Google’s latest crypto feature enables some Ethereum wallet addresses to have their Ether balances tracked straight off of the Google search engine — saving the need to make the trip to Etherscan. The new feature comes in addition to Google’s partnership with crypto exchange Coinbase on Oct. 11 to allow its customers to pay for cloud services in crypto, which is expected to take effect in early 2023.
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In the midst of the contentious decentralization discussion, Binance will hard fork BNB Smart Chain.
在Binance Global Inc., operator of the world’s largest cryptocurrency exchange, said it will run a hard fork on its BNB Smart Chain (BSC) network on Wednesday to address a weakness that led to the theft of US$100 million worth of the network’s native token BNB on Oct. 6. The network that supports two of the top ten cryptocurrencies by market capitalization was due to undergo the fork at around 4 p.m. Hong Kong time, according to Binance. While the move is to improve security, it also raises perennial questions and debate about decentralization vs centralization in the crypto industry.
Lido, the leading liquid staking system on Ethereum, said Thursday it will support a wrapped version of its popular staked ether (stETH) token to Ethereum layer 2 networks Arbitrum and Optimism.Each stETH token represents an ether (ETH) token staked with Ethereum’s network, meaning it helps to secure the network in exchange for rewards. stETH, which has a market cap near $5 billion, trades around the price of ETH and has become an extremely popular asset in Ethereum’s budding decentralized finance (DeFi) scene.
Twitter’s crypto community has argued that PayPal’s now-canceled misinformation policy could drive more people toward crypto adoption.PayPal was forced to backtrack the decision after it drew the ire of its users and major stakeholders, including Elon Musk.The company’s spokesperson reportedly said:“PayPal is not fining people for misinformation, and this language was never intended to be inserted in our policy. We’re sorry for the confusion this has caused.”
Foreigners are fleeing from British assets. Investors are demanding a high price to fund the gigantic and growing current account deficit of 8% – about a year ago it was 2%. If you are resident in the UK, there's not much you can do dodge the bullet, apart from asking your employers to pay you in the mighty dollar, which keeps getting stronger, or in bitcoin. Bitcoin? Really! Bear with me.
Major crypto exchange Coinbase has announced that it’s been working with decentralized identity infrastructure provider Ethereum Name Service (ENS) to offer Coinbase-managed web3 usernames free to users – enabling them to use that username instead of a traditional address to send and receive crypto.
The Ethereum Merge has been completed and despite “high anticipation” around the transition, volatility remained subdued, Citi (C) said in a research report Friday.
The Merge was the first of five upgrades planned for the blockchain, and involved the switch to a more energy efficient proof-of-stake (PoS) consensus mechanism. Ethereum is now 99.95% more energy efficient than when it used a proof-of-work (PoW) process, the report said.
Last week was a celebratory one for Ethereum: the world’s second-largest blockchain successfully transitioned to Proof of Stake after a painstaking eight-year development process. (Read more here about the merge’s importance.) But on Monday, investors woke up to the token’s price at its lowest point since July. While Ethereum had climbed back to over $1700 in September, it’s now around $1330, amounting to more than a 20% drop.If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Here are a few reasons for the current downturn.
Bitcoin’s hashrate has been running hot despite the lower prices and the recent difficulty increases. In fact, blocks are being discovered faster than the ten-minute block interval average and because of this factor, the network’s reward halving may come sooner than expected. While some halving counters that simply leverage the ten-minute average note the halving is expected in May or April 2024, halving counters leveraging precise block interval times show the halving event could happen as early as March 1, 2024.
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