Bitcoin, Ethereum Both Dropped Roughly 8% Over the Past Week
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Bitcoin, Ethereum Both Dropped Roughly 8% Over the Past Week

Top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), have posted severe losses over the past week. Bitcoin, the leading cryptocurrency with a market capitalization of roughly $382 billion, has plummeted 7.9% over the past week. It trades at around $19,990, down 1.6% over the past 24 hours, per data from CoinMarketCap. Bitcoin held range-bound this week, trading between a weekly…

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California State Assembly passes bill for licensing and regulating crypto firms
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California State Assembly passes bill for licensing and regulating crypto firms

Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who will either set it into motion or veto it completely.  This bill requires digital asset exchanges and crypto companies to have an operating license given…

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Bitcoin price dips 14% in August as trader warns of ‘macro drop down’
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Bitcoin price dips 14% in August as trader warns of ‘macro drop down’

Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly candle “doesn’t look good” Data from Cointelegraph Markets Pro and TradingView confirms that BTC/USD finished the month at $19,990. A knock to bulls’ efforts to stabilize spot price, the August close was only the second…

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L2 Scaling Solution Arbitrum Deploys Nitro Rollup Stack Migration
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L2 Scaling Solution Arbitrum Deploys Nitro Rollup Stack Migration – Technology Bitcoin News

The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. Earlier this month, Arbitrum developers noted that the Nitro migration would reduce network fees and improve throughput. Arbitrum Developers Implement Nitro Update The Offchain Labs-managed L2 Ethereum scaling solution Arbitrum, told fellow Arbinauts (the project’s users) on Wednesday that…

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Ethereum Fork ETHW Plummets 62% Just Weeks Before Merge
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Any Ethereum Forks ‘Won’t Be Supported’, Says NFT Market OpenSea Ahead of Merge

OpenSea, the largest nonfungible token (NFT) marketplace, will be exclusively supporting proof-of-stake (PoS) NFTs on Ethereum, tweeting on Wednesday that “we are committed to solely supporting NFTs on the upgraded Ethereum PoS chain.” The NFT behemoth added that any Ethereum forks, a technical term for when a blockchain network splits, will not be supported on OpenSea to provide the smoothest…

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NFT micro-philanthropy gives a new voice to the opera
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NFT micro-philanthropy gives a new voice to the opera

The music industry has been a major adopter of Web3 integration, with use cases ranging from song rights, blockchain-based streaming and new forms of digital releases.  Genres like pop, EDM and hip hop have represented nonfungible tokens (NFTs) in the music industry so far. However, classical music, and specifically opera, just found its entrance. Living Opera, a Web3 community that…

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OpenSea says marketplace won't support forked NFTs post Merge
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OpenSea says marketplace won’t support forked NFTs post Merge

As the date for the Ethereum Merge approaches, nonfungible token (NFT) marketplace OpenSea has announced that it will focus on supporting only the NFTs that are on the upgraded proof-of-stake (PoS) blockchain.  In an announcement on Twitter, the NFT marketplace said that while their team is not speculating on any potential forks, it clarified that if there are forked NFTs,…

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Ethereum Merge and the hefty tax bill you could be in for
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Ethereum Merge and the hefty tax bill you could be in for

Ethereum (ETH) hodlers that don’t play their cards right following the Ethereum Merge may be in for a hefty bill come tax time, according to tax experts.  Around Sept.15, the Ethereum blockchain is set to transition from its current proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS), aimed at improving the network’s impact on the environment. There is a chance that…

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