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Ethereum community wastes no time minting PoS NFTs right after the Merge

Ethereum community wastes no time minting PoS NFTs right after the Merge

The long-awaited Ethereum Merge has happened, and the community can’t sit still. Moments after the historic crypto event, one user minted the first ever nonfungible token (NFT) on the proof-of-stake (PoS) consensus. Officially the Merge took place on Sept. 15 at 06:42:42 UTC at block 15537393. The first announcement of the mint and sale of the NFT came shortly after at 07:08 UTC. The NFT, which…

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Thai SEC intends to ban crypto lending in the country

Thai SEC intends to ban crypto lending in the country

The Securities and Exchange Commission (SEC) of Thailand is preparing to take radical measures in the aftermath of crypto lending platforms’ crashes experienced in Summer 2022. Thai SEC plans to prohibit crypto platforms from providing or supporting digital asset depository services.  The announcement, published on the official webpage on Sept. 15, reports that the SEC has opened a public hearing…

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Norwegian town wants 'noisy' Bitcoin miners out, experts respond

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…

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Ethereum co-founder Vitalik Buterin celebrates the Merge: ‘Dream for years’

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…

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Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs

Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs

The Ethereum Merge has officially taken place, marking the full transition of the network to proof-of-stake (PoS).  On Sept. 15 at 06:42:42 UTC at block 15537393, the long-awaited Merge saw the merging of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer at the Terminal Total Difficulty of 58750000000000000000000, meaning the network will no longer rely on a…

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Magic Eden defends launch of NFT royalty enforcement tool

Magic Eden defends launch of NFT royalty enforcement tool

Solana-based nonfungible token (NFT) marketplace Magic Eden has fended off some community backlash following the launch of MetaShield, its new enforcement tool aimed at deterring NFT buyers who bypass creator royalties.  MetaShield, which was reportedly launched in partnership with NFT marketplace and aggregator Coral Cube saw mixed reactions from the NFT community following its launch on Sep.…

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Price analysis 9/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Price analysis 9/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

The United States equities markets and the cryptocurrency markets had been rising leading up to the Sept. 13 release of the August Consumer Price Index data, but the rally fell apart once the data showed inflation rising, rather than falling. The negative data dashed any hope of a Federal Reserve pivot in the near term and it triggered a sharp decline in risky assets. The market capitalization of…

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Starbucks announces NFT experience: Nifty Newsletter, Sept. 7–13

Starbucks announces NFT experience: Nifty Newsletter, Sept. 7–13

In this week’s newsletter, read about how Sony Music Entertainment is preparing to venture into nonfungible tokens (NFTs). Check out how car manufacturer Ford is on the way to entering the Metaverse and how coffee chain Starbucks plans to launch NFT rewards through a program called Starbucks Odyssey. In other news, learn about how the Japanese government used NFTs to reward public servants who…

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It's on! Where to catch the Ethereum Merge live

It’s on! Where to catch the Ethereum Merge live

Ethereum (ETH) is heading for the most significant upgrade in its history, which is scheduled to happen at around 5:27am UTC on Sept. 15. Those wanting to watch the Ethereum network make its historic shift to proof-of-stake (PoS) in real-time will have plenty of options to choose from. The Ethereum Foundation has scheduled an Ethereum Mainnet Merge Viewing Party live stream ready to go live on…

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The 'launch of a rocket' — Observers on the future of Ethereum post-Merge

The ‘launch of a rocket’ — Observers on the future of Ethereum post-Merge

The Ethereum Merge is set to occur later today with the energy-efficiency focused transition expected to have a major impact on crypto investment and adoption, experts say.  Speaking to Cointelegraph in the lead up to the Merge, StarkWare president and co-founder Eli Ben-Sasson noted that the Ethereum Merge will be the “first step in a process that will lead to exceedingly widespread adoption of…

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SEC Chair Gensler holds tight to his crypto position in preview of Senate testimony

SEC Chair Gensler holds tight to his crypto position in preview of Senate testimony

United States Securities and Exchange Commission Chairman Gary Gensler is scheduled to testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs in a hearing titled “Oversight of the U.S. Securities and Exchange Commission” on Sept. 15. The transcript of his speech was released in advance.  Gensler called securities laws a “gold standard” of capital markets. In his 13-page…

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Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC

Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC

Compound Treasury, a cash management solution for institutions powered by the Compound Protocol, announced on Sept.14 that accredited institutions can now borrow USD or USDC with fixed rates starting from 6% APR, using Bitcoin, Ethereum, and supported ERC-20 assets as collateral.  Starting today, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using…

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Coinbase to educate users on policies held by local politicians with new app integration

Coinbase to educate users on policies held by local politicians with new app integration

On Sept 14, Coinbase Co-Founder and CEO Brian Armstrong announced the company’s plans to begin integrating crypto policy efforts into its app. According to him, this will help the company’s 103 million verified users know where their local political leaders and representatives stand when it comes to cryptocurrency.  1/ Starting today, Coinbase will begin integrating our crypto policy efforts…

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Hardware wallets to take similar approach to potential Ethereum hard fork

Hardware wallets to take similar approach to potential Ethereum hard fork

Ethereum’s blockchain Merge is expected to take place around 05:05 UTC on Sept. 15. It is a milestone that marks a full transition towards Proof-of-Stake (PoS) for Ethereum, and eliminates the need for energy-intensive mining by a projected 99.9% when compared to Proof of Work (PoW). Some miners are also getting ready for a hard fork that would allow them to continue using PoW consensus. Forked…

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Apollo DAO to close vaults on Terra Classic

Apollo DAO to close vaults on Terra Classic

Around the same time that a South Korean court issued an arrest warrant for Terra co-founder Do Kwon, Apollo DAO, a decentralized autonomous organization building on the Terra blockchain, said it was closing down its vaults on Terra Classic (LUNC) — formerly Terra (LUNA). The project’s developers wrote:  “Since the collapse of Terra, Apollo has continued to maintain its LP [Liquidity Provider]…

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CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case

CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case

The Chamber of Digital Commerce (CDC) has requested to file an amicus brief in the case of the United States Securities and Exchange Commission v. Ripple Labs and its executives Bradley Garlinghouse and Chris Larsen. Liliya Tessler of the firm Sidley Austin filed a package of documents, including the proposed brief, with the U.S. District Court of the Southern District of New York on Sept.…

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Volatility expected as $490M in ETH options expire shortly after the Ethereum Merge

Volatility expected as $490M in ETH options expire shortly after the Ethereum Merge

Given the current state of the wider crypto market, some traders might be surprised to learn that Ether (ETH) has been trading in an ascending trend for the past 17 days. While the entire cryptocurrency market experienced a 10% decline on Sept. 13, Ether’s price held firm near the $1,570 support level. Ether/USD price index. Source: TradingView In less than 12 hours, the Ethereum network is…