Binance US, a US-based subsidiary of the world’s largest cryptocurrency exchange, is now offering Ethereum staking with an annual percentage yield (APY) of 6 percent — a figure which is a sizable step above major competitors like Lido and Coinbase which offer 3.5 percent and 3.25 percent APY, respectively. In…
FTX crypto exchange will be briefly pausing all deposits and withdrawals of ETH and ERC-20 tokens as the Etheruem blockchain gears up to transition into its eco-friendly upgrade, named the Merge. The final Bellatrix update for this transition to complete is scheduled to start on Tuesday, September 6. The Merge…
OpenSea NFT marketplace has announced its allegiance to Ethereum’s upcoming energy-efficient upgrade called the Merge. The platform has stated that no Ethereum forks will be supported on OpenSea in order to ensure all transactions are as smooth as possible. ‘Forks’ is a technical term which is used when a blockchain…
Cryptocurrencies fell sharply on Friday, with sudden selling dragging Bitcoin to a three-week low. Bitcoin fell as much as 7.7 percent to $21,404 (roughly Rs. 17,10,700) over a few minutes during the European morning, at around 0640 GMT. It recovered slightly then continued its downward trajectory to trade around $21,400 (roughly…
Institutional clients of Coinbase Prime based in the US will now be able to stake ETH on the platform, with funds secured in the firm’s cold storage vault. Staking allows investors to earn a yield on their cryptocurrencies by committing them to a pool of assets, which helps support the…
After passing through rigorous devnets, shadow forks, and other kinds of tech tests, Ethereum’s eco-friendly upgrade is finally close to its roll-out. Called the ‘Merge’, this network will transition on the final testnet, Goerli. The testing, which begins on August 4, will go through more tech checks between August 6…
The announcement of the anticipated upgrade, The Merge, on the Ethereum network made positive impact on its native asset ETH as well as its staked derivative on Lido finance called staked Ether (stETH) and that has resulted in an increase in the number of whales too. Last Thursday, Ethereum Foundation…
Axie Infinity, the popular blockchain gaming platform, has finally restored its Ethereum-linked sidechain called the Ronin Network three months after it suffered a major breach. The Ronin Network, designed by Axie Infinity developer Sky Mavis, acts as a bridge between the video game and the blockchain, allowing cryptocurrencies to be…
The price of Bitcoin fell below $20,000 (roughly Rs. 15 lakh) for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9 percent to less…
The eco-friendly upgrade to the Ethereum blockchain is gearing up to undergo the Ropsten Beacon Chain testnet, one of the longest-existing proof-of-work (PoW) testnet. Basically, the Ropsten testnet is the most popular replica of the Ethereum network. It is capable of imitating the aspects of the ETH mainnet, making it…
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