Ethereum developers have reached another milestone on their way to the long-awaited ETH 2.0 network upgrade—the Ropsten public testnet will undergo an upgrade to proof-of-stake consensus on June 8. The configuration code for upgrading the testnet appeared in a pull request from Ethereum DevOps engineer Parathi Jayanathi in the eth-clients GitHub repository on Monday. Last month, the developers working on…
Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday. “We believe Bitcoin is going to have a profound impact on financial services, particularly as a tool for economic empowerment and as a global currency for…
Pizza Day is a day of regret. We all know the story. Laszlo Hanyecz buys two Papa John’s pizzas and some lucky guy got 10,000 BTC on this day 12 years ago. The story is like that of Peter Minuit buying Manhattan Island for $24. We can hardly believe that such a thing was possible given its value today. The…
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year. In written testimony for a Wednesday hearing of the U.S. House Committee on Appropriations, Gensler said he supported President Joe Biden’s request to budget more than $2.1 billion for the SEC in…
Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC)…
What is the yield curve?What does it mean when it’s inverted?What is yield curve control (YCC)?And how does the eurodollar fit into all this? Inspirational Tweet: Link to tweet thread. As Lyn Alden explains in this thread: “…the 10-2 curve is saying, ‘we’re probably getting close to a possible recession, but not confirmed, and probably many months away…’” Let’s break…
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centric tattoo on his arm. Despite the recent events and losses, the crypto economy felt this past week, Novogratz stressed that…
In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world. Amidst the ongoing market volatility and falling crypto prices, sports fans have cause to rejoice as multiple…
As UST and LUNA founder Do Kwon struggles to resolve his currencies’ sudden fall from grace, which shocked crypto markets last week, the Terra community has weighed in on Kwon’s new hard fork proposal—and reviews are mixed. The proposal for the Terra blockchain outlines plans for a hard fork—meaning it’s split off from the original chain, with the new chain…
Social media giant Facebook’s parent company, Meta, may be planning to launch a payments platform with support for cryptocurrency. According to records submitted to the United States Patent and Trademark Office, or USPTO, on May 13, Meta filed five applications for its namesake to be used in a platform called Meta Pay. The filings included Meta’s name for use in…
