Aurelia Butler

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  • 113 Shares199 Views

    in Cryptocurrency

    Ada’s Vasil “Rocket Ship” Has Been Launched: Charles Hoskinson

    Cardano’s co-founder, Charles Hoskinson, posted a video on Twitter (NYSE:TWTR) sharing the news that the Cardano network has entered into the final stages of the Vasil upgrade. In a video posted to Twitter over the last 12 hours, Charles Hoskinson shared that a proposal was recently initiated and signed for the hard fork commendator, which was then successfully submitted and approved. Hoskinson added that this now means that the Cardano network has entered into the “Vasil era”.According to Hoskinson, the process to deploy the Vasil upgrade has been initiated and is an automated process that will take approximately 5 days to complete. Seeing that the process was initiated yesterday, the 17th of September, the Vasil upgrades will come into effect the 22nd of this month.The Cardano co-founder likened the process to a rocket ship, stating that the team will have to wait to see if it is successful or not. He also said that “there is no going back.”Some of the features that will be introduced to the Cardano network will launch immediately after the transition to the new state has been completed, while others will take around 5 days to come into effect. The Cardano team doesn’t anticipate that there will be any problems.The crypto market tracking website, CoinMarketCap, shows that the market reacted positively to the announcement as the network’s native token, ADA, is up 2.70% over the last 24 hours. As such, ADA is trading at $0.4874 at the time of writing. However, ADA’s price is still down 5.65% for the weekThe post Ada’s Vasil “Rocket Ship” Has Been Launched: Charles Hoskinson appeared first on Coin Edition.See original on CoinEdition More

  • 138 Shares189 Views

    in Economy

    Tunisia expects deal on IMF loan in weeks, cbank governor says

    JEDDAH, Saudi Arabia (Reuters) -Tunisia expects to reach a deal with the International Monetary Fund in coming weeks on a loan of between $2 billion and $4 billion over three years, the central bank governor said on Sunday.Tunisia, which is suffering its worst financial crisis, is seeking to secure an IMF loan to save public finances from collapse.”The size is still under negotiation and I think it will be between $2 billion and $4 billion, we hope to reach a staff level deal in coming weeks,” Marouan Abassi told Reuters.The government and the powerful UGTT union last week signed a deal to boost public sector wages by 5%, a step that may ease social tensions. But they did not announce any further agreement on reforms needed for an IMF bailout.Abassi said the wage deal was an important step for negotiations with the IMF and will give a clear view of wages’ weight in GDP in coming years.”It will give us a clear vision about the wage mass that is expected to decline in the coming years,” he added.Fitch Ratings said on Friday that Tunisia’s wage agreement raises the likelihood of an IMF deal.Abassi said the possible deal will open doors for bilateral financing, including with Japan and Gulf countries. “We have advanced talks with Saudi Arabia about bilateral financing,” he added.The IMF has signalled it will not move forward with a bailout sought by Tunis unless the government brings on board the UGTT, which says it has more than a million members and has previously shut down the economy in strikes.Tunisia is struggling to revive its public finances as discontent grows over inflation running at nearly 9% and a shortage of many food items in stores because the country cannot afford to pay for some imports. More

  • 113 Shares99 Views

    in Cryptocurrency

    LUNC shown signs of recovery after Do Kwon’s comment

    Do Kwon, the South Korean co-founder of the Terra ecosystem that crashed spectacularly in May and is wanted by police, has denied being on the run after Singapore investigators said he was not in the city-state as had been assumed, and his tweets did not reveal his location.Following the collapse of Terra LUNA this year, approximately $40 billion in investor funds were lost. Earlier this week, South Korean prosecutors issued an arrest warrant for Do Kwon and also asked the finance ministry to void his passport.Kwon has been accused of fraud by five South Korean investors. The 31-year-old is being investigated by a financial crimes unit and the Securities and Exchange Commission in the United States.Saturday, after local police issued a statement saying he is on the run. “SPF will assist the Korean National Police Agency (KNPA) within the ambit of our domestic legislation and international obligations,” said the statement.Kwon tweeted in response that he has nothing to hide and is “fully cooperating” with government agencies.Kwon tweeted:Following the arrest warrant issued for Terraform Labs founder Do Kwon, the price of Terra Classic (LUNC) plummeted dramatically. However, LUNC appears to be on a steady price recovery path in recent days.The original LUNA token, which was renamed when its value was reduced in May 2022, is now known as LUNC. Terra 2.0 is a public blockchain system that originated from and evolved from Terra Classic. Currently, the cryptocurrency is halfway through recovery. The Terra Classic price today is $0.000307 USD with a 24-hour trading volume of $591,841,498 USD, according to CoinMarketCap.The post LUNC shown signs of recovery after Do Kwon’s comment appeared first on Coin Edition.See original on CoinEdition More

  • 125 Shares179 Views

    in Cryptocurrency

    Whalestats Releases Top Coins Purchased by Top 1K ETH Whales

    The whale tracking website, Whalestats, took to Twitter on September 18 to announce the top 10 purchased tokens by the 1,000 biggest Ethereum (ETH) whales.
    Top purchased tokens by ETH whales (Source: Whalestats)The list consists of cryptos like USD Coin (USDC), Ethereum, ETH, stETH, Tether (USDT0, SAND, REN, LRC, GRT, SUSHI and LINK.The effect of the recent whale activity can be seen in the ETH price today, considering the altcoin is up by 1.38% to now trade at $1,451.77. ETH is, however, still down more than 17% over the last week.According to the market tracking website, CoinMarketCap, The metaverse token, SAND, is currently trading at $0.9058 after a 3.24% increase in price over the last 24 hours, and after reaching a high of $0.9166 over the same time period. Although the token is in the green for today, it is still down more than 7% over the last week. SAND’s 24-hour market cap is also up more than 5% today to now stand at $168,334,473. Looking at SushiSwap (SUSHI), the effects of the whale accumulation is also evident as the crypto is up 0.72% over the last 24 hours to now trade at $1.14. The crypto is still down over 14% for the last seven days.SUSHI’s 24-hour trading volume is also down 32.72% and now stands at $23,566,510. Chainlink (LINK), on the other hand, is one of the cryptos on the WhaleStats list that is down over the last day. LINK is currently trading at $7.89 after a 1.31% drop in price over the last 24 hours. LINK is also down 1.44% over the last week.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Whalestats Releases Top Coins Purchased by Top 1K ETH Whales appeared first on Coin Edition.See original on CoinEdition More

  • 138 Shares189 Views

    in Cryptocurrency

    XRP’s Price Change Occurs Due to Market Forces, Tweets Jeremy Hogan

    The XRP Attorney Jeremy Hogan tweeted that after scrutinizing the lawsuit against Ripple, filed by the US Securities and Exchange Commission(SEC), he came to identify that “its expert agrees that most of the changes in XRP price are due to market forces (and not Ripple), together with announcing the release of a detailed video.The lawsuit was filed in December 2020, alleging that Ripple’s sale of XRP was an unregistered security, offering more than $1.38 billion. SEC claimed that Ripple was raising funds through “an unregistered securities offering” from 2013.Ripple’s Executive Chairman Chris Larsen and CEO Brad Garlinghouse were also charged for allegedly aiding and abetting Ripple’s violations.The company’s Lawyer Jeremy Hogan had been scrutinizing the case for a long. Recently he identified that SEC “has got a couple big problems” and confronted the team with the details put forward by the experts in “The Motion for Summary Judgement” that the changes in the price of XRP are only due to the market forces.The experts assured that there was no doubt in the price change in XRP coins and that “SEC cannot carry its burden of showing that XRP purchasers reasonably expected to obtain profits”.In 2020, SEC claimed that Ripple’s Executives held an Initial Public Offering (IPO), a process by which the company sold cryptocurrencies to the public in a new issuance, which is considered to be unauthorized and therefore, illegal.However, Ripple counter-argued to the claim put ofrward by SEC that a digital coin should not be treated as a “security”. It added that such a title would force it to be under strict regulatory scrutiny. The company had been long awaiting the closing of the case.The company CEO Garlinghouse commented in light of an expectation for a good end of the case: More

  • 163 Shares169 Views

    in Economy

    U.S. bank regulators consider new rules for regional banks in times of crisis

    The new steps include the regional banks raising long-term debt that will help absorb losses in cases of insolvency, the WSJ reported adding three people familiar with the matter.The WSJ report comes over a week after U.S. Federal Reserve chief Michael Barr said that there soon may be tougher rules on large regional lenders after a ‘holistic’ review of bank capital requirements is concluded. More

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    in Cryptocurrency

    1.1 Trillion SHIB Sold as ETH Whales Get Rid of the Meme Coin

    According to data shared by WhaleStats, ETH whales sold an eye-watering amount of Shiba Inu (SHIB) over the last three days.According to the information provided by WhaleStats, the largest whales on the Ethereum (ETH) chain got rid of more than 1.1 trillion Shiba Inu tokens. One of the transactions carried almost 61 billion of the meme coin tokens to the crypto exchange, Binance.In addition to this, WhaleStats also revealed that since September 14 of this year, the SHIB stash that is held by the top ETH whales has shrunk from $152 million to $140 million.The amount of SHIB evaluated in this sum of USD equals a staggering 1,115,879,828,326 coins.It seems like the whales are dumping the meme coin in an attempt to get rid of it as the price of SHIB has been underperforming recently.
    SHIB/USDT daily chart (Source: CoinMarketCap)According to the market tracking website, CoinMarketCap, SHIB is currently trading at $0.0000119 after a 1.35% increase in price and after reaching a high of $0.00001198 over the same time period. Despite the meme coin being in the green for today, it is still down more than 8% over the last week.SHIB is currently the 12th biggest cryptocurrency in terms of market capitalization with its market cap of $6,522,591,988. This places SHIB right behind DAI in the 13th position and in front of TRON in the 15th position. SHIB’s 24 hour trading volume is down more than 21% to now stand at $174,688,929.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post 1.1 Trillion SHIB Sold as ETH Whales Get Rid of the Meme Coin appeared first on Coin Edition.See original on CoinEdition More