Ethereum – Page 54

Should ETC traders tighten their fists after Merge >$20M liquidations

After a successful Ethereum [ETH] Merge, Ethereum Classic [ETC] traders continued in their quest to profit from the market. However, it seemed that the outcome had been disastrous after there was over $880 million liquidated in less than five hours. This may not have been what ETC traders expected but as beauty would have it, it was the case. This occurrence might serve as a second blow to ETC traders as the price failed to increase significantly after the ETH...

Shiba Inu ($SHIB) Lead Developer Says the Team Is Focused on Partnerships and Not Hype

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu ($SHIB), says that although he doesn’t believe the popular crypto project will ever lose hype, it is not something that the team has ever focused on. Here is what Binance Academy says about Shiba Inu: “Shiba Inu (SHIB) is a dog-themed meme...

Did SEC Chair Indirectly Revealed Its Stance On Ethereum?

Gary Gensler, U.S. Securities and Exchange Commission (SEC) Chair on Thursday testified in front of the Senate Banking Committee. He went on to save the commission’s take over the digital assets. However, amid answering the Senate’s queries, SEC Chair went on display his stance on the world’s second largest crypto, Ethereum.

SEC chair targeting ETH?

Eleanor Terrett, a Fox Business journalist in a tweet suggested that SEC’s Gary Gensler indirectly revealed his take over Ethereum. This big development...

SEC Chair Warns That Merge Update Might Turn ETH Into A Security

While the world was watching the Ethereum blockchain undergo the most important transition to Proof-of-Stake (PoS) on Thursday, SEC chair Gary Gensler also had all ears to the developments. Soon after the Merge event on Thursday, September 15, SEC chair Gary Gensler said that crypto assets and intermediaries that allow users to “stake” will have to pass the Howey Test to determine whether that asset is a security or not. The Howey test determines whether the investors expect a return...

Celsius: Why a 30% surge doesn’t mean anything concrete for CEL investors

Celsius [CEL] has been in the news and it has a new update with regards to its hearings. Judges on the company’s bankruptcy lawsuit have allowed for an independent examiner to investigate the case. The examiner will be selected by the United States Trustee’s Office, a Department of Justice institution in charge of bankruptcies. On a related note, Celsius also put out a tweet on 15 September. The tweet stated that Celsius would...

Interest in Ethereum Classic ($ETC) and in a Little-Known Altcoin Explodes After Ethereum Merge

On September 15 at 06:42:42 UTC at block 15537393, the Ethereum mainnet merged with Ethereum’s Beacon Chain to complete the widely-anticipated Merge upgrade. The move marked the network’s transition to a Proof-of-Stake consensus protocol, and led to surging interest in Ethereum Classic ($ETC) and a little-known altcoin. Ethereum...

U.S. Treasury Sanctions Russian Paramilitary Group’s Crypto Wallets

Key Takeaways

The U.S. Treasury has sanctioned several crypto addresses tied to Task Force Rusich, a Russian paramilitary group. Five addresses belonging to the group were sanctioned; those addresses hold Bitcoin, Ethereum, and USDT. Task Force Rusich is considered an extremist Neo-Nazi group and has been accused of atrocities against soldiers.

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The U.S. Treasury has sanctioned five cryptocurrency addresses tied to an extremist Russian paramilitary group.

Russian Extremist Group Faces Sanctions

A Russian extremist group has had its crypto wallets sanctioned.On September 15,...

SHIB burn rate spikes ~3000%, but is there room for any further growth in price

SHIB’s burning mechanism continues to see new heights, and at the time even reaching rates in the four-digit mark. Different aspects ranging from buying sprees given the discounted prices to the latest upgrades in its ecosystem aided the token’s growth. But is there any difference this time around?

Burn…Burn…Burn

Shiba Inu, the meme crypto, witnessed its renowned token-burning campaign hit a new burn rate high in the 48-hour timeline. At press time, the token burned close to 200 million coins following...

Battle For Top Ethereum Proof Of Work Hard Fork Token

The battle for pole position in Ethereum’s proof of work based hard forked token is underway post The Merge. Within few hours after the successful completion of the Merge, it appears that two separate tokens are vying for support. While Ethereum’s transition to proof of stake was a historic event for crypto, the fight between ETF and ETHW is underway. ETF stands for EthereumFair while ETHW represents Ethereum that operates on proof of work (PoW).

ETHW Spot Trading

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Crypto Prices To Follow Suit?

At a time when the crypto ecosystem went through one of the most sought after upgrades, the stocks are falling. On Thursday, everything seems to be on the downward curve while cryptocurrencies already were down after The Merge completion. All asset classes, including stocks, bonds, crypto and commodities are falling in values currently. The Nasdaq composite index is down over 1% as of writing. This seems to have a ripple effect on the crypto market too, with Bitcoin (BTC)...