Results of the week: Ethereum was transferred to POS, and Seoul court issued an arrest warrant to Kvon
Ethereum developers transferred blockchain to the Proof-OF-Stake consensus algorithm, Bitcoin could not stay above $ 22,000 from the USA from the USA, FORKLOG launched the Ukrainian-language version of the magazine and other events of the outgoing week.
The price of bitcoin rose above $ 22,000, and then rolled below $ 20,000
On September 12, bitcoin quotes updated the September maximum, testing the level of $ 22,800.
On Wednesday, September 14, after the publication of a report on consumer prices in the United States, the first cryptocurrency exchange rate began to fall. Over the next days, the asset found local support at $ 19,500.
At the time of writing, digital gold is traded near $ 19,700.
The difficulty of Bitcoin mining this week updated the historical maximum.
Almost all digital assets from the TOP-10 on market capitalization closed a week in the red zone. The exception is XRP, whose quotes have grown by almost 8% over the past seven days.
The total capitalization of the cryptocurrency market amounted to $ 997.73 billion. Bitcoin dominance index increased to 37.9%.
On the Ethereum network activated The Merge. Blockchain switched to POS algorithm
September 15 at 9:42 (Kyiv/MSC), developers activated the large -scale update of The Merge in the main network Ethereum. The blockchain was successfully transferred to the consensus algorithm Proof-Of-Stake (POS). The level of participation of validators exceeded 96% with 66% permissible, according to Nansen.
In the first block after the Ethereum transition to POS, the user released NFT, paying 36.8 ETH (~ $ 58 700) as a transaction commission. The last Pow block in the blockchain was #15 537 393. The F2Pool mining pool added a comment to it. The first POS block was also accompanied similarly-HashKey Capital found it.
The developers of the Ethereum Pow Bill have announced the launch of the mainnet within a day after The Merge. A few hours after the activation of the update, the team published network identifiers. The support of the asset was announced by a number of platforms, including Binance, Bybit, FTX, KRAken and others.
A day after The Merge, the cost of ETHW fell by 70%, and the computing power of the network was estimated at the peak of 100 Th/S, which is comparable to 1/9 of the Heshrelite Ethereum.
The main beneficiaries of the miners migration were alternative Pow blockchains: Ethereum Classic (ETC), Ergo (ERG), Ravencoin (RVN) and others. Heshreite ETC grew by 300%.
Nansen analysts drew attention to the fact that four platforms control over 61% Ethereum in staining.
Grayscale Investments, the digital assets managing digital assets, said that it would sell the ETHW cryptocurrency obtained after launching Ethereum for the consensus algorithm Proof-OF-WORK (POW). Profit will be distributed between shareholders Ethereum Trust (Ethe) and Digital Large Cap Fund (GDLC).
Grayscale expects to realize cryptocurrency within 180 days from the announcement of the initiative. After starting the Etherempow blockchain, ETHE has received over 3 million ETHW, GDLC – about 0.04 million ETHW.
The court in South Korea issued an arrest warrant to Kwon
The court in Seoul issued an arrest warrant of the head of Terraform Labs, which was behind the collapsed Luna and UST, and five more people on charges, including violations of capital laws. According to the prosecutor’s office, six defendants are in Singapore.
Later, the prosecutor’s office of the Southern District of Seoul turned to the local Foreign Ministry with a request to cancel the passports of five people, https://gagarin.news/news/an-interview-with-dmitry-budorin-hacken/ including Kvon.
On September 17, Reuters, citing the Singapore police, reported that the head of Terraform Labs left the city-state. Similar data are given by the local Lianhe Zaobao newspaper.
Terraform Labs head denied information about his escape. According to him, he is not hidden from government agencies who are “interested in communication” with him.
FORKLOG launched the Ukrainian -language version of the magazine
The cult magazine FORKLOG launched the Ukrainian version of the publication. As always, we will talk about the most important and interesting news of the world of cryptocurrencies, blockchain and web3 every day every day.
Ukrainian community is growing rapidly, as well as the popularity of digital currencies among citizens. Ukraine has been entering the world leaders on the adoption of cryptocurrencies for several years in a row, President Vladimir Zelensky signed the Law on Virtual Assets, and Vitalik Buterin declared the country’s potential to become a cryptohab.
We strive to develop Ukrainian crypto community and grow with it. In addition to the news of the Bitcoin industry, Forklog UA will cover the topics of confidentiality on the Internet, artificial intelligence, metavselnaya, NFT market and other segments of the digital world.
Huobi will delustrate seven anonymous cryptocurrencies
On September 19, the Huobi cryptocurrency exchange will exclude seven coins oriented to the confidentiality of coins from Listing.
The solution applies to Dash (Dash), Decred (DCR), Firo (Firo), Monero (XMR), Verge (XVG), ZCash (ZEC) and Horizen (Zen). They were terminated on September 6, deposits – September 12. The output option is still available.
Electric Coin Company, standing behind the development of ZCASH, criticized Huobi solution. The company emphasized that they were ready for a dialogue with a trading platform. In their opinion, ZEC “is completely compatible with global AML/CFT”.
What to discuss with friends?
- A resident of South Korea sentenced to prison for harassment in the metavselnaya.
- Ecologists decided to “push” bitcoin to the transition to the POS algorithm.
- A wave of benches about The Merge on behalf of Vitalik Buterin appeared on Twitter.
- Ukrainian supermarkets Varus began to accept cryptocurrencies.
The United States called the conditions for withdrawing assets from Tornado Cash addresses
The US Department of Finance allowed users to display digital assets with Tornado Cash addresses affiliated with the mixer. To do this, you must apply for an appropriate license from OFAC, providing detailed information about the transaction.
On Friday, September 16, the White House also presented the concept of regulation of the cryptocurrency industry. Earlier, US President Joe Biden issued a decree ordering federal departments to coordinate efforts to supervise the industry.
The concept was criticized by community participants. At the same time, the head of the Binance exchange Chanpeng Zhao praised the efforts of the presidential administration. According to him, the US national approach to cryptocurrency supervision will ensure the systematic and clarity of regulation.
The media learned about CEO Celsius plans to revive the company
CEO Celsius Network Alex Mashinsky at a meeting with employees voiced a plan to save the company from bankruptcy. According to his plan, Celsius should focus on cryptocastodial services and “charging a commission for certain types of transactions”.
The new project supposedly will be called Kelvin.
In Opera Crypto Browser integrated Metamask and other cryptocurrencies
Opera users can now choose the necessary crypto -co -goss right in the address bar using the Wallet Selector function. The solution automates the process of switching between applications when exchanging tokens or transactions with Dapps.
The company integrated domain names for the ENS type and a decentralized Pancakeswap exchange based on BNB Chain, and also updated the mobile application.
Fidelity will offer bitcoin trading retail customers. Charles Schwab, Citadel and Fidelity will launch the EDX Markets crypto -tank
At the beginning of the week, the media reported that the Fidelity investment giant will offer Bitcoin trading to retail customers of the brokerage unit. Various crypto -tf and cryptocastodial and trading services oriented at institutions are currently available.
At the same time, it became known that the giants of Charles Schwab, Citadel Securities and Fidelity Digital Assets with the support of Paradigm, Sequoia Capital and Virtu Financial are preparing to launch the Edx Markets exchange. According to the announcement, the highly liquid platform will serve both institutional and retail investors.
Also on FORKLOG:
- Dogecoin became the second capitalization of Pow Critical.
- The head of SEC made recognition of cryptocurrencies on POS securities after Ethereum migration.
- Capitalization of Binance USD exceeded $ 20 billion.
- Chanpen Zhao appreciated the bill on the regulation of cryptocurrencies in the EU.
What else to read?
In educational cards, they told how to choose a bitcoin wallet and why the SOPR indicator is needed. They explained the features of the work of NEAR and HARMONY, and also remembered the story of the collapse of the cryptocurrency exchange MT.Gox.
In traditional digestes, the main events were collected for a week in the areas of cybersecurity and artificial intelligence.
The cryptocurrency industry is attracted by an increasing number of institutional players. This is evidenced by new investments in infrastructure and more close attention, which companies show to bitcoin as a class of assets. The most important events of the last weeks are in the FORKLOG review.
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.