#shanghai
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Will Shapella Upgrade Affect Ethereum Price?
On April 12th, the Ethereum network underwent an update called Shapella (Shanghai + Capella), which proceeded quite smoothly. As a result of the update, validators were able to withdraw their staked coins for the first time, leading to concerns within the community about how this could impact the price of the main altcoin. 
The Reason Behind the Shanghai Hard Fork in the Ethereum Network
If the event isn't postponed again, the Ethereum blockchain will undergo the Shanghai hard fork on April 12. This is a significant technical upgrade at the smart contract execution level that will change the conditions of work for validators and developers. Sepolia testnet goes to the next level with successful upgrade
The Ethereum network has carried out an imitation of the upcoming Shanghai hard fork, which is scheduled to take place in March. Validators are eagerly waiting for this fork, as it will allow them to withdraw their stETH coins from staking. 
Quantum Computer Broke Encryption for the First Time
A research team from Shanghai University executed the first successful quantum attack on encryption algorithms. In the paper “D-Wave Advantage,” the team wrote they could crack classic encryption algorithms using a computer from Canada’s D-Wave Systems.Restaking: A Strategy to Boost Capital Efficiency
April 2023 marked a pivotal update in the Ethereum blockchain with Shapella (Shanghai + Capella), enabling the withdrawal of ETH from staking. This innovation gave rise to restaking, a method that allows locked ETH to be utilized both within the Ethereum main network and across various protocols. 
Hong Kong HSBC Customers Gain Access to Crypto ETFs
HSBC Hong Kong, a part of the Hong Kong and Shanghai Banking Corporation, has launched its first cryptocurrency services. The bank is now allowing its customers to buy and sell exchange-traded funds (ETFs) based on Bitcoin and Ethereum, according to a report by local journalist Colin Wu on June 26. 
Shanghai Fork will usher in a new era of staking for Coinbase
Ethereum supporters are looking forward to the upcoming crypto spring. Another network update, dubbed Shanghai Fork, is scheduled for March. Shanghai Fork will allow users to access the funds locked into the Ethereum Beacon Chain. Depositors will be able to participate in validating transactions and earn newly-created Ethereum.
J.P. Morgan believes Shanghai Fork will be a pleasant surprise for Coinbase as well. It estimates that up to 95% of retail investors of this crypto exchange will be able to participate in Ethereum staking after the update. The matter is that Coinbase may get additional revenue of about $225-$545 million per year. 1 - 16 of 16 results