Ethereum: The Merge FAQ
The Merge is the last step of a long road taken in Ethereum to move from Proof of Work to Proof of Stake.
From Solidus Capital, we clear any doubts you may have about this update.
Read more
|
|
|
Ethereum's Merge already has a date in code
The Ethereum network's most important update, The Merge, has been scheduled in two phases: the first for September 6; the second, between September 10 and 20. Following this upgrade, Ethereum will move away from the energy-intensive security model to a capital-intensive model.
|
|
Forbes: 51% of Digital Assets trading volume is likely fake
According to recent research on 157 Digital Assets exchanges conducted by Forbes, 51% of traded volume could be based on market manipulation to attract investors.
|
|
South Korea's largest investment bank and Samsung to launch digital asset exchange
Investment bank Mirae Asset Securities, with US$ 648B in assets under management (AUM), and Samsung Securities are among seven companies that received preliminary approval from the country's financial authorities to open Digital Asset exchanges by the first half of 2023.
|
|
Malaysia's leading investment bank and Ant Group to launch wealth management "SuperApp" for Digital Assets
Investment bank Kenanga is partnering with Chinese tech giant Ant Group (firm behind Alipay) to create a "SuperApp" to enable trading of stocks, digital assets, foreign exchange and investment management, after spending a year conceptualizing and designing.
|
|
Sullivan Bank to offer trading of Digital Assets after partnering with Bakkt
U.S. bank founded in 1895, Sullivan Bank, has entered into a partnership with Digital Assets platform Bakkt to offer buying, selling and custody of BTC and ETH to its clients.
|
|
Singapore's DBS Bank reports 4x more bitcoin purchases after price drop
One of Singapore's largest banks and a pioneer in offering products and services with Digital Assets, stated that its investors bought four times more bitcoin following the price drop in June through its exchange, DDEx.
|
|
Dollar stablecoins at risk of ban in Europe under MiCA law, says Blockchain for Europe
Larger cap and trade volume stablecoins, such as USDT, USDC and BUSD, risk a ban in Europe if the current version of the MiCA Act is implemented, according to Blockchain for Europe and the Digital Euro Association. The law reportedly imposes quantitative limits on issuance and use of these assets anchored to currencies other than the euro, which would be overpassed by the stablecoin giants.
|
|
Euro falls back below the dollar to 20-year lows
On August 22, the euro fell below the U.S. dollar for the second time this year, reaching a low of 0.99411. Such levels have not been reached since November 2002. According to Erik Voorhees, CEO of Exchange ShapeShift, the EUR has fallen 20% against real assets this year, despite central banks reporting single-digit inflation figures.
|
|
Senator calls Tornado Cash sanctions "a divergence from OFAC precedent"
Sen. Tom Emmer (R-Minn) led a letter against the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) seeking explanations for the sanctioning of Ethereum's Tornado Cash software, arguing that it is the first sanction against anything other than a responsible person or entity.
|
|
European Central Bank: CBDC is the only solution to digital money
The European Central Bank published a new paper stating that Central Bank Digital Currencies (CBDC) represent the only solution to facilitate the continuation of the present monetary system, dismissing existing privacy and negative interest rate concerns.
|
|
BVI court orders liquidation of Three Arrows Capital
Digital Asset derivatives firm Deribit, in conjunction with Blockchain.com, initiated a liquidation complaint against Singapore-based hedge fund Three Arrows Capital (3AC) in a British Virgin Islands court, which issued a liquidation order last Monday, June 27.
|
|
Meta begins Ethereum and Polygon NFT testing for Facebook profiles
Executives at social media giant Meta offered a glimpse of what the implementation of NFT on Facebook profiles will look like. In an initial phase, it will have support for Ethereum and Polygon NFTs, but they say they will later make room for non-fungible tokens from other networks such as Solana and Flow.
|
|
Publicly traded investment firm sells off all its bitcoins and ethers
Cypherpunk Holdings, one of the existing publicly traded companies in the Digital Assets industry, switched their entire bitcoin and ether treasury to cash, on account of market instability. In total, they sold 205.8209 ether (ETH), for US$ 227K and 214.7203 bitcoin (BTC) for US$ 4.7M.
|
|
|
Solidus Capital is the leading firm in Digital Assets, which provides exclusive, agnostic, and institutional services such as Liquidity, Custody Solutions, Wealth (Private Accounts and Portfolio Management), Multi-Strategy Funds, Private Placements, and other sophisticated products in conjunction with bespoke accompaniment to High Net Worth Individuals, Family Offices, Companies, Wealth Managers and Banks.
|
|
|
By relying on Solidus' services, investors avoid the classic fatal mistakes:
|
|
- Lacking information in the context and moments of the market
- Executing operations inefficiently
- Using unreliable service providers and infrastructure
- Closing of accounts and freezing of funds
|
|
Disclaimer
You have received this message because your email address is on our list of subscribers and/or because you are a client of the firm. If you have received this message in error or if you do not want to receive more opportunities and/or emails like this, please click on the following link: unsubscribe. Copying, forwarding, or disclosing the content of this message to third parties without the consent of Solidus is prohibited. This communication has been prepared for informational purposes only. This does not constitute an offer or recommendation to buy or sell any particular security, asset or instrument or to adopt any investment strategy. This is not advice, solicitation, or opinion regarding any transaction. This bulletin does not represent value judgments with respect to any financial instrument, issuer, security or sector that may be described or referenced in this document and does not represent the views of Solidus Capital and/or its affiliates (collectively Solidus Group). Recipients of this newsletter should not construe its content, or any prior or subsequent communication from or with Solidus Group or its representatives as investment, legal or tax advice. Although this material has been prepared using public and private sources believed to be reliable, Solidus Group makes no warranties or representations regarding the accuracy or completeness of the information set forth herein. Investing in digital assets is a high risk investment. Digital assets are subject to limited liquidity and price volatility. The digital asset industry (cryptocurrencies and digital tokens) is not as regulated as many other mature financial industries, making it an unprotected space with no deposit protection insurance coverage. The future performance of digital assets is unpredictable and their past performance is not a guide to accurate forecasting, nor is it a reliable indicator of future results. The content of this document, the trademarks “Solidus Advisors”, “Solidus OTC”, “Solidus Capital” and their legal subsidiaries are the property of Solidus Holding Company, Solidus Group Ltd. By accepting this communication in its entirety, the recipient acknowledges their understanding and acceptance of the terms established herein.
|
|
|
|
|
|
