Cointelegraph's Joseph Hall interviewed Bitcoin (BTC) advocates Pierre Rochard and Morgen Rochard, the hosts of the Bitcoin for Advisors podcast at the Surfin’ Bitcoin 2022 event held in France. The group talked about how France can attract more miners, where Bitcoin comes in in terms of financial planning and the difference between Bitcoin and other cryptos. According to Pierre Rochard, who also works at the mining firm Riot Blockchain, there are two ways for France to attract large-scale Bitcoin miners. The first is to provide assurances in terms of policies on Bitcoin mining. In addition to this, the country should …

Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September. The world's largest exchange by transaction volume announced the move in a bid to provide stability during ‘The Merge’ which is touted to take place in mid-September 2022. Binance becomes the second major exchange to announce the suspension of ETH deposits and withdrawals, following Coinbase earlier in August 2022. According to an announcement from Binance, the exchange is timing suspensions with two important upgrades that will facilitate Ethereum’s switch from proof-of-work (PoW) to PoS. …

Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition officially dubbed the Merge is slated for Sept. 15, but in the run-up to the major upgrade, Ethereum node centralization has become a hot topic. As Cointelegraph reported last week, the majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services (AWS), which experts believe could expose the Ethereum blockchain to the central point of failure post Merge. The same concern was put forward by Maggie Love, co-founder of Web3 …

The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the Ethereum and Optimism networks. In an Aug. 25 Synthetix Improvement Proposal (SIP) Warwick explained that SNX reward inflation was initially intended to “bootstrap the network”, however, he believes it’s no longer necessary as they can generate sustainable fee yields from atomic swaps. monthly trading volume …

As we approach the date of Ethereum’s Merge, users have speculated about what it will mean for projects and the wider ecosystem. Some argue the Merge will have little impact on gas fees and believe transaction speeds might improve. However, in general, most ordinary users will not notice much change. The real changes for average users will only be seen after the sharding mechanism is introduced six months later. The Merge will reduce energy consumption and increase security The Merge is a planned update to the Ethereum network scheduled for Sept. 15. It will move transaction validation from proof-of-work (PoW) …

The impact of Federal Reserve policy and Bitcoin’s higher timeframe market structure suggest that BTC price is not yet ready for a trend reversal. Bitcoin (BTC) price continues to chop below the $22,000 level and the wider narrative among traders and the mainstream media suggests that a risk off sentiment is the dominant perspective ahead of this week’s Jackson Hole summit. Over the three-day symposium, the Federal Reserve is expected to clarify its perspective on inflation, interest rate hikes and the overall health of the United States economy. In the meantime, traders on crypto Twitter continue to fantisize about a …

In this weeks episode of Market Talks, we welcome professional trader Charlie Burton. Charlie is a professional trader with 24 years of experience and has been trading full-time since 2001. He is the founder of EzeeTrader and Charlie Burton Trading. He is also undefeated in the annual London Forex show live trade-off for the 5 years it was running. He has also been featured on the hugely popular BBC documentary ‘Trader, Millions by the minute’. Charlie is one of the very few trading educators who is also a professional money manager trading FCA regulated capital. The main topic of discussion …

American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression. The firm’s founder and CEO Brian Armstrong delved into the long-term prospects of the American cryptocurrency exchange in a wide-ranging interview with CNBC’s Crypto World on Aug. 23. A key talking point was the potential of lower revenues from fees in the future and how the company plans to preempt this possibility. Armstrong highlighted his belief that profit margin compression was bound to occur in the future as more exchanges and competitors launch similar products and services which could compete …

Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The Merge date is scheduled for Sept. 15, after the successful Goerli test net integration — the final test net merger before the actual transition. Ether (ETH), the native token, was on a bullish surge after the announcement of the Merge date in July with the ETH price rising to a new six-month high of over $2,000 but failed to consolidate the critical resistance. The bullish enthusiasm in terms of token …

Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate how much impact reduced crypto mining demand had on its Q2 results, which fell short of analyst expectations. The chip giant released its financial results for the three months ended Jul. 31 on Wednesday, which revealed a 19% quarter-on-quarter drop in revenue to $6.5 billion, while net income fell 59% to $656 million. Revenue for its gaming division, which includes sales of GPUs that can be used for cryptocurrency mining, fell 44% in revenue from the previous quarter to $2.04 billion, which Nvidia attributed to …

Ethereum co-founder Vitalik Buterin suggests the superiority of cryptocurrency for payments is often "underrated" compared to fiat, pointing to the convenience of international payments and payments to charities as key examples. Buterin made the comments in a Twitter thread on Aug. 24, explaining that it's not just resistance to censorship, but also convenience that makes cryptocurrencies "superior" when it comes to international business, charity, and even payments within countries. People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they're so much more convenient. Big boost to international business and charity, …

The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders. According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system. Former Uniswap Labs executive Devin Walsh, now serving as executive director of UF shared the results in a tweet on Aug. 24, noting that the proposal to create the foundation “passed its final vote!” Last night our proposal to create the Uniswap Foundation passed its final …