Author: NBTC
The Liquid Collective and Obol report says these correlation risks may impact the effectiveness of a major upcoming upgrade called Pecta, which is set to be implemented in 2025. The report says that for Ethereum to remain stable — cloud, operator, and client diversity needs to be improved. The report, “Ethereum’s Correlation Risks: Poorly Understood, but Always Present”, explores risks like Ethereum’s slashed correlation penalties. Ethereum, like other Proof-of-Stake networks, disincentivizes bad validator behavior through slashing. If a validator messes with the network by, for example, double-signing a transaction, they lose their stake. What makes Ethereum different is its correlated…
MILAN, June 18 (Reuters) – Plans for a digital euro will be a “very good” thing for the currency bloc and its lenders if banks remain central to the flow of money as they are at present, UniCredit Chief Executive Andrea Orcel said on Tuesday. “It’s a matter of sovereignty for Europe: we cannot not have a digital euro,” Orcel told a conference organised by Italian bank Mediobanca. The European Central Bank is looking to launch a digital currency that could reduce the euro zone’s reliance on legacy electronic payment systems operated by U.S. companies, such as Visa (V.N, opens…
Altcoin Buzz presenter Cody Buffington revealed Cardano’s plans to implement the Chang hard fork before the end of June during a recent Altcoin Buzz session, which also covered the potential impact of the upcoming FOMC release on the crypto market. According to Buffington, the Chang hard fork, also known as Cardano Improvement Proposal (CIP) 1694, will enable any Cardano user to vote on proposals and community-focused updates. He emphasized that Cardano founder Charles Hoskinson considers CIP 1694 the most significant update in Cardano’s history. In an X post, Hoskinson disclosed that June was a pivotal month for Cardano, as it…
CLS Global, a prominent platform offering cryptocurrency trading services, has recently started an exclusive partnership. According to the firm, it is joining forces with Sign which is an e-signing forum leveraging blockchain technology for the provision of a transparent, customizable, and decentralized mechanism. The platform took to the social media platform X to announce the respective initiative. @CoinLiquidity 🤝 @ethsignWe’re excited to announce our partnership with Sign Protocol – the pioneering #Web3 omni-chain attestation protocol.This collaboration will allow us to leverage Sign Protocol’s decentralized #blockchain-anchored infrastructure to provide enhanced… pic.twitter.com/Ei2oRJCipA — CLS GLOBAL (@CoinLiquidity) June 17, 2024 CLS Global Begins…
From cute pictures of chubby penguins, the Pudgy Penguin brand has grown into a full-fledged ecosystem with soft toys and its own game. Table of Contents What is Pudgy Penguins NFT collection? Pudgy Penguins Ecosystem How to buy Pudgy Penguins NFTs? What are the dynamics of the Pudgy Penguins now? Should users pay attention to NFTs now? What is Pudgy Penguins NFT collection? The Pudgy Penguins brand was launched in July 2021 by four college friends who decided to ride the wave of NFT popularity. ColeThereum created 8,888 NFTs of Pudgy Penguins, with a price of about $0.03 each. The…
Canada-based Purpose Investments announces conversion of its Ethereum Capital Corporation into staked Ethereum ETF. Conversion sees Canada embracing Ethereum staking ahead of US after SEC signals discomfort with concept. Ethereum price’s recent downtrend could prove a good buy-the-dip opportunity. Ethereum (ETH) resumed its downward trend on Monday after a slight weekend recovery following the launch of the Canada-based Purpose Investment Staked ETH ETF. Daily digest market movers: Purpose Investment launches staked ETH ETF In a press release on Monday, Purpose Investment announced the conversion of its Ether Capital Corporation to Purpose Ether Staking Corp ETF. The move comes after its…
Key Points: South Korean crypto exchanges experienced a dramatic drop in trading volume in Q2. Upbit and Bithumb offer high-volume trading pairs, mostly small-cap altcoins. US exchanges are seeing increased liquidity, with improved conditions for Bitcoin trading. South Korea crypto trading volume plunged from $35 Billion in Q1 to $6 Billion in Q2. Factors include risk sentiment and US inflation. As reported by Kaiko, South Korean cryptocurrency exchanges have suffered a dramatic fall in trading volume. From beating USD trade volumes in Q1, KRW trades dropped quite significantly in Q2. Dramatic Decline in South Korea Crypto Trading Volume in Q2…
Ternoa, a cross-layer protocol using confidential computing to further secure blockchain, has recently introduced a new project. As per the platform, it is unveiling zkEVM+ which is a privacy and security-centric layer 2 that Polygon has developed on Ethereum. The testnet launch of the respective project on Ternoa offers censorship resistance through integrity proofs. As Ethereum keeps scaling, trust assumptions weighing on digital assets holders matterDiscover zkEVM+, our take at making ETH a safer placeBuilt on @0xPolygon CDK, combining ZK + TEEs proofs and @AvailProject DA, co-implemented with @0xZeeve👨🏫👩🏫 https://t.co/WM0Of1r0gh pic.twitter.com/5vNcqjcQX5 — Ternoa 🟪 🟣 (@Ternoa_) June 17, 2024 Ternoa…
Following the depreciation in the Bitcoin (BTC) price, which resulted in a decline of approximately 3% in the last 24 hours, il Capo, one of the legendary cryptocurrency analysts, evaluated the BTC price. In his post on X, il Capo stated that the support point is $67,000. According to the analyst, there is an accumulation of demand at these levels and in his main scenario, this level is expected to hold and the bullish atmosphere will continue. According to the analyst, if the $67,000 level fails to hold, the next support zone will be $65,000. il Capo, in his statement…
Ethereum price declined again and retested the $3,365 support zone. ETH could start a fresh increase toward $3,700 if it stays above $3,365. Ethereum is still holding the key $3,365 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could form a double-bottom pattern and rise toward the $3,700 resistance. Ethereum Price Retests Key Support Ethereum price failed to gain pace for a move above the $3,580 and $3,650 resistance levels.…