Author: CryptoNews

Tether formally supports Ethereum’s Merge according to a recent announcement. Stablecoin juggernaut Tether has now formally confirmed its support for Ethereum’s forthcoming Merge upgrade and conversion to a Proof-of-Stake (PoS) consensus mechanism-based blockchain, after an official announcement by USD Coin (USDC) issuer Circle Pay. Tether Formally Supports Ethereum’s Merge The announcement was made on the same day as a stablecoin rival who promised to only support the much-anticipated upgrade to Ethereum. The Merge, which Tether called one of the most critical moments in blockchain history in a statement on August 9, will function in accordance with the Ethereum upgrade schedule, which…

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Hardware maker Nvidia is ramping up its efforts to make a stand in the Metaverse. On Tuesday, the company revealed a new set of developer tools focused on metaverse environments, including new AI capabilities, simulations and other creative assets. Creators utilizing the Omniverse Kit, along with apps such as Nucleus, Audio2Face and Machinima, will be able to access the new upgrades. Nvidia says one primary function of the tools will be to help enhance building “accurate digital twins and realistic avatars.”The quality of metaverse interaction is a hot topic in the industry, as developers and users ponder the quality of experiences over the…

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Bitcoin price started a fresh decline from the $24,250 resistance zone against the US Dollar. BTC declined below $23,000 and remains at a risk of more losses. Bitcoin started a fresh decline below the $23,500 support zone. The price is now trading below the $23,500 level and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $23,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $23,250 resistance to start a fresh increase in the near term. Bitcoin Price Breaks Support Bitcoin…

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Magic Eden submits a proposal to launch the “ApecoinDAO” NFT marketplaceThe marketplace intends to provide utility to Apecoin holders by building a custom marketplace to trade and purchase NFTs.  Leading Solana NFT marketplace Magic Eden has submitted a proposal to the ApecoinDAO to build a special NFT marketplace for $Apecoin users.  Magic Eden Proposes ApeCoinDAO.  Magic Eden’s proposal to build an NFT marketplace intends to offer Apecoin holders a chance to trade and purchase NFTs at a transaction fee of 0.75%.  Outlining the special features that the marketplace will be equipped with, Magic Eden further added that it intends to…

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Troll sends celebs ETH from Tornado Cash in order to address a potential regulatory problem. An anonymous user made a large number of transactions on Tornado Cash on Tuesday to addresses of celebrities in order to accomplish his mission. Troll Send Celebs ETH from Tornado Cash According to Etherscan, affected wallets include those run by Coinbase CEO Brian Armstrong, TV presenter Jimmy Fallon, sportswear company Puma, and a wallet intended for donations to Ukraine. Popular cryptocurrency figures like the artist Beeple and more well-known figures like the comedian Dave Chappelle received ether (ETH). Someone is out dusting a bunch of…

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Nepal’s Central Bank is set to issue digital currency as a proposal to change the law is circulating among Nepalese lawmakers. According to recent events, Nepal is about to change its stance on digital currencies in a significant way. The 2002 Act will be modified as part of the proposed modification to enable the Central Bank of the nation to design and issue its own digital currency. Amending the law As the globe advances in digitalization even further, Nepal has jumped on board. The Nepal Rastra Bank, the nation’s central bank, has taken this measure to reassess its stance on…

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Digital property rights are the key to a thriving Web3 economy according to the co-founder of Animoca who also stated that strong property rights in the real world are one of the most telling signs of a prosperous economy. In Web3, these rights are made possible by digital property rights. Digital Property Rights & A Thriving Web3 Economy According to Yat Siu, co-founder of the Hong Kong-based venture capital firm Animoca Brands, the key features of blockchain technology that will propel a more decentralized society is on-chain digital property rights. The Hong Kong entrepreneur made the following remarks at Korean…

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South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country has banned play-to-earn (P2E) blockchain games due to the crypto integration. The new pro-crypto president Yoon Suk-yeol had hinted at lifting the ban, but the government has yet to show any significant effort.Anthony Yoon, managing partner of blockchain investment and accelerator firm ROK Capital, in an exclusive interview with Cointelegraph, said that GameFi is a natural fit for Korean game publishers. Yoon shed light on the current state of GameFi in the country and how game studios are approaching blockchain integration…

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Binance has ceased the off-chain fund transfer channel between itself and WazirXOn-chain transfers will still be available for the users to deposit and withdraw.  Leading cryptocurrency exchange Binance has recently decided to remove the off-chain fund transfer channel between itself and the Indian exchange WazirX.  Binance Suspends Off-Chain Transfer Channel Between Itself And WazirX Per an officially released statement, Binance has reiterated its previous stance against the Indian crypto exchange WazirX, stating that the exchange does not own or manage WazirX in any way possible.  Furthermore, the exchange has now officially removed the off-chain fund transfer channel between the two…

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F2Pool co-founder says that he is not cheating the Ethereum POW system. Chun Wang, a co-founder of F2Pool, has replied to claims that his mining pool has tampered with Ethereum block timestamps in order to consistently increase mining rewards. The mining pool is accused of conducting a “consensus-level” attack on Ethereum over the past two years in order to gain an advantage over “honest” miners, according to claims made in a study published on August 5 by researchers at The Hebrew University. Wang, in response, implied that willfully abusing the system’s rules doesn’t always constitute a rule violation by writing…

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