Connect with us

Bitcoin

APENFT Supports Potential Ethereum Hard Fork and NFT Trading On The New Chain

Singapore, Singapore, 17th August, 2022, Chainwire APENFT Marketplace has announced support for the Ethereum 2.0 Merge and its potential hard fork on Wednesday, August 10, which will help NFT trading on the new Ethereum chain welcome all NFT projects that side with the fork. According to sources, the merge is expected to take place in…

Singapore, Singapore, 17th August, 2022, Chainwire

APENFT Marketplace has announced support for the Ethereum 2.0 Merge and its potential hard fork on Wednesday, August 10, which will help NFT trading on the new Ethereum chain welcome all NFT projects that side with the fork.

According to sources, the merge is expected to take place in September. The topic of consensus mechanism upgrade is a hot topic in the crypto community. These discussions led to a hard fork in the ETHPoW Blockchain as some community members prefer ETHPoW to ETHPoS.

“As the Founder of a PoS blockchain, I believe that PoW has its own unique value,” H.E. Justin Sun, Founder of TRON said. “In reality, the industry may have underestimated Ethereum’s value as the PoW smart contract Blockchain. We’ve witnessed the consensus mechanism of PoW as a key factor driving the expansion of the Ethereum ecosystem, and we are seeing strong support from the community to its continued development.”

APENFT Marketplace also intends to fully support an Ethereum hard fork. This is in order to encourage the diversification of the crypto market. This will safeguard the interests of the crypto community after the merger and allow NFTs trade on the new chain while still being able use the forked token. It will continue to partner with NFT and wallet teams as well as ecosystem builders who support the Ethereum Fork and help improve the NFT ecosystem at ETHPoW.

APENFT Market, the first decentralized NFT platform to support the Ethereum hard fork is a long-standing platform for NFT on the TRON blockchain and has been growing with the full backing from the TRON ecosystem. Through Developer Sprint and the TRON 101 project, the platform has attracted over 100 NFT projects since its MainNet launch. NFT creators and developers have received generous funding and project launch services.

APENFT Marketplace was established in the TRON ecosystem and aims to provide exceptional services for its users. The platform will be updated to the ETHPoW version in the event of an Ethereum hardfork. This will give users of the Ethereum ecosystem a wider range of options, and create a more inclusive NFT marketplace.

About APENFT

Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). APENFT’s mission is to support the creator economy and promote financial and cultural inclusion in this metaverse. Our vision is to seamlessly integrate the virtual and real worlds. APENFT Foundation is the first NFT-art foundation to make crossover purchases. We seek to promote inclusion and diversity, increase our multimedia audience, expand our membership, and bridge the conversation between stakeholders from the traditional and digital art worlds. Our collection will soon be available to the whole community via a series of curated, online exhibitions in metaverse.

APENFT Marketplace | Twitter | Telegram | Discord

Contacts

Read More

Continue Reading
Advertisement I show You how To Make Huge Profits In A Short Time With Cryptos!
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bitcoin

Vote postponed to renominate SEC commissioner Caroline Crenshaw

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw” The vote was postponed minutes before it was due to begin by Brown No date has been set for Crenshaw’s renomination A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been…


US SEC Commissioner Jaime Lizárraga to resign in January

  • Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw”
  • The vote was postponed minutes before it was due to begin by Brown
  • No date has been set for Crenshaw’s renomination

A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed.

The vote was originally scheduled on December 11; however, it was postponed minutes before it was due to begin, reports Bloomberg. Sherrod Brown, the Senate Banking Committee chair, delayed the vote. When Brown requested the vote occur later that day, Republican senators blocked his request.

Brown later released a statement saying that corporate special interests are running a “disgusting smear campaign against Caroline Crenshaw.”

No date has been set for her renomination.

Earlier this week, crypto and blockchain advocacy groups voiced their opposition to Crenshaw’s renomination.

In a letter to Brown and Senate Banking Committee Ranking Member Tim Scott, the Blockchain Association and the DeFi Education Fund argued that Crenshaw’s actions have undermined Congress’s mandate to establish clear regulatory policies for the crypto industry.

In their letter, they mention Crenshaw’s “continued opposition to the approval of a spot Bitcoin ETP.”

Following the news of Crenshaw’s reappointment, Brian Armstrong, CEO of Coinbase, took to X to say: “She tried to block the Bitcoin ETFs, and was worse than Gensler on some issues (which I didn’t think was possible).”

A Republican-majority SEC?

The delay to Crenshaw’s renomination opens up the possibility of a three-person Republican SEC once Donald Trump enters the White House in January. Crenshaw’s term at the SEC officially ended in June; however, if she’s renominated she would be the only Democratic SEC commissioner.

The SEC can make up to five commissioners, but no more than three can form the same political party. Current SEC chair Gary Gensler, a Democrat, is stepping down on January 20, and SEC Commissioner Jaime Lizárraga, also a Democrat, will step down on January 17.

Last week, Trump nominated pro-crypto Paul Atkins, a Republican, as chair of the SEC.

Including Gensler and Lizárraga, the three remaining SEC commissioners include Republicans Hester Peirce and Mark Uyeda.


Share this article

Categories

Tags

Read More

Continue Reading

Bitcoin

Australia fines Kraken operator $5 million for non-compliance

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations. Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for…


Kraken shutting down its NFT marketplace just a year after its launch

  • Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements.
  • The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.

Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for non-compliance with Australian regulations.

The Australian federal court fined Bit Trade following a lawsuit by the Australian Securities and Investment Commission. In its order, the court said that the Kraken crypto exchange operator must comply with the country’s crypto regulations.

The court ordered that the exchange ought to pay 8 million Australian dollars as a penalty for non-compliance with the local regulations. Notably, Kraken recently announced a licensed broker offering for clients in Australia.

Bit Trade failed to comply with regulations

In August this year, the court ruled in favour of the Australian Securities and Investment Commission. The regulator had filed a case accusing Bit Trade of issuing a credit facility without following the legal proceedings.

ASIC argued that Bit Trade did not make the target market determination, a requirement to protect investors. Between October 2021 and August 2023, ASIC stated that the firm offered a margin extension to 1,100 users which cost them a loss of over $5.2 million without following the legal requirements.

The market regulator’s demand was Bit Trade to pay a fine worth 20 million Australian dollars. On their argument, Bit Trade put their limit to a maximum of four million Australian dollars. The penalty follows these proceedings, and the Kraken operator in Australia has 60 days to comply with the order.

In addition, the firm would cover for all the commissions court proceedings costs.

Kraken has faced regulatory hurdles in the US too, with the Securities and Exchange Commission (SEC), suing the exchange earlier in November 2023.

SEC’s allegations include Kraken offering of unregistered activities and operating as an unregistered broker. In August 2024, a US court denied the exchange’s motion that sought to dismiss the SEC’s lawsuit.


Share this article

Categories

Tags

Read More

Continue Reading

Bitcoin

Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin Adoption

Michael Saylor has met with Salvadoran President Bukele to discuss accelerating global bitcoin adoption as El Salvador strengthens its position, continuing to accumulate bitcoin despite IMF-driven policy adjustments. Michael Saylor Meets Nayib Bukele to Discuss Bitcoin Strategy Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), met with El Salvador’s President Nayib Bukele on Feb…
Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.