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Showing posts from September, 2022

Cardano Price Fails To Pierce Through $0.48 As Bears Continue To Dominate

  Cardano's price has decreased on its graph. over the past day, ADA fell by 0.6% The bulls had helped the coin to soar close to the $0.46 level as demand for the coin returned briefly on the graph.  There has been rigid resistance to the altcoin of the $0.48 price mark the technical outlook of the Cardano price has to look bearish on the graph.  The support zone for the coin stood between $0.44 and $0.40 ADA may trying to move to $0.46 before attempting $0.48. The live Cardano price today is $0.431903 with a 24-hour trading volume of $695,035,663.Cardano is down 5.67% in the last 24 hours.The current CoinMarketCap ranking is #8, with a live market cap of $14,788,411,873 USD. It has a circulating supply of 34,240,089,327 ADA coins and a max. supply of 45,000,000,000 ADA coins. Read full news at: https://cryptounity.news/cardano-price-fails-to-pierce-through-048-as-bears-continue-to-dominate .

What is the Ethereum Merge? : All you need to know about Ethereum Merge 2.0

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy Proof-of-work (PoW) system. This will bring about a 99.95% decrease in Ethereum’s energy utilization, and the capacity to additional scale the Ethereum environment. It will bring about Ethereum 2.0, another adaptation of Ethereum. Currently, there are two independent blockchains for Ethereum operating in isolation. These are the current proof-of-work (POW) Ethereum chain and a separate proof-of-stake Beacon Chain. The Merge means to emphatically work on the effectiveness of the Ethereum platform by eliminating the requirement for energy-concentrated mining. It rather permits a network of validators to assume control over the job of block production and consensus. Read full news at:  http://cryptounity.news/what-is-the-ethereum-merge-all-you-need-to-know-about-ethereum-merge-20

Ethereum ready for The Merge as last shadow fork completes successfully

 The successful completion of the last shadow fork signaled the readiness of the Ethereum Network for migrating to a proof-of-stake consensus mechanism. Ethereum developers confirmed that completed the shadow forks required for the highly anticipated blockchain upgrade.  Shadow forks help developers stress test synchronization assumptions to ensure network safety during upgrades. developer introduce the first shadow fork on 11th Apr 2022.  Read full news at: https://cryptounity.news/ethereum-ready-for-the-merge-as-last-shadow-fork-completes-successfully

Terra’s LUNA Gains 200% in a 24 Hours Amid Speculative Frenz

 Terra's network LUNA Token comes after a similar increase after a similar surge of the Collapsed Terra Classic blockchain's LUNC token.  Terra LUNA token spiked in a few hours trading close to its all-time high set in early June when the token was introduced.  The  Terra  LUNA token price is almost increased by $7 from less than $2. LUNA was changing at $6 up more than 212% in the last day. Read full news at: http://cryptounity.news/terras-luna-gains-200-in-a-24-hours-amid-speculative-frenzy

Binance US launches low-barrier Ethereum staking ahead of The Merge

  Binance US has launched its own Ethereum staking service with returns more attractive than those of its closest competitors.  On September 7th Binance US expressed a 6% APY Ethereum Staking service offering 6% of its users' initial annual percentage yield.  According to Binance US, this new feature will allow users to start ETH Staking with a minimum of 0.001 ETH an amount much more accessible than the 32 ETH required to be eligible as an Ethereum validator.  Read full news at: http://cryptounity.news/binance-us-launches-low-barrier-ethereum-staking-ahead-of-the-merge

RBI preparing to trial a CBDC with public sector banks and fintechs

The Reserve Bank of India (RBI) talks with fintech companies and state-controlled banks about the trial run of CBDC on Sept 5.  The trial CBDC in India before the end of this fiscal year, most probably in three steps U.S based FIS is reportedly participating.  FUS was mentioned as one of the fintech companies with which the RBI is consulting Read full news at: http://cryptounity.news/rbi-preparing-to-trial-a-cbdc-with-public-sector-banks-and-fintechs

Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead of the Merge

 Binance expressed its aim to remove $USDC as a tradeable asset from its platform. Cryptocurrency exchange Binance expressed that it plans to suspend Ethereum (ETH) and Wrapped Ethereum (WETH) deposits and  Withdrawals ahead of the merge starting on September 6th at 2 AM (UTC) Binance declares a list of tokens and networks that will be impacted during the merge.  Namely ETH (Arbitrum), ETH(OP), and WETH(RON). Binance stated that deposits of Ethereum (ETH) and Wrapped Ethereum (WETH) made on these networks during the suspension will not be credited and affected users will not be able to receive any forked token credit in the event of a chain split.  Read full news at: http://cryptounity.news/binance-to-temporarily-suspend-eth-and-weth-deposits-and-withdrawals-ahead-of-the-merge

Ethereum Bullish Despite Recent Chop; What Could Propel it to $1,700

  Ethereum is combining above $1,550 against the US Dollar. ETH could rally if there is a clear move over the $1,620 opposition zone. Ethereum is trading in a positive zone over the $1,520 and $1,500 support levels. The Ethereum price is currently trading above $1,550 and the 100 hourly straightforward moving average. There is a key bullish pattern line shaping with the help close of $1,560 on the hourly graph of ETH/USD. The pair could begin another increment on the off chance that it stays over the $1,550 and $1,530 support levels. Read full news at:  https://cryptounity.news/ethereum-bullish-despite-recent-chop-what-could-propel-it-to-1700