• XRP rose to a five-month high on Tuesday, as prices climbed for a fourth straight session.
• Monero (XMR) was a notable token to fall, as prices moved to a five-day low.
• The global market cap is down 2.35% as of writing.
XRP Hits Fresh 5-Month High
Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing.
RSI Moving High
Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87. This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00. Earlier gains in XRP have already begun to ease, with bulls seemingly securing gains around this ceiling.
Monero (XMR)
During today’s red wave, monero (XMR) was a notable token to fall, as prices moved to a five-day low. Following a high of $163.98 to start the week, XMR/USD slipped to a bottom at $149.85 earlier in today’s session. The drop sees monero fall by as much as 7%, edging closer to a long-term support point at $146
Bitcoin Hero is an automated cryptocurrency trading platform. It allows users to trade Bitcoins and other cryptocurrencies without any manual intervention. With a user-friendly interface, advanced trading tools and a simple interface, the platform makes trading easy for both beginners and professionals. We will be looking at Bitcoin Hero and its features to determine if it is legit or a scam.
Bitcoin Hero – Is it a Scam or Legitimate Business?
In recent years, cryptocurrency trading has grown in popularity. But there are also scams. Many people have fallen for fraudulent trading platforms promising huge returns, but ultimately stealing their cash. You don’t have to fall for scams if you know how to identify legitimate trading platforms.
How to spot a scam
There are many ways to spot a fraudulent trading platform. First, make sure to verify the security features of the website, such as SSL encryption and two-factor authentication. Second, read reviews and see if there have been any issues with the platform. Finally, verify that the platform has been registered and is regulated by a financial institution.
Is Bitcoin Hero a scam or legitimate?
Bitcoin Hero is a legit trading platform and has received many positive reviews. It is registered and regulated, and it has strong security features to protect your funds. There are risks associated with investing. Users should be cautious and only lose what they can afford.
What is Bitcoin Hero?
Bitcoin Hero is an automated trading platform that uses algorithms to analyze market trends, and place trades for users. This system was created to make trading easy for those with little or no trading experience. There are many benefits to the platform, including:
Bitcoin Hero has many benefits
Automated trading
Advanced trading tools
Interface that is user-friendly
High success rate
There are some drawbacks to using Bitcoin Hero
There are limited cryptocurrency options
No mobile app
How to Use Bitcoin Hero
This is a step by step guide to help you get started trading with Bitcoin Hero.
Register for Bitcoin Hero
Visit the website to sign up for Bitcoin Hero. You will need your name, email address, password, and number.
Connecting to a trading account
After signing up, connect a trading account with the platform. Bitcoin Hero supports many trading platforms including Binance and Coinbase as well as Kraken.
Making a deposit
After your trading account has been connected, you’ll need to make a deposit in order to trade. Bitcoin Hero requires that you deposit $250 minimum.
Set up trading parameters
Once you have made a deposit, your trading parameters can be set up. These include the amount of money you wish to invest per trade, maximum trade frequency per day, and stop-loss limit.
Trades can be started
After you have set up your trading parameters, click the “Trade Now” button to start trading. Bitcoin Hero’s automated trading platform will begin analyzing market trends to place trades for you.
The Key Features of Bitcoin Hero
Bitcoin Hero has several unique features that make it stand out from other automated trading platforms.
Demo Trading Account
Bitcoin Hero provides a demo account for traders that allows them to trade without the risk of losing real money.
Advanced Trading Tools
Bitcoin Hero’s advanced trading tools offer technical analysis indicators, market data and customizable trading parameters.
Friendly Interface
Bitcoin Hero’s intuitive interface makes trading easy for beginners.
Support for Customers
Bitcoin Hero provides 24/7 customer support via email, live chat, and phone.
Bitcoin Hero Review
Based on our experience with Bitcoin Hero as well as reviews from other users, the platform is simple to use and has a high success rate. It’s also reliable and offers strong security features to protect funds. It is important to remember that any investment has risks and that investors should not invest more than they can afford.
The pros and cons of Bitcoin Hero
These are the pros and con’s of using Bitcoin Hero.
Benefits of Bitcoin Hero
Automated trading
Advanced trading tools
Interface that is user-friendly
High success rate
Bitcoin Hero’s disadvantages
There are limited cryptocurrency options
No mobile app
Is Bitcoin Hero Suitable for You?
Bitcoin Hero is ideal for those who want to trade cryptocurrency, but have little or no trading experience. For experienced traders looking to automate their trading, it is suitable. It may not work for traders who trade many cryptocurrencies, or those who prefer to trade on a mobile application.
Bitcoin Hero’s Security and Privacy
Bitcoin Hero is committed to privacy and security. The platform has strong security measures in place that protect personal information and funds. To protect users’ funds, the platform uses SSL encryption and two-factor authentication.
Conclusion
Bitcoin Hero, an automated trading platform that is trusted and legitimate, offers many benefits to both beginners and professionals. Users should exercise caution and limit their risk.
FAQ
What is Bitcoin Hero?
Bitcoin Hero is an automated cryptocurrency trading platform which allows users to trade Bitcoins and other cryptocurrencies without any manual intervention.
What is Bitcoin Hero?
Bitcoin Hero is an automated trading platform that analyzes market trends and makes trades for users.
Is Bitcoin Hero a scam or legitimate?
Bitcoin Hero is a legit trading platform with positive reviews from many users.
Bitcoin Hero: Can I make money?
Bitcoin Hero can make you money, but there are also risks. Users should not invest more than they can afford.
Who should use Bitcoin Hero
Bitcoin Hero is suitable to anyone who wishes to trade cryptocurrency, but has very little or no trading experience. This tool is suitable for traders with experience who wish to automate trading.
What amount should I invest in Bitcoin Hero
Bitcoin Hero requires $250 minimum deposit, but users have the option to invest more if desired.
What are the potential risks associated with using Bitcoin Hero
There are risks associated with investing. Users should not invest more than they can afford.
Is Bitcoin Hero safe?
Bitcoin Hero is secure. The platform uses strong security measures to protect user funds and personal information.
How can I withdraw my Bitcoin Hero earnings?
Log in to your Bitcoin Hero account and submit a withdrawal request. The funds will be transferred directly to your trading account.
What are some alternatives to Bitcoin Hero?
Alternative platforms to Bitcoin Hero are eToro and Coinbase.
Bitcoin Circuit allows users to trade cryptocurrency with ease using an automated trading platform. Many people are searching for ways to invest and increase their cryptocurrency popularity. Bitcoin Circuit makes it simple for anyone to invest cryptocurrency without any trading experience or prior knowledge.
This article will provide an in-depth review of Bitcoin Circuit including its features and benefits, reputation, fees, and security. This article will help you to determine whether Bitcoin Circuit is legitimate or fraudulent.
What is Bitcoin Circuit?
Bitcoin Circuit is an automated trading platform which uses advanced algorithms to analyze cryptocurrency markets and make profitable trades. It is easy to use, so even beginners can use it. Bitcoin Circuit is available worldwide and provides access to a variety of cryptocurrencies including Bitcoin, Ethereum and Litecoin.
How Bitcoin Circuit works
Bitcoin Circuit uses sophisticated algorithms to analyze cryptocurrency markets and identify profitable trades. Automated means that the platform executes trades for the user. You will need to create an account, deposit funds and activate the automated trading function. Once you activate the feature, it will begin to analyze the market and execute trades for your account.
Bitcoin Circuit: Benefits
Interface that is user-friendly
Automated trading
You have access to many cryptocurrencies
High success rate
Demo trading account
Risk management tools
24/7 customer support
Bitcoin Circuit: Legit or Scam?
Bitcoin Circuit has enjoyed a lot of popularity recently, but the question is: Is it legitimate or a scam. We need to examine Bitcoin Circuit’s reputation and user reviews, legal status, as well as comparisons with similar platforms.
Overview of Bitcoin Circuit’s Reputation
Bitcoin Circuit enjoys a great reputation within the trading community. CNN, Forbes, CNBC, and CNBC have featured the platform. This is a sign that the platform has been recognized in the industry and is legit.
User reviews
Bitcoin Circuit has received positive feedback from users. The platform has received positive reviews from users for its easy-to-use interface, automated trading feature and high success rate. Unfortunately, some users have negative feedback and did not earn any profit on the platform.
Bitcoin Circuit legal status
Bitcoin Circuit is an authorized platform that is available in many countries. It is licensed and regulated. This means it adheres to the laws and regulations in the countries it operates.
Comparative analysis with similar platforms
Bitcoin Circuit isn’t the only platform that offers automated trading. It stands out because of its easy-to-use interface, high success rate and 24/7 customer service.
How to Use Bitcoin Circuit
It is simple and easy to use Bitcoin Circuit. These are the steps:
Register process
You will need your name, email address and telephone number to register with Bitcoin Circuit. After you have submitted your information, you will receive an email confirmation with a link to activate the account.
Depositing funds
To trade, you must deposit funds after activating your account. You will need to deposit $250 minimum, which is reasonable compared with other platforms.
Options for trading
After you have made a deposit, you can either activate the automated trading feature of the manual trading option or make a deposit. For experienced traders, the manual trading option can be used. The automated trading feature is best for beginners.
The withdrawal process
You will need to send a withdrawal request via the platform in order to withdraw your funds. The withdrawal process can take up to 24 hours.
Features and tools for the Bitcoin Circuit
Bitcoin Circuit offers many tools and features that make trading simple and profitable. These are just a few of the tools and features available on the platform.
User interface overview
Bitcoin Circuit’s user-friendly interface makes trading simple and easy. It is simple to use and all information is available on the dashboard.
Demo trading account
Bitcoin Circuit offers a demo account for traders that allows them to trade without risking any of their funds. For beginners looking to learn how trade, the demo account is an excellent feature.
Risk management tools
Bitcoin Circuit offers several risk management tools to help users reduce their risks. These tools include stop-loss and take-profit orders as well as risk management settings.
Customer support
Bitcoin Circuit offers 24/7 customer service via live chat, email, or phone. They are available 24/7 to help users with any problems they might encounter.
The pros and cons of the Bitcoin Circuit
These are the pros and cons to using Bitcoin Circuit.
Benefits of Bitcoin Circuit
Interface that is user-friendly
Automated trading
You have access to many cryptocurrencies
High success rate
Demo trading account
Risk management tools
24/7 customer support
There are disadvantages to using Bitcoin Circuit
No mobile app
It is not available in all countries
No guaranteed profits
Comparative analysis with similar platforms
Bitcoin Circuit is different from other similar platforms due to its user-friendly interface and high success rate. It also offers 24/7 customer support.
Bitcoin Circuit Security
Bitcoin Circuit is committed to security and has taken several steps to ensure that user data is protected and against cyber attacks. These are just a few of the security measures that have been put in place.
Overview of the security measures taken by Bitcoin Circuit
Bitcoin Circuit uses SSL encryption to secure user data and prevent unauthorized access. Two-factor authentication is also implemented by the platform to make sure that only authorized users have access to their accounts.
How user data are protected
SSL encryption protects user data. This ensures that all data between the platform’s server and the user is encrypted and secured.
Cyber attacks prevented by taking measures
Bitcoin Circuit has taken several steps to protect itself from cyber attacks. These include regular security audits and updates as well as firewalls and intrusion detection systems.
Bitcoin Circuit Fees
Bitcoin Circuit charges a 2% fee for all profits made on the platform. This fee is fairly low compared to other platforms and is automatically deducted from the user’s account. There are no hidden fees on the platform, and all fees can be seen.
Comparative analysis with similar platforms
Bitcoin Circuit’s fees, when compared to similar platforms, are transparent and reasonable.
How are fees calculated
The fees are calculated as a percentage from the platform’s profits. If a user makes $100 in profits, the fee will be $2.
Bitcoin Circuit and Cryptocurrency Market
The cryptocurrency market is volatile. This means there are both risks and rewards to investing in cryptocurrencies. Bitcoin Circuit is a platform that allows users trade cryptocurrencies easily and reduces their risk using its risk management tools.
Overview of the cryptocurrency market
The cryptocurrency market operates 24 hours a day and is decentralized. It is highly volatile and prices can fluctuate quickly.
How Bitcoin Circuit fits in the market
Bitcoin Circuit is a platform that allows users trade cryptocurrencies easily and reduces their risk using its risk management tools.
Both potential risks and potential rewards
There are both risks and rewards to investing in cryptocurrency. While the potential rewards can be great, so too are the risks. It is crucial to do your research before you invest.
Conclusion
Bitcoin Circuit is a legal platform that offers a user-friendly interface and automated trading. It also gives access to a large number of cryptocurrencies. It has positive reviews and is licensed and regulated. Although there are risks involved in investing in cryptocurrency, Bitcoin Circuit offers a platform that minimizes those risks and maximizes profits.
FAQ
Is Bitcoin Circuit simple to use?
Bitcoin Circuit is simple to use and user-friendly.
What is the maximum amount of money I can make using Bitcoin Circuit?
There are many factors that affect the amount you can make with Bitcoin Circuit. These include the amount you invest, market conditions and your trading strategy.
Is Bitcoin Circuit regulated
Yes, Bitcoin Circuit has been licensed and is currently regulated in all countries it operates.
What is the minimum Bitcoin Circuit deposit?
Bitcoin Circuit requires a minimum $250 deposit.
Is it possible to withdraw funds from Bitcoin Circuit at any moment?
You can withdraw funds from Bitcoin Circuit at any moment.
What is the success rate for Bitcoin Circuit?
Bitcoin Circuit’s success rate is high and many users report making money on the platform.
Is Bitcoin Circuit available in my country?
Bitcoin Circuit is available in many countries but not all.
Are there hidden fees for Bitcoin Circuit?
Bitcoin Circuit doesn’t charge hidden fees and all fees are transparent.
Can I use Bitcoin Circuit on my mobile device?
Bitcoin Circuit doesn’t have a mobile application, but it is mobile-friendly and can still be accessed via a mobile browser.
How do I reach customer service at Bitcoin Circuit?
Bitcoin Circuit offers 24/7 customer support via live chat, email and phone.
• Globaldata predicts that China will become a leader in metaverse tech during 2023.
• China is investing in technologies like AI, VR, AR and 6G to become a global metaverse hub.
• Chinese investments focus on the industry rather than consumer products.
China Set to Become Metaverse Tech Leader
Globaldata, a global consulting and data analysis company, recently issued a report which predicts that China will become a leading country in metaverse tech during 2023. China is positioning itself to outpace advances in the West by investing heavily into other related technologies such as artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and 6G, with plans to configure itself as a metaverse hub.
Focus on Industrial Applications
The Chinese Ministry of Industry and IT has released reports highlighting the application of VR and metaverse tech into industrial processes, showing how these can be mixed efficiently. As such, Globaldata proposes that the Chinese metaverse is likely to focus more on the industry and the benefits that it can reap from including metaverse tech in its processes. This approach is expected to highlight the value of the metaverse compared to existing one-off experiences such as social media, gaming, or ecommerce.
Growing Interest Despite Cooling Period
Despite estimations that put the sector value of the metaverse at $376 billion by 2025, 2023 is described as a year in which investments in this technology may suffer a cooling period due to waning interest worldwide. Nevertheless, Chinese provinces and cities have already presented plans to become hubs for this technology – Shanghai and Zhejiang among them – indicating continued investment regardless of temporary drops in interest elsewhere.
Implications for Other Countries
The progress made by China towards becoming a leader in this field could have implications for other countries too; those who do not invest sufficiently into related technologies may find themselves falling behind if they choose not to keep up with technological advancements being made elsewhere.
Conclusion
In conclusion then, it appears inevitable that China will soon become an important player within this sector due largely to its commitment towards investing sufficient resources into related technologies like AI, VR/AR and 6G connectivity. As such then it remains imperative for other nations considering their own advancement within this space should remain aware of China’s progress so they do not fall too far behind over time.
• On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC and noted that the liquidity operations would resume normally on Monday morning in the United States.
• Circle noted that it will stand behind USDC and cover any shortfall using corporate resources and involving external capital if necessary.
• The company also discussed the failure of Silicon Valley Bank (SVB) but emphasized USDC’s strong liquidity and reserve assets.
Circle Issues Update Amid Stablecoin Volatility
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC and noted that the liquidity operations would resume normally on Monday morning in the United States. The company stated it will be ready to “handle significant volume” and stands behind USDC to cover any shortfall using corporate resources, involving external capital if necessary.
Circle Confident in USDC Stability Despite SVB Failure
Circle discussed the failure of Silicon Valley Bank (SVB), but emphasized USDC’s strong liquidity and reserve assets with $3.3 billion held at SVB. Circle initiated transfers of these funds to other banks and is confident in FDIC’s management of this situation. However, a negative scenario could arise where SVB may not become whole and returns may take time; however, Circle still stands behind USDC for any shortfall if this were to occur.
USDC Drops Then Rises 10%
On Monday morning usd coin (USDC) was redeemable 1-for-1 with U.S Dollar as expected; however before then at 3:02 a.m ET on Saturday it dropped to a low of $0.877 per unit before rising back up 10% later in the day at 4:15 p.m., trading for $0.971 per coin instead. Other five stablecoins also deviated from their $1 parity during this time period too).
Circle Prepared To Cover Any Shortfall
Circle mentioned that it has “reason to believe,” under applicable FDIC policy “transfers initiated prior to a bank entering receivership would have otherwise been processed normally.” If this does not occur then Circle is prepared to cover any shortfall by using corporate resources and potentially external capital if necessary; ensuring customers are not left out of pocket or unable to access their money due to events beyond their control or understanding .
Conclusion
Overall it appears that despite some initial volatility over the weekend with six major stablecoins deviating from their $1 parity for various reasons including SVB’s failure ,Circle Financial remains confident in its ability provide services as normal with confidence in redeeming usd coin (USD) 1-for-1 with U.S Dollars by standing behind them financially should any issue arise , while still maintaining an open dialogue with customers throughout
Bitcoin (BTC) and Ethereum (ETH) have both dropped to multi-week lows in response to uncertainty surrounding Silvergate.
BTC/USD slipped to an intraday low of $22,241.78 while ETH/USD dropped below the $1,600 mark.
The relative strength index (RSI) for both Bitcoin and Ethereum is currently at its lowest point since January 1.
Price Drop in Bitcoin and Ethereum Uncertainty Surrounding Silvergate
Bitcoin (BTC) and Ethereum (ETH) have hit a two week low after crypto markets reacted to fallout surrounding Silvergate. The crypto bank recently announced that it couldn’t file its annual report to the Security and Exchange committee which has caused Binance, Coinbase and other exchanges to halt transactions. As a consequence, BTC/USD slipped to an intraday low of $22,241.78 earlier in the day while ETH/USD moved to a bottom at $1,553.85 earlier in the day. This is significantly lower than Thursday’s high of $23,540.16 for bitcoin and $1,652.43 for ethereum respectively.
Relative Strength Index Lowest Point Since January 1st
The relative strength index (RSI) for both Bitcoin and Ethereum is currently at its lowest point since January 1st due this recent price drop reaction from uncertainty around Silvergate. Both currencies are now trading at their weakest level since Valentines Day on February 14th with BTC’s RSI tracking at 42.91 and ETH’s RSI tracking at 44.51 which is marginally above the next support at 44.00 .
Binance Coinbase Halt Transactions Due To FalloutAnalysis Of Price Movements Conclusion
• Chipper Cash, a Nigerian fintech company, recently announced it has let go of more employees as part of its cost-containment measures.
• The exact number of axed workers is uncertain but one report estimated it to be around 100, or 12.5% of Chipper Cash’s entire workforce.
• Despite the layoffs, CEO Ham Serunjogi has denied reports that the firm has shut down its crypto department and said they will continue to invest in the product.
Chipper Cash Lays Off More Workers
Chipper Cash, a Nigerian fintech company, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire workforce.
Deteriorating Macroeconomic Climate
The latest retrenchment exercise has impacted all areas from human resources to research and legal departments. Commenting on the fintech’s axing of talented employees less than three months after it laid off the first group, Chipper Cash CEO Ham Serunjogi detailed the circumstances that prompted the company to let go of some of its talent: “The last two years were a period of rapid growth and scaling for us as a business and, to reflect this, our global headcount grew by around 250 people. However, given the macroeconomic climate, we are narrowing our current focus to core markets and products – concentrating our efforts where we know we can thrive.”
Crypto Department Still Operational
Despite these layoffs CEO Ham Serunjogi has dismissed reports that their firm have shut down their crypto department saying they will continue investing in their product as it is one their largest platform in Africa and growing fastly.
Containing Operating Costs
With such unfavorable circumstances prevailing for more than one year now Chipper cash can only operate efficiently with a smaller team which necessitated these layoffs as part cost containment measure by the firm.
African Crypto Newsletter
Register your email here to get a weekly update on African news sent to your inbox: African Crypto NewsletterSign up
• Rightfulshare, an income equality advocacy movement, recently launched the “first unconditional” crypto universal basic income (UBI) transfer to a local entrepreneur in South Africa.
• The launch is seen as a pioneering step for fairer income access and provides resources and Web3 solutions to the people of South Africa.
• Beneficiaries will receive the crypto UBI every month for one year, as well as access to mentoring and learning opportunities from business development to Web3 education.
Rightfulshare Launches First Crypto Universal Basic Income
Rightfulshare, an income equality advocacy movement, recently said it has launched what it describes as the “first unconditional” crypto universal basic income (UBI) transfer to a local entrepreneur residing in South Africa. According to the movement’s Jan. 31 press release, selected beneficiaries will receive the crypto UBI “in Gooddollar to use as they choose” each month for one year.
Fairer Income Access
The launch has been described as “a pioneering step for fairer income access,” providing both resources and Web3 solutions to a small town in the country. Founder of Rightfulshare Karen Jooste claimed that not only does this expand possibilities for unemployed South Africans but also nurtures their entrepreneurial spirit. In addition to receiving the crypto UBI each month for one year, beneficiaries “will also have access to mentoring and learning opportunities” ranging from business development to Web3 education.
Replicating Project In Metaverse
To help those outside South Africa gain a better understanding of Rightfulshare’s project, it is currently being replicated in the metaverse. This will allow users from anywhere around the world with internet access get an insight into how this project works and how it can be beneficial in other parts of the world too.
Advocates For Equality
The mission of Rightfulshare is rooted in advocating for equality by utilizing digital tools such as blockchain technology and cryptocurrencies like Gooddollar in order to achieve these goals on a global scale. By providing people with basic incomes through these digital transfers, poverty can be alleviated on an unprecedented level while also encouraging entrepreneurship throughout disadvantaged communities all around the world where jobs are scarce or non-existent at all.
Conclusion
Rightfulshare’s launch of its first unconditional crypto UBI transfer marks an important milestone not just for South Africa but also worldwide when it comes to fighting poverty with innovative solutions like blockchain technology and cryptocurrencies like Gooddollar which provide real benefits directly into people’s pockets on a consistent basis without any strings attached or conditions needing met before those funds are received by recipients who need them most desperately – giving them more freedom than ever before while simultaneously encouraging economic growth within these communities through self-empowerment initiatives like this which could potentially benefit millions if adopted fully worldwide
• Ethereum core developers plan to activate the “Shapella” transition through the Zhejiang public testnet on Feb. 7, 2023.
• The testing is designed to identify any problems before the official Shapella upgrade is applied to the mainnet in March.
• If successful, Beiko said Sepolia and Goerli testnets could follow two days later, allowing validators to withdraw their locked ETH funds.
Ethereum Plans ‘Shapella’ Transition
Ethereum core developers plan to activate the “Shapella” transition through the Zhejiang public testnet on Feb. 7, 2023, according to Tim Beiko of the Ethereum Foundation. If successful, he said Sepolia and Goerli testnets could follow two days later, allowing validators to withdraw their locked ETH funds.
Devs Prepare for ‘Shapella’ Upgrade
On Feb. 2, 2023, Tim Beiko of the Ethereum Foundation announced that developers are preparing for a “Shapella” upgrade with Zhejiang as its first test network. This upgrade combines two planned enhancements: “Shanghai” and “Capella,” which will enable withdrawals on the execution layer and upgrade the Beacon chain consensus layer simultaneously. To get ready for this transition, Beiko encouraged validators to obtain 33 ether from a faucet available on this network.
Monitors Bug Before Testnet Activation
The Ethereum Foundation member also mentioned that they are monitoring for bugs before activating Shapella via Zhejiang’s testnet; this is done in order to identify any problems before applying it officially onto mainnet come March 2021. Currently 16.4 million ETH—worth $26 billion using exchange rates—are locked into Beacon chain contracts; once Shapella is launched these funds can be released by validators without issues or delays.
Lido Announces Withdrawals Feature
Recently Lido announced plans for a withdrawal feature prior to upcoming mainnet upgrades in March; Beiko reassured everyone that “withdrawals are coming” if all goes well with other testnets transitions leading up until then. He further noted that there would be another All Core Devs (ACD) meet-up soon where more details about Shapella would be discussed and clarified for those interested in learning more about it..
Timeline of Events
Be sure not miss out! Here’s what’s happening so far:
• Feb 2nd – Developers prepare Shapella upgrade using Zhejiang as first test net
• Feb 7th – Activation of “Shapellla” transition thru Zhejiang public test net
• Feb 9th – Sepolia and Goerli tests nets follow if all goes well
• Coinbase is closing down most of its operations in Japan after announcing a round of job cuts globally.
• The crypto exchange teamed up with Mitsubishi UFJ Financial Group Inc. to launch a crypto exchange in Japan in 2021 and is finalizing its discussions with Japan’s top financial regulator, the Financial Services Agency (FSA).
• Coinbase has been cutting its workforce globally and CEO Brian Armstrong announced the company’s latest round of job cuts Tuesday, letting go of about 950 people.
Coinbase, a Nasdaq-listed cryptocurrency exchange, is closing down most of its operations in Japan after announcing another round of job cuts globally. CEO Brian Armstrong announced the company’s latest round of job cuts Tuesday, letting go of about 950 people. This move, he said, is necessary to weather the industry downturn.
Coinbase had teamed up with Mitsubishi UFJ Financial Group Inc. to launch a crypto exchange in Japan in 2021. However, Nana Murugesan, vice president for business development and international, revealed in an interview with Bloomberg Wednesday that the company has decided to wind down the majority of its operations in Japan, leading to eliminating most of the roles in their Japan entity. Murugesan noted that a small number of employees in Japan will remain to ensure the safety and security of customer assets.
Coinbase has been cutting its workforce globally in order to ensure the company stays “healthy during this economic downturn”. This includes a decision to reduce the size of its team by about 18%, or about 1,200 employees, back in June 2020.
Despite the job cuts, Coinbase CEO Brian Armstrong remains optimistic about the future of the company and the industry. He said, “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto.” He also noted that the company is finalizing its discussions with Japan’s top financial regulator, the Financial Services Agency (FSA).
The winding down of Coinbase operations in Japan marks an important transition for the company, as well as the industry. It remains to be seen if the company will be able to weather the current economic downturn and emerge stronger in the long run.