Blockchain Association CEO to Transition to Solana Advocacy Group

The Blockchain Association appoints Kristin Smith to lead the Solana Policy Institute The Blockchain Association has announced that Kristin Smith will be heading the newly established Solana Policy Institute. This appointment comes as a strategic move to enhance Solana’s engagement with policymakers and regulatory bodies. Kristin Smith’s extensive experience in government affairs and regulatory compliance [...]

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Is Ethereums Price Set to Hit $1.2K? PoS Transition Leads to Record-Low Fees

The price of Ethereum has soared to $1,200 as the transition to Ethereum 2.0 and the switch to Proof of Stake (PoS) is nearing completion. This significant milestone comes amidst a backdrop of decreasing gas fees on the Ethereum network, reaching all-time lows. With the implementation of Ethereum 2.0, the network will move from a [...]

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Unlocking the Evolution of Memecoins: How They Transitioned from a Social Experiment to Powerful Retail Tools

The rise of memecoins as a social experiment in extracting retail value In recent times, memecoins have gained popularity as a novel way to engage in a social experiment while also creating value for retail investors. These digital assets, often based on internet memes or trends, have captured the imagination of many individuals looking to [...]

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Should you buy Chainlink (LINK) after the announcement of PoS transition

Chainlink (LINK/USD) features decentralized oracle networks that provide tamper-proof inputs, as well as outputs and computations to support advanced smart contracts on just about any blockchain.

LINK is the native cryptocurrency that is used to help finance the growth of the overall project. 

Chainlink is typically utilized as a means of providing real-world data to smart contracts and bring it to the blockchain.

Through an official announcement, the Chainlink (LINK) protocol said that it would not support any forked version of the Ethereum blockchain.

This means that any Proof-of-Work (PoW) forks of Ethereum will not be supported by Chainlink post “The Merge ”, which is the latest upgrade to the Ethereum (ETH/USD) network. 

The protocol has aligned itself with the Ethereum Foundation and the Ethereum community’s decision.

This means that it will provide its services to Ethereum during and after the Merge; however, Chainlink will transition all of its Ethereum operations from the Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS) consensus mechanism.

Furthermore, in the announcement, Chainlink advised Ethereum developers as well as decentralized application (dApp) teams to develop their smart contract operations accordingly as a means of avoiding future mishaps. 

On August 9, 2022, Chainlink (LINK) had a value of $8.488.

To get a better perspective as to what kind of value point this is for the LINK cryptocurrency, we will be going over its ATH, as well as its performance throughout the previous month. 

The all-time high of the Chainlink (LINK) cryptocurrency was on May 10, 2021, at a value of $52.70.

When we go over its performance throughout the previous month, we can see that Chainlink (LINK) had its lowest point of value on July 13 at $5.8256. Its highest point of value was on July 30 at $8.1747.

Here we can see an increase in value of $2.3491 or by 40%.

With this in mind, we can expect the LINK cryptocurrency to reach $12 by the end of August 2022.

The post Should you buy Chainlink (LINK) after the announcement of PoS transition appeared first on Invezz.

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Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future

Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made an announcement regarding the termination of its current Bitpay prepaid Mastercard program. This decision [...]

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EU silence does not make USDT MiCA-compliant, says exec

While MiCAs implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCAs total 36-month timeline.

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Starboard Value takes stake in Riot Platforms, eyes AI shift

The activist investor is said to be pushing Riot to optimize the use of its facilities the same way many of its colleagues already have.

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European Commission Unveils Strategy to Lead Web 4.0 and Virtual Worlds

A new strategy for Web 4.0 and virtual worlds has been unveiled by the European Commission in an effort to steer the next technological revolution and guarantee a safe, open, and welcoming online environment for individuals, organizations, and government agencies across the EU. (Read More)

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Cyprus freezes crypto applications ahead of EU-wide MiCA transition

The CySEC has warned crypto asset service providers of coming changes as the continent braces for MiCA.

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Singapore’s Crypto.com to Halt US Institutional Division Citing ‘Limited Demand’

Singapore-based cryptocurrency exchange Crypto.com announced that it intends to halt services for institutional traders in the United States on June 21, 2023. The exchange cited “limited demand” as the reason for suspending its institutional offering. Crypto.com to Cease U.S. Institutional Services on June 21 Crypto.com, the Singapore-based cryptocurrency exchange with 80 million customers worldwide, announced

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Solar price prediction as transition to the new SXP continues

Solar (SXP/USD) price has been in a strong performance in the past few days. It jumped to a high of $0.9417, the highest point since May last year. It has jumped by more than 325% from the lowest point this year, giving it a market cap of over $448 million.  What is Solar and why …

<p>The post Solar price prediction as transition to the new SXP continues first appeared on CCNC | Cryptocurrency Newscast.</p>

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US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States

After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that [...]

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