Summary: The Shanghai-Capella upgrade scheduled for April 12 should unlock over $30 billion in staked ETH on Ethereum’s beacon chain. Clients are advised to upgrade their nodes ahead of Shapella’s arrival, core developer Tim Beiko said. It’s unclear if selling pressure might increase after the unlock enables withdrawals for over 16 million stETH. Ethereum’s highly
Month: April 2023
Bitcoin started the week climbing back above $28,000, as markets returned from the Easter holidays. The move saw the world’s largest cryptocurrency briefly break out of a key resistance level of $28,500. Ethereum was also higher, as it closed in on the $1,900 level. Bitcoin Bitcoin (BTC) was back above $28,000 to start the week,
Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the artificial intelligence (AI) company. Chief Cabinet Secretary Hirokazu Matsuno stated on Monday, April 10, that Japan would contemplate incorporating AI technology into government systems, such as OpenAI’s ChatGPT chatbot, provided privacy and cybersecurity issues are addressed. Following
Bitcoin (BTC) starts the week on a firm footing as bulls send BTC price to a new ten-month high weekly close. After a relatively calm week, last-minute volatility is getting traders excited at the prospects of a repeat attack on $30,000 resistance — but a lot stands in the way. In what is set to
A 689 Ether (ETH) reward worth $1.28 million has been paid from a single Miner Extractable Value (MEV)-boost relay block on the Ethereum Beacon Chain in one of the largest rewards in recent months. Ethereum liquid staking solution Lido was paid the reward from block number 17007842 on the Beacon Chain — which was finalized
According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex
FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III. In an April 9 court filing in a Delaware Bankruptcy Court, John J
The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It is
Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction
A widely shared video of European Central Bank (ECB) President Christine Lagarde admitting that a Digital Euro will be used in a “limited” way to control the payments people can make was taken from the three week old prank video. The video was highlighted by breaking news account Watcher Guru on April 6 and generated
The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve currency is undermined, it might happen later than some expect.
Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC). Senator Bryan Hughes introduced Senate Bill 2334 on March 10, with Representative Mark Dorazio introducing House Bill 4903 on the same day,
The most significant advantages of trading cryptocurrencies are quick profit generation, secure value storage, low fees and universal accessibility. Meanwhile, crypto assets’ inherent risk and volatility count as disadvantages. The main benefit of cryptocurrency trading is the potential to generate quick profits by taking advantage of short-term price movements and market trends. Some cryptocurrency traders
Ethereum’s Ether (ETH) token dropped by over 7.5% in its Bitcoin (BTC) pair in 2023. But ETH/BTC may wipe its year-to-date (YTD) losses entirely in April as Ethereum’s long-awaited Shanghai hard fork is just days away. The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards — worth
Digital asset exchanges must be obliged to provide user information to Russia’s law enforcement agencies, the country’s Prosecutor General has insisted. The circulation of cryptocurrencies in the Russian Federation needs to be regulated to counter money laundering, the official added. Cryptocurrency Exchanges Have to Report to Russian Authorities, Chief Prosecutor Says Crypto service providers should
Japan-based decentralized autonomous organization (DAO) Sushi’s head chef Jared Grey and his counsel stated that as far as they know, no one associated with Sushi has violated U.S. federal security laws, while providing reassurance that he is cooperating with the United States Securities and Exchange Commission (SEC) subpoena. In an April 8 statement, Grey answered the
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