Contrary to expectations, the cryptocurrency market fell after the Ethereum merge. Meanwhile, there are breaking news from SHIB, AVAX and selected altcoin projects.
Shiba Inu (SHIB) now on Manchester City sponsor’s exchange
OKX exchange currently provides the highest interest rate for Shiba Inu of all exchanges. With the latest announcement, it launched the SHIB staking mechanism, which provides an annual return of 12%. According to the press release from the exchange, the deposit will be opened tomorrow. SHIB’s total blocking period will be 90 days with a subscription limit of 40 million SHIB per account. The total size of the stake pool is 1.2 trillion SHIB. Here is the list of APY rates for Shiba Inu and other tokens:
Huge news for SHIB, ETH, DOGE and more
This news is based on BigCommerce and its partnership with two crypto payment services, BitPay and CoinPayments. Tens of thousands of companies using BigCommerce services will accept crypto transactions as part of the triple alliance. The implementation of Bitpay and CoinPayments services will allow users to accept the most popular cryptocurrencies such as Dogecoin, Shiba Inu, Ethereum and of course Bitcoin. This is another important step forward for both crypto payments startups and cryptocurrencies, which are increasingly being accepted as a means of payment by various venues.
We're excited to announce our new partnerships with #cryptocurrency leaders @BitPay and @CoinPaymentsNET!
This partnership unlocks new potential for our merchants to reach customers, expand internationally, broaden market share and more 🚀
Keep reading: https://t.co/Gzl268O8JI pic.twitter.com/MI1engrFMD
— BigCommerce (@BigCommerce) September 15, 2022
Binance resumes ETH withdrawals, watch out for these
After the completion of the Ethereum rise, Binance resumed deposits and withdrawals. The leading exchange goes further to provide updates on the potential ETH PoW Blockchain. It says that if the potential Ethereum PoW Blockchain (ETHW) is successfully implemented, eligible users will be deposited ETHW at the rate of 1 ETH = 1 ETHW in their Spot wallet based on their net ETH balance in eligible wallets.
The Ethereum Merge was completed when the Terminal Total Difficulty (TTD) of 58750000000000000000000 today at 06:42:42 UTC.
Deposits and withdrawals for $ETH and ERC-20 tokens on the Ethereum Proof-of-Stake (PoS) chain are now open on #Binance. pic.twitter.com/y7Z2BoUuMM
— Binance (@binance) September 15, 2022
After Merge, the processing power of Ethereum Classic and Ravencoin doubled
Earlier on Thursday, Ethereum switched to a system that eliminates the need for miners. Immediately after, the hash rate strength of Ethereum Classic and Ravencoin almost doubled. However, ETC and RVN did not show the same momentum on the basis of price action. They are currently down around 3% compared to the last 24 hours.
Avalanche (AVAX) is now available on Bitcoin.com wallet
Multi chain wallet Bitcoin.com adds support for Avalanche (AVAX) ecosystem ahead of VERSE token launch. According to the official announcement shared by Bitcoin.com on their social media accounts and main website, “Ethereum killer” Avalanche (AVAX) becomes the latest locally supported Blockchain.
Therefore, thousands of Bitcoin.com users worldwide can now seamlessly buy, sell, send, receive and trade Avalanche (AVAX) tokens.
We are happy to announce the integration of the high-throughput, low-fee Avalanche network @avalancheavax to our self-custodial web3 wallet.
Millions of people are now able to buy, sell, send, receive, and manage Avalanche $AVAX on their Wallets.https://t.co/a5GB7jOQYt pic.twitter.com/zJa5wlbp1X
— Bitcoin.com (@BitcoinCom) September 8, 2022
cryptocoin.com As you follow, Ethereum merge is now live. Here we have discussed in detail what happened after his ascension.
