Ethereum’s Eco-Friendly Revamp ‘Merge’ May Go Live in August, Unless a ‘Difficulty Bomb’ Explodes

Ethereum, the popular and largely commercialised blockchain, is currently undergoing a software revamp after which, its functioning would be more energy efficient and eco-friendly. Preston Van Loon, a developer working on Ether 2.0, has said that if everything goes according to their current plans, the ‘Merge’ would be ready for launch by August this year. … Read more

Crypto Crash to Have Little Impact on US Household Wealth, Claims Goldman Sachs

Analysts at banking giant Goldman Sachs claim that even though US households account for a third of the global cryptocurrency market in terms of total investments, the recent crypto market meltdown will have very little impact on the economy. Goldman Sachs economists explain that the overall US household net worth stood at $150 trillion (roughly … Read more

Bitcoin Falls to $29,000 Territory While Ether, Altcoins Plunge Again Due to More Risk Aversion

Despite being severely pegged back by adverse macroeconomic conditions and dwindling investor interest in risk assets, Bitcoin had managed to consolidate around the $30,000 (roughly Rs. 23.5 lakh) mark over the past few weeks. However, the price of the largest cryptocurrency by market capitalisation has now slipped below the psychologically important $30,000 (roughly Rs. 23.5 … Read more

Jack Dorsey Calls BTC ‘Open Standard for Global Money Transmission’, Outlines Plans for ‘Block’

Twitter founder Jack Dorsey has reiterated his support for Bitcoin, the world’s oldest and most valued cryptocurrency, during the Investor Day celebration of his online payments firm ‘Block’ (formerly ‘Square’). Calling Bitcoin the “open standard for global money transmission”, Dorsey also predicted that BTC will soon serve as the native currency of the Internet. Dorsey’s … Read more

Axie Infinity’s Discord Bot Targetted by Hackers: Here’s What You Need to Know

Axie Infinity, a major play-to-earn (P2E) blockchain game, has posted a tweet to alert gamers of a fresh hacking attempt involving its Discord bot MEE6. The MEE6 bot is a commonly used Discord bot by several projects to automate various roles and messages. As mentioned in Axie Infinity’s tweets, the attackers took control of the … Read more

Russia Legalising Bitcoin for Payments Only a Matter of Time, Says Minister of Industry and Trade

Russia will sooner or later legalise cryptocurrency as a means of payment. The Minister of Industry and Trade of Russia, Denis Manturov, took to stage at an educational event, stating that the government and the central bank may move closer to resolving their longstanding differences regarding cryptocurrencies. The Ministry of Finance of the country had … Read more

Coinbase Creates ‘Crypto Native Think Tank’, Aims to Participate in Shaping Policies

Coinbase crypto exchange has created a think tank that will be dedicated to the research around crypto policies. The new committee will be publishing its reports on overall Web3. Coinbase’s director of policy, Hermine Wong has been roped in to oversee and act as the chief of the organisation. Wong has years of experience working … Read more