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Hive Blockchain explores new mineable coins ahead of Ethereum merge

Hive Blockchain explores new mineable coins ahead of Ethereum merge

Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypto mining firm has been analyzing options for mining with its GPU stash ahead of the Ethereum Merge, Hive said in its latest production update on Tuesday. According to the update, Hive started…

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PraSaga awarded U.S. patent for placing computer operating system onto the blockchain

PraSaga awarded U.S. patent for placing computer operating system onto the blockchain

According to a new United States Patent and Trademark Office publication on Tuesday, Swiss-based blockchain startup PraSaga has been awarded a patent placing its operating system, dubbed “SagaOS,” on the blockchain. Titled “Systemic Extensible Blockchain Object Model Comprising A First-class Object Model And A Distributed Ledger Technology,” the methods described in U.S. patent no. 11436039B2…

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Bitcoiner Dan Held: Ethereum Merge Will 'Add Pressure to Bitcoin's Energy Consumption'

Bitcoiner Dan Held: Ethereum Merge Will ‘Add Pressure to Bitcoin’s Energy Consumption’

Some Bitcoiners have been reluctant to say that the Ethereum merge will have any impact on their crypto asset of choice, but don’t count Dan Held among them. The head of growth marketing at Kraken and prominent Bitcoin influencer, who these days calls himself a Bitcoin “mostamalist” (rather than the fraught “maximalist”), said on the latest episode of Decrypt’s gm podcast that the upcoming…

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Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week – Altcoins Bitcoin News

Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week – Altcoins Bitcoin News

Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF to USDN’s reserve basket in order to “improve the mechanics of…

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Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge – Mining Bitcoin News

Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge – Mining Bitcoin News

While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.” Hive’s Technical Team Researches Other GPU Mineable Coins On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the…

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Saudi Arabia's Central Bank Hires Virtual Assets and Digital Currency Program Lead – Regulation Bitcoin News

Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead – Regulation Bitcoin News

The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the regional crypto hub is believed to have forced authorities in Saudi Arabia to consider formally regulating cryptocurrencies. Saudi Arabia’s Changing Position on Crypto According to a report, the…

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Three Arrows Capital Wallet Removes Millions in ETH From DeFi Liquidity Pools

Three Arrows Capital Wallet Removes Millions in ETH From DeFi Liquidity Pools

A wallet belonging to embattled hedge fund Three Arrows Capital has removed $33M in Staked ETH (stETH) from Curve Liquidity Farming Pool. According to Etherscan and Nansen, the embattled crypto hedge fund also removed 200 bitcoin (BTC), $4 million worth of Tether (USDT), and $4 million in wrapped ether (wETH) from Convex, another DeFi platform. Three Arrows Capital filed for bankruptcy in July…

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Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and marks a 24% correction from the rally to $25,000 on Aug. 15. Bitcoin/USD 30-min price. Source:…

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Federal Police Tap Forensic Unit to Curb Crims

Federal Police Tap Forensic Unit to Curb Crims

Australian crypto fraud just got a little harder. Federal Police have launched a new unit to tackle money laundering using cryptocurrencies. Stefan Jerga is the national lead of criminal confiscation at the Australian Federal Police (AFP). He says the AFP formed the new task force to deal with the surge in illegal crypto use since the AFP’s first asset seizure in 2018. The unit has already…

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Thai SEC Cautions Investors About Risks of DeFi Transactions Thai SEC Cautions Investors against Risks of DeFi Transactions

Thai SEC Cautions Investors About Risks of DeFi Transactions Thai SEC Cautions Investors against Risks of DeFi Transactions

The Securities and Exchange Commission of Thailand (Thai SEC) has asked crypto investors in the country to be careful with DeFi transactions, terming them risky. The watchdog argued that local regulators have no control over the up-and-coming industry. Popular but Not Full-Proof In a statement on Wednesday, the financial and capital markets watchdog said DeFi services have become popular,…

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FTX to halt blockchain transfers of secondary chains for ETH as Merge approaches

FTX to halt blockchain transfers of secondary chains for ETH as Merge approaches

Cryptocurrency exchange FTX has announced that it shall temporarily freeze trading Ether (ETH) on several blockchains as the Ethereum Merge nears. The halt will last until The Merge is completed as a way of taking extra precautionary measures to safeguard investors’ funds during the Ethereum upgrade. After the Merge, Ethereum blockchain will gradually switch from a Proof-of-Work (PoW) consensus…

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Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead of the Merge

Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead of the Merge

Cryptocurrency exchange Binance announced Monday that it plans to halt all deposits and withdrawals of Ethereum (ETH) and Wrapped Ethereum (WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum’s Merge event. #Binance will suspend deposits and withdrawals for Ether $ETH and Wrapped Ether $WETH on the following networks starting from September 6, 2022 at…

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Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge – Mining Bitcoin News

Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge – Mining Bitcoin News

Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4. Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is expected to take place eight days from now, and a great deal of hashrate has left the crypto asset’s network during the last…

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Bitcoiner sentenced to federal prison warns users involved in OTC trading

Bitcoiner sentenced to federal prison warns users involved in OTC trading

Mark Alexander Hopkins, also known by the moniker ‘Doctor Bitcoin’ or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing the sentence in their case to social media followers. In a Sunday Twitter thread, Hopkins said that they were facing between 6 to 15 months at a federal correctional institution in Texas following a guilty plea for allegedly…

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LG Electronics launches its LG Art Lab on Hedera

LG Electronics launches its LG Art Lab on Hedera

LG Electronics has launched its nonfungible token (NFT) platform on the Hedera blockchain. LG Electronics announced the launch of its NFT platform on Monday, September 5th. The NFT platform, called LG Art Lab, is on the Hedera blockchain and allows users to discover, buy, sell and trade NFTs on LG’s smart TVs. This latest development comes eight months after the company announced that it planned…

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A Web3 Social Data Gateway Accelerating Web2 On-chain Migration

A Web3 Social Data Gateway Accelerating Web2 On-chain Migration

With the emergence of the concept of SBT “Soulbound Token” and deeper crypto exploration, many people have high expectations for a future where “countless SBTs form the identity system of the Web3 world”. In January 2022, Vitalik Buterin, the founder of Ethereum, wrote an article proposing the SBT scenario: If we understand SBT as a token with the nature of a tag, the SBT is deeply bound to the…

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Can Chainlink clear the $7.4 resistance level?

Can Chainlink clear the $7.4 resistance level?

Chainlink is a decentralized oracle network for smart contracts Its native LINK token has surged 13% in the past week The token is showing strong bullishness, but momentum remains low Chainlink LINK/USD is ranked the 23rd largest crypto asset with a market capitalization of $3.5 billion. It is considered the most secure and flexible infrastructure in the crypto blockchain space. According to its…