On Monday, April 11, Ethereum developers conducted the first Proof-of-Stake test on the Ethereum blockchain. This deployment was named “mainnet shadow fork” by Ethereum developer Marius van der Wijden. The shadow fork enables the team to examine hypothetical testnet and mainnet blockchain scenarios. Simply put, a shadow fork is a duplicate of the mainnet that …
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Ethereum’s latest upgrade from a proof-of-work network to a proof-of-stake blockchain passed a key test phase The process dubbed The Merge was successfully trialed on a private mainnet staging area known as a shadow fork The event is one of two test stages before the upgrade ships to the public mainnet While desired results were …
Summary: Ethereum developer Virgil Griffith will serve 63 months in federal prison for visiting North Korea without the permission of the US Government Griffith also has to pay a $100,00 fine for his role in helping North Korea to use crypto to evade sanctions He was arrested in November 2019 after giving a talk at …
Quick take: Microstrategy CEO has warned that inflation might be worse than we think and that Bitcoin is better than we know Michael Saylor’s comments come after CPI data for March showed that inflation in the US was at 8.5% 8.5% is the highest gain in annual inflation since 1981 (41 years) Bitcoin’s current inflation …
Stablecoin issuer company Circle has reached a huge capital investment agreement with the world’s largest asset management firm The deal is worth a staggering $400 million and could help to widen Circle’s offering in the digital economy USDC stablecoin issuer Circle Internet Financial secured a $400 million funding round to broaden the scope of the …
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Coinbase has revealed 50 assets that are being considered for listing. Forty five of the assets belong to Ethereum and five to Solana. Coinbase also stated that it would be more transparent when it comes to the listing process. It was also discovered that someone accumulated the assets on the list 24 hours before it …
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Report Highlights Areas Where Businesses Can Make Energy Efficiency Improvements When Building on Ethereum WAKEFIELD, Mass. – April 12, 2022 – The Enterprise Ethereum Alliance (EEA) today announced the publication of its Summary Report & Key Takeaways: EEA Workshop on Sustainability and Resource Efficiency in Public and Private Ethereum Networks, available as a document for …
Virtual asset exchange platform Robinhood has onboarded four new cryptocurrencies on Tuesday Reports say that Shiba Inu is among the tokens added Compound’s COMP, Polygon’s MATIC, and Solana’s SOL have also been added to the list of cryptos on the trading app Heavyweight equities trading and cryptocurrency exchange provider Robinhood added support for four digital …
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American rapper Snoop Dogg is launching an NFT collection in collaboration with Clay Nation and Champ De Medici The NFT collection will include Snoop Dogg’s unreleased music, collectibles, and limited edition clay Nation plots for sale. The famous American rapper and songwriter Calvin Broadus Junior, popularly known as Snoop Dogg, has launched its exclusive NFT …
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Forbes has kicked off its foray into the metaverse with its ever non fungible token collection The collection is named Virtual Billionaires NFT and will launch on April 13, 2022 Major crypto exchange FTX has been announced as a partner for the collection and will power the blockchain aspect of the project Global American-based business …
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Summary: Uniswap Labs has launched a venture unit dubbed Uniswap Lab Ventures Uniswap Lab Ventures (ULV) aims to fund projects focusing on web3 that are aligned with the company’s vision The team at ULV will also be participating in the governance of portfolio protocols beginning with Aave, Compound Finance, Maker Dao, and ENS Domains Uniswap …
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Summary: Bitfinex and Tether have set up a relief fund to help families in El Salvador affected by gang violence Both Bitfinex and Tether initially donated 25 Bitcoin to the fund Donations have grown to 36 Bitcoin, valued at roughly $1.5 million El Salvador’s President has been committed to the fight against gangs and violence …
Your help is needed to develop L2 Standards and Best Practices – Join Today As Ethereum’s popularity continues to increase, the importance of scalability grows ever more apparent. Inability to scale means frustrating network congestion and delays on advancements, which negatively impact all Ethereum users. Layer 2 Solutions such as Optimistic Rollups and ZK Rollups, …
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Digital currency exchanges in India recorded significant dips in trading volumes in April so far The news comes after the country’s controversial tax policies went into effect on Friday, April 1 Crypto proponents have surmised that transaction volumes could remain low as long as the stifling tax rules remain According to on-chain data provider Crebaco, …
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Official Twitter accounts of Indian government agencies, officials, and political offices were hacked over the weekend After infiltrating the verified accounts, the hacker attempted to scam users by posting a fake NFT airdrop related to the famous collection – Azuki Authorities have since regained control of all affected accounts An unidentified attacker tried to scam …
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