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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.
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.
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.
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.
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.
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.
Ok wow half people literally someone lock down all 5 letter words in Scrabble dictionaries (including exotic ones like ‘ZORIL’) for 100 years for the price of 4 Lambos I think it should be possible. https://t.co/2AWSR0qkQh
vitalik.eth (@VitalikButerin) September 5, 2022
Buterin argued that the old price does not compensate for the ENS DAO.
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 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.
Coinbase employees have hinted that FTX sparked an insider trading investigation at Coinbase because of its sponsorship. Shinshin
Full details of how it all went “down” @Brian_Armstrong And ~ industry ~.
A new substack soon? https://t.co/7SEp4IYqki
Cobie (@cobie) September 8, 2022
Cobi has responded to the allegations by saying he does not intend to spread FUD or reveal insider information.
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.
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.
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 lack of new applications.
The EU has launched a new initiative to combat intellectual property infringement. New methods are aimed at authenticating NFTs and preventing counterfeiting.
Bitcoin surged 10.26% over the past 24 hours to reach $21,192. Ethereum traded at $1,703 with his 4.49% gain.
