Ethereum (ETH)

On September 13, the U.S. Treasury Department published a guide with a series of steps for U.S. citizens to follow in order to withdraw their funds from Tornado Cash. Tornado Cash was a mixing service shut down on August 8 by the U.S. Treasury Department. This happened after investigations showed that the platform was used to launder money thanks to its transaction obfuscation features. Users Must Apply For a License to Withdraw Funds Per the Treasury Department’s guidelines,...

In the final days leading up to Ethereum’s historic “Merge,” the largest American cryptocurrency exchange has provided some insight into the risks associated with the upgrade.  Coinbase’s Senior Protocol Specialist Ben Rodriguez explained that the Merge may come with technical and operational risks, alongside risks for miners and dapp users. Risks of the Merge Per Rodriguez’s latest post, the merge will be “the most technically complex upgrade to have ever happened in...

The once notoriously high yields provided by crypto lending services are now struggling to compete with more traditional, safer options. While yields for 3-month treasury bills slowly rise, AAVE’s lending rates on USDC have slumped massively since May. Rates for the two products have now crossed one another, meaning government debt is offering a better payout than its decentralized competition. High Risk, Low Reward? According to data provided by Bloomberg and Aavewatch, USDC...

Bitcoin isn’t doing too well as of late. The world’s largest digital currency by market cap has fallen from its November all-time high of approximately $68,000 per unit to the low $20K range at the time of writing, and it doesn’t look like it’s going to pick up steam anytime soon, but according to Jesse Powell – the CEO of crypto exchange Kraken – the asset shouldn’t be discounted, and he’s continuing to buy new units whenever he can. Jesse Powell on Bitcoin: It’s Still...

The Consumer Price Index numbers for August are in, and, as always, this caused major volatility within the cryptocurrency markets. At the time of this writing, Ethereum, as well as Bitcoin, are charting initial declines. The US Bureau of Labor Statistics just updated the numbers for the Consumer Price Index for August and they are slightly above expectations. The August inflation locked in at 8.3%, which is 0.2% higher than what experts expected. This represents a 0.1%...

Ethereum price started a major increase above the $1,700 level against the US Dollar. ETH price is now trading above $1,640 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,650 on the 4-hours chart (data feed from Coinbase). The pair could rally further if it clears the $1,800 resistance zone. Ethereum price is rising above the $1,640 level against the US Dollar. ETH/USD could rise further if it clears...

Ethereum’s pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender – Hodlnaut. The Singapore-based company was one of several firms in the crypto industry that succumbed to the pressures of the downturn after the collapse of Terra ecosystem tokens. According to a new report, Hodlnaut has warned of risks to its assets if the Merge fuels a “bout of volatility in virtual coins.” As such, sudden price movements in...

Sam Padilla – a Web3 Customer Engineer at Google – said the world’s largest search engine launched a countdown clock that shows when exactly Ethereum’s Merge will be complete. The second-biggest cryptocurrency protocol is on its way to shifting from Proof-of-Work (PoW) to Proof-of-Stake (PoS), something unseen in the industry so far. The move is expected to be finalized on September 15. Ethereum’s shift to PoS, known as “the Merge,” has gathered significant attention as many...

There are more hotels around the world willing to accept crypto for room stays and additional payments. It looks like the worlds of digital currency and hospitality are coming together once and for all as more resorts have opened their hearts to the assets. Hotels and Crypto… A Perfect Match! The moves are pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins...

Mit dem „Merge“ genannten Umstieg der Ethereum-Blockchain auf ein neues Validierungsverfahren wird ein großer Teil der Kryptowirtschaft nachhaltiger – und leistungsfähiger. Es wird nicht nur ein gewaltiger Energieverbrauch abgeschaltet. „Das Ethereum-Netzwerk wird wesentlich schneller und günstiger“ sagt Hartmut Giesen, Krypto-Experte bei der Hamburg Sutor Bank. „Ether kann deshalb mittelfristig den Bitcoin als wichtigste Kryptowährung ablösen.“ Das zeigen auch die Transaktionszahlen....