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Rewind 2022: A crypto roundup of the year and stepping into 2023
Stepping into the year 2023, it’s time to pause and reflect on the accomplishments and struggles the global crypto community witnessed over the last 365 days. Starting from the very beginning of 2022, no investment strategy could help recover the falling portfolios across traditional and crypto ecosystems. January 2022 inherited a slightly collapsing market, wherein investments made on 2021 all-time high prices resulted in immediate losses. For many, especially the new entrants, falling crypto prices were perceived as an end game. But what went widely unnoticed was the community’s resilience and accomplishments against a global recession, orchestrated attacks and scams and an unforgiving bear market. As a result of falling prices, 2022 also inherited the 2021 hype around nonfun...
Ethereum ready for The Merge as last shadow fork completes successfully
Ethereum (ETH) developers confirmed the successful completion of the prerequisites — shadow forks — required for the highly anticipated blockchain upgrade, The Merge. Shadow forks help developers stress test synchronization assumptions to ensure network safety during permanent upgrades. In light of The Merge, Ethereum developers implemented the first shadow fork on Apr. 11, 2022. Nearly six months in, Ethereum research and engineering company Nethermind confirmed that the transition in Mainnet-Shadowfork-13 — the last shadow fork — was successful, signaling the readiness of the network for migrating to a proof-of-stake (PoS) consensus mechanism. Transition in Mainnet-Shadowfork-13 (the last shadowfork before The Merge) was successful for all Nethermind nodes!#TheMerge #Ethereum #Neth...
Coinbase says it will ‘evaluate any potential forks’ following the Merge
Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on a “case by case basis.” The crypto exchange previously said it planned to ‘briefly pause’ Ether (ETH) and ERC-20 token deposits and withdrawals during the Merge, expected to occur between Sept. 10 and 20. “Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. Rest assured, all potential forked tokens of Ethereum, including PoW forks, will go through the same strict listing review process that is do...
Vitalik: Centralized USDC could decide the future of contentious ETH hard forks
Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become “a significant decider in future contentious hard forks.” Buterin was speaking at the BUIDL Asia conference in Seoul on Aug. 3, along with Illia Polosukhin, the co-founder of Near Protocol (NEAR) to discuss Ethereum’s upcoming Merge. The Ethereum co-founder argued that centralized stablecoins could be a “significant” decider of which blockchain protocol the industry would “respect” in hard forks. A hard fork occurs when there is a radical change to the protocol of a blockchain network that effectively results in two versions. Usually, one chain ends up being preferred over another. “At the moment of the merge, you will have two [separate] networks […] and then you ...
How to earn crypto passive income with forks and airdrops?
When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from one’s holdings becomes all the more attractive for long-term investors. Related: Decentralized finance: A beginner’s guide to earning passive income with DeFi Different methods such as staking,lending, cloud mining, and yield farming have become popular in the past few years and involve rewarding investors with money or tokens for the crypto tokens invested in the mechanism. However, with hard forks or airdrops, users who are active in the crypto ecosystem can forage for tokens or projects that offer additional tokens in proportion to their vested holdings as a reward for a variety of reasons. Since both are intended at increasing the po...
Italian priest recalls coronavirus ‘nightmare’ of coffin-filled church
On the wall of St. Joseph’s Church hangs a black-and-white photograph with a caption remembering when the Italian parish of Seriate gave 270 people emergency “hospitality” last year – coffins of the dead from COVID-19, sometimes up to 40 at a time. The hosts were Father Mario Carminati, 65, and Marcello Crotti, 46, who opened up the church to give the deceased a dignified temporary place of rest so they would not have to wait in a warehouse for burial or cremation. “For me it was a nightmare, but I didn’t have the opportunity to think about it a lot because when you find yourself in the middle of an emergency you have to rush and act according to your instinct,” Carminati, the senior priest in Seriate, said. A year ago, the COVID-19 pandemic in northern Italy was spiralling and the provinc...
Italian giants set to sign Chelsea ace on loan till the end of the season
Chelsea defender Fikayo Tomori set to join AC Milan on loan According to the reliable journalist, Fabrizio Romano on Twitter, Chelsea defender Fikayo Tomori is all set to join Italian giants AC Milan on loan. The Serie A giants were keen on securing the 23-year-old if they failed to land Strasbourg defender Mohamed Simakan. The 20-year-old is also on Chelsea’s radar. With RB Leipzig also now pursuing Simakan, competition for his signature has gotten tougher. Milan, meanwhile, appear to have settled for Tomori. The defender has found opportunities difficult to come by at Chelsea. So far he has made just four appearances and is the club’s fifth choice centre-back. He will now spend the remainder of the 2020/21 campaign at the San Siro. The Rossoneri are currently top of Serie A as they chase...
