The wait is over: Ethereum Foundation confirms “The Merge” dates

Markets

Ethereum will complete the transition from a proof-of-work to a proof-of-stake consensus mechanism by September 20. Here is what to anticipate — lower carbon footprint since POS validation requires 99.95% less energy and reduced ether supply with 90% slower issuance. The Merge might also help Ethereum solve its scalability issues in the future!

03 February

Policy

4 days ago

South Korea plans to launch a crypto-tracking system in #2023. The “Virtual Currency Tracking System” to counter money laundering and recover funds that are linked to criminal activities.

Business

4 days ago

Amazon seems to be in the process of launching a digital assets enterprise. An #NFT initiative is expected to deploy in the spring.

01 February

Business

6 days ago

Credit rating firm Moody's is developing a scoring system for stablecoins, according to a Bloomberg report. The system will evaluate the quality of the attestations of stablecoin reserves, although it will not be considered an official credit rating.

Policy

6 days ago

The White House posted a roadmap, detailing plans to address potential cryptocurrency-related risks and calling on authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts.” The blog post starts with Terra’s algorithmic stablecoin implosion and FTX collapse – both failures in the crypto sector caused major losses to users.

27 January

Policy

11 days ago

National Australia Bank (NAB) is planning to launch AUDN, a fully backed stablecoin, on the #Ethereum network and Algorand blockchain. The coin will be mainly used as a settlement token between multiple transacting parties.

26 January

Tech

12 days ago

A Hong Kong-based blockchain company Red Date Technology has deployed the Universal Digital Payment Network (UDPN). a payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs).

24 January

Markets

14 days ago

Bitcoin breached the $23,000 threshold for the first time since early August, before dipping late Sunday. Ethereum, too, was up over the weekend, trading at $1,640. Overall, both crypto and traditional markets are looking optimistically at the evidence of waning inflation and an unlikely steep recession.

20 January

Markets

18 days ago

Ethereum has turned deflationary, with around 30 coins burned after the Merge and the network’s transition to Proof-of-Stake.

18 January

Business

20 days ago

According to Tether’s Twitter, the USDT processed about $18.2 trillion in transactions in 2022, ranking ahead of either Mastercard or Visa in settlement volume.

17 January

Markets

21 days ago

The first and largest crypto has surged well above $21,000 as the market hopes for the end of the punishing interest-rate hikes. BTC’s 14-day relative strength index has scaled 90, suggesting that the token’s jump is becoming stretched.

The wait is over: Ethereum Foundation confirms “The Merge” dates

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