{"id":15311,"date":"2022-12-09T16:19:21","date_gmt":"2022-12-09T16:19:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/gnosis-becomes-the-second-blockchain-to-complete-the-merge\/"},"modified":"2022-12-09T16:19:21","modified_gmt":"2022-12-09T16:19:21","slug":"gnosis-becomes-the-second-blockchain-to-complete-the-merge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/gnosis-becomes-the-second-blockchain-to-complete-the-merge\/","title":{"rendered":"Gnosis becomes the second blockchain to complete The Merge"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670599971894-1afff445-467a-4773-bde4-dcce26fee47e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670599971894-1afff445-467a-4773-bde4-dcce26fee47e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670599971894-1afff445-467a-4773-bde4-dcce26fee47e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670599971894-1afff445-467a-4773-bde4-dcce26fee47e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Gnosis blockchain completes The Merge and migrates to a proof of stake protocol.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Coinbase expects 2022\u2019s revenue to decline by 50% or more from 2021.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">PayPal begins crypto operations in Luxembourg.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><strong>Gnosis blockchain completes The Merge<\/strong><\/h2>\n<p dir=\"ltr\">First Ethereum, now Gnosis. Gnosis announced earlier this week that it has\u00a0<a href=\"https:\/\/coinjournal.net\/news\/the-gnosis-merge-schedules-for-today-as-the-blockchain-migrates-to-proof-of-stake\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>migrated to a Proof of Stake<\/u><\/a> (PoS) protocol from its previous Proof of Authority (PoA), completing The Merge.\u00a0<\/p>\n<p dir=\"ltr\">The migration had seen the number of validators on the Gnosis blockchain increase to over 100k from the previous 20 it had when it maintained its PoA protocol. The migration is expected to boost decentralisation and security of the Gnosis blockchain.<\/p>\n<h2 dir=\"ltr\"><strong>Coinbase expects 2022 revenue to decline by 50% or more<\/strong><\/h2>\n<p dir=\"ltr\">Brian Armstrong, the CEO of Coinbase, revealed earlier this week that the cryptocurrency exchange is expecting its 2022 revenue to\u00a0<a href=\"https:\/\/coinjournal.net\/news\/coinbase-fy2022-revenue-to-be-less-than-half-of-fy2021-revenue-says-brian-armstrong\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>decline by 50% or more<\/u><\/a> from what it generated last year.<\/p>\n<p dir=\"ltr\">According to the CEO, the bear market has affected its operations, with most coins down by 70% from their all-time highs. The recent events, including the FTX collapse, have also affected the confidence in the market. However, Armstrong said he would continue to advocate for the crypto industry in Washington DC.<\/p>\n<p dir=\"ltr\">Coinbase also\u00a0<a href=\"https:\/\/coinjournal.net\/news\/coinbase-asks-users-to-switch-usdt-for-the-reputable-usdc\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>asked its users<\/u><\/a> to switch USDT stablecoins for the more \u2018reputable\u2019 USDC. USDC is issued by Circle, the company co-founded by Coinbase. The crypto exchange said USDC is more truCelsius ordered to return crypto worth $44M to customerssted and reliable, and its users should start using the stablecoin ahead of the USDT issued by Tether.<\/p>\n<p dir=\"ltr\">Earlier this week, Circle, the issuer of USDC, officially announced that it had\u00a0<a href=\"https:\/\/coinjournal.net\/news\/circle-plan-to-go-public-is-cancelled-what-does-it-mean-for-stablecoin-market\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>cancelled plans to go public<\/u><\/a>. The company was expected to go public with a $9 billion valuation, but recent market events forced it to cancel its plans.<\/p>\n<h2 dir=\"ltr\"><strong>Celsius ordered to return crypto worth $44M to customers<\/strong><\/h2>\n<p dir=\"ltr\">Cryptocurrency lending firm Celsius has been\u00a0<a href=\"https:\/\/coinjournal.net\/news\/crypto-lender-celsius-ordered-to-return-crypto-worth-44m-to-customers\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>ordered to return<\/u><\/a>\u00a0$44 million worth of cryptocurrencies to its customers. United States Bankruptcy Judge Martin Glenn said he wants creditors to recover as much as they possibly can as soon as they possibly can.<\/p>\n<p dir=\"ltr\">Celsius owes billions to its creditors, and the $44 million approved applies to pure custody assets. These are assets that haven\u2019t been used in the Celsius Earn accounts but were present in the custody program.<\/p>\n<h2 dir=\"ltr\"><strong>PayPal begins crypto operations in Luxembourg<\/strong><\/h2>\n<p dir=\"ltr\">Payment platform PayPal revealed earlier this week that it is\u00a0<a href=\"https:\/\/coinjournal.net\/news\/paypal-expands-cryptocurrencies-operations-to-luxembourg\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>expanding its cryptocurrency operations<\/u><\/a> to capture Luxembourg. The company said its crypto services would soon be available in the European country, allowing citizens to buy, sell, and hold various crypto assets.\u00a0<\/p>\n<p dir=\"ltr\">PayPal added that it is currently working with Luxembourg\u2019s regulators and policymakers to create a policy that is excellent for the investors, PayPal, and the country.<\/p>\n<h2 dir=\"ltr\"><strong>Ethereum\u2019s Shanghai hard fork to take place in March 2023<\/strong><\/h2>\n<p dir=\"ltr\">\u00c9thereum core developers have set March 2023 as the date for the network\u2019s Shanghai hard fork. The hard fork is a crucial one for the Ethereum community as it would allow users to withdraw their staked Ether tokens on the network.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/this-week-in-crypto-gnosis-becomes-the-second-blockchain-to-complete-the-merge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Gnosis blockchain completes The Merge and migrates to a proof of stake protocol. Coinbase expects 2022\u2019s revenue to decline by 50% or more from 2021. PayPal begins crypto operations in Luxembourg. Gnosis blockchain completes The Merge First Ethereum, now Gnosis. Gnosis announced earlier [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":15312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15311"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=15311"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/15312"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=15311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=15311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=15311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}