Cryptocurrency

Bitcoin pumps to cross $21K; Ethereum Merge expected on Sept. 14

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The biggest news in the cryptoverse on Sept. 9 is Bitcoin’s recent rally above $21,000. Estimates of block calculations indicating that the Ethereum Merge will take place on September 14th. Binance’s decision not to apply LUNC 1.2% token burn-on-spot and margin trading.

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Bitcoin Retests $21,000 As It Takes Back From Ethereum Ahead Of The Merge

BTCUSD

Bitcoin is up 10.3% since 3am UTC on September 9th. The surge has returned Bitcoin to its leading role in the market as the recent surge in Ethereum dropped 0.8 BTC.

Ethereum Merge Is 34,000 Blocks Away, Scheduled for September 14th

The Ultrasound Money tracker estimates that the merge is about 34,000 blocks away. In other words, the merge is expected to occur by 9pm UTC on September 14th.

Binance will not apply Terra Classic tax burn to spot trading on exchanges

The LUNC community has passed two governance proposals that include a 1.2% burn on all on-chain transactions. It remains vague how the exchange will apply the new burn policy, as trades are settled in an internal order book rather than on-chain.

Binance has announced that its Terra Luna Classic (LUNC) decision will not apply to internal order book settlements or spot and margin trading.

ETHPoW team confirmed using ChainID 10001 to avoid replay attacks on mainnet

Ethereum’s PoW team has announced that it will use a different ChainID than the mainnet. The ETHPoW testnet is currently using ChainID 10002 and the team announced that it will use ChainID 10001 after the merge is complete.

The community has asked the ETHPoW team to clarify the ChainID, but has received no response. Finally, Coinbase submitted the same request and the ETHPoW team responded.

crypto slate We spoke with Gateway.fm CEO and CTO Temoc Webber and Igor Mandrigin about possible relay attacks via the ETHPoW chain. During the conversation, Mandrigin said there was “no reason” for the ETHPoW team not to update the code before his The Merge.

Ethereum name service developer identifies challenges in Vitalik fee proposal

Nick Johnson, head of the Ethereum Name Service (ENS), said the protocol would not be able to support Vitalik Buterin’s recently proposed fee structure.

Johnson said some changes would have to be made to the protocol before the new fee structure could go into effect. This is higher than the old fee structure.

Buterin argued that the old price does not compensate for the ENS DAO.

Facebook, Instagram are ‘becoming hotbeds’ for cryptocurrency scams, lawmakers warn

According to a recent report from the Federal Trade Commission (FTC), Meta’s Facebook, WhatsApp, and Instagram host quite a few cryptocurrency scams.

According to the numbers, Instagram facilitated around 32% of the scams included in the report, while Facebook hosted 26% and WhatsApp 9%. In response to the figures, regulators asked Meta CEO Mark Zuckerberg to release a report disclosing how Meta is dealing with crypto fraud.

Coinbase Employee Blames FTX for Cobie Spreading Insider Trading Claims

Coinbase employee Pete Kim claimed that cryptocurrency influencer Cobi revealed insider information to Coinbase. Kim claims that Cobi wanted his Coinbase harmed because of the influencer and his partnership with FTX.

Cobi has responded to the allegations by saying he does not intend to spread FUD or reveal insider information.

research highlights

Survey: Bitcoin Risk Signals Suggest Further Fall in Coming Weeks

Bitcoin’s rise on September 9 planted hope in the minds of many, but the signs point to an approaching downward trajectory in the coming weeks.

Bitcoin risk signals

crypto slate Analysis shows Bitcoin risk signals are still very high. Signals are ranked between 0 and 100, with a risk-free environment reflected by a number between 0 and 25. Bitcoin risk signal is still at 87 after today’s rally.

This indicates that bitcoin is likely to fall in the coming weeks.

News around Cryptoverse

Mark Cuban lost his crypto fever

Crypto maximalist billionaire Mark Cuban once said that the crypto space has lost its luster. street report. Cuban admitted that he is no longer excited about the cryptocurrency space because there is a โ€œlack of new applications.โ€

EU prepares NFT certification method

The EU has launched a new initiative to combat intellectual property infringement. New methods are aimed at authenticating NFTs and preventing counterfeiting.

crypto market

Bitcoin surged 10.26% over the past 24 hours to reach $21,192. Ethereum traded at $1,703 with his 4.49% gain.

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