crypto blog
Most of the crypto market is down, but Cosmos (ATOM) price is up — Why?
The Ethereum Merge has finally happened. It’s over, and fortunately it went smoothly without any major hiccups. As predicted by many, the event turned out to be a “buy the rumor sell the news” style event, or perhaps, the hotter-than-expected consumer price index print on Sept. 12 was the real catalyst that pushed the market in its current direction. Regardless of the reasons for this week’s downturn, the Merge is over and in its wake, bulls are left holding a whole lot of nothing. It’s likely that a new bullish narrative will need to emerge, or analysts will need to keep a close eye on smart money to see what assets they elect to rotate into. So now that it’s over, what’s the new narrative? Surge, verge, purge, or splurge? Maybe dirge? — Galois Capital (@Galois_Capital) ...
IOTA co-founder: Lummis-Gillibrand is a blessing for the crypto industry
There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now. Even before 70% of Bitcoin’s (BTC) value evaporated seemingly overnight, things were not going great in the court of public opinion. Negative sentiment was everywhere; a Twitter account documenting crypto bros taking it on the chin racked up hundreds of thousands of followers. Now the biggest crypto exchanges in the world are laying off full-time employees by the thousands, and the self-proclaimed “Cryptoqueen” has landed a spot on the United States Federal Bureau of Investigation’s Ten Most Wanted Fugitives list for defrauding investors out of $4 billion. Oof. The prosecution rests. It’s easy to brush off crypto’s public-facing PR woes as being exactly that: an image problem. ...
US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group
The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned by the Office of Foreign Asset Control. In a Thursday notice, the U.S. Treasury designated 22 individuals and 2 entities, including many the government department claimed had furthered the Russian government’s objectives in Ukraine, to its list of Specially Designated Nationals, effectively barring U.S. persons and companies from dealing with them. Included in sanctions of one of the entities — a neo-Nazi paramilitary group called Task Force Rusich — were 2 cryptocurrency addresses for Bitcoin (BTC), 2 for Ether (ETH), and 1 for Tether (USDT). Treasury Secretary Janet Yellen said the sanctions were imposed as part of th...
Ethereum Merge: Community reacts with memes, GIFs and tributes
It’s been less than a day since Ethereum’s historic transition to proof-of-stake, with most of the crypto community still abuzz with excitement following the successful Merge. On Sept. 15 at 06:42:42 UTC, the last Ethereum block using the old proof-of-work consensus mechanism was mined. Replacing it is an energy-efficient proof-of-stake consensus mechanism. Many crypto enthusiasts and climate advocates worldwide have been thrilled by the positive impact it will have on the environment and thus, crypto’s reputation. Others have just been in awe of the technological feat of upgrading an entire blockchain network without any stoppages. Ethereum Ethereum30 minutes ago Now pic.twitter.com/cyQb3pAdtt — WolfOfEthereum.eth ️ (@Crypto_Wolf_Of) September 15, 2022 Uniswap Labs founder and CEO ...
Bitcoin price loses $20K, ETH price drops 8% after ‘monumental’ Ethereum Merge
Bitcoin (BTC) spent a second day threatening $20,000 support on Sept. 15 as markets processed the Ethereum (ET Merge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC stuck between price magnets’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking below $20,000 again overnight to recover marginally above the boundary for a brief period. The largest cryptocurrency broadly failed to regain lost ground after surprise United States inflation data on Sep. 13 sent risk assets into a tailspin. Down 13.5% versus the week’s top at the time of writing, Bitcoin offered little inspiration to traders who were still eyeing further losses. Yes, we could pump from here. No, the bottom is not in. pic.twitter.com/dXYKngcQtR — Material Indicators (@MI_Algos) S...
The Ethereum Merge to proof-of-stake is complete — What’s next? | Interview with Dr. Julian Hosp
In this week’s episode of Market Talks, we welcome Julian Hosp, CEO and co-founder of Cake DeFi. Julian Hosp is the CEO and co-founder of Cake DeFi, a highly intuitive online platform dedicated to providing access to decentralized financial services. He is widely regarded as a leading influencer in the crypto and blockchain space with over one million followers across all of his channels globally. He is also a best-selling author and his vision is to bring blockchain awareness and understanding to a billion more people by 2025. The Merge has been all over the place recently, with different news outlets, influencers and YouTube channels covering the event as much as possible, but why does the Ethereum Merge actually matter, and why is it such a significant event in crypto? We ask...
Merge is ‘a step in the right direction’ to address crypto’s energy usage — Rostin Behnam
Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, said the Ethereum blockchain’s transition to proof-of-stake may help reduce crypto’s energy usage, but hinted legislation would likely still be needed to address the problem. Speaking at a Thursday hearing before the Senate Agriculture Committee, Behnam addressed a question from Minnesota Senator Amy Klobuchar, who brought up the environmental impact of the “significant energy” required of mining cryptocurrencies. Without mentioning the Merge by name, the CFTC chair said the crypto bill currently being considered by lawmakers would require a report on energy usage that could lead to future policy discussion and “incentives to move away from carbon-intensive energy sources.” “We’ve all heard the statist...
South Korean prosecutors apply to revoke Do Kwon and other Terra employees’ passports
According to local news outlet gynews.kr, the Seoul Southern District Prosecutors’ Office’s Joint Financial Securities Crime Investigation Team says it will be contacting the country’s Ministry of Foreign Affairs to nullify the passports of Terra Luna co-founder Do Kwon and five other project developers. Prosecutors also plan to contact Interpol and escalate the South Korean arrest warrant issued the day prior into an international arrest warrant. All Terra Luna members named in the warrant reside in Singapore, a country that does not have an extradition treaty with South Korea. Targeted individuals on the warrant include Mo Han and Mo Yu, both of whom are Terra Luna employees staying with Do Kwon in Singapore. Another named individual is Greek national Nicholas Pla...
Ethereum co-founder Vitalik Buterin celebrates the Merge: ‘Dream for years’
As the clock counted down to the final moments of the big Ethereum (ETH) Merge, co-founder Vitalik Buterin joined the “Ethereum Mainnet Merge Viewing Party” livestream hosted by the Ethereum Foundation to share his final thoughts. When asked if he was excited about the Merge, Buterin responded that he is “absolutely excited about being exited from the proof-of-work era.” The co-founder went on to say that the historic transition of the network from proof-of-work (PoW) to proof-of-stake (PoS) has been on the agenda for years. “[It] has obviously been a dream for the Ethereum ecosystem since pretty much the beginning. We started the proof-of-stake research with that blog post on Slosher back in January 2014.” The Merge can be seen as reinventing the laws of physi...
Community celebrates the Merge by dropping ETH-inspired art and music
As the Merge successfully shifted the Ethereum network to proof-of-stake (PoS), the ETH community seized the opportunity to celebrate by dropping artworks and music inspired by Ethereum. Nonfungible token (NFT) artist Beeple, the creator of one of the most expensive NFTs ever sold, celebrated the Ethereum Merge by publishing an illustration that shows a massive Ethereum logo that seemed to slowly form, assisted by what looks like scientists. Another community member who makes art influenced by street art and illustration dropped a moving artwork showing a static visual effect over a couple of Ether (ETH) logos. Adding a sense of celebration to the artwork, the creator wrote a description that said, “the time has come.” Meanwhile, an NFT collection dubbed I Survived the Merge fe...
How does tokenization help transform illiquid real estate ownership into a liquid one?
A few years back, the concept of owning and trading fragments of physical real estate might have seemed too far-fetched for many. But with the advent of blockchain technology, real estate tokenization is providing new opportunities for fractional ownership and investment. Blockchain technology’s long-overdue debut in real estate has made real-world asset tokenization a heavily-discussed topic in the industry. After all, tokenization ticks all those boxes that are often required to ruffle many a feather in a traditional industry — it’s digital, global, complex and future-oriented. But how exactly does real estate tokenization work, and how can it help transform illiquid real estate ownership into a liquid one? Let’s take a look. What does tokenization mean? Tokenization is the process of ta...
Norwegian town wants ‘noisy’ Bitcoin miners out, experts respond
There’s a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are waging war on Bitcoin miners to thwart further BTC mining developments. Their latest protest against proof-of-work (PoW) mining is that it’s loud. It’s not enough that Bitcoin miners in Sortland use 100% renewable energy sources, create jobs and even use waste heat from the PoW process to dry out timber and seaweed for local businesses; they must do so quietly. Sortland (red) in the extremes of Norway. Source: Google Kjetil Hove Pettersen, CEO at local KryptoVault, explained that it could be another case of media spin aiming at Bitcoin. He explained the situation to Cointelegraph: “It is usually the negative voices that get the most media attention; this does not refle...
