Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs
The Ethereum proof-of-stake consensus mechanism will cut energy consumption by a massive 99.95% compared to the proof-of-work system. Go to Source Powered by WPeMatico
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The ‘launch of a rocket’ — Observers on the future of Ethereum post-Merge
With the Ethereum Merge only hours away, Cointelegraph spoke to industry experts about the transition to proof-of-stake today and what to look out for. Go to Source Powered by WPeMatico
Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput
On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020. … Read more
Ethereum Foundation treasury expands non-crypto assets to 19%
The foundation that oversees and funds developments on the Ethereum network has disclosed its total holdings, which include a sizable fifth in non-crypto assets. Go to Source Powered by WPeMatico
Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether
On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets. Ethereum Foundation Holds $1.294 Billion in Ether The Ethereum Foundation is … Read more
A New Academic Paper Describes 3 Attack Methods Against an Ethereum PoS Chain
Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition. However, a recently submitted white paper explains that a group of computer scientists from Stanford University and the Ethereum Foundation believe there are three attack … Read more
Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report
On September 27, 2021, at the Southern District of New York courthouse, the trial against former Ethereum developer Virgil Griffith started at 9:30 a.m. (EST). Griffith was facing 20 years behind bars for discussing blockchain technology in North Korea. Around 10:30 a.m., Griffith pleaded guilty and accepted a plea deal with up to six and … Read more
Ethereum Foundation backs Spruce’s vision for decentralized identity verification
Spruce hopes its Ethereum-powered sign-in system can offer a decentralized alternative to the data-harvesting identity services offered by tech giants. Go to Source Powered by WPeMatico
Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams
The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind. Go to Source Powered by WPeMatico
Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report
According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s bond because he allegedly tried to access the crypto exchange Coinbase. Report Says … Read more