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Friday, April 14, 2023

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It's looking green in Shanghai

Post-Shanghai upgrade, Ethereum soars to eleven-month high, jumping over 7% in the past day to recapture the $2,100 mark.

One possible reason for the price rise is that along with the ability to withdraw the staked funds, the Shanghai upgrade also means that investors are now able to stake coins on the Ethereum mainnet, providing a source of passive income. Furthermore, the upgrade has provided financial institutions with greater confidence in their staking-as-a-service offerings.

In today's news, Mastercard drops NFTs, Nigerian crypto startup shuts down, and Justin Sun summoned by US court.

Read on!

Crypto Buyers Don't Just Want Profits?

Sure, making money is important to crypto buyers. But apparently, other reasons are important too.

Out of 10 people who buy crypto, at least 6 also do it because of the crypto's utility, technology and ability to disrupt the establishment.

Read more: https://gcko.io/upq4y7u

24h Hot Searches Worldwide

Arbitrum (+18.8%)
tomiNet (+1.2%)
Optimus AI (+23.1%)
Ergo (+10.8%)
Beldex (+3.8%)
Aptos (+9.7%)
Newscrypto Coin (+40.2%)

Why did Silicon Valley Bank collapse? In today's video, let's explore the biggest banking crisis since 2008 and how it affected the crypto market.

Tap here to watch!

What is $QTUM and how does it work?

Let's dive deeper to understand Qtum's energy-efficient PoS consensus mechanism, its key features, and latest development.

Mastercard plays the music

Payments processing firm Mastercard debuted a free Music Pass NFT drop this week amid the annual NFT NYC conference, offering collectors a number of benefits ahead for holding the token. The digital collectible is a part of the Mastercard Artist Accelerator program launched in January.

The Mastercard Music Pass NFT can be minted for free until the end of April, and is taking place on the Polygon network.

Decrypt

It's still a bear market somewhere

Nigerian crypto and Web3 company Lazerpay announced on April 13 that it is shutting down its operations. The shutdown comes just months after announcing layoffs in November 2022.

According to a statement released on Twitter by Lazerpay founder and CEO Emmanuel Njoku, the decision to shut down the startup was necessary after the company could not raise funds in a funding round.

CoinTelegraph

Sunset

A United States court has issued a summons to Tron founder Justin Sun's Singapore address in connection to a Securities and Exchange Commission (SEC) civil case.

According to the court, "judgment by default will be entered" should the Tron founder fail to respond — suggesting penalties related to alleged securities law violations related to offering and selling TRX tokens as unregistered crypto asset securities.

CoinTelegraph