Ethereum Foundation Gets Rid Of “Eth 2” Terminology In Rebrand – January 26

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$38,238

Bitcoin price has continued to recover over the last day of trading, breaking back into the $38,000 range.

Top-20 altcoins are also continuing their bounce from recent lows, as Ethereum gains 7%, BNB rises 6% and Polygon charges ahead 16%.

Top Stories for January 26, 2022 🔥

👉 Ethereum Foundation Gets Rid Of “Eth 2” Terminology In Rebrand

The Ethereum Foundation has gotten rid of all “Eth 1” and “Eth 2” terminology in a rebrand, opting instead for the terms “execution layer” and “consensus layer”.

The new terminology is designed to bring more clarity to the way the Ethereum network’s proof-of-stake upgrade will function, as well as prevent less-savvy users from being scammed with “ETH2” tokens.

👉 FTX.US Valued At $8 Billion Following First Funding Round

FTX.US has successfully raised $400 million in its first funding round, giving it a valuation of $8 billion. SoftBank, Temasek, Paradigm and other big names participated in the round.

Comparatively, the main FTX platform achieved a $25 billion valuation late last year and may reach $30 billion after its current funding round.

👉 Binance To Resume SEPA Payments With New Partnership 

Binance is set to resume Single Euro Payments Area (SEPA) bank deposits, following the establishment of a new partnership with Paysafe – a London-based firm.

Customers on the exchange have not been able to make SEPA deposits for several months, since Binance halted them in July of last year. The rollout process will kick-off in Belgium and Bulgaria.