Blockchain

The blockchain plans to switch to a proof-of-stake (PoS) mechanism, an event known as the Merge, next month in a move developers say will make it cheaper, faster and more environmentally friendly. The change from a proof-of-work (PoW) system will end an income stream for Ethereum miners, who are rewarded with ether (ETH) tokens for their efforts. Miners produced $620 million in ether in July alone, data shows. Tron founder Justin Sun has emerged as one of the most prominent investors supporting a hard fork to keep the money flowing.
Ethereum to move to “cheaper, faster and more environmentally friendly” system Sep 15

The blockchain plans to switch to a proof-of-stake (PoS) mechanism, an event known as the…

TORN, the token of Tornado Cash, plummeted as much as 24% after a developer for the crypto transaction mixing protocol was arrested in Amsterdam on Friday. 
TORN cryptocurrency almost loses 25% of value after developer arrest

TORN, the token of Tornado Cash, plummeted as much as 24% after a developer for…

The $10 million investment pledge from GEM Digital will be used by Dubai-based metaverse company Everdome to grow its operations and create a long-term commercial strategy. According to the company's announcement on Tuesday, the cash would be provided through a structured token subscription agreement, with Everdome controlling the time and volume of drawdowns under the facility.
Dubai-based Metaverse ‘Everdome’ secures $10m funding pledge

The $10 million investment pledge from GEM Digital will be used by Dubai-based metaverse company…

In anticipation of a revolutionary blockchain software upgrade, ether is rising. Intelligent traders are setting up for the rise to last until that occurs and then for the cryptocurrency to fall after that.
Ethereum expected to hit $2,200 as of September

In anticipation of a revolutionary blockchain software upgrade, ether is rising. Intelligent traders are setting…

Social media giant Meta has started to roll out non-fungible tokens (NFT) across 100 countries after integrating with Coinbase (COIN) Wallet and Dapper. Meta's founder and CEO, Mark Zuckerberg, confirmed the rollout in a post on Facebook.
Meta is expanding NFT integration on Instagram across 100 countries

Social media giant Meta has started to roll out non-fungible tokens (NFT) across 100 countries…

“We see an opportunity to turn Dubai and the UAE into a regional hub for digital assets," Gaurang Desai, chairman of D2A2, said.
Dubai Chamber forms Dubai Digital Assets Business Group (D2A2)

The Dubai Chamber of Digital Economy stated in a statement on Sunday that the new…

The world's largest asset management, BlackRock, has joined with cryptocurrency exchange Coinbase to provide institutional investors with access to bitcoin, demonstrating its growing optimism over digital assets.
BlackRock teams up with Coinbase in crypto expansion

The world’s largest asset management, BlackRock, has joined with cryptocurrency exchange Coinbase to provide institutional…

A $190 million hack that once again exposed security flaws in the digital-token industry has cryptocurrency business Nomad offering a bounty to recover stolen assets.
Crypto platform Nomad offers 10% bounty after $190m hack

A $190 million hack that once again exposed security flaws in the digital-token industry has…

He added workers, called "Robinhoodies" in the California-based company, would be able to stay in position until 1 October, be offered a severance package and given help in searching for another job.
Robinhood cuts approx. 25% of staff following crypto crashes

The company said the economic climate had reduced trading activity, which had boomed at the…

Following the attack on the bridge protocol Nomad at the beginning of the week, hackers hacked the Solana ecosystem early on Wednesday, affecting hundreds of wallets. Estimates of the damage vary. Just over $5.2 million in cryptoassets have been stolen so far from more than 7,900 Solana wallets, according to blockchain forensics firm Elliptic. Security company PeckShield said four Solana wallet addresses drained approximately $8 million from victims.
Cyber attacks continue on crypto as Solana Wallets get hacked

Following the attack on the bridge protocol Nomad at the beginning of the week, hackers…