Morgan Stanley says changing to Proof of Stake might not solve Ethereum's scaling problems. An equity strategist for Morgan Stanley claims Ethereum beacon-mainnet merge will cause demand for graphics processors to plummet in the coming months. The Ethereum platform has been undergoing a parade of testnets preparing for its merge with Beacon Chain. This merge is a move to facilitate the blockchain's transition from operating a Proof of Work model, to Proof of Stake. The PoW consensus model understandably…
Shrimpy – a cryptocurrency market portal and portfolio manager – has announced the upcoming launch of its crypto industry advisory desk.
This month, Shrimpy was recognized by the Securities and Exchange Commission (SEC) as a registered investment advisor.
- With this, the company has launched an actively managed portfolio service. The team will invest in cryptocurrencies on its customer’s behalf, promising “low volatility” and “no rug pulls”.
- This service will be handled by humans, as opposed to Shrimpy’s automated investment options. Some of these options include imitating existing crypto funds, like Coinbase Venture and Binance Labs.
- The advisory desk, it will customize investment strategies based on the financial goals of its customer.
- The crypto market is currently experiencing extreme volatility, making more stable investment options attractive. Bitcoin recorded its eighth consecutive red weekly candle – a historical first – on Monday.
Meanwhile, the Terra ecosystem has fallen apart, with TerraUSD (UST) losing its peg, and LUNA’s price collapsing to zero.