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The upgrade will enable staked ETH withdrawals on the Beacon Chain, completing Ethereum's transition to a PoS consensus. A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. Initially estimated for late March, the Shanghai mainnet upgrade Features five Ethereum Improvement Proposals (EIPs), including EIP-4985, which will enable staked Ether (ETH) withdrawals on the Beacon Chain, completing Ethereum's transition from Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus. The target date April 12 at 10:27:35 PM UTC, epoch 620,9536, will now be confirmed by developers on GitHub. The fork was initially forecasted for March, but developers later pushed it back to early April. 6209536 4/12/2023, 10:27:35 PM UTC — timbeiko.eth (@TimBeiko) March 16, 2023 Validators will receive rewards payments automatically at periodic ...

Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday after the bank failed to raise capital from its largest investor. Credit Suisse Next to Fall, Says Strategist Market strategist Greg Foss warned about the impending collapse of Swiss banking giant Credit Suisse on the Coin Stories podcast, published Tuesday. His warning followed the collapses of several major U.S. banks, including Silicon Valley Bank and Signature Bank. Foss is currently executive director at Validus Power Corp. He was a founding shareholder of 3iQ Corp. and previously held the role of senior portfolio manager with a focus on credit strategies at Fiera Quantum. He was also a managing partner for credit strategies at both GMP Investment Management and Marret Asset Management, an...

Mar 15, 2023 at 08:17 // News Author Nina Lyon Robert Kiyosaki, a famous American entrepreneur and author of financial textbooks, affirms that global economies are facing hard times and gold, silver and Bitcoin are the solution. Given the recent collapse of US banks, his predictions are becoming more and more likely. His most recent warning was posted on Twitter on March 1, 2023. Just a week and a half later, the collapse of Silicon Valley Bank (SBC) and Silvergate Bank, as well as massive losses of the largest U.S. banks, were announced. Please. Plea...

Arthur Hayes, who helped start BitMEX and has a lot of experience with cryptocurrencies, has an idea for a new stablecoin backed by Bitcoin (BTC). Hayes tells his 67,000 followers in a new blog post that the failure of crypto-friendly bank Silvergate shows the need for a $1 token that doesn’t use the traditional banking system. “The goal is not to create a decentralized fiat currency. MakerDAO is great, assuming it actually is decentralized, but for 1 USD of value it requires locking up >1 USD worth of crypto. It removes more liquidity than it adds, which is a net negative for the system. What we need is a mechanism that allows you to lock up 1 USD worth of crypto to obtain 1 USD worth of a stablecoin.” Hayes suggests the “Satoshi Nakamoto Dollar, NakaDollar, NUSD,” and he explains how it could work. “1 NUSD = $1 of Bitcoin + Short 1 Bitcoin / USD Inverse Perpetual Swap. A Bitcoin inverse perpetual swap (e.g., Ticker: XBTUSD on BitMEX) w...

The original meme coin may not have experienced as much relevance as it did in 2021 when Mark Cuban announced the Dallas Mavericks would accept it as payment. So, if you invested $1,000 in Dogecoin (DOGE) in 2021, how much would you have now? Known for its volatility, DOGE often maneuvers in price based on its social relevancy. Subsequently, figures like Mark Cuban and Tesla founder Elon Musk have always been vital to its growth. Conversely, what would you have now if you invested during a social high mark for the crypto? DOGE Goes to Dallas Source: Crypto Slate On March 4th, 2021, Mark Cuban announced that his NBA franchise, the Dallas Mavericks, would accept Dogecoin . Specifically, they would accept cryptocurrency as payment for tickets and merchandise sold at the arena. The decision was a landmark one for meme coins and the relevancy of DOGE in the mainstream. The move was made possible by BitPay, who noted the NBA team’s interest in crypto adoption. “The...

New York financial regulators shut down Signature Bank on Sunday. Customers, however, will be bailed out by the U.S. Treasury, Federal Reserve, and Financial Deposit Insurance Corporation. Notably, all depositors will have access to their funds on Monday. Now, as per the latest revelation on Twitter, Coinbase holds $240 million in the now-collapsed financial institution. JUST IN: Coinbase $COIN says it holds $240 million in now-collapsed Signature bank. — Watcher.Guru (@WatcherGuru) March 12, 2023 Also Read: US Regulators have Closed Signature Bank Coinbase expects to “fully recover” funds Coinbase went on to assure users that capital fund “continues to be protected” by FIDC pass-through insurance. At the moment, nevertheless, the bank is facilitating client cash transactions via other banking partners. The exchange went on to explain that it expects to “fully recover” the $240 million worth of funds from the bank. As ...

Explore decentralized web hosting and how it distributes data securely across a network of nodes. Decentralized websites rely on decentralized networks rather than centralized servers to preserve and verify the data’s integrity. Decentralized websites offer a more private, secure and censorship-resistant alternative to standard websites by utilizing peer-to-peer (P2P) networking, cryptography and blockchain. This article will explain how to host a decentralized website, and the benefits and challenges of decentralized hosting. What is decentralized web hosting? A web server distributes the website’s files to its clients in a standard network setup for hosting websites. This allows larger organizations or governments to decide what content is displayed, which takes away the freedom that the World Wide Web initially provided. This gave rise to decentralized web hosting — a new approach to hosting websites that stores website files on various nodes or computers instead of a single centra...

On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” and is “well capitalized” going forward. SVB’s stock, SIVB, was halted during the premarket trading session on Friday after the bank announced it would release news. As SVB’s Foundations Shake, Concerns Grow Over a Potential Bailout and Market Instability Market strategists and investors are focused on Silicon Valley Bank (SVB) and U.S. financial institutions as a whole following the voluntary liquidation of Silvergate Bank. SVB is dealing with significant financial woes after the company’s stock, SIVB, shed more than 60% during Thursday’s trading session. SVB is well-known for its portfolio of tech and venture capital deals, bu...

Polygon fell to its lowest point since January earlier in today’s session, as overall sentiment in crypto markets remained bearish. Overall, the global market cap is now down 1.46% as of writing. Solana also slipped on Thursday, as the token neared a two-month low. Polygon (MATIC) Thursday saw polygon (MATIC) drop to its weakest point since January, as sentiment in the market remained bearish. Following a high of $1.11 on Wednesday, MATIC/USD moved to a bottom at $1.04 earlier in today’s session. The last time polygon traded at this level was back on January 26, which is the last time price was under $1.00. MATIC/USD – Daily Chart Looking at the chart, this comes as the relative strength index (RSI) of 14 days fell to a long-term floor at 35.00 As of writing, the index has since rebounded and is at the 36.59 mark, with the next visible point of reference being 42.00. Overall, bulls have moved in to buy the earlier dip, and as of writing MATIC is trading at $1.07. ...

Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued. As Russia continues to delay adopting crypto currency regulations, local advocates have appealed to Russian President Vladimir Putin to change the government’s approach to regulating the market. The Russian Association of Crypto Industry and Blockchain (RACIB) — a major group of crypto and blockchain enthusiasts in Russia — issued an open letter to Putin on March 6, urging the president to address the risks of ignoring the global development of the crypto industry. In the letter, the RACIB argued that Russia has been too slow to implement experimental legal regimes targeting crypto adoption despite enforcing its first crypto law, “On Digital Financial Assets,” in 2021. In November 2022, lawmakers in Russia introduced a series of legal amendments to the crypto law, proposing to launch a “national cryptocurrency exchange.” According to th...

Cardano price is holding support at $0.33 but investors fear that this might not be the last line of defense. The loss of a higher support at $0.35 left ADA under the complete control of the bears. Hence, it may take a miracle to keep the smart contracts token above this immediate support ahead of an expected trend reversal targeting $1.00. That said, Cardano price would be dealing with two key points of control in March: The seller congestion at $0.40 and the subsequent support at $0.30. Some retail investors may keep off until ADA confirms a breakout either side of this range. For a break above $0.40, Cardano price could steady the uptrend to $1.00 amidst FOMO for investors wishing to capitalize on the potential uptrend. On the other side of the fence, investors will need to acclimatize to the leg sweeping lows at $0.25 if ADA overshoots the next buyer congestion at $0.30. NFTs Are The “Most Vibrant Part of Cardano” – Charles Hoskinson Cardano price is trading 89...

Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take. The United States equities markets are trying to extend their recovery at the start of the new week. One of the reasons that could be boosting investor confidence is that the yield on the benchmark 10-year note has slipped further to 3.924%. However, the bullish sentiment of the equities markets has not rubbed off on the cryptocurrency markets which continue to underperform. Bitcoin’s (BTC) tight range trading since March 4 suggests that there is uncertainty about the next directional move. Daily cryptocurrency market performance. Source: Coin360 Generally, periods of low volatility are followed by a pick-up in volatility. The congressional testimony of Federal Reserve Chair Jerome Powell on March 7 and March 8 will be watched for the outlook on inflation and rate hikes. Later, on March 10, the release of Febru...

The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way to regulate an industry.” Ripple’s CEO on SEC Lawsuit, U.S. Crypto Regulation Ripple CEO Brad Garlinghouse warned about harmful consequences to the crypto industry if the U.S. Securities and Exchange Commission (SEC) wins its lawsuit against him and his company over the sale of XRP in an interview with Bloomberg on Thursday. “The SEC bringing the case against Ripple was not really just a case about Ripple or about XRP — It’s really about the industry,” Garlinghouse began. Asserting that the SEC is “playing offense and attacking” the entire crypto industry, the Ripple CEO stressed: This is going to be pivotal for the whole industry. He fu...

With the assistance of 8.Finance , ColdStack will gain new users and grow its community. This platform also assists users in entering the crypto business in the most enjoyable way possible by offering a free play-to-earn game called Snake for Crypto. Snake For Crypto is a simple game (Android, Web, iOS — coming soon) in which players collect real cryptocurrency on the playing fields. Free, without any understanding, hazards, or even a Web3 wallet. Players can collect BNB, 8F, and other tokens by watching short instructive videos from partners and participating in their Airdrops and Tournaments. ColdStack will provide 8.Finance with a decentralized data storage solution, which is superior to centralized storage. It enables partners to save money, avoid censorship, and gain confidence in the security of their data. About ColdStack ColdStack is a first to market decentralized storage aggregator. We help our users take ownership of their data, reduce costs, and improve security by making...

VeChain has doubled in price since the start of 2023, going from a low of $0.015 to a high of $0.032 by the end of February. It has been among the top 10 best-performing cryptocurrencies, but at press time, the asset faced massive corrections. The cryptocurrency crashed by nearly double digits on Friday, falling from $0.028 to $0.024. VET slipped 8.5% in the last 24 hours, shedding a portion of the gains that it generated last month. Will VeChain plummet further and erase all the returns it delivered this year? Let’s find out! Also Read: Can These Bullish Factors Take VeChain to $1? Source: CoinGecko.com VeChain: Why Is It Crashing? The overall cryptocurrency market crashed on Friday, as $185 million was liquidated in the last four hours. Bitcoin nosedived 5% within minutes, dragging all altcoins down with it. Read here to know in-depth information on why the markets crashed today and what Silvergate has to do with it for a better understanding. Also Read:...