The Goerli testnet merge, Ethereum (ETH)’s third and final testnet merge before the blockchain transitions to proof-of-stake (PoS) from its current proof-of-work (PoW) mechanism, has ostensibly been successful. The merge was executed today at around 1:45 UTC. The testnet merge saw the Goerli testnet merge with the Prater testnet, a PoS beacon chain, and represents…
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A slew of Ether’s technical and fundamental indicators support a push toward $2,500 by September. Ethereum’s native asset Ether (ETH) has more than doubled in value since bottoming out at around $885 in June 2022. Now, it eyes a decisive move toward $2,500 in August per a slew of technical and fundamental indicators. Ethereum chain…
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With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merge set for mid-September. After Ropsten and Sepolia, Goerli was the last remaining testnet scheduled to undergo the Merge, officially becoming a proof-of-stake (PoS) blockchain as of 1:45 am UTC, Aug. 11. The Goerli testnet…
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When the 21-year-old Quai Network marketing associate was asked to present a crypto class to residents of an assisted living community, he was more than happy to oblige. When assisted senior living home The Preston of the Park Cities approached Owen Robertson to hold a course on crypto, nonfungible tokens (NFTs) and the Metaverse for…
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It comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March. The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022. The Polygon team shared the figures via a Wednesday blog post, which was…
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Copycats used the same code as the original hackers but modified the target token, token amount and recipient addresses. Close to 90% of addresses taking part in the $186 million Nomad Bridge hack last week have been identified as “copycats,” making off with a total of $88 million worth of tokens on Aug. 1, a…
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On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy, announced the company has raised $4.3 million in a funding round led by Polychain Capital. Vespene aims to use the funds for its pilot in California by using landfill methane to mine bitcoin and “mitigate a major source of greenhouse…
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Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust consumer protection and financial stability regulatory frameworks,” they added. Bank of England’s Analysts on the Metaverse, Crypto, and Regulation Bank of England’s economist Owen Lock and policy analyst…
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President Joe Biden stated Wednesday that the U.S. economy had zero percent inflation in July following the latest CPI report. “Biden is claiming that we saw zero percent inflation last month. But there’s a zero percent chance that’s the case. Inflation in July was 8.5%, which is still a 40-year high,” said a lawmaker. Biden’s…
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PRESS RELEASE. ReadON (readon.me), a company that aims to provide users with a brand-new content consumption experience by utilizing blockchain, completed its seed investment round of $2M led by SevenX Ventures. Other investors included HashKey Capital, Foresight Ventures, Sky9 Capital, ArkStream Capital, Puzzle Ventures, CyberConnect, M23 Fund, Smrti Lab and individual investors. The seed funding…
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