Christian Nwobodo

CryptoSlate Wrapped Daily: Bitcoin drops 6.5% after Fed’s 75 bps rate hike; Tether under pressure to produce documents on USDT reserve

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The biggest news in the cryptosphere for Sept. 21 includes Bitcoin tanking 6.5% after Fed announced a 75 bps rate hike, a court ordering Tether to provide documents on its reserves, and Ethereum Devs looking to enable withdrawals in the upcoming Shanghai upgrade. CryptoSlate Top Stories Developer consensus supports Ethereum withdrawals in upcoming Shanghai upgrade … Read more

CryptoSlate Wrapped Daily: Wintermute hacked of $160M, SEC claim jurisdiction over Ethereum transactions

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The biggest news in the cryptoverse for Sept 20 includes Wintermute losing $160 million to DeFi operation hack, Ethereum developer confirming that Shanghai upgrade will not unlock staked ETH, Experts arguing that SEC cannot claim jurisdiction over Ethereum transactions, MicroStrategy buys an additional 301 Bitcoin for $6 million. CryptoSlate Top Stories Wintermute reveals $160M hack … Read more

Vitalik Buterin argues that highly decentralized DAOs will be more efficient than corporations

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Ethereum co-founder Vitalik Buterin laid out arguments to support the view that decentralized autonomous organizations (DAOs) could be more efficient than traditional corporations in the presence of highly decentralized governance models. Ongoing conversations in the crypto community suggest that highly decentralized DAOs have been inefficient. Many are of the view that protocols could become more efficient … Read more

GrayScale Investment moves to sell all ETHPOW tokens

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GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum’s transition to proof-of-stake (PoS). Shortly after the Merge on Sept. 15, miners hard-forked Ethereum to launch the Ethereum PoW network. As proposed,  ETHPoW tokens were distributed to eligible ETH holders. Two funds owned by GrayScale Investment received a cumulative sum … Read more

Osmosis co-founder questions the effectiveness of ETH staking post-merge

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Osmosis Co-Founder Sunny Aggarwal has questioned the effectiveness of Ethereum’s staking model as it will not enable withdrawal of staked ETH post-merge. Currently, there are 13.7 million ETH staked on the beacon chain. According to the PoS design, the assets will remain locked until the Shanghai update goes live in the future, In a commentary … Read more

CryptoSlate Wrapped Daily: Ethereum switches to PoS, ETH falls below $1,500 as over $150M is liquidated

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The biggest news in the cryptoverse for Sept. 15 includes ETH falling below $1,500 as over $150M is liquidated, the first post-merge NFT “The Transition”  minting for $60,000, Charles Hoskinson saying that Ethereum’s Merge changes nothing. CryptoSlate Top Stories Ethereum switches to PoS after successfully completing the Merge Arguably the biggest moment in the history … Read more

How to follow The Merge in real-time – CryptoSlate Merge Watch Party line-up announced

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CryptoSlate has put everything in place to ensure you have the best experience as we celebrate one of the biggest events in the history of the internet- the Ethereum Merge. Dubbed The Panda Reveal Party, the stream starts at 3:00 PM UTC on Sept. 14, and CryptoSlate will be live streaming all-day until the Merge … Read more

Bifrost, Coinbase Cloud collaborate to offer cross-chain liquid staking on Kusama

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Cross-chain liquidity provider Bitfrost has collaborated with Coinbase Cloud to offer its liquid staking service on the Kusama network, according to a Sept.6 announcement. Bifrost was built using the cross-consensus messaging (XCM) system which allows for easier transfer of liquidity for assets staked across the Polkadot ecosystem. The collaboration will see Bifrost leverage Coinbase Cloud‘s … Read more

CryptoSlate Wrapped Daily: BTC short liquidations reach $9M, Ava Labs CEO deems CryptoLeaks’ allegations ‘conspiracy theory’

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The biggest news in the cryptoverse for Aug. 29 includes the liquidation of $9 million in Bitcoin shorts, a report showing that the majority of GameFi investors are interested in profit rather than gameplay and Ava Labs’ CEO denying CryptoLeaks’ allegations that it had a deal with law firm Roche Freedman to use “litigation as … Read more

Binance will refund users affected by potential Ethereum fork after the Merge

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With the Ethereum merge expected to take place between Sept. 10 and Sept. 20, Binance said it will refund users affected by a potential fork of the Ethereum chain an equal amount of their ETH holdings. Binance announced on Aug. 25, its plan to support and protect users’ funds regardless of the outcome of the … Read more