Ethereum Activates London Hard-Fork, Including EIP-1559 – August 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $40,915

Bitcoin price has shot back up above the $40,000 mark over the last day of trading, with price currently sitting just under $41,000 to begin the day.

Top-20 altcoins have performed very well, as Ethereum rises 7%, XRP gains 3% and Uniswap leads with an 11% gain.

Top Stories for August 6, 2021 πŸ”₯

πŸ‘‰ Ethereum Activates London Hard-Fork, Including EIP-1559

The much-anticipated London hard-fork was activated on the Ethereum network yesterday, which includes the implementation of the popular EIP-1559 proposal.

EIP-1559 replaces the previous “fee auction” mechanism for transactions in a block with a more uniform gas price determined algorithmically by the network’s demand.

Four other Ethereum Improvement Proposals were also included in the upgrade.

πŸ‘‰ Competing Amendment Proposed For Controversial Bill

Senators Mark Warner and Rob Portman have submitted an amendment proposal for the controversial Infrastructure bill, which directly competes with the existing amendment proposed yesterday.

The crypto community has disapproved of the new competing amendment, which does not explicitly protect any parties except for Proof-of-Work miners.

πŸ‘‰ Binance To Shut Down Derivatives Trading For Hong Kong

Hong Kong has become the latest country to have derivatives trading services axed by Binance, restricting any new users from opening derivatives accounts.

At a date yet to be announced, traders will be given a further 90 days to close any open positions, and no new positions will be permitted to be opened.