Developers at Input Output and the Cardano Foundation today announced that Cardano’s Vasil hard fork will occur on September 22, just one week after the Ethereum merge’s anticipated date of September 15. “Vasil is the most significant Cardano update to date, bringing increased network capacity and lower cost transactions,” Cardano developer Input Output tweeted Friday. A hard fork is when…
The Brazilian Securities and Exchange Commission is reportedly pursuing changes in the country’s legal framework with regard to its regulation of cryptocurrencies. According to local media, one major concern is that the bill in question does not appear to consider tokens as digital assets or securities — and they therefore wouldn’t fall under SEC regulation. The updated position of the…
Snap Inc’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%. The note said that this round of layoffs comes after the company experienced slow revenue growth, a slump in stock prices, and a general lag behind its financial targets. Speigel shared: “Our…
Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Roche Freedman LLP, recently withdrew from a number of class-action lawsuits initiated by the law firm. The attorney’s withdrawal follows videos that circulated showing the lawyer discussing associations with cryptocurrency companies. After the attorney’s initial filing, the stablecoin issuer Tether is requesting that the litigation firm Roche…
Let’s rewind the tape to the end of 2021 when Bitcoin (BTC) was trading near $47,000, which at the time was 32% lower than the all-time high. During that time, the tech-heavy Nasdaq stock market index held 15,650 points, just 3% below its highest ever mark. Comparing the Nasdaq’s 75% gain between 2021 and 2022 to Bitcoin’s 544% positive move,…
In brief Actor and comedian Bill Murray’s Ethereum wallet, which is controlled by his business partners, was hacked last night. About $174,000 worth of Wrapped Ethereum was stolen—nearly all of the funds raised through Murray’s recent NFT charity auction. The Ethereum wallet tied to actor and comedian Bill Murray—which is being used to sell official NFTs inspired by his life—was…
In brief Ethereum is about to execute its long-awaited “merge” that will dramatically cut down the environmental impact of the network. There may be forked versions of Ethereum, which could cause confusion and lead to scams as duplicated NFT assets enter the market. We’re days away from Ethereum’s long-awaited merge, in which the leading network for dapps and NFTs will…
Nonfarm payrolls rose by 315,000 jobs in August, down from the July increase of 526,000 jobs. The report was just below the Dow Jones estimate of 318,000 jobs and the slowest monthly gain since April 2021. The S&P 500 rose in response to the report, but later erased its gains, indicating that bears continue to sell on rallies. That may…
Bitcoin’s price was volatile Friday following the release of data from the Labor Department—following its trend this week of dipping and diving as investors decide what to do with riskier assets. At first the biggest cryptocurrency rallied after news showed U.S. employers added 315,000 jobs in August, pushing the size of the labor force to a record high. The report…
In the world of crypto, FUD stands for fear, uncertainty and doubt. It’s often evoked intentionally in order to draw negative attention to a particular project or business. One of crypto’s most enduring legacies has been the constant FUD surrounding Tether, whose USDT stablecoin commands a market capitalization of nearly $68 billion. Whether intentional or not, The Wall Street Journal…
