Just a few months back, Ethereum made a ground-shaking move called 'The Merge', which fundamentally changed how block rewards were handed out. This change from a 'Proof-of-work' system to a 'Proof-of-stake' system eliminated the incentives of having warehouses of computers to make you crypto-richer by simply making the process non-competitive.
The world saw crypto losses up to $428 million in the third quarter (Q3), down 36 per cent from Q2, from hacks and frauds, a new report has shown. An...
Leading crypto exchange Binance has announced to discontinue support for three stablecoins - USDC, USDP and TUSD - and will merge those holdings in its own stable coin called BUSD.
After terminating nearly 10 per cent of staff some time back owing to "turbulent market conditions'", crypto exchange Gemini has laid off more employees in the second round of layoffs.
The Singapore-based 3AC filed for bankruptcy in the US earlier this month to protect its assets from creditors. The bankruptcy came as popular crypto tokens such as Bitcoin and Ethereum nosedived by nearly 70 percent from their record highs amid the economic meltdown.
Top cryptocurrency broker Voyager Digital on Wednesday filed for bankruptcy in the US, after top crypto hedge fund Three Arrows Capital (3AC) did the same last week, in which Voyager has made significant investments which the company is yet to get back.
The crypto market’s bearish run has reduced Bitcoin’s energy consumption to 130.5TWh and lower.This is the least amount of energy the Bitcoin network has consumed over the past year. Ethereum’s energy consumption along with other cryptos have also dropped amid the market’s nosedive.