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Ether (ETH) price is down 37.5% in the last seven days and recent news reported that developers decided to postpone the network's migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for
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Elon Musk, billionaire and CEO of Tesla and SpaceX and new owner of Twitter, stated that integrating digital payments into Twitter "makes sense." Musk recently reached an agreement to buy Twitter for $44 billion. Despite considerable public skepticism about the deal's completion, it appears to be on schedule, and Musk's
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Gov. Hochul has received a $40,000 donation from Ashton Soniat, the chairman and CEO of Coinmint, as well as $78,000 from Albany lobbying firm Ostroff Associates, which includes Blockfusion in its list of clients, The New York Times reported. The governor raised $10 million from mid-January to May, according to
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As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset had been the victim of multiple outflows that had tanked its total AuM (Assets under management) and this trend has continued this week. Instead of moving to
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Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens' purchasing power.This has brought 37.3% of the population under the poverty line, and
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Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the Terra ecosystem and its algo stablecoin TerraUSD (UST). In a Wednesday blog post, Buterin noted that the
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These days it seems that everybody and their mother is either launching an NFT project or aping into one. Many well-known artists are getting wealthy off of their collections and sewer traders. NFT art is a very community-driven, and creative pursuit. With so many different collections taking off, wouldn’t it be
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Bitcoin failed to recover above $32,000 against the US Dollar. BTC is gaining bearish momentum and trading below the key $30,000 support zone. Bitcoin started a fresh decline and traded below the key $30,000 support zone. The price is now trading below $30,000 and the 100 hourly simple moving average. There is a
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As the industry matures, debt capital is preferred by investors, given its non-dilutive nature. Indeed, offering equity in the current market has often not been kind to the share price of miners. Most recently, shares of TeraWulf (WULF), which uses 100% clean energy to power its mining operations, tumbled about
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Digital twin nonfungible tokens, or NFTs, aren't just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at game reserves and privately owned conservation areas in Africa. These wildlife NFTs enable holders
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