Connect with us

Crypto

Ethereum set to make its most important upgrade ever

Published

on

Ethereum is about to undergo its long-awaited makeover, which will shift the company from its energy-intensive model

Ethereum has been working to shift from its proof-of-work method to a proof-of-stake model, which uses far less power than mining.

Cryptocurrencies have been criticised for their mining processes to generate new coins. But this new method will be eco-friendly and lead to faster transactions.

Tim Beiko is the coordinator for Ethereum’s Protocol Developers, who says the network is stable.

But he says the test hit “some minor known issues,” and developers “will be spending the next few days triaging them”.

The transition has repeatedly been pushed back because of major flaws. However, developers reportedly say the latest test run was very smooth.

Ethereum has lost nearly half its value this year and is trading at just over US $1,800.

Investors will continue to keep an eye out on what will come out of this upgrade.

Meanwhile, Bitcoin investors can enjoy a sigh of relief as the cryptocurrency bounces back after months of turbulence.

Continue Reading

Crypto

SWIFT could soon be opening up with blockchain assets after new deal

Published

on

SWIFT could soon open up even further with blockchain assets

The financial telco is teaming up with the blockchain oracle network, Chainlink.

The pair are working on a proof-of-concept, which would allow SWIFT to allow token transfers across a range of blockchain environments.

The company believes this will give financial institutions the chance to become blockchain-friendly, without higher costs.

It’s not the first time these two firms have worked together. In fact, another proof-of-concept around bond issuance was tested around five years ago.

Continue Reading

Business

We know how the crypto market will recover, but when?

Published

on

$2.2 Trillion Institutional Crypto Price Prediction Reveals Bitcoin And Ethereum Could Be Poised For Recovery

The crypto market took a huge hit after the Federal Reserve’s announcement of quantitative easing, but one analyst is predicting that both bitcoin and ethereum could stage a recovery in the near future.

According to a report from investment firm JP Morgan, the two largest cryptocurrencies by market capitalization could see prices rise to $14,000 and $3,900 per coin, respectively.

This would represent a significant rebound from their current levels of around $10,000 and $200.

The report cites the recent influx of institutional investors into the crypto space as a key driver of this price growth.

With more and more big money players getting involved in crypto, JP Morgan predicts that the market could soon see a “new paradigm” of price discovery.

So far, crypto has been largely driven by retail investors, who are often more prone to emotional buying and selling.

With institutional investors coming in, there could be more stability in the market and less volatility.

JP Morgan’s report is just one of many bullish crypto predictions that have come out in recent months.

With more and more mainstream companies and financial institutions taking crypto seriously, it seems that the once-niche market is finally coming into the mainstream.

Continue Reading

Business

Ex-Crypto boss Do Kwon denies he’s on the run

Published

on

Do Kwon is denying reports he is on the run

The founder of Terraform Labs denied reports he is on the run from South Korean authorities.

It follows an international arrest warrant being issued for the cryptocurrency executive

Kwon’s company was behind the algorithmic stablecoin terra and its sister token luna, which collapsed in value from around $60 billion to nearly nothing in May.

The collapse of these tokens caused a ripple effect throughout the cryptocurrency industry, with those exposed to terra and luna, including Three Arrows Capital, feeling the pain.

Kwon insists that he is not fleeing from authorities and is cooperating with investigators.

Some analysts say this case highlights the risks associated with investing in cryptocurrency.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD