One year after its historic transition to proof of stake, Ethereum has seen a massive reduction in energy use and a marked improvement in access to the network, however, a number of technical issues still mark the road ahead. The Merge was executed on Sept. 15, 2022 — an event that saw the Ethereum mainnet merging with a separate proof-of-stake…
Venture capital inflows decreased 42.7% as derivatives saw one of the largest liquidation events in crypto. Source: https://cointelegraph.com/public/index.php/news/crypto-liquidation-cascade-market-shock-report
Meta CEO Mark Zuckerberg has finally made the move to expand his metaverse Horizon Worlds from virtual reality headsets to people’s smartphones and computers. The 3D avatar-based social platform announced in a Sept. 15 blog post that it has started rolling out its first Meta Horizon world to mobile and web in an early access state. The only experience immediately…
Cryptocurrency stolen by North Korea-linked hackers is down a whopping 80% from 2022 — but a blockchain forensics firm says it isn’t necessarily a sign of progress. As of Sept. 14, 2023, North Korea-linked hackers have stolen a total of $340.4 million worth of cryptocurrency, down from a record $1.65 billion reported funds stolen in 2022. Cryptocurrency funds stolen by…
European AI defense developer Helsing announced Thursday that it raised 209 million Euros—around $223 million worth—in Series B funding led by venture capital firm General Catalyst. Swedish airplane and car manufacturer Saab joined as a strategic investor, as well. Launched in 2021, Helsing focuses on developing AI-enabled military applications and components, including for the upcoming update to the NATO Eurofighter…
Is a central bank digital currency (CBDC) necessary to protect the United States’ financial preeminence or a step towards authoritarianism? Congress returned to these questions again as Republicans move to advance new bills aimed at stopping a CBDC from going online. A House Financial Services Committee hearing today focused its attention on a trio of bills that would put limits…
Arm Holdings, the semiconductor technology company owned by Japanese giant SoftBank, made a strong return to the public markets on Thursday after an initial public offering (IPO) that raised over $5 billion for the company while ultimately valuing it at $65 billion. Shares in Arm opened above the IPO price of $51 on the Nasdaq exchange, jumping to $56.10 in…
Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, the Wall Street Journal reported. Binance.US is the United States offshoot of the international cryptocurrency exchange. Head of legal Krishna Juvvadi and chief risk officer Sidney Majalya were said to be leaving. Juvvadi was hired…
Elon Musk said in 2021 that Tesla would accept Bitcoin payments once miners were using roughly 50% clean energy sources “with positive future trend” — a benchmark that may have recently been met. In a Sept. 14 thread on X (formerly Twitter), Bloomberg analyst Jamie Coutts reported the percentage of Bitcoin (BTC) mining energy coming from renewable sources had exceeded 50%…
With five digital drawings from legendary pop artist Keith Haring currently up for sale as NFTs, auction house Christie’s has teamed with connected fashion brand MNTGE to release a physical patch inspired by one of the works—with a tech twist of its own. The Christie’s auction, Keith Haring: Pixel Pioneer, is currently underway with digital paintings created on a Commodore…
