All the focus is on Ethereum right now due to its upcoming merger update. Some platforms like Coinbase have even started preparing. Let’s find out more.
Bitcoin
Bitcoin fell sharply on Friday with a 7.2% slide. priced at $ 21,500. In practice, the entire cryptocurrency market has followed suit.
Ethereum
After a record performance in July, finished 2 million domain names have been registered on the Ethereum Name Service (ENS).
The Coinbase platform has announced that it will pause all Ethereum transactions during the Merger as a precaution.
DeFi
Level 2 Scaling Solution Optimism came under heavy criticism after the platform created an analysis movement without warning of funds, causing considerable panic among investors.
Ronin’s development team recently announced in a blog post that they have increased the number of validators fixing the chain from 2pm to 5pm.
Altcoin
The one USD stablecoin took a hit after a hack in the Acala network resulted in a 99% drop in its value.
by Huobi Stablecoin HUSD it became the last asset to de-anchor from its dollar peg as its price dropped to a low of $ 0.84.
Founder of the Earth, Do Kwonwho has been relatively quiet so far, gave the first interview since the collapse of the Earth protocol following the depegging of the LUNA stablecoin.
Technology
The government of Colombia has confirmed its plans for a digital currencybased on blockchain technology, in collaboration with the country’s central bank.
Deal
Ripple has partnered with Latin American bank Travelex to launch the first Liquidity on demand (ODL) in Brazil.
In a new partnership with SBI Remit, Ripple Net has launched a remittance payment service for the Japan-Thailand corridor.
A report claimed that the CEO Alex Mashinsky had taken control of Celsius’ trading strategies in the months leading up to the company’s widely publicized insolvency problems and eventual collapse.
Crypto.com has gained approval from the Ontario Securities Commission to become the first global cryptocurrency platform to be legally registered for operations in Canada.
Regulation
The US Federal Deposit Insurance Corporation issued warning letters to FTX and four other cryptocurrency companies.
The Russian citizen, who was extradited from the Netherlands, was charged money laundry in the case of Ryuk ransomware.
Director and co-leader of cryptocurrencies and blockchains of KPMG Canada, Kunal Bhasinhe said he believes the Howey Test may not be the right rule by which to decide whether a cryptocurrency is a stock or not.
The European Union (EU) is considering appointing a new one anti-money laundering (AML) to check the crypto space.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.