Ethereum plans to “merger” in September: DeFi makes history from the Ethereum portal

Ethereum “Merge” Now Targeted for September; Big Day for DeFi

The long-awaited Ethereum “merge” is now targeted for September, with a big day of DEFi on tap for the weekend. 

Merging chains is the key to bringing the best of both worlds – the instant settlement benefits of a public chain, with the stability of a private chain. 

But it won’t be an easy road for the teams on both sides of the aisle: the Ethereum community is firmly against the idea, while the Maker community is publicly undecided. 

The first step will be to “unify” the Chainpoint and PoA chains, which is already underway.

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Ethereum’s long-awaited “merge” with its rival stablecoin platform MakerDAO is now targeted for September, with the first day of a big day for decentralized finance. 

Ethereum Merger Update, a blog post on the MakerDAO website, marks the announcement of a “near-term” implementation date of September 12 for the so-called “Ethereum Universal Merger,” or UMN. 

The move sets the stage for the two platforms to operate as a single ecosystem, with the aim of expanding the use of digital assets beyond the traditional financial sector. 

The announcement comes just days after Ethereum announced it had reached a “significant milestone” in its long-running plan to

Ethereum’s long-awaited “merge” with “distributed ledger” (or “deFi”) platform “stable coin” MakerDAO is now targeted for September, according to a new report. 

In the weeks since the MakerDAO announcement, Ethereum has been engulfed in a whirlwind of drama, with key developers and projects making edgy public statements that saw their stock price soar or dive. 

Today’s announcement appears to be the next step in that evolution. 

Background: MakerDAO is a relatively small DAO (decentralized autonomous organization) that has focused on the creation of “stable coins.”

Ethereum’s “merge” is now targeted for September after a big day for the emerging debt tokens market — which saw a number of announcements from major firms. 

One of the most notable developments came from Coinbase, which is now offering Ethereum-based “collateralized debt” (DeFi) products. 

The company is partnering with a startup called Origin Protocol to offer a product called “Origin Credit,” which will allow users to obtain access to a portion of their cryptocurrency holdings via a credit card. 

Users will be able to access their funds through a Visa debit card, and the platform will use its “debt token” Origin Platform to issue a portion of the users’ credit line.

With market excitement around the possibility of a major blockchain event this week, the word is that a major headline may be on the way – but not the one many expect. 

Ethereum’s so-called “merge” is reportedly targeted for September, and a big day for decentralized finance is expected. 

 The news comes as Bitcoin regains lost ground in the wake of a week of relative calm in the market. 

The flagship cryptocurrency is down just over 2% on the day at $6,972, according to

ETH sets Sept. 19 target date for the big upgrade, and DeFi cryptos top the biggest gainers list

In the run-up to the long-awaited Ethereum (ETH) hard-fork, the project’s developers are putting a tight schedule in place for the event. 

Set for September 19, the upgrade will mark the first step toward the long-awaited transition to a new blockchain. 

The change is expected to increase the speed, security, and scalability of the Ethereum network, which has become the largest public blockchain in the world by market capitalization.

The Ethereum blockchain is gearing up for the biggest upgrade in its history, which is expected to come Sept. 19. 

That sets the stage for a big jump in the price of the platform’s native digital currency, ether. 

The biggest gainers on Friday were the digital currencies that are used to make payments and secure data on the internet, also known as “decentralized applications.” 

DeFi cryptocurrencies were the biggest gainers.

The Ethereum network is set to undergo its biggest upgrade in years, with a target date of Thursday, September 19. 

The upgrade is dubbed Constantinople, and is expected to increase the network’s efficiency and security. 

It comes at a critical time for the network, which is experiencing strain due to a surge in the popularity of decentralized applications, known as DeFi. 

The upgrades are likely to fuel further demand for DEXs, which are similar to stock exchanges but use smart contracts to facilitate trades.

The largest cryptocurrency in the world, Ethereum, is set to release a major upgrade to its platform on September 19. 

The new system, dubbed Metropolis, will introduce improvements to the main Ethereum blockchain, including faster transaction times, improved scaling, and support for decentralized app (dApp) development. 

The announcement comes just days after the second biggest cryptocurrency, EOS, announced that it would delay the launch of its mainnet for a second time. 

Both Ethereum and EOS are seeing major gains today as investors look for safe-havens from the latest cryptocurrency bear market.

The Ethereum network will undergo its largest upgrade in years on Sept. 19, and investors are watching closely for signs of how the upgrade will affect the price of ETH. 

So far, there’s been no clear indicator of how the upgrade will affect prices, but DeFi cryptos are among the biggest gainers. 

The biggest DeFi crypto gainer is Show Your Numbers, which is up 17% over the past 24 hours. 

Other DeFi cryptos making notable gains include MakerDAO and Dharma.

News on the Ethereum “Merge”

The Ethereum network reached a key milestone today, with the successful “merge” of the long-running hard fork chain with the original chain. 

The merge was originally scheduled for November 17th, but was postponed when bugs were found in the “SuperVault” contract. 

The bugs have now been fixed, and the merge took place at 5:42 PM UTC, or 2:42PM EST. The chain has been named “Ethereum Stash”.

Over the past week, there have been many news stories about Ethereum. 

Much of the news has been positive, but there have also been some negative stories. 

One of the most notable negative stories was the “merge” of Ethereum into a new project called Ethereum Classic. 

This article will provide a quick background on the “merge” and some of the controversy surrounding it.

The Ethereum network is in crisis again

This time around, it’s because of the “Merge” — a proposal to change the way the network shares transactions and other data between blockchains. 

The proposal was originally meant to be a technical upgrade to fix a bug in the current system, but it has since ballooned into a much larger debate about the future of Ethereum. 

This has led to a range of responses from the community, including some prominent members of the Ethereum Foundation calling for a hard fork.

Yesterday, Ethereum’s development team released a new version of the Ethereum client, commonly referred to as “Ethereum,” that included a controversial hard fork to address a vulnerability in the original protocol. 

The hard fork, which is referred to as “the Merge” by the community, went into effect early this morning and has resulted in two separate branches of the Ethereum blockchain. 

The hard fork has sparked a lot of debate and discussion within the community, with some calling it a disaster and others praising it for improving the network. 

I believe that the hard fork was a necessary step for the long-term health of Ethereum, but it is too early to tell how the network will evolve after the hard fork.

Back in March, I wrote about the possibility of Ethereum hard forking to rescue the DAO. 

The DAO was hard-forked in a failed rescue attempt that cost investors billions of dollars. 

Since then, Ethereum has mostly recovered and is now looking to scale, with the hard fork expected in early August. 

But the hard fork is not a done deal.

Major DeFis Surge After Celsius Repays Them $500 Million

The maximum amount of Celsius repayed was $500 million, a sign the PPP recipients had been well-served in their investments.

“Celsius has been a valuable partner in resolving this challenge, and we are grateful for their continued support,” wrote Richard J. 

Powell, Celsius’ co-founder and CEO in a statement. 

“The repayment of a $500 million debt is a major victory both for Celsius and our community, and we are grateful for their continued support as we focus our energies on building a healthy company. 

We couldn’t be more excited about what this means for our ability to continue to support our students, as well as build a better environment for our teachers and our schools community.

Celsius' repayment of a $500 million dollar loan from development finance institution (DFI) to Peru on Friday brought new hope to the Lima Stock Exchange and to the country’s economy. 

At the start of trading in the LSE, the benchmark Lima stock index jumped more than 15% after the exchange announced that the Peruvian government had received approval to repay the loan. 

The LSE’s trading was halted for two and a half hours after trading began in response to the coronavirus pandemic, which has shut down much of the world’s economy. In a

After clearing up a potential conflict of interest with a loan from one of his major shareholders, country’s main mining tycoon, billionaire William Koch, was able to return $500 million to the company after just four months of repayment. 

The billionaire’s daughter, Sarah, said that her father was able to pay back all of the money, but “wouldn’t have been able to do it without the support and understanding of the norilla board, Peter O’Neill and the shareholders.”

CELSIUS CORPORATION CELLAR, ROCHESTER, NEW YORK, USA, has paid off a $500 million short-term debt with a "secured" letter of credit, which improves the creditworthiness of the group and enhances its ability to access capital markets. 

This was announced by the chief executive officer, CHRISTOPHER W. R. KIMBERLIN, and the chief financial officer, BILL GARFIELD, in a press release today. 

CELSIUS CORPORATION is a provider of technology-based financial services to consumers and businesses.

Aave Intends To Launch Its Own Stablecoin

Aave should act as a transparent, traceable, and secure digital wallet for their system, where users store their Aave coins without the need of third-party storage.

“We are launching our own digital coin that we intend to launch next year,” Aave CEO Marten Harms told CoinDesk. 

“It will be the first project based on our own blockchain and it will be fully collateralized.”

Aave announced its intentions to launch its own digital currency, called Aave Coins, on Thursday. 

Aave promises that the coins — which it will not initially sell — will be backed by a large basket of cryptoassets, including bitcoin and ether, and be tradeable on its own exchange.

Aave (AVE) will launch Aave Coin, the first digital coin to be issued as a stablecoin and backed by funds in a Swiss-based, fully regulated trust company, on August 1, 2020.

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