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Topics - trendcoin

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In order to become a full validator for the Ethereum network, one is required to stake 32 Ether (ETH), which is worth around $47,000 at the time of writing.

A pre-Merge report from blockchain analytics platform from Nansen earlier this month revealed that 64% of staked ETH is controlled by just five entities.


The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in a Thursda developer call it would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000.

The world’s largest exchange by transaction volume announced the move in a bid to provide stability during The Merge, which is touted to take place in mid-September 2022. Binance becomes the second major exchange to announce the suspension of ETH deposits and withdrawals, following Coinbase earlier in August 2022.

Little impact on gas fees

The Ethereum Foundation, the organization behind the Ethereum blockchain, has asserted the Merge will have little impact on gas fees. This means that gas fees will remain relatively high, depending on the demand and supply of computation power.


As Cointelegraph reported last week, the majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services (AWS), which experts believe could expose the Ethereum blockchain to the central point of failure post Merge.


The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years.

According to the Bank of Russia’s latest monetary policy update, the authority will begin to connect all banks and credit institutions to the digital ruble platform in 2024. That would be an important year for Russia as the country is expected to hold presidential elections in March 2024 and incumbent President Vladimir Putin has the constitutional right to get re-elected.

Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability and sharp increases in Bitcoin (BTC) production.

Crypto mining companies Marathon Digital Holdings at 124.12%, Core Scientific at 110.39%, Hut 8 at 98.95% and Riot Blockchain at 96.69% have seen their stock prices rocketing upward over the last 30-days, according to data from Yahoo Finance — significantly outperforming BTC with 18.0% and Ether (ETH) with 67.8% asset prices.

The Ethereum Merge may be coming sooner than planned, after core developers announced a tentative Merge date of Sept. 15, which will see the blockchain transition to proof-of-stake (PoS).

The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in a Thursda developer call it would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000.

Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed its support behind Ethereum’s upcoming Merge upgrade and switch to a proof-of-stake (PoS) consensus mechanism-based blockchain.


Enkrypt, created by MyEtherWallet (MEW), aims to address this problem. Originally recognized as the first-ever wallet interface for Ethereum, the team has since focused its aim to address this new concern in the market by partnering with Polkadot to build its own Web3-compatible wallet extension, released under the name Enkrypt.

In response to this mission, MEW founder and CEO Kosala Hemachandra shares,

"Ethereum and Web3 are revolutionizing crypto away from simple value-transfer chains like Bitcoin, but the growth of smart contract chains comes with challenges for users. With Enkrypt, we are solving for a better user experience and seamless interoperability in the multichain future."

Binance / Binance Card users now have access to XRP, SHIB and AVAX
« on: August 06, 2022, 07:57:42 PM »
Binance announced on Friday that its Binance Card now supports three new altcoins. Card users can now access their holdings of Ripple (XRP), Shiba Inu (SHIB) and Avalanche (AVAX).

With the latest addition, the card now supports 14 cryptocurrencies, including Cardano (ADA), Avalanche (AVAX), BNB, Bitcoin (BTC), Binance USD (BUSD), Polkadot (DOT), Ether (ETH), S.S. Lazio Fan Token (LAZIO), FC Porto Fan Token (PORTO), Santos FC Fan Token (SANTOS), SHIB, Swipe (SXP), Tether (USDT) and Ripple (XRP).

Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and USD Coin (USDC) could become “a significant decider in future contentious hard forks.”

Buterin was speaking at the BUIDL Asia conference in Seoul on Wednesday, along with Illia Polosukhin, the co-founder of Near Protocol,to discuss Ethereum’s upcoming Merge.

As the floor prices of popular nonfungible token (NFT) collections took a nosedive along with the broader crypto market, an NFT expert believes that this is a good opportunity for investors within the space.

In a Cointelegraph interview, Ahren Posthumus, the CEO of NFT marketplace Momint, shared his thoughts on compelling NFT use cases, its role in contributing to climate action and what NFT investors should focus on during the current bear market.

Binance / Binance Launchpool! Farm GAL By Staking BNB, BUSD and CAKE
« on: April 30, 2022, 09:49:05 AM »
Binance is excited to announce the 30th project on Binance Launchpool - Project Galaxy (GAL), a Web3 credential data network.
Users will be able to stake their BNB, BUSD and CAKE into separate pools to farm GAL tokens over 30 days, with farming starting from 2022-04-29 00:00 AM (UTC).

Binance will then list GAL into the innovation zone at 2022-05-05 12:00 PM (UTC) and open trading with GAL/BTC, GAL/BNB, GAL/BUSD and GAL/USDT trading pairs.

There’s a special bond between mothers and their sons. For pseudonymous Alan, a 28-year-old engineer, a Bitcoin (BTC) loan helped his mom to buy a house.

Alan told Cointelegraph that he took out a Bitcoin-backed loan in 2021 — serendipitously on his sister’s birthday — to gift his mom the tax-free money. She then used the funds to buy a house in North Yorkshire, England, while Alan kept his Bitcoin.

I don't trust the news in the media too much. But the news is good news. Success stories increase confidence in the market.

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