Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub. In a Thursday announcement, Siam Commercial Bank’s SCB X Group said it would no longer be paying 17,850 million Baht — roughly $536 million in November and $497 million at the time of publication — to acquire a 51% …
Read More »Coinbase introduces wrapped staked ETH asset ahead of the Merge
Coinbase has launched a new asset consisting of Ether tokens that are staked and wrapped through the crypto exchange. In a Wednesday announcement, Coinbase said it will be listing Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network as an ERC-20 token, allowing customers to use their staked Ether (ETH) while earning rewards on the exchange. According to its website, …
Read More »Bank of Finland governor says digital euro could facilitate pan-European services to consumers
In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe. The European Central Bank’s (ECB) investigation into the plausibility of the …
Read More »Bug bounty quadruples for Ethereum network — Up to $1M payouts ahead of Merge
The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake. In a Wednesday blog post, the Ethereum Foundation said between Aug. 24 and Sept. 8, all “Merge-related bounties for vulnerabilities” will be quadrupled for white hats testing the network. According to the foundation, identifying “critical bugs” — those …
Read More »ETH whales move holdings onto exchanges before Merge
The Ethereum blockchain is slated for one of the most significant updates since its inception as it transitions from its current proof-of-work mining consensus to a proof-of-stake (PoS) one. The Merge date is scheduled for Sept. 15after the successful Goerli testnet integration — the final testnet merger before the actual transition. Ether (ETH), Ethereum’s native token, saw a bullish surge …
Read More »Crypto adoption in Ireland down over 16% in the last year
The number of crypto investors in Ireland has decreased slightly in the past year, or so it appears, according to recent data from Finder.com. The report revealed that cryptocurrency adoption in the island nation has dropped by approximately 16.6% within the last year. Of the surveyed adult Irish internet users, 10% own cryptocurrency, as opposed to 12% in 2021. Finder’s …
Read More »Best 10 Best Sweet Almond Oils in India (2022) Extra Virgin Oils
Sweet almond oil is obtained from the almonds by the cold pressing method. This method shows that the oil is free of any additives or chemicals like hexane. Normally, hexane is used as a catalyst that helps to extract the oil faster from the seeds and nuts. These are the best brands of sweet almond oils that we have included …
Read More »72% of Russians say they have never bought Bitcoin: Survey
Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently noever bought crypto, according to a new survey. Switzerland-based cryptocurrency wallet provider Tangem in July conducted an online poll to learn more about cryptocurrency investors in Russia. As many as 72% of the 2,100 respondents claimed that they have never bought cryptocurrencies …
Read More »Bitcoin sits at range high as realized price sparks BTC ‘macro signal’
Bitcoin (BTC) inched closer to $22,000 on Aug. 25 as realized price provided the next major hurdle for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Realized price inspires confidence Data from Cointelegraph Markets Pro and TradingView showed BTC/USD grinding higher overnight to come face to face with $21,700. That level, coinciding with realized price, had marked the key flip …
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