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Ethereum Merge Completes Final Testnet Trial on Goerli

Ethereum has conducted its final testnet integration of the Merge. On August 11, the Merge went live on the Goerli testnet.

The post Ethereum Merge Completes Final Testnet Trial on Goerli appeared first on BeInCrypto.

Ethereum has conducted its final testnet integration of the Merge. On August 11, the Merge went live on the Goerli testnet.

Ethereum has crossed yet another milestone as it moves toward its proof-of-stake Merge transition next month. The final testnet for the Merge went live on the Goerli testnet on Aug. 11, completing the final trial before the main event in September. The merge with Goerli took place at around 1:45 AM UTC.

The successful integration is just one of the many that have taken place this year on testnets, and they have all been smooth and joyfully welcomed by the crypto community. The Merge has been one of Ethereum’s biggest developments, and it is shaping up to be an eventful Sept. as the network makes one of the biggest changes in its history.

The price of the Ethereum token has spiked noticeably as a result of the Goerli integration, going up by 12.6% in the past 24 hours. ETH has been one of the best performers among the major assets this week and is up 16.6% over the last 7 days. It’s now trading at $1,890.

No concerns about a fork

Ethereum co-founder Vitalik Buterin was at the recent ETH Seoul developer event, and he had a lot to say about Ethereum and its future. One of the topics he discussed was the potential effect the Merge would have on miners. Buterin said that he did not expect any adverse effects, as most of the Ethereum community was supportive of the Merge.

The co-founder said that he did not expect the network to be “significantly harmed by another fork.” Meanwhile, some like TRON’s Justin Sun support an Ethereum hard fork.

All eyes on Ethereum

The impact of the Merge cannot be understated by many. However, there is much more in store afterward, something Buterin has spoken about. At any rate, there has been a lot of attention thrown at the upcoming change.

The Merge may also result in increased institutional adoption. Bloomberg Intelligence seems to think so, saying in a report that the transition could accelerate Ethereum’s ascent to an institutional level investment.

However, one DeFi researcher doesn’t believe that Ethereum fees will come down after the Merge. He argues that fees are a function of blockspace demand and that the switch to proof-of-stake will not have an impact on this.

The post Ethereum Merge Completes Final Testnet Trial on Goerli appeared first on BeInCrypto.

Source: Markets – BeInCrypto

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Nasdaq focused on crypto custody services but no plans for crypto platform yet

In September, the world’s second-largest stock exchange Nasdaq announced that it will offer custody…

The post Nasdaq focused on crypto custody services but no plans for crypto platform yet appeared first on CoinJournal.

In September, the world’s second-largest stock exchange Nasdaq announced that it will offer custody services for Bitcoin (BTC) and Ether (ETH) to institutional investors. Nasdaq hired Ira Auerbach, a former Gemini employee, to head the new Nasdaq Digital Assets unit.

The main reason the new Nasdaq Digital Assets Unit was targeted toward institutional investors is the remarkable growth in crypto adoption among this class of investors in the past few years. While investing in cryptocurrencies is one thing, safeguarding the accumulated crypto holdings is another and company-owned crypto funds require special handling thus the need for custodial services.

While many crypto exchanges already offer crypto custody services for institutional investors, many believe the institutional investors’ space is largely neglected and Nasdaq is not late for the party.

No plans for a Nasdaq crypto platform yet

Despite Nasdaq jumping into the crypto space with the crypto custody services, the company’s executive vice president and head of North American markets, Tal Cohen, said that the company shall wait for further clarity in crypto regulations and global crypto adoption before it decides on whether to launch a crypto platform.

Speaking to Bloomberg TV, Cohen said:

“Those are discussions we are happy to have. But right now, on the retail side, the market is fairly saturated. There’s a number of exchanges servicing the retail customer base.”

Nasdaq instead plans to stick to its crypto custody services citing massive demand and opportunity from customers.

Cohen said:

“We think if you can safe-keep peoples’ assets, they’ll trust you to do everything else afterwards.”

Cohen also said that besides the custody services, the stock exchange was working on facilitating the transfer of digital assets.

The post Nasdaq focused on crypto custody services but no plans for crypto platform yet appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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