In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than 13% this week. Moreover, the project’s lido dao governance token has…
Decrypt’s Dan Roberts, Stacy Elliott, Jason Nelson, and Sander Lutz break down all the angles, from the timing to the expected market reaction to the technical elements. Source: https://decrypt.co/videos/live-events/8IBzdoUX/decryptlive-ethereum-merge-is-on-the-horizon
#DecryptLIVE: What the Ethereum Merge Means for NFTs The years-anticipated Ethereum Merge is less than a week away. Everyone is buzzing about what it will mean for the crypto market and for proof of work vs proof of stake, but what will the effect be on NFTs? Dan Roberts, Andrew Hayward, Kate Irwin and Sander Lutz break it down in…
About the author Abigail Carlson is a web3 marketing manager at ConsenSys Mesh. She previously held communications roles on a political campaign, in higher education, and for non-profits and B corps. (Disclosure: ConsenSys is one of 22 strategic investors in Decrypt.) I had a realization recently while wandering through the Musée Matisse in Nice, France, where I went to see…
Illustration by Mitchell Preffer for Decrypt Coin Center’s Peter Van Valkenburgh also dropped the bombshell that while U.S. citizens may not be able to use Tornado Cash, the government still can. Broadly speaking, markets recovered this week despite extremely volatile midweek price movements from the leading cryptocurrencies. Over on Twitter, pundits were absorbed by Ethereum Merge updates, more crypto winter…
The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon credits. Brazilian CVM Presses for Changes in Current Cryptocurrency Bill…
Decentraland and Zynga alum Thor Alexander wants to change the narrative around NFTs in the video game industry. As the executive producer of upcoming third-person multiplayer roleplay game “Big Time,” Alexander is passionate about making the title feel like a “second-generation crypto game” that goes beyond the 2D experience of a play-to-earn title like “Axie Infinity,” which fell out of…
A Google “doodle” is counting down to the Ethereum merge, a sign of recognition from the world’s most popular website. The nod comes as Ethereum’s long-awaited transition to a less energy-intensive proof of stake method of validating transactions is just a few days away: three and a half days, by Google’s count. Typing “ethereum merge” into Google’s search engine now…
Rap star Jay-Z, otherwise known as Shawn Carter, and Block CEO Jack Dorsey, recently airdropped bitcoin to members of the Bitcoin Academy in Brooklyn. Jay-Z’s mother, Gloria Carter explained in a statement that a myriad of residents from Brooklyn’s Bedford-Stuyvesant participated, and more than 350 people attended the crypto classes. Hundreds of Brooklyn Residents Attend Bitcoin Academy — Some Attendees…
In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In 2021, the global market capitalization for cryptocurrency surpassed $2 trillion. Now, investors must ask themselves: which option should I choose — crypto or gold? Gold is a commodity that dates back thousands of…
