Ethereum Testnet Processes First ETH Staking Withdrawals The upgrade on the Zhejiang testnet was the first of three dress rehearsals for the much anticipated Shanghai hard fork. An Ethererum test network (testnet) successfully simulated withdrawals of staked ether (ETH) for the first time, bringing the second-biggest blockchain yet another step closer to its historic transition to a fully featured proof-of-stake network. The upgrade was triggered at epoch 1350 at 15:00 UTC and finalized at 15:13 UTC. (10:13 a.m. ET). The testnet, known as Zhejiang, facilitated the withdrawal simulations early Tuesday after going live last week, according to an explorer website set up to track transactions on the system. The test network is designed to provide developers with a dress rehearsal of the withdrawals similar to those that will happen on the main Ethereum blockchain following its long-awaited Shanghai upgrade, expected next month. "On the Zhejiang testnet, partial and full withdrawals as well as BLS changes are included in the execution payload," Barnabas Busa, a DevOps engineer at the Ethereum Foundation, told CoinDesk. "We have a successful fork." BLS changes allow people to change their withdrawal credentials to properly process staked ether withdrawals. Zhejiang is the first of three testnets to run through a simulation of Shanghai. Testnets duplicate the main blockchain, and allow developers and users to test any code changes to their applications in a low-stakes environment. The next testnet upgrade will happen sometime in the next few weeks to Sepolia, followed by Goerli. Full Article: https://www.coindesk.com/tech/2023/02/07/ethereum-testnet-successfully-processes-first-ever-eth-staking-withdrawals/
Ethereum Testnet Processes First ETH Staking Withdrawals The upgrade on the Zhejiang testnet was the first of three dress rehearsals for the much anticipated Shanghai hard fork. An Ethererum test network (testnet) successfully simulated withdrawals of staked ether (ETH) for the first time, bringing the second-biggest blockchain yet another step closer to its historic transition to a fully featured proof-of-stake network. The upgrade was triggered at epoch 1350 at 15:00 UTC and finalized at 15:13 UTC. (10:13 a.m. ET). The testnet, known as Zhejiang, facilitated the withdrawal simulatio...
Crypto Market Will See A Bloodbath If Ripple Loses To SEC, Gasparino Says In recent days, a heated discussion has arisen between prominent journalist and Fox Business host Charles Gasparino and the Ripple / XRP community. Gasparino voiced that the US Securities and Exchange Commission (SEC) had legitimate reasons why they targeted and sued Ripple prior to FTX. Even Ripple’s legal counsel Stuart Alderoty took a stand and rejected the arguments, as Bitcoinist reported. Meanwhile, the Fox Business host did clarify that he has no idea who will win the lawsuit. He even admitted that the judge’s comments “initially indicated she would side with Ripple,” but at the same time, he warned that this was before the “whole SBF FTX implosion.” Ripple Victory Is Crucial For The Entire Crypto Industry In his two most recent tweets, Gasparino paints a dark future scenario for the broader crypto market and shared his view on what consequences the industry could face if the SEC wins against Ripple. Gasparino wrote via Twitter: "Crypto community sees a bloodbath if SEC prevails against Ripple in the form of more regs/oversight that will impact nearly every sector including the exchange biz given Gary Gensler’s desire to force registration of every coin but BTC." Read More: https://newsbtc.com/crypto/crypto-market-bloodbath-if-ripple-loses-to-sec/
Crypto Market Will See A Bloodbath If Ripple Loses To SEC, Gasparino Says In recent days, a heated discussion has arisen between prominent journalist and Fox Business host Charles Gasparino and the Ripple / XRP community. Gasparino voiced that the US Securities and Exchange Commission (SEC) had legitimate reasons why they targeted and sued Ripple prior to FTX. Even Ripple’s legal counsel Stuart Alderoty took a stand and rejected the arguments, as Bitcoinist reported. Meanwhile, the Fox Business host did clarify that he has no idea who will win the lawsuit. He even admitted that the judge...
OnePlanet integrates with Chainlink VRF OnePlanet, which happens to be an NFT launchpad and marketplace, in association with Derby Stars, which happens to be a horse-themed NFT project, has successfully incorporated Chainlink Verifiable Random Function (VRF) on the Polygon mainnet. With this process of incorporation having been done with the absolute top-of-the-line decentralized network, they now have gained access to an encroachment proof and auditable way of randomness, which is required in the boosting of Derby Star’s Randombox NFT reveals. This incidentally is readily available on the marketplace of OnePlanet. For all of the users, this turns out to be indeed very beneficial and convenient as they are able to authenticate the fact that they have an even playing field where the minting of the unique NFTs is concerned. Full Article: https://www.cryptonewsz.com/oneplanet-integrates-with-chainlink-vrf/
OnePlanet integrates with Chainlink VRF OnePlanet, which happens to be an NFT launchpad and marketplace, in association with Derby Stars, which happens to be a horse-themed NFT project, has successfully incorporated Chainlink Verifiable Random Function (VRF) on the Polygon mainnet. With this process of incorporation having been done with the absolute top-of-the-line decentralized network, they now have gained access to an encroachment proof and auditable way of randomness, which is required in the boosting of Derby Star’s Randombox NFT reveals. This incidentally is readily available on the...
A recap of Polygon on-chain milestones related to its prediction markets 2022 was a great year for Polygon and MATIC as far as partnerships and developments are concerned. The only letdown was the bearish market conditions. But can 2023 turn out more favorable on multiple fronts? The good thing is that Polygon can continue building on the achievements that it made last year. One particular development that may help investors is Bhavish Finance’s No-Loss prediction market feature for Polygon. It was among the key developments for the network this year and its latest update revealed important milestones for the network. According to the update, the total number of predictions soared above 1.2 million. This accounts for predictions related to cryptocurrencies, stocks, quests, and commodities. The update reported that the number of weekly active users surpassed the 1,100 mark after achieving healthy growth in the last two months. Full Article: https://ambcrypto.com/a-recap-of-polygon-on-chain-milestones-related-to-its-prediction-markets/
A recap of Polygon on-chain milestones related to its prediction markets 2022 was a great year for Polygon and MATIC as far as partnerships and developments are concerned. The only letdown was the bearish market conditions. But can 2023 turn out more favorable on multiple fronts? The good thing is that Polygon can continue building on the achievements that it made last year. One particular development that may help investors is Bhavish Finance’s No-Loss prediction market feature for Polygon. It was among the key developments for the network this year and its latest update revealed import...
Bitcoin Miners Powered Off as Winter Storm Battered North America Computing power on the Bitcoin network dropped about 40% over the weekend. Crypto miners across the U.S. powered down over the weekend as a powerful storm swept across North America. The bitcoin mining hashrate, a measure of computing power on the blockchain, dropped about 100 exahash per second (EH/s), or 40%, to 156 EH/s, between Dec. 21 and Dec. 24, data from BTC.com shows. It returned to about 250 EH/s as of Sunday. The practice, known as curtailment, is touted as a way for miners to help electricity grids. The miners' steady demand ensures power producers are bringing in revenue to offset costs, but they can power off when demand from other sources is high, such as during winter storms. The U.S. and Canada have been hit by an Arctic storm that sent temperatures as low as -50°F (-45°C) in the western U.S. state of Montana, according to the BBC, and covered western New York state with as much as 43 inches of snow. At least 37 people died as result of the storm, CNN reported. Foundry USA, the biggest mining pool in the U.S., lost more than half of its hashrate on Dec. 23 – the biggest loss of any major pool – according to statistics from information platform Mining Pool Stats. Foundry is owned by CoinDesk’s parent company, Digital Currency Group. Some of the U.S.’ biggest miners also curtailed operations. These included Riot Blockchain (RIOT) and Core Scientific (CORZ), which filed for Chapter 11 bankruptcy protection last Wednesday. In Texas, 99% of industrial-scale bitcoin mining load was turned off at 6 a.m. on Saturday, Lee Bratcher, founder and president of industry group Texas Blockchain Council, said in a LinkedIn post. Full Article: https://www.coindesk.com/business/2022/12/26/bitcoin-miners-powered-off-as-winter-storm-battered-north-america/
Bitcoin Miners Powered Off as Winter Storm Battered North America Computing power on the Bitcoin network dropped about 40% over the weekend. Crypto miners across the U.S. powered down over the weekend as a powerful storm swept across North America. The bitcoin mining hashrate, a measure of computing power on the blockchain, dropped about 100 exahash per second (EH/s), or 40%, to 156 EH/s, between Dec. 21 and Dec. 24, data from BTC.com shows. It returned to about 250 EH/s as of Sunday. The practice, know...
Bitcoin mining pool BTC.com reports $3M cyberattack BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services were unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of company and customer funds. occurred on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets. The mining pool’s parent firm, BIT Mining Limited, made the official announcement on Dec. 26. BIT Mining and BTC.com reported the cyberattack to law enforcement authorities in Shenzhen, China. The local authorities subsequently launched an investigation into the incident, collecting evidence and requesting assistance from relevant agencies in China. The efforts have already helped BTC.com recover some of the assets, the announcement notes. “The Company will devote considerable efforts to recover the stolen digital assets,” BIT Mining said, adding that it has also deployed technology to “better block and intercept hackers.” Despite the incident, BTC.com is continuing to run its mining pool services for customers, with the firm stating: Full Article: https://cointelegraph.com/news/bitcoin-mining-pool-btc-com-reports-3m-cyberattack
Bitcoin mining pool BTC.com reports $3M cyberattack BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services were unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of company and customer funds. occurred on Dec. 3, with atta...
What is Wrapped XRP (wXRP), and how does it work? Wrapped XRP (wXRP) is a crypto asset pegged to XRP (XRP) and can be used on blockchains other than Ripple’s native XRP Ledger. Ripple is a blockchain-based global payments system providing crypto solutions for businesses, and XRP is the native currency of the Ripple network. Identical in value, its wrapped version, wXRP, can be used in financial payments and settlements on other blockchains. This article will discuss why we need wXRP, how to buy wXRP, use cases of wXRP, and the purpose and safety of wXRP tokens. What are wrapped cryptocurrencies? Wrapped cryptocurrencies are tokens that are used as cryptocurrencies on blockchains other than the original blockchain they were built on. The value of wrapped crypto is the same as its original cryptocurrency (1:1). This allows cryptocurrencies like Bitcoin, Ether or XRP to be used on chains other than their native blockchains, thereby increasing their utility. The purpose of wrapped cryptocurrencies is to help solve the problem of decentralized finance (DeFi) cross-chain liquidity. If each cryptocurrency stays in its own ecosystem, growth is contingent on demand in that ecosystem alone. It would essentially be operating in a closed system. Wrapped crypto solves this by providing blockchain interoperability among different cryptocurrencies and blockchains. This opens avenues for improving cross-chain liquidity for DeFi ecosystems and boosts crypto asset utility. Full Article: https://cointelegraph.com/news/what-is-wrapped-xrp-wxrp-and-how-does-it-work
What is Wrapped XRP (wXRP), and how does it work? Wrapped XRP (wXRP) is a crypto asset pegged to XRP (XRP) and can be used on blockchains other than Ripple’s native XRP Ledger. Ripple is a blockchain-based global payments system providing crypto solutions for businesses, and XRP is the native currency of the Ripple network. Identical in value, its wrapped version, wXRP, can be used in financial payments and settlements on other blockchains. This article will discuss why we need wXRP, how to buy wXRP, use cases of wXRP, and the purpose and safety of wXRP tokens. What are wrapped crypto...
Cardano Stablecoin Project Set To Debut in January As the Ethereum Rival’s Ecosystem Develops A decentralized finance (DeFi) stablecoin project is gearing up for its debut on the Cardano (ADA) blockchain early next year. In a new interview with Learn Cardano Podcast host Peter Bui, head of COTI (COTI) Shahaf Bar-Geffen lays out what’s ahead for the Djed stablecoin project starting in January. “We kind of like lay the groundwork for Djed by signing over 40 partnerships with everything from all major DEXs [decentralized exchanges] to trading protocols, NFT [non-fungible token] marketplaces, launch pads, you name it. Now we’re going to execute on all of these partnerships. So we’re going to start with selected DEXs. I think there’s going to be like three of them that we’re launching with. And they’ll be part of the launch process. They’ll give users substantial farming rewards for building liquidity. And we’re going to start there and then gradually roll out to all of these platforms.” He says Djed Pay will also launch after the launch of the stablecoin, bringing more DeFi activity to the Ethereum (ETH) rival blockchain. Full Article: https://dailyhodl.com/2022/12/22/cardano-stablecoin-project-set-to-debut-in-january-as-the-ethereum-rivals-ecosystem-develops/
Cardano Stablecoin Project Set To Debut in January As the Ethereum Rival’s Ecosystem Develops A decentralized finance (DeFi) stablecoin project is gearing up for its debut on the Cardano (ADA) blockchain early next year. In a new interview with Learn Cardano Podcast host Peter Bui, head of COTI (COTI) Shahaf Bar-Geffen lays out what’s ahead for the Djed stablecoin project starting in January. “We kind of like lay the groundwork for Djed by signing over 40 partnerships with everything from all major DEXs [decentralized exchanges] to trading protocols, NFT [non-fungible token] marketp...
Frozen bank account triggers switch to Bitcoin salary for a whole year How a frozen bank account led one Bitcoin advocate to experiment with living on the Bitcoin Standard. As Bitcoin adoption continues to sow seeds around the world, more and more people are choosing to accept the original cryptocurrency as payment for their goods and services. For individuals, that means accepting BTC as their salary. A Florida-based Bitcoin advocate called SVN (not his real name) took his entire salary in BTC for the past year. Cointelegraph reached out to SVN, who works in the animation industry, to understand why he did it and if there are certain advantages to earning the world’s most recognizable cryptocurrency. SVN explained that when the bank froze one of his accounts, he turned “to Bitcoin as a solution to keep my life going while the issue got resolved.” While banks have the power to unbank customers at will or must follow governmental instruction, such as during the Canadian trucker protest in which governmental orders prevented crowdfunding for the protestors–Bitcoin runs 24/7, 365 days a year, without an intermediary. Full Article: https://cointelegraph.com/news/frozen-bank-account-triggers-switch-to-bitcoin-salary-for-a-whole-year
Frozen bank account triggers switch to Bitcoin salary for a whole year How a frozen bank account led one Bitcoin advocate to experiment with living on the Bitcoin Standard. As Bitcoin adoption continues to sow seeds around the world, more and more people are choosing to accept the original cryptocurrency as payment for their goods and services. For individuals, that means accepting BTC as their salary. A Florida-based Bitcoin advocate called SVN (not his real name) took his entire salary in BTC for the past year. Cointelegraph reached out to SVN, who works in the animation industry,...
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023. The Canadian Bitcoin mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter. Bitfarms received a warning notification from Nasdaq on Dec. 13 because the company’s share price has stayed below $1 for 30 consecutive working days. Announcing the news on Dec. 14, Bitfarms said that it has an initial period of 180 calendar days to regain compliance with the requirements from Nasdaq. In order to regain compliance, Bitfarms’ shares should close at $1 per share for a minimum period of 10 consecutive days at any time before June 12, 2023. In such an event, the Nasdaq staff will provide written notification to Bitfarms that it has achieved compliance, the announcement notes. Full Article: https://cointelegraph.com/news/nasdaq-warns-bitcoin-mining-firm-bitfarms-about-share-price-deficiency
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023. The Canadian Bitcoin mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter. Bitfarms received a warning notification from Nasdaq on Dec. 13 because the company’s share price has stayed below $1 for 30 consecutive working days. Announcing the news on Dec. 14, Bitfarms said that it has an initial period of 180 calendar...
Litecoin Mega Whales Accumulate Nearly $220,000,000 Worth of LTC in Just Five Weeks: Analytics Firm Santiment Analytics firm Santiment says crypto whales have spent the most recent portion of the bear market gobbling up the peer-to-peer payments network Litecoin (LTC). Santiment notes that Litecoin addresses that own more than one million LTC are holding their highest level of available LTC supply since June 2017. Those so-called “mega whales” have accumulated 2.95 million LTC worth $219.6 million in just the past five weeks, according to the analytics firm. Full Article: https://dailyhodl.com/2022/12/13/litecoin-mega-whales-accumulate-nearly-220000000-worth-of-ltc-in-just-five-weeks-analytics-firm-santiment/
Litecoin Mega Whales Accumulate Nearly $220,000,000 Worth of LTC in Just Five Weeks: Analytics Firm Santiment Analytics firm Santiment says crypto whales have spent the most recent portion of the bear market gobbling up the peer-to-peer payments network Litecoin (LTC). Santiment notes that Litecoin addresses that own more than one million LTC are holding their highest level of available LTC supply since June 2017. Those so-called “mega whales” have accumulated 2.95 million LTC worth $219.6 million in just the past five weeks, according to the analytics firm. Full Article:...
Bitcoin Price Looks Ready For Another Leg Higher Over $17.5K Bitcoin price remained well bid above the $16,920 support. BTC climbed higher and might soon aim an upside break above the $17,500 resistance zone. Bitcoin found a strong buying interest near the $16,920 and $16,900 levels. The price is trading above $17,000 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $17,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $17,250 and $17,450 resistance levels. Bitcoin Price Eyes Upside Break Bitcoin price corrected lower from the $17,292 swing high. BTC declined below the $17,000 level and the 100 hourly simple moving average. However, the bulls were active near the $16,920 and $16,900 levels. A low was formed near $16,880 and the price started a fresh increase. There was a clear move above the $17,000 resistance zone and the 100 hourly simple moving average. FULL ANALYSIS: https://newsbtc.com/analysis/btc/bitcoin-price-ready-17-5k/
Bitcoin Price Looks Ready For Another Leg Higher Over $17.5K Bitcoin price remained well bid above the $16,920 support. BTC climbed higher and might soon aim an upside break above the $17,500 resistance zone. Bitcoin found a strong buying interest near the $16,920 and $16,900 levels. The price is trading above $17,000 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $17,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $17,250 and $17,450 resistance leve...
The Latest Updates Of Ethereum In 2023 The Ethereum blockchain has been around since 2015 and has experienced tremendous growth in the past six years. In that time, the blockchain facilitated the development of thousands of decentralized applications and is now the second-largest blockchain platform in the world. The latest news about Ethereum 2023 is that it is set to undergo a major upgrade that will bring a host of new features and advancements to the platform. Ethereum 2.0 The upgrade will be known as Ethereum 2.0 and will be the biggest upgrade the network has ever seen. It will introduce a variety of new features, including sharding, which will enable the Ethereum network to process more transactions at once and make it more efficient. The new upgrade will involve the use of a proof-of-stake system, where users must stake a certain amount of Ether in order to participate in the network. By using this system, the network will be better protected from attacks and malicious actors. Ethereum Virtual Machine (EVM) The upgrade will also introduce a new virtual machine, called the Ethereum Virtual Machine (EVM). This will enable developers to create and execute smart contracts on the Ethereum network. This will open up new possibilities for the development of decentralized applications and could lead to the emergence of a new type of web 3.0. Ethereum 2.0 is expected to be released in 2023 and will bring with it a range of new features and advancements. This will help the Ethereum network scale and become even more popular amongst developers and users alike. Ethereum 2.0 is set to revolutionize the blockchain space and will be one of the most significant upgrades the network has ever seen. It will open up a whole new world of possibilities and will help Ethereum become even more competitive in the global blockchain market. Integration of Ethereum 2.0 with Web 3.0 In recent news, the Ethereum Foundation has announced that the Ethereum 2.0 upgrade is now live, bringing about the integration of Ethereum 2.0 with Web 3.0. This is a major milestone for the Ethereum blockchain, as it marks the beginning of a new era of decentralized applications and smart contracts. Improvements for blockchain The new upgrade is built on the latest version of the Ethereum blockchain, which is known as Ethereum 2.0 or “Serenity”. This new version brings about numerous improvements to the existing blockchain, most notably the introduction of a Proof-of-Stake consensus mechanism as well as a new virtual machine- the eWASM. Improvements for ecosystem The integration of Ethereum 2.0 with Web 3.0 is a major step forward for the Ethereum ecosystem. This integration will make the Ethereum blockchain more accessible to developers and users, as they will now be able to create and deploy decentralized applications (dApps) and smart contracts more easily. Improvements for privacy The integration of Ethereum 2.0 with Web 3.0 also brings about a new era of privacy and security. Ethereum 2.0 will use a new type of cryptographic signature- the BLS signature to ensure that transactions remain secure and private. This will make it much more difficult for malicious actors to steal or manipulate data on the Ethereum code or on the Ethereum blockchain. Overall, the integration of Ethereum 2.0 with Web 3.0 is a major step forward for the Ethereum ecosystem. This integration will make the Ethereum blockchain more accessible to developers and users, as well as provide enhanced security and privacy. This is a major milestone for the Ethereum blockchain and the entire cryptocurrency ecosystem. Trading Ethereum 2.0 Ethereum 2.0 is a major upgrade of the Ethereum blockchain that promises to make the network more secure, more scalable, and more efficient overall. It is set to launch in late 2020 and is expected to revolutionize the way Ethereum operates. Ethereum 2.0 is built around a new system of consensus called “Proof of Stake” (PoS). In PoS, users stake their ETH tokens (or “stake”) in order to validate and secure the network. This means that users who own a significant amount of ETH can earn rewards from the network for validating transactions and blocks. Key considerations For those interested in trading Ethereum 2.0, there are a few key considerations. First, it’s important to note that Ethereum 2.0 will be an entirely separate blockchain from the existing Ethereum network. This means that ETH tokens held on the existing Ethereum network will not be automatically transferred to Ethereum 2.0. Second, users will need to be aware of the different ways they can trade Ethereum 2.0. The most popular methods include centralized exchanges, decentralized exchanges, and peer-to-peer trading. Finally, users should also be aware of the different types of tokens available on Ethereum 2.0. The most popular tokens are ETH, which is the native token of the Ethereum network and staking tokens, which are used to earn rewards from the network. In conclusion Overall, Ethereum 2.0 is an exciting new development in the world of cryptocurrency, and those interested in trading Ethereum 2.0 should familiarize themselves with the different ways to trade and the different types of tokens available. With the launch of Ethereum 2.0, users can look forward to increased security, scalability, and efficiency on the Ethereum network. Original Article: https://newsbtc.com/news/company/the-latest-updates-of-ethereum-in-2023/
The Latest Updates Of Ethereum In 2023 The Ethereum blockchain has been around since 2015 and has experienced tremendous growth in the past six years. In that time, the blockchain facilitated the development of thousands of decentralized applications and is now the second-largest blockchain platform in the world. The latest news about Ethereum 2023 is that it is set to undergo a major upgrade that will bring a host of new features and advancements to the platform. Ethereum 2.0 The upgrade will be known as Ethereum 2.0 and will be the biggest upgrade the network has ever seen. It will in...