Crypto news

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Now that Ethereum has completed its Merge and gone from a proof of work (PoW) module to proof of stake (PoS), many environmental groups want bitcoin to do the same. Several have formed together to establish an initiative called “Change the Code, Not the Climate” as a means of pushing bitcoin more towards less energy-intensive methods of extracting units. Change the Code Seeks to Change BTC Forever $1 million has been spent on the Change the Code campaign. Greenpeace is also launching a new...

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This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) conducted an 8-month trial on different technologies and central bank digital currencies (CBDCs). It determined that such monetary products could take part in the global financial ecosystem and assist cross-border payments. The CBDC Experiment Earlier this year, SWIFT launched a program whose purpose was to link different CBDCs systems and thus ease the difficulty in cross-border settlements. Back then,...

Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history.  An attacker has reportedly hacked another BNB chain user for 2 million BNB, worth $600 million.  Another DeFi Catastrophe According to BNB Chain on Twitter, the “temporary” pause is due to “irregular activity,” and a “potential exploit.” “All systems are now contained, and we are immediately investigating the...

The world’s largest cryptocurrency platform – Binance – received a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) to operate a digital asset platform and provide custodial services in the country. Earlier this month, the company and the Kazakhstani monetary regulators signed a Memorandum of Understanding (MoU) to create a safe environment for domestic crypto investors and diminish crime in the sector. Two months ago, Binance obtained in-principal...