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Ethereum (ETH)

E-commerce Giant MercadoLibre Launches its Own Cryptocurrency MercadoCoin in Brazil

On August 18, MercadoLibre Inc, a multinational e-commerce company based in Latin America, announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in its loyalty program. As reported by Reuters, the cryptocurrency will run on the Ethereum network as an ERC-20 token priced at $0.10 each. It will be used primarily for cashback and purchases inside MercadoLibre’s platform. The developer team also hinted at opening the token to the secondary...

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JPMorgan Claims Bigger Revenue Opportunity for Coinbase With Ethereum Staking

Analysts of prominent investment bank JPMorgan believe that Coinbase will be meaningfully benefitted from the upcoming Merge. In a note to the clients on Wednesday, analyst Kenneth Worthington said that the San Francisco-based crypto exchange has taken concrete measures in a bid to maximize the value of ETH staking for its clients. This is expected to result in higher revenue generation itself. Worthington asserted, “We see the staking revenue opportunity bigger...

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Vitalik Buterin and Ripple’s CTO Engage in Twitter Spat Over XRP

While Ripple execs claim that the company has been unfairly treated by the SEC, Ethereum frontman Vitalik Buterin hasn’t been exactly silent either. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.” The latest feud also started with a discussion of new regulatory changes in Canada with Ontario-based crypto exchanges – Bitbuy and Newton – imposing a 30,000 CAD annual “buy limit” for “restricted coins” for their users to...

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Coinbase CEO Would Shutdown ETH Staking Service if Asked to Bend to Regulators

Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol.  If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the centralization of staked ETH. According to Dune Analytics, 66% of ETH staked on the beacon chain is held by entities that are regulated...

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BAYC Sales Soar 100% Overnight as Ape #5383 Sells For $1.45 Million

Bored Ape Yacht Club saw a considerable increase in its overall sales volume and the number of traders for the past 24 hours. This happens as Bored Ape #5383 was sold for 777 ETH, worth some $1.45 million at the time of this writing. Bored Ape Yacht Club is arguably the most popular collection of non-fungible tokens and surely the one with the highest floor price. At the time of writing this article, the floor price sits at 72 ETH. Data from DappRadar shows that over the past...

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Staked ETH at New All-Time Highs in Anticipation of September’s Merge

Ethereum sent to the ETH 2.0 staking contract continues to gradually increase, despite the asset’s price movements. This comes just a month or so before the Merge is supposed to take place, according to the development team. As data from Dune Analytics shows, the number of ETH sent to the staking contract has exceeded 13.2 million, while the unique depositors are just under 80,000. The graph below demonstrates the gradual increase of ETH locked in the staking contract and...

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Sequoia-backed Finblox Launches Pool Party, Allowing Users to Earn Free Crypto Prizes

[PRESS RELEASE – Please Read Disclaimer] Finblox, a popular Hong Kong-based crypto earnings platform – recently announced the launch of their “FinSwap” and “Pool Party” products, marking an ambitious expansion from their “FinEarn” product which allowed users to buy and earn passive crypto rewards. FinSwap helps eliminate the problem of cross-platform fees, as most crypto swaps are required to be conducted on a decentralized exchange (DEX) before being transferred over to a...

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Asset Manager Monochrome Receives Approval to Launch Spot Bitcoin ETF in Australia

Digital asset manager Monochrome has received regulatory approval from the Australian securities watchdog to offer spot crypto exchange-traded funds (ETFs). According to an official announcement, Monochrome is one of the first asset management firms to secure an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs. Monochrome Bitcoin ETF The firm noted that the products, dubbed the Monochrome...

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The Merge Will Rally Ethereum Like a Bitcoin Halving: Arthur Hayes

In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles.  The Theory of Reflexivity In an article titled “ETH-flexive,” Hayes centers his bullish thesis around George Soros’s “theory of reflexivity.” The theory...

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Ethereum Name Service (ENS) Domains Exceed 2 Million After Record-Breaking July

Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly names. The not-for-profit naming system is powered by the Ethereum blockchain,...

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