CoinFi Announces Merger, ETH Upgrade May Turn Bearish, Signuptoken.com Changes Crypto Landscape
One of the guarantees that comes with any new technology is the fact that it is always evolving. We’ve seen it throughout history, but none has come faster than the advancements in the DeFi and Fintech industry. These advances come not only from the software, but also from the decisions to expand the horizons to offer new and improved products or services.
Recently, Canadian crypto giant CoinFi announced that it is undergoing a merger with two other keystone companies, Coinsquare and Coinsmart. Ethereum plans to implement its new Shapella upgrade, which investors believe will kick off a new bull run for the blockchain giant, while Signuptoken.com aims to revolutionize the crypto buying landscape.
Canadian trio merges into Crypto Colossal
Three Canadian crypto giants WonderFi Technologies Inc., Coinsquare Ltd. and CoinSmart Financial Inc. have announced their plans to merge their businesses into what will be the largest crypto-asset trading platform in Canada.
With this merger, WonderFi will allocate approximately 269 million shares to Coinsquare shareholders and approximately 119 million shares to CoinSmart shareholders. By doing so, WonderFi shareholders will own 38% of the combined company, while Coinsquare and CoinSmart shareholders will own 43% and 19%, respectively.
In addition, CoinSmart shareholders will also be entitled to earn an additional $15 million over three years, based on the performance of CoinSmart’s Smartpay.
Under their joint custody, the combined company will have over $600 million in assets and a registered user base of over 1.65 million Canadians. In addition, the company is expected to have a total of more than 50 million dollars in cash and investments when the agreement is concluded.
Shapella can invite bears to Ethereum
Ethereum is known for its intense innovation and can be considered an evolutionary blockchain. Previously, the most important upgrade was the Ethereum Merge which transferred the blockchain from Proof-of-work to Proof-of-Stake.
Although this was a necessary step forward to reduce their impact on the environment and provide users with better experiences, users were still unable to extract the effort. The Shanghai/Shapella upgrade will be responsible for allowing users to unlock their stake rewards and these payments will be automatically sent to the addresses provided by each validator.
It is suggested that the upgrade will lead to the sale of around 1.3 million ETH which is valued at around $2.4 billion. Investors speculate that this upgrade could put downward pressure on the value of the coin if rapid withdrawals occur.
Conversely, some believe that the sale will not affect the price of Ethereum. It is suggested that 1.3 million ETH is only about 20% of the daily average trading volume and the sale of this will not affect the market. In addition, withdrawal of hedged ether will take a few days, and therefore spreads the selling pressure and will help prevent a sharp price drop.
Signuptoken.com provides worry-free registration
Pre-sales are a key part of a crypto launch and are normally incredibly expensive for anyone who is not an investor. Signuptoken.com brings an easy and more than affordable way to secure your future.
The platform has no pre-sales, instead giving users a chance to simply sign up using their email addresses. This makes the token more accessible to not only investors, but also mature and young crypto-enthusiasts and anyone looking to create generational wealth.
The platform is not affected by the fluctuations and unpredictability of the regular crypto market and as such investors can rest assured that their investments are always safe and secure. It achieves this by deriving the value from the community and the strength of the network.
The token has passed 3000 of the target of 1 million subscribers. It aims to create a platform where anyone who invests has an opportunity to acquire incredible wealth, creating a clan of one million millionaires.
The best things in life come for free. Here’s an opportunity to join Signuptoken.com’s pre-launch for free and start your journey to millions. No advance sales; nothing is paid for! Just register your email and you will be among the first to be notified when the token goes live!
Evolution is critical to the sustainability and survival of cryptocurrency and fintech businesses. Through activities such as mergers and acquisitions, upgrades and other technological advances, these industries create a secure future for themselves and their customers.
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