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This is the first Ethereum public test since the Merge upgrade in September 2022. Developers said further testnets will be triggered in the coming week. According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the "Zhejiang" public withdrawal test net will launch on Feb. 1 at 15:00 UTC. Six days after Zhejiang, the Shanghai and Capella testnets will also be triggered at epoch 1350. Jayanthi noted: "This is also a great opportunity for all tools to test out how they want to collect, display and use the withdrawal information. You can attempt to convert 0x00 credentials to 0x01 and set a withdrawal address. You can test partial withdrawals and full withdrawals by exiting your validator." The Shanghai upgrade, when fully implemented, will allow the withdrawal of users' staked Ether (ETH) assets and rewards. Since the success of the Ethereum Merge upgrade last September, users have been able to stake their ETH on the proof-of-stake network...

According to new reports, CEO Elon Musk would like Twitter’s in-progress payment model to incorporate cryptocurrencies. Amid the mooted revelations, Musk’s favorite crypto Dogecoin experienced a notable surge in value. The token hit a daily high but retraced its steps soon after.  Elon Musk became Twitter owner and CEO on the 27th of October last year. Despite still being in the early days of the handover, Twitter has experienced a slew of makeovers in the last few months. In fact,  right from the start, Musk’s intention to monetize the platform was no secret. Musk to Optimize Twitter for Payments  In November, shortly after Musk’s takeover, Twitter registered as a payments firm. The Financial Times report notes that the company has continued along that line. Indeed, Twitter is supposedly applying for US-based regulatory licenses with entities such as the US Treasury. The FT also claims that the company’s engineers have software in the works for Twitter to feature a payment o...

Source: Joshua Davenport/Adobe The White House says that crypto industry “security vulnerabilities” allowed North Korean hackers to “steal more than $1 billion” in the past two years. And the US says Pyongyang has used the funds to support its missile program. The claim was made in an official statement, which was reported in South Korea by VOA Korea and Munhwa Ilbo. The White House announced that “poor cybersecurity across the industry” had “enabled” North Korea to “steal over a billion dollars to fund its aggressive missile program.” It criticized “weak cybersecurity” protocols “across the industry.” And it claimed that “as an administration,” the White House “remains focused on ensuring cryptocurrencies cannot undermine financial stability, protecting investors, and holding bad actors accountable.” The statement added that United States law enforcement agenc...

Join Our Telegram channel to stay up to date on breaking news coverage According to CoinGecko, no cryptocurrency or token has increased more during the previous week than Aptos. The native token of the Aptos blockchain, APT, has increased in value by almost twofold over the last week and by 46% just the other day, reaching as high as $20.4. Aptos’ growth since the beginning of the year has been 350%. Why? It’s tough to pinpoint a specific cause, but data from CoinGecko’s UpBit exchange in Singapore indicates that the South Korean won trading pair accounted for roughly half of the $2 billion in APT traffic in the previous day. APT was listed on UpBit for $18.63 at the time of writing. The fact that it is selling for almost $0.50 more than that on Binance and most other exchanges suggests that at least some of the activity is the result of arbitrage deals. Arbitrage traders, to put it simply, profit on price differences. They sell for the highest price they c...

Shiba Inu price is up a colossal 50% from December lows of $0.00000774, although the meme token’s recovery reached January highs of $0.00001292 last week. Investors appear to be shifting their attention to the second-largest meme coin, which has in 24 hours witnessed a spike in trading volume to $300 million. SHIB’s growth in volume and price has been reflected in its market cap, which stands at $6.8 billion. The meme coin is now the 13th largest crypto after toppling Litecoin (LTC). Shiba Inu has 549 trillion tokens in circulation, but a total supply of 589 billion. Other SHIB tokens have been locked in smart contracts for staking purposes. Shiba Inu market cap chart Is The Shiba Inu Price Uptrend Intact – Evaluating Support from Whales Shina Inu has always been a darling among large-volume crypto holders, especially Ethereum whales. According to WhaleStats, Shiba Inu is of the top ten most used smart contracts for the top 1,000 biggest Ethereum wh...

Web3 opens the door for fans to connect with their favorite artists in a setting, slightly more impressive than an early 2000s chatroom. It is without question that Music is a powerful medium with the ability to evoke strong emotions and serve as a way for people to connect with each other in large communities. For many, Music serves as a source of inspiration, comfort and escape from the challenges of everyday life. For others, Music is a medium for reflection and provides the opportunity to speak to social and cultural issues, allowing fans to feel a sense of belonging and identification with the messages expressed in a song. The resulting emotional connection to music can lead to the creation of impressive fandoms, as fans build deep connections to the artists and their music. Fans show their support and appreciation through various forms of expression, such as attending concerts, purchasing merchandise or participating in online communities. In the past, fans could only interact w...

Nifty Gateway was founded in 2018 and acquired by Gemini in 2019. In a Twitter thread posted on Jan. 25, Duncan Cock Foster and Griffin Cock Foster, co- founders of nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations effective immediately. In supporting the decision, Duncan said they were leaving because “Griffin and I are founders at heart, and we want to start another company.” “When @Gemini acquired NG in 2019, Griffin and I said if everything went amazing and we loved it, we would stay for 4 years before starting another company. We ended up staying the max amount of time we originally thought possible, which shows how great this experience was!” The move comes amid a legal battle between Nifty Gateway’s parent company, Gemini, and bankrupt cryptocurrency lender Genesis Global. Gemini alleges that the latter owes its users $900 million as part of its Gemini Earn program after Genesis Global halted withdrawals due to “unprecedented market conditio...

Porsche’s first foray into NFTs appears to have flopped after recording underwhelming sales and was heavily criticized by the community. Porsche criticized for 'low effort' NFTs, ends mint early Car manufacturer Porsche had to cut short a nonfungible token (NFT) mint of its famous white 911 model only two days after the public mint started, saying its “holders have spoken.” The Jan. 23 launch was seen by some as a huge flop for Porsche with just 2,040 of the 7,500 NFTs available having been sold at the time of writing. Our holders have spoken. We’re going to cut our supply and stop the mint to move forward with creating the best experience for an exclusive community. More info in the next hours. — PORSCHΞ (@eth_porsche) January 24, 2023 The mint was widely criticized by the crypto community for being “low effort,” “tone deaf” and overpriced. The price of the NFTs were set at 0.911 Ether (ETH) ($1,417). Really sad. No community. No comms. No value. Glad our community hasn’t f...

Binance previously said the firm’s corporate holdings are recorded in separate accounts and should not form part of the proof-of-reserves calculations. Major Cryptocurrency Exchange Binance reportedly admitted that it mistake nly stores some customer funds in the same wallet with its collateral for some in-house token s. After the revelation, Binance started the process of transferring the assets in question to dedicated collateral wallet s. Binance mistakenly put collateral for some of the Binance-minted tokens, or B-Tokens, in a wallet that also holds customer assets, Bloomberg reported on Jan. 24. On Monday, Binance released a proof of collateral for B-Tokens, providing information for all 94 tokens issued by Binance. The firm previously stressed that B-Tokens are always fully collateralized and backed 1:1. According to the ​​proof of collateral, Binance reserves for almost 50% of all B-Tokens are currently stored in a single wallet called “Binance 8.” The wallet holds signific...

Cryptocurrency exchange Gemini has been going through a tough time recently. The exchange and its founders, the Winklevoss twins, were sued by the investors. The bankruptcy filing of Genesis also added to the ongoing struggles. The year 2023 was indeed a better beginning for cryptocurrency prices, as most of the cryptocurrencies rose by double digits. However, in anticipation of an impending recession, most tech behemoths and cryptocurrency firms began laying off workers. Read more: NYDFS Releases Guidance to Firms to Separate Customer Assets From Their Own Some of the major firms that laid off employees just in 2023 are Spotify, Google’s parent firm, Capital One, Microsoft, Amazon, Crypto.com, BlackRock, Coinbase, Goldman Sachs, Genesis Trading, and more. Now, according to the latest details obtained by The Information, the cryptocurrency firm is planning to lay off 10% of its staff. JUST IN: #Crypto exchange Gemini to fire 10% of its staff. — Watch...

Join Our Telegram channel to stay up to date on breaking news coverage The Chair of the Central American Bank for Economic Integration (CABEI), Dante Mossi, believes that the exposure of El Salvador to cryptocurrencies is “minimal.” Mossi said that despite the growing popularity of Bitcoin in El Salvador since the coin was made legal tender in the country, the percentage of the population that interacted with the digital asset remained small. El Salvador has minimal exposure to cryptocurrencies In an interview with Bloomberg, Mossi admitted that there was some exposure to cryptocurrencies in El Salvador. However, this exposure was “very small.” “We are interested that investors also know the real situation of El Salvador,” Mossi added. El Salvador adopted Bitcoin as legal tender in September 2021. It became the first country in the world to adopt the digital asset as legal tender. However, the past year has seen criticism and uncertainty gro...

Join Our Telegram channel to stay up to date on breaking news coverage Richard constantly tells his mum lies. He advises her not to worry when she inquires about the savings he is handling for her. The $100,000 “nest egg” she received from the sale of her home is actually stranded at a cryptocurrency lending business. The 37-year-old New Yorker claims, “If I tell her, she’s going to have a heart attack.” This was everything to her. The television director last year invested his mother’s life savings with Gemini, the cryptocurrency exchange that the Winklevoss twins launched, in order to prevent growing inflation from destroying her investments. The Winklevoss brothers‘ Gemini company offered a product called Earn that gave the impression of being a welcoming place for investors to put their money. At a time when interest rates at conventional banks were almost zero, the program allowed investors to earn more than 7% annually. Richard is...