The cryptocurrency industry is getting ready for the much-anticipated Ethereum Merge, and developers strongly emphasize educating the community.
Author: adewale
adewale
Adewale Opeyemi contributed to Blockchain Journal during 2022, covering cryptocurrency markets, blockchain technology, and industry developments. His reporting focused on explaining how emerging projects, protocols, and market trends evolved, with an emphasis on clarity, structure, and factual accuracy. Every day, I want to make a difference and leave a lasting beneficial impact on my community and the world at large. This I accomplish by assisting Blockchain brands and organizations in developing the best content for effective marketing that connects and converts prospects to customers.
Compound has assured its customers that their assets are safe and that it would take seven days to implement a remedy plan.
On Monday, the Constitutional Court of the Central African Republic issued a ruling that declared it unlawful for a cryptocurrency the government had introduced the previous month to be used to purchase citizenship, “e-residency,” or land.
Iran has approved the use of digital assets for imports after the country’s parliament enacted a measure that authorized the use of cryptocurrencies in commercial transactions.
After Federal Reserve Chairman Jerome Powell gave a speech at Jackson Hole on August 26, saying that getting inflation back to optimum levels will take some time, the price of bitcoin dropped more than 5%, reaching a low of $19,844.
Contingent upon no further issues with the network, Hoskinson mentioned that the next upgrade could come up in September.
Supporting the imminent Ethereum Merge update, the Binance exchange stated in a blog post that it would halt Ethereum and ERC-20 token withdrawals and deposits on September 6 and 15.
The troubled cryptocurrency exchange Zipmex has implemented a number of new strategies in an effort to resolve its financial issues. The team has requested that the Securities Exchange Commission (SEC) in Thailand and other government bodies meet with them. Potential investors are expected to attend this session in the hopes of hearing about the company’s plan to get back on its feet. The exchange had previously filed for protection from creditors in July 2022.
The co-creator of Ethereum believes that the use of cryptocurrencies in payments provides a massive boost for international commerce, philanthropy, and even domestic transactions.
The cryptocurrency industry is getting ready for the Ethereum merge that will take place the following month. On Wednesday, the popular cryptocurrency exchange Coinbase announced the launch of cbETH, its newly wrapped and staked Ethereum ERC-20 token. This token will enable customers to use their staked Ether (ETH) while also earning rewards on the exchange.