Blockchain News

The Ethereum team executed a final test ahead of the merge event, after which the network will move to the Proof-of-Stake consensus mechanism. The upgrade is supposed to scale Ethereum and consume less energy than Proof-of-Work. Ethereum core developer and researcher Ansgar Dietrichs announced that...

Crypto financial services and payments company Circle released a blog post about the company's approach toward the expected update of Ethereum. The team said since the release of the USDC stablecoin on Ethereum in Sept. 2018, they have collaborated closely with the ecosystem and have seen essential...

As Ethereum's move from Proof-of-Work Consensus mechanism to Proof-of-Stake is nearing, many miners consider going back to Ethereum Classic, a fork of Ethereum that uses PoW. Talking about the expected event, and its impact on the network at the ETHSeoul festival, Buterin said he doesn't think that...

According to White Rock CEO Andy Long, during the dominance of bearish sentiment in the market, companies need to focus on infrastructure development. Now there are excellent opportunities for new acquisitions and partnerships between industry participants, the expert told CoinTelegraph. Many...

Co-founder of Binance Yi He will take over as the organization's venture capital and incubator division's chief. The CEO of Binance Labs will be in charge of overseeing the company's overall strategy and operations. Her emphasis will include advancing the utility of cutting-edge cryptocurrency and...

At a recent European Ethereum Conference, Vitalik Buterin shared his vision about the expected merge, the difference between Ethereum and Bitcoin, the future of Ethereum, etc. Buterin mentioned that while Bitcoiners think BTC is 80% complete, Etherum supporters consider the system to be complete...

The Polygon team introduced the first EVM-equivalence zero knowledge Layer 2 scaling solution, zkEVM. It allows building on Polygon the same way as on Ethereum. Through zkEVM, developers can deploy smart contracts and use all the tools that operate on Ethereum. A blog post by Polygon says the...

OpenSea will cut 20% of its staff, co-founder and CEO Devin Finser said in a letter to the team. He attributed the massive layoffs to "an outstanding combination of crypto winter and across-the-board macroeconomic volatility." “We need to prepare the company for a possible long...

The Ethereum dev team published a paper which reveals a new launch date for the upcoming Marge based on testnets and updates. The planned date is Sept 19, when Ethereum will begin relying on Proof-of-Stake instead of Proof-of-Work. According to a tweet by Ethereum’s Beacon Chain community...

Polygon, a scaling solution for the Ethereum blockchain and a Web 3 infrastructure is one of the tech companies to take part in Disney’s Accelerator Program. It is focused on advancing opportunities between innovative technologies and Walt Disney. This year, the program is directed toward AR,...

A court in the United Kingdom approved the use of blockchain during a legal action for the first time. The ruling was related to a lawsuit started by Fabrizio D’Aloia, founder of a virtual gambling business. According to a Time article, D’Aloia is suing the digital assets exchange Binance and...

NFT finance Omni, developed by Parallel Finance, was hacked recently and lost around 1,300 Ethers worth $1.43 M in a flash loan reentrancy hack. The platform enables users to stake NFTs and receive tokens in return. The blockchain data analytics company PeckShield tweeted that Omni's hacker...

Hollywood star Johnny Depp has donated about $800,000 to charities raising funds due to NFT sales. Depp's NFT art platform Never Fear Truth divided the sum between the Children's Hospital of Los Angeles, Perth Children's Hospital, the Footprint Coalition, and the Great Ormond Street Hospital....

The Italian government revealed incentives for technological developments related to blockchain and AI. A statement published by The Ministry of Economic Development (Ministero dello Sviluppo Economico or MISE) says certain blockchain and other tech projects will be able to apply for up to $46 M as...

Harmony blockchain offered a $1 M bounty to a hacker that exploited a vulnerability on the Horizon Bridge and was able to move $100 M funds. They used different decentralized exchanges to swap the stolen cryptocurrencies for Ether. Harmony said the team won’t advocate for charges if the hacker...

Popular crypto platform Coinbase said in the next month users will be able to make transactions in Ether, MATIC and USDC stablecoin on Ethereum's L2 scaling solution Polygon, and USDC on Solana. Coinbase published a blog post that mentions Ethereum has the largest ecosystem for developers,...

Today, the Harmony blockchain tweeted that hackers exploited the Horizon bridge for $100 M. The team has started collaborating with national authorities and investigators to find out the criminals and restore the stolen funds. The Horizon bridge provides interoperability between Ethereum, Binance...

Chainalysis decided to increase the effectiveness of the fight against hackers attacking crypto companies. To do this, it creates a special rapid response unit for relevant threats. The Chainalysis press center stressed that any company that has been attacked will be able to seek help 24/7, that...