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Ethereums Ropsten Testnet Successfully Merges - BitcoinEthereumNews.com

EthereumEthereums Ropsten Testnet Successfully Merges06 / 08 / 2022Balita ng Ethereum ng BitcoinKey Takeaways　　Ethereums Ropsten Testnet has successfully merged with its beacon chain.　　Ropsten is considered one of Ethereum‘s most faithful replicas; its smooth transition bodes well for the mainet’s chances at switching from Proof-of-Work to Proof-of-Stake.　　The Ethereum Merge is tentatively scheduled for August, but could be pushed back to September or October.　　Ibahagi ang artikulong ito　　The Ropsten Proof-of-Work testnet has merged with its Proof-of-Stake beacon chain, finalizing one of the last rehearsals before the Ethereum mainet transition.　　Ropsten Testnet Completes Merge　　Ethereums Ropsten Testnet successfully merged with its beacon chain today, bringing the network one step closer to the highly-anticipated mainet merge.　　The testnet operation, which happened at 16:10 UTC, marks a significant milestone in a long technical process colloquially known in the crypto space as the “Merge.” The Merge will see Ethereum abandon its current Proof-of-Work consensus model in favor of the more energy-efficient Proof-of-Stake. The upgrade is expected among other things to reduce the ETH token emission rate by approximately 90%.　　The Ropsten Testnet, created in 2016 and named after a metro station in Stockholm, was notable for being Ethereum‘s only Proof-of-Work testnet, and was considered one of the best replications of the

2022-06-08Ethereum

Binance Debunks Claims Exchange Aided Money Laundering

Binance trading platform denied all allegations of facilitating around $2.4 billion in illicit funds from world-acclaimed criminal organizations like Lazarus Group and Hydra.　　Previously, Reuters reported indicating the crypto exchange that involves illicit activities. However, the exchange has denied any wrongdoing from the report, criticizing the coverage was based on cherry-picked facts and that the journalists from Reuters failed to conduct comprehensive interviews with the relevant personnel to come to their conclusions.　　Binance has often been ranked as the biggest trading platform in terms of trading volume, generally known as a hub for retail and corporate investors. The exchange has also claimed it has a very proactive Anti-Money Laundering policy many times. This provision detects illicit transactions it is being accused of facilitating by Reuters.　　Binance reiterated it has continued to work with regulators to fish out illicit activities. The exchange said illicit transactions in the crypto ecosystem pale when compared to the broader financial ecosystem, but journalists hardly pick up these salient facts.　　“Of all transactions made with cryptocurrencies in 2021, 0.15% were associated with some type of illicit activity,” the exchange wrote, “The UN estimates that between 2% to 5% of traditional fiat (cash), about $800 billion to $2 trillion in current

2022-06-08Malalim na Pagsisid

Ethereum adds 500,000 new addresses per week despite sluggish market - BitcoinEthereumNews.com

EthereumEthereum adds 500,000 new addresses per week despite sluggish market06 / 08 / 2022Balita ng Ethereum ng Bitcoin　　sa kabila ng cryptocurrency market alternating between red and green, struggling to hit a bullish streak, one of its major assets – Ethereum (ETH) – has been continuing to accumulate hundreds of thousands of new addresses.　　Specifically, the network has been adding around 500,000 new addresses each week, surpassing 200 million cumulative addresses, according to the data on the crypto analytics platform Dune retrieved by Finbold sa Hunyo 8.　　Ethereum addresses over time. Source: Dune　　Indeed, the chart above demonstrates that the total number of addresses on June 6 amounted to 207,606,780, as it has been adding an average of 500,000 new addresses weekly over the past few months. The dashboard was assembled by Dunes data scientist Hildebert Moulié aka Hildobby.　　Other Ethereum metrics in downfall　　At the same time, Ethereums total value locked (TVL) in decentralized finance (DeFi) shrunk 35% in May in spite of the increase in new addresses, as Finbold iniulat earlier. On top of that, its market capitalization dominance has also declined sharply, dropping to 17.74% on June 6, the lowest since October 2021.　　Meanwhile, Ethereum transactions dropped to their 18-month low in late May,

2022-06-08Ethereum

Here’s What It Will Take for Ethereum, Solana and Avalanche To Spark Long-Awaited Rallies, According to Top Crypto Analyst - BitcoinEthereumNews.com

crypto EthereumNarito Kung Ano ang Kakailanganin Para sa Ethereum, Solana at Avalanche Upang Magsimula ng Mga Inaabangang Rali, Ayon sa Nangungunang Crypto Analyst06 / 08 / 2022Balita ng Ethereum ng Bitcoin　　A closely tracked crypto strategist is mapping out high timeframe scenarios that will inspire bullish momentum in Ethereum (ETH) and two of its leading competitors.　　In a new strategy session, pseudonymous crypto analyst Cred says Ethereum is currently trading below crucial weekly support and bulls must reclaim it to have a shot at igniting a 30% surge from current prices.　　I think for ETH it needs a weekly close above $1,930, $1,940 or thereabouts. This previous high [$1,930] is a bit of an inflection point… and still resistance at the moment… In this environment, its worth being conservative in general.　　My eye is certainly drawn towards previous range support, presumably now turned resistance [$2,600] as an area to derisk those range-low reclaim buys and thats kind of in the mid to high $2,000s.　　Im sure if I were to add these boomer moving averages, they sort of converge in that area as well.　　Pinagmulan: Cred/YouTube　　In technical analysis, the reclaim of high timeframe support is a bullish signal indicating the presence of demand and potentially seller

2022-06-08Ethereum

Paypal Crypto Owners Can Now Transfer Tokens to Wallets

Fintech giant Paypal Holdings has upgraded its crypto wallet capabilities. Users of the app can now send supported digital assets to other wallets.　　With this upgrade, users can now send Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) to other Paypal users as well as external wallets, which may also include those from trading platforms.　　The move has now effectively opened Paypal‘s crypto-economy, which at best was closed up before. The move is also being seen as a way to integrate users’ interests and demands while eliminating the monopoly tag from Paypal as a platform.　　“Adding the ability to transfer, send, and receive cryptocurrencies is another step in our journey to building a more inclusive and effective financial system,” said Jose Fernandez da Ponte, SVP and GM of blockchain, crypto, and digital currencies at PayPal, in a statement. “We‘re excited to connect PayPal’s customers to other wallets, exchanges, and applications, and we will continue to roll out additional crypto features, products, and services in the months ahead.”　　The newly added functionality, in accordance with Fernandez da Ponte, will permit crypto holders within the Paypal app to do more with their digital assets. The move was made at a time when the digital

2022-06-08Malalim na Pagsisid

How this Goblin Town Collector Got Scammed and Lost 10 ETH - BitcoinEthereumNews.com

EthereumPaano Na-scam ang Goblin Town Collector na ito at Nawala ang 10 ETH06 / 08 / 2022Balita ng Ethereum ng Bitcoin　　The crypto industry is no stranger to scams, but this latest news will leave many interested viewers shocked.　　In a new spate of phishing attacks, a Goblin Town NFT collector was the latest victim, losing as many as 10 NFTs through a twitter scam.　　The victim, who goes by the username- @topshotkief, requested the two most reputed NFT marketplaces, LooksRare and OpenSea to take any form of action and help him recover the lost assets.　　The collector recounted that he was now cheated out of 10 NFTs, drastically reducing his collection and undermining his lifes work. The victim then said that he had only inocently clicked on a link that promised and redirected interested collectors to a site that would airdrop Goblin Town NFTs.　　Bumili ng Ethereum para sa Pagbili ng mga NFTAng iyong kapital ay nasa peligro.How the NFT Collector was Scammed　　Unfortunately, the link was a scam, and had instead led the user to a site that was hosting many phishing activities. As per data provided by Cryptoslam, the Goblin Town NFT at its least traded for a figure around 6 ETH. Whereas,

2022-06-08Ethereum

Ethereum (ETH) Market Cap Slashed By More than $100 Billion in May - BitcoinEthereumNews.com

EthereumEthereum (ETH) Market Cap Slashed By More than $100 Billion in May06 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum (ETH) tumbled during the crypto market crash of May and this led to a substantial decrease in the market value of the first smart contracts-backed blockchain technology.　　Ethereum remains the second-largest digital asset by market capitalization in June 2022. According to Be[In]Crypto research, ETH closed the fifth month of the year with a market capitalization　　humigit-kumulang $235 bilyon.　　This was a 31% decline from the opening days market value. On May 1, ETH saw an impressive trading volume of $15.33 billion which corresponded to a market capitalization in the region of $341.05 billion.　　Source: Historical Data for Ethereum by CoinMarketCapWhy the waning market capitalization？　　A broader sell-off of digital assets by holders in 2022 which was deepened during the week of May 9 to 13 can be attributed as the cause for the sinking market capitalization of Ethereum.　　Some of the primary factors that led to the negative market sentiment include pagtaas ng mga rate ng interes, pagpintog, and the economic uncertainty that has mired the entire financial system due to Russias unprovoked pagsalakay ng Ukraine.　　In May, the number of large transactions involving Ether reached

2022-06-08Ethereum

How will PayPal allow its users for Bitcoin and Ethereum transfer to External wallets to be beneficial? - BitcoinEthereumNews.com

Bitcoin EthereumPaano papayagan ng PayPal ang mga gumagamit nito para sa paglipat ng Bitcoin at Ethereum sa mga Panlabas na wallet na maging kapaki-pakinabang？06 / 08 / 2022Balita ng Ethereum ng Bitcoin　　For a long time, users of global payment giants were asking to add the feature that was finally heard, and PayPal allowed them to move crypto to external wallets.　　Good news for crypto users was brought along with the anouncement of PayPal made on Tuesday. Global payment giant anounced that now crypto users can move their funds from the platform. This long-awaited feature now would be added to PayPal, after which the offering of the company would be more like services of other popular cryptocurrency platforms.　　Sa isang pahayag, PayPal said that the payment company started supporting the cryptocurrencies native transfer between PayPal and other exchanges and wallets starting from the day of the anouncement. The feature that makes it possible to initiate an external transfer on the crypto platform of PayPal started rolling out for its users from the day. It will be available to its users across the United States in the upcoming weeks.　　It was in 2020 when PayPal launched its first crypto offering where that allowed users to

2022-06-08Ethereum

Ethereum, “The Merge”: What Investors Are Saying - BitcoinEthereumNews.com

EthereumEthereum, The Merge: Ang Sinasabi ng mga Mamumuhunan06 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum is entering its next phase. Some investors call it the Amazon cloud service of blockchain ... [+] and crypto. (Photo by Yuriko Nakao/Getty Images)　　Getty Imagesn　　At long last, this is the summer of Ethereum. So with the current downtrend in crypto, this might be a good time to buy some ETH, if you believe cryptocurrency and blockchains will be a thing (and who doesnt？).　　The great upgrade, called “the merge”, is happening. Ethereum will be bigger, better, faster, stronger.　　The merge is the second step in the Ethereum roadmap. The merge switches Ethereum from proof-of-work to proof-of-stake, using ETH itself to secure transactions as opposed to using ASIC mining machines. This will reduce the energy consumption of Ethereum by a supposed 90% and make the system more secure.　　Worth noting, it is only a consensus layer change, not an execution layer change, notes Chris McCan, Partner at Race Capital. “What this means is transaction time will not change, gas fees will not change, and there will likely be no cost reduction or bandwidth improvements either,” McCan says.　　“I am hurt by Ethereum gas fees, but another point of view

2022-06-08Ethereum

Twitter Deal Sees Further Stalemate, Elon Musk Warns He Can Pull Out His Bid

Elon Musk, the Chief Executive Officer of electric vehicle giant Tesla Inc, and the prospective owner of social media giant Twitter have sent a filing to the SEC noting it may exercise its rights not to consummate the Twitter deal anymore.　　The filing was made by Musk‘s lawyers in response to correspondence from Twitter representatives as the data transparency spat between the two camps took a new turn. The SEC filing noted that Twitter is depriving Elon Musk of the right to access accurate spam data to conduct his own assessment of the company’s business model as it concerns its user base.　　The filing noted that Elon Musk has been politely requesting the spam data since May 9. Despite Twitter‘s claims of the accuracy of its methods in estimating user count on its platform, the company’s refusal to drop the data for him to conduct his own analysis is clearly suspicious.　　“At this point, Mr. Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data due to concern for what Mr. Musks own analysis of that data will uncover,” the letter reads.　　Musk‘s lawyers said the

2022-06-08Malalim na Pagsisid

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