Bitcoin News
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Cointelegraph
- Ethereum average gas fee falls down to $1.57, the lowest since 2020
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638.
- Web5 vs. Web3: The future is a process, not a destination
What is Web5, where is Web4 and what would be the recently announced initiative by Block subsidiary TBD to create a new layer of decentralization on top of the Web.
- Crema Finance shuts liquidity protocol on Solana amid hack investigation
While awaiting Crema Finance’s report on the situation, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and better understand the problem.
- The development of blockchain industry and how to defend against attacks on DeFi
The DeFi market is a highly promising venture where the main struggling issue is a lack of qualified blockchain developers.
- Jed McCaleb’s XRP bag is almost gone, Ethereum’s difficulty bomb delayed, and FTX inks deal with BlockFi: Hodler’s Digest, June 26-July 2
Coin Desk
Bitcoin News
- Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company. Colin Wu
- Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low
On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022. Ethereum Fees
- Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg. Crypto Project Novi Ending Facebook owner Meta Platforms Inc. (Nasdaq: META) announced Friday that
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Ethereum Foundation
- Sepolia Merge Announcement
Sepolia will be the second of three public testnets to run through The Merge. The network will transition to proof-of-stake when the total difficulty on the proof-of-work chain exceeds 17,000,000,000,000,000, which is expected to occur around in the next few days. Post-merge, Sepolia will have a permissioned validator set, like...
- Devcon VI: First Tickets & FINAL WEEK of Speaker Applications
Three weeks ago, we opened the speaker and volunteer applications as well as the discount builder and student tickets, and we are excited about the quality of submissions! This year, we’ve opened applications for those looking to attend Devcon with Builder and Student discounts, as Speakers, Supporters, Volunteers or as...
- Fellowship Program: Cohort #2 Applications Open & Cohort #1 Roundup
Ethereum is a living thing. Yes, at its core there is a virtual machine (the EVM) that runs and faithfully calculates a new state from block to block, but the magic of Ethereum is that one little state machine can be shared by millions of people who might not have...
- Ropsten, Rinkeby & Kiln Deprecation Announcement
Reminder: the Gray Glacier upgrade is scheduled for block 15,050,000, expected June 29, 2022 The Kiln Merge testnet, launched earlier this year, will be shut down shortly after the Ethereum mainnet’s transition to proof-of-stake. Ropsten, Ethereum’s longest-lived proof-of-work testnet, has transitionned to proof-of-stake. It will be shut down in Q4...
- Gray Glacier Upgrade Announcement
The Ethereum network will be undergoing a scheduled network upgrade at block 15,050,000, which is expected to occur on Wednesday, June 29, 2022. The exact date is subject to change due to variable block times and time zones. Please upgrade your node before Monday, June 27, 2022 to account for...
- Spotlight on LatAm: Identity solutions for Govtech
The following is an update from Ethereum Foundation Fellow Chuy Cepeda. Our identities hold immense power. In a time when people take great pride in using multiple pseudonyms or personas, we often think about how to identify ourselves. I identify as a native of Monterrey, Mexico, a Latin-American, a son,...
Ethereum World News
- Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC
Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billion The purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to further back its popular stablecoin of UST. The recent purchase of Bitcoin was carried out in two transactions: $1 billion with Genesis Trading and $500
- Bitmex’s Arthur Hayes Requests Leniency, No Jail Time for Violating the US Bank Secrecy Act
Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal that would result in a prison sentence of 6 to 12 months The founder of Bitmex and former CEO, Arthur Hayes, is requesting leniency from
- Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol
Summary: Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value locked Approximately $19.1 billion is locked on Lido Finance compared to Curve’s $19 billion Lido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon. Earlier today, Lido Finance became the largest DeFi protocol in terms of total value locked, edging out Curve Finance from the top spot in the process. At the time of writing, the total
Coinbase
- Introducing our NFT Dapp Starter Kit for Developers
- Building Across Europe
- Announcing the Relay VSCode extension
- Coinbase Expands Staking Offerings to Include Solana
- Coinbase Commerce Updates: Faster Payments, No Fees, More Currency Options
- web3 on the platform of your choice — a closer look at Coinbase Wallet’s multi-platform approach
- Coinbase Derivatives Exchange to make nano bitcoin futures available through leading brokers
- Send and receive crypto on multiple networks, starting with Polygon and Solana
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