95ab616d7ed3755e887c0c8abd77dfdd0fef68b0 Big Crypto

What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

Aug 7, 2022

Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. There’s growing concern that the upcoming merge will put ETH miners out of their jobs. This can be traced to the effect of the asset’s merge on the operat ...read more

China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review

Aug 7, 2022

From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never a dull moment in the world of cryptocurrency news. Without further ado, this is your bite-sized digest of the week’s hottest stories from Bitcoin.com News. Report ...read more

L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31

Aug 7, 2022

On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says that developers need to prepare contracts and users should get prepared for faster transactions and lower fees. Offchain Labs Reveals Mi ...read more

Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance

Aug 7, 2022

Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning followed numerous tweets by CZ and Wazirx’s founder regarding whether Binance acquired Wazirx. Binance’s Warning: Transfer Your Funds The conflict between global crypto exchange Binance and Indian crypto exchange Wazirx has deepened. Binance CEO Changpeng Zhao (CZ) tweeted Friday ...read more

CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures

Aug 7, 2022

CME Group, a leading derivatives marketplace, today announced its plans to expand further its cryptocurrency derivatives offering with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August 29th, pending regulatory review. Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. The new contracts are cash-settled, based on the CME CF Bitcoin-Euro Reference Rat ...read more

Shark Tank Star Kevin O’Leary Buys the Bitcoin Dip — Says Crypto ‘Desperately Needs Policy’

Aug 7, 2022

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has bought the dip during the recent cryptocurrency market sell-off. He added: “Now crypto itself desperately needs policy. It needs regulation.” Kevin O’Leary Buys the Dip, Comments on Bitcoin Price Kevin O’Leary shared his crypto market outlook and investment strategy during this bear market in an interview with Stansberry Research, published Thursday. “I see bitcoin sort of testing $20,000 all the time, getting a lot ...read more

A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets

Aug 7, 2022

Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month. As usual, the idea of a forked token gets people excited and some individuals get upset, and even though the token hasn’t been created yet, there’s now a website called ethereumpow.org summarizing the coin’s goals. The Merge Upgrade Could Produce an ...read more

Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021

Aug 7, 2022

While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and projects obtained last year. H1 Crypto Ecosystem Funding Report Shows Capital Continues to Flow Despite Crypto Winter A ...read more

Elon Musk Accuses Twitter of Fraud in Countersuit Over $44B Deal — Twitter Subpoenas Binance and Other Firms

Aug 7, 2022

Tesla CEO Elon Musk has accused Twitter of fraud in his countersuit against the social media company. Twitter filed a lawsuit against the billionaire to force him to go through with the $44 billion deal to buy the platform. “The Musk parties bring their counterclaims for breach of contract and rescission on the basis of Twitter’s fraud.” Elon Musk’s Legal Battle With Twitter Intensifies Tesla and Spacex CEO Elon Musk has filed a counter-lawsuit against Twitter after the social me ...read more

Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts

Aug 7, 2022

Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash via an automated clearing house (ACH) transfer. Voyager Digital Plans to Open the Withdrawal Gates and Limit Customers to $100K ACH Transfers on August 11 Last month, on July 1, Voyager Digital s ...read more