Bitcoin (BTC) mining equipment for the primary time at midday this Friday, September 16 and, on this approach, its introduced mega-farm is now formally working in Córdoba The corporate specified that the agency will contribute, in principle, 10 MW of power, to the service of the network. The facilities, positioned within the heart of the country -specifically within the city of Rio Cuarto, will multiply their mining energy over time.  By 2023, the Canadian firm -whose founders are Argentinean- intends to achieve 50 MW, so as to contribute about 2.5 exahashes to the computing power of the Bitcoin network. Bitfarms:…

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Following the Ethereum Merge, Dogecoin now only trails Bitcoin as the largest proof-of-work cryptocurrency. Meme-inspired cryptocurrency Dogecoin (DOGE) is now officially the second largest proof-of-work crypto in terms of market cap, following the Ethereum network’s proof-of-stake (PoS) upgrade on Thursday.  Bitcoin (BTC), after all, remains miles ahead of Dogecoin’s market cap of $7.83 billion, although the well-followed memecoin is still comfortably forward of the third place PoW cryptocurrency Ethereum Classic (ETC) with a market cap of $4.69 billion, Litecoin (LTC) at $4.01 billion and Monero (XMR) at $2.65 billion. Ranking of PoW-Based Cryptocurrencies by Market Cap. Source: CoinMarketCap One Dogecoin fan appeared to be…

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The number of Indian users on cryptocurrency exchange Binance has soared after the Indian authorities began levying taxes on crypto transactions. In the meantime, daily trading volumes at some main India-based cryptocurrency exchanges are down over 90% because the new tax guidelines took impact. Binance Sees Record Number of Indian Users The number of Indian user sign-ups soared on global crypto exchange after a 1% tax deducted at source (TDS) went into effect in July, Bloomberg reported Tuesday. The number of Binance app downloads in India jumped to 429,000 in August, the publication added, noting that this number is the highest this…

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As expected by Senate laws, the director of the US Commodity Futures Trading Commission (CFTC), Rostin Behnam, stated that he has already approved his company to start getting ready to be the first and absolutely financed regulator for a significant portion of the cryptocurrency industry. In listening to that’s scheduled to happen on September 15, Behnam is anticipated to tell those who are members of the Senate Agriculture Committee:  “The volatility in the market, and its influence on retail clients – which can only worsen underneath current macroeconomic situations – emphasizes the quick want for regulatory readability and market protections,” according to…

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Someone paid a whopping 36 ETH to make history by minting the very first NFT on Ethereum after its transition to proof-of-stake. When the Ethereum network switched to a Proof-of-Stake consensus technique, it underwent its biggest upgrade in history. Following that, customers begin arising with inventive strategies to recollect the event and contribute to its history. On this occasion, a consumer spent over a whopping 36 ETH, or practically $60K at the present price rate, to create the first-ever non-fungible tokens on the Ethereum network’s PoS platform The Ethereum network went through its largest upgrade in history, transitioning to a…

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The Ethereum Merge has formally taken place, marking the total transition of the network to proof-of-stake (PoS). The Ethereum proof-of-stake consensus mechanism will minimize energy consumption by a massive 99.95% in comparison with the proof-of-work system. On Sept. 15 at 06:42:42 UTC at block 15537393, the long-awaited Merge saw the merging of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer on the Terminal Total Difficulty of 58750000000000000000000, which means the network will now not rely on a proof-of-work (PoW) consensus mechanism. Ethereum (ETH) price will get a slight pump following the Merge in hourly metrics, currently trading at around…

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BNB Chain ecosystem participants are set to have access to Google Cloud services in a newly formed collaboration. Binance’s smart contract blockchain platform BNB Chain has partnered with Google Cloud to bolster Web3 and blockchain startups. Startups which are at present building products and services on the BNB Chain blockchain will also be able to build on Google Cloud’s scalable, safe and open source infrastructure. It will see over 1,300 active, BNB Chain-based decentralized applications (DApps) from the world of decentralized finance (DeFi), Metaverse, blockchain games and nonfungible tokens given entry to the tools and infrastructure provided by each platform. These tasks…

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The main responsibility of JPMorgan’s new employees will be to concentrate on rising tech such as the Metaverse. The American banking giant – JPMorgan Chase – is in search of a Vice President (VP), Funds Enterprise Development Supervisor, to join its Technology, Media, and Telecom West Coast Payments Team to be a part of the Web 3, Crypto, Fintech, & Metaverse division. JPMorgan’s latest push toward the digital asset trade could be considered a surprise since its CEO – Jamie Dimon – is a fierce critic of bitcoin. Hiring a Crypto Person Based on a LinkedIn job offering, JPMorgan needs to…

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With a total search rating of 377, Singapore is the top-ranked nation amongst countries within the Ethereum blockchain’s upcoming The Merge, new Coingecko research has found. The identical research additionally discovered that among the many high eight ranked international locations, proof-of-work (PoW) associated searches are 169% greater than PoS (proof-of-stake) searches. Ethereum Merge Searches In accordance with new Coingecko research seeking to find out the international locations most within the Ethereum Merge occasion, Singapore tops the checklist “with a complete search rating of 377.” The nation was discovered to have the highest search ranges for the phrases “Ethereum Merge,” “ETH Traditional,” and “Ethereum”…

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New report by Nansen delves into the distribution of staked ETH, respective holders and potential ramifications as The Merge looms. A report from blockchain analytics platform Nansen highlights 5 entities that hold 64% of staked Ether (ETH) ahead of Ethereum’s highly anticipated Merge with the Beacon Chain. Ethereum’s shift from proof-of-work to proof-of-stake is ready to happen within the coming days after final updates and shadow forks have been accomplished in early September. The important thing element of The Merge sees miners now not used as validators, changed by stakers that commit ETH to maintain the community. Nansen’s report highlights that simply…

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In accordance to a new post on Monday, Starbucks says it will offer its U.S. members the ability to earn and buy digital collectible stamps within the form of nonfungible tokens, or NFTs. Dubbed “Starbucks Odyssey,” every collectible digital stamp has its ownership verified on the blockchain and can embrace some extent worth based on its rarity. As more stamps are collected, members’ points will increase, unlocking entry to unique experiences. The nonfungible tokens, or NFTs, are minted on a proof-of-stake blockchain built by Polygon. The iconic coffee chain says that rewards vary from receiving a digital espresso martini-making class to accessing unique merchandise…

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The Indian crypto exchange WazirX was under investigation by local authorities for cash laundering allegations which induced a freeze on over $8.1 million in bank account funds. The Enforcement Directorate of India (ED) unfroze the bank accounts of the Indian crypto exchange WazirX, according to a press release from the exchange released on Monday. WazirX says it has been cooperating with local authorities throughout their Anti-Money Laundering (AML) investigation by offering all the needed paperwork and details requested. The investigation focused 16 fintech firms and instant loan apps, a few of which solicited providers from the exchange. The exchange, however, said it…

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The venture arm of crypto exchange FTX is ready to accumulate 30% of another investment firm SkyBridge Capital, the companies revealed Friday. SkyBridge, founded by Anthony Scaramucci in 2005, will use a part of the proceeds to purchase $40 million in cryptocurrencies for its company balance sheet as a long-term investment, with the remaining set aside to fund new initiatives. An SEC-registered investment adviser, SkyBridge managed roughly $2.5 billion, as of June 30, including about $800 million in digital assets. Scaramucci known as FTX CEO Sam Bankman-Fried a “visionary” in a statement, noting that the enterprise will stay a diversified asset management firm that invests…

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Singapore’s leading Bank DBS Bank has inked a partnership with Sandbox to increase its banking experience into the metaverse. DBS announced that the deal will see to the creation of DBS BetterWorld on a 3×3 plot of LAND. The metaverse expertise might be an additional engagement platform for purchasers visiting the Sandbox. Sandbox Co-Founder Sebastien Borget stated that the partnership will assist recreate the tradition of Singapore into the metaverse. Borget added: “We welcome DBS to The Sandbox as the first bank in Singapore to step into the open metaverse and join our efforts to create the SingaporeVerse, a neighbourhood on our digital map that may…

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A high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate International crypto payments. His proposal comes after key regulators in Moscow stated that Russia wants to permit the usage of cryptocurrencies in foreign trade, now that it’s having to cope with severe financial restrictions. Financial Market Committee Chair Suggests Adopting Laws for Russia’s Crypto Payments Anatoly Aksakov, head of the Financial Market Committee on the State Duma, considers it necessary to provide cross-border settlements in cryptocurrency with a regulatory framework. The lower home of the Russian parliament is predicted to…

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Cardano (ADA) is seeing buying from whales or large holders because it at present ranks among the top 10 purchased assets in trading quantity among the 2,000 largest BSC whales. ADA’s value is at present up 2% at $0.468 in the last 24 hours. The present buying by giant investors is but to translate into the large price gains for ADA because of what Cardano founder Charles Hoskinson says is “macro issue dominance.” In keeping with the Cardano creator, “Cardano has never been stronger and albeit, many different projects are additionally stable throughout the business, but you do not see…

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Polygon plans on ramping up its hiring by increasing its employees complement by as much as 40% throughout an ongoing crypto winter. Polygon (MATIC), an Ethereum (ETH) scaling and infrastructure platform, is planning to extend its workforce by 40%, or around 200 people, Bloomberg has reported. Headquartered in Dubai, Polygon now employs approximately 500 individuals working full-time around the globe. The corporate says it’s seeking to rent workers in different capacities, part-time and full-time included. “Overall, tech talent is troublesome to rent even if it’s a Web2 organization. It’s troublesome to rent the standard expertise you want, particularly as Web3 skills is one thing that’s still…

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The Korean subsidiary of Renault, a historic brand in the automotive business, is establishing a partnership with The Sandbox, an Ethereum-based metaverse platform, to enter the metaverse space. With this partnership, Renault Korea’s goal is to ascertain its model presence within the metaverse and to current Renault-based digital automotive experiences to customers. Renault to entering Metaverse Via the Sandbox Renault, one of the biggest automotive corporations in the world, has signed a partnership with The Sandbox to be present in its virtual metaverse world. The Korean subsidiary of the group might be responsible for this, establishing the brand presence in the space…

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A significant share of Bitcoin (BTC) investors have recorded losses because the flagship cryptocurrency’s price continues to appropriate additional below the crucial $20,000 stage. Nonetheless, regardless of some buyers nursing the ache of the continued crash, information indicates that a large share of holders is still in profit. In this line, as of September 7, 47% of Bitcoin holders stay in profit at the present price whereas the majority at 52% are in a loss, data by TipRanks indicates. Bitcoin analysis The number of holders in profit may be considered significant, considering Bitcoin has corrected by about 59.95% in 2022. At the same…

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