Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news.
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Ethereum Merge news
- Because of the Ethereum (ETH) Merge, HIVE Blockchain Technologies stated it’s already commenced analysis of mining other GPU mineable coins using its number of GPUs, and it is applying beta-testing now. HIVE’s number of GPUs comprises roughly 21.5 MW or 16% from the company’s global portfolio. In August, the organization created ETH 3,010 (USD 4.6m).
- Europe-based crypto bank SEBA Bank, stated it’s launched ETH staking services, and today, “institutions can enjoy a pivotal role in securing the network by staking ethereum.”
- Binance.US stated it’s launched ETH staking, supplying a beginning annual percentage yield (APY) rate of 6%.
- Hardware wallet manufacturer Ledger stated that, at the time from the Merge, Ledger Live will pause Ethereum services “as very little time as you possibly can, while ensuring the network is stable and dependable.” “Important occasions such as the Merge are magnets for scammers trying to get into your 24-word recovery phrase. Beware! You don’t need to update/upgrade/sync/migrate your Ethereum accounts together with your 24-word recovery phrase prior to the Merge,” they added.
Investments news
- Troubled crypto loan provider Voyager Digital received several acceptable bid because of its assets, with no bid was clearly the very best, Bloomberg reported, citing a notice filed in personal bankruptcy court Tuesday. A greater final cost tag for Voyager may lead to better recoveries for purchasers, per the report. The auction is going to be held on September 13.
- Digital asset investment products saw inflows totaling USD 9.2m a week ago, in contrast to USD 27m outflows per week earlier, per CoinShares data. The predominant inflow was into short investment products. Bitcoin (BTC) saw outflows of USD 11m (USD 29m per week earlier), while ethereum outflows elevated from USD .9m to USD 2m.
- Major consultancy firm KPMG stated it estimates a slowdown in crypto interest and investment, particularly retail firms offering coins, tokens, and NFTs, within the other half of the year. “Obviously, some cryptos will die — particularly individuals that do not have obvious and powerful value propositions. That may really be rather healthy from your ecosystem perspective because it’ll obvious away a few of the mess which was produced within the excitement of the bull market,” Alexandre Stachtchenko, Director blockchain & cryptoassets KPMG France, stated.
- Europe-based crypto investment company 21.co stated it’s elevated USD 25m inside a round brought by Marshall Wace, valuing the set to USD 2bn. 21.co is an accumulation of companies, the biggest being 21Shares, a significant issuer of crypto exchange-traded products.
- Credix, a developer of the protocol and platform for credit investing to investors, stated it’s elevated USD 11.25m inside a Series A round brought by Motive Partners, and ParaFi Capital.
Exchanges news
- Crypto platform Nexo stated it’s today folded out its new buying and selling platform, Nexo Pro, to “all 5 million” clients. It offers its customers with place, margin, and futures buying and selling functionalities. “Within the several weeks in the future, new buying and selling incentives will give you additional benefits for existing and prospective NEXO Token holders,” they added.
Mining news
- Marathon Digital Holdings stated that, year-to-date through August 31, 2022, it created 2,222 bitcoin, a 26% increase over the same time frame period within the prior year. Also, they “still expect” to possess enough miners installed to create roughly 23 EH/s near the center of the fiscal year 2023.
- Because of “liquidity problems,” BTC and crypto mining pool Poolin stated the payout of the present BTC and ETH balances around the pool “is going to be temporarily suspended.” Also, the firm suspended its swap services and stopped withdrawals from Pool Account. “All user assets are secure and also the company’s internet worth is positive,” they stated.
- CleanSpark stated it’s joined right into a purchase agreement with Cryptech Solutions for 10,000 brand-new Bitmain Antminer S19j Pro units for any total cost of USD 28m, after credits and discounts. The servers are anticipated to become delivered by late October or early November of the year. CleanSpark stated it presently has greater than 37,000 bitcoin mining machines operational whatsoever its sites, having a daily production a lot of 14.9 bitcoins.
Stablecoins news
- The assailant condition of Russia is dealing with several “friendly countries” on the development of clearing platforms for mix-border settlements in stablecoins, TASS reported, citing Deputy Finance Minister Alexey Moiseyev. No further information regarding the work were provided.
Crime news
- Growing understanding and capacity within the crypto sphere of all players – regulators, police force, and also the private sector – is essential to tackling organized crime and cash washing, both physical and virtual, Europol, the EU Agency for Police Force Cooperation, stressed, as 1,700 participants from 119 countries collected towards the sixth Global Conference on Criminal Finances and Cryptocurrencies within the Hague, holland, now.
Career news
- The Board of Blockchain Australia stated it’s hired Laura Mercurio because the next Chief executive officer of the industry body that is representative of Australian blockchain companies, effective September 12. Formerly, Mercurio held unspecified positions at BlackRock, Merril Lynch, and Deutsche Bank.
