Ethereum core developers kicked off the network’s long-awaited merge early Tuesday morning by initiating one last major upgrade before the big switch: Bellatrix. But some early technical hiccups have some questioning the network’s preparedness for the update. The merge, an upgrade which combines the Ethereum beacon chain with its mainnet, is set to transition the network from an energy-intensive proof-of-work…
The number of U.S. trademarks filed related to cryptocurrencies, nonfungible tokens, Web3, and the metaverse since January have reportedly passed those in 2021. According to data compiled by intellectual property lawyer Mike Kondoudis on Tuesday, individuals and businesses filed more than 3,600 trademark applications with the United States Patent and Trademark Office for cryptocurrencies and crypto-related services as of Aug.…
Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister. In a Tuesday announcement, Truss’ office named Kwarteng as the next U.K. finance minister, replacing Nadhim Zahawi, who served as chancellor of the exchequer for three months following Rishi Sunak’s…
For the first time since U.S. Independence Day, Bitcoin has fallen below $19,000. The biggest cryptocurrency by market cap was trading for $18,841 at the time of writing, according to CoinMarketCap. The last time the asset dipped below $19,000 was on July 4, when it hit $18,600. Prior to that, Bitcoin hit $18,900 in November 2020 as part of its…
An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and it marks a 24% correction from the rally to $25,000 on…
While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.” Hive’s Technical Team Researches Other GPU Mineable Coins On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s August production report which talks…
According to a new United States Patent and Trademark Office publication on Tuesday, Swiss-based blockchain startup PraSaga has been awarded a patent placing its operating system, dubbed “SagaOS,” on the blockchain. Titled “Systemic Extensible Blockchain Object Model Comprising A First-class Object Model And A Distributed Ledger Technology,” the methods described U.S. patent no. 11436039B2 relates to processing multiple message passing…
Russia is advancing its crypto strategy to circumvent Western sanctions. Deputy Finance Minister Alexey Moiseyev today said the country is exploring stablecoins to make payments with “friendly countries,” according to Russian state news agency Tass. The country’s biggest news agency quoted Moiseyev saying that Russia is working to “create bilateral platforms” with “tokenized instruments” to avoid using U.S. dollars and…
The legal team for Alexander Vinnik, a Russian national recently extradited to the United States for his alleged role at defunct crypto exchange BTC-e, has reportedly been urging officials to consider a prisoner swap. According to a Monday report from Reuters, a lawyer representing Vinnik called on Russian foreign minister Sergey Lavrov to conduct negotiations with U.S. officials to bring the…
First were the lending platforms. Then the exchanges. Could mining pools be the next to go insolvent? That’s what has Bitcoiners concerned after Poolin – a Beijing-based Bitcoin mining pool that’s responsible for 10% of the overall Bitcoin network hash rate – announced a freeze on user withdrawals on Monday. Mining pools are groups of miners that unite their efforts…
