The Linux Foundation today announced plans to form the OpenWallet Foundation (OWF), described as “a new collaborative effort to develop open source software to support interoperability for a wide range of wallet use cases.” The initiative has already earned support from several technology companies, including Accenture, Avast, and the Open Identity Exchange, as well as standardization organizations and representatives of…
Russia may begin accepting bitcoin and some cryptocurrencies as payment for international trade in 2023, per a report from local media company Izvestia. The announcement of a timeline for the usage of the alternative payment method for cross-border payments comes a week after the Russian Central Bank and Ministry of Finance agreed the move would be necessary. Ivan Chebeskov, director…
Digital asset custodian BitGo has filed a lawsuit against Mike Novogratz’s cryptocurrency investment firm Galaxy Digital for terminating the former’s acquisition. BitGo took to Twitter on Tuesday to disclose details of its lawsuit against Galaxy after the latter terminated the $1.2 billion acquisition deal with BitGo in mid-August. Filed on Monday, the lawsuit seeks more than $100 million in damages,…
While The Merge is expected to take place in less than two days, the Ethereum proof-of-work (PoW) fork is scheduled to go live 24 hours after the transition, according to ETHW developers. On August 8, 2022, ETHW exchanged hands for $141 per unit and today the crypto asset is down 73% lower in USD value. ETHW Mainnet to Launch 24…
There’s a version of the future that’s tantalizingly possible in which Ethereum becomes the base layer for pretty much everything. Recent advances in a technology called zero-knowledge Rollups — from StarkWare, Polygon and zkSync — enable the blockchain to move from fewer than 20 transactions per second to… well, an infinite number of TPS. In theory, it would allow the…
There’s a version of the future that’s tantalizingly possible in which Ethereum becomes the base layer for pretty much everything. Recent advances in a technology called zero-knowledge Rollups — from StarkWare, Polygon and zkSync — enable the blockchain to move from fewer than 20 transactions per second to… well, an infinite number of TPS. In theory, it would allow the…
Popular NFT project Doodles has announced a $54 million fundraise led by Alexis Ohanian’s venture capital firm 776, with additional participation from Acrew Capital, FTX Ventures, and 10T Holdings. Since minting in October 2021, the 10K NFT collection has become known for its bright-colored, pastel-toned characters ranging from humans and flame-heads to skeletons. Having already penned a deal during this…
Inflation fell to 8.3%, marking the second consecutive month of falling CPI reports. Every sector witnessed increased MoM inflation, except the energy sector which tilted the report.Bitcoin plunged below the $22,000 support level following the CPI release, along with stocks and gold; the dollar edged higher. Inflation fell to 8.3% from a year-over-year (YoY) perspective marking the second consecutive month…
At the height of the 2022 bull market, the Terra ecosystem was booming with talent and innovation. The native token of the Terra blockchain had made its way to the top-10 cryptocurrencies by total market capitalization. Protocols were building the next iteration of a super cycle that seemed like it would never end. Terraform Labs created Terra amid the crypto…
The leading cryptocurrencies in Bitcoin and Ethereum shed several points on Tuesday morning following the latest Consumer Price Index (CPI) print. Shortly after the CPI numbers were released, both Bitcoin and Ethereum dropped hefty gains earned over the week. Bitcoin, the largest cryptocurrency by market capitalization, is now trading hands at around $21,450 after having fallen by over 5% in…
