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Ethereum completes ‘Merge’ upgrade, transforming the blockchain forever
The long-awaited Ethereum “Merge” update was completed just before midnight Wednesday and the blockchain has switched from its “proof-of-work” validation system to a “proof-of-stake” system under the hood. From the perspective of users and developers, the Merge changed absolutely nothing, but for current Ethereum miners, those creating new crypto tokens, millions of dollars’ worth of ...
Opera Crypto Browser integrates MetaMask in time for the Ethereum Merge
Opera Crypto Browser, the Web3-based web browser that supports decentralized blockchain applications, from Opera Software now supports the crypto wallet MetaMask, the company said Tuesday, ahead of the much-anticipated Ethereum Merge upgrade that’s expected to be completed tonight. Opera launched the Crypto Browser in January to give users easy, direct access to Web3 technologies such ...
Terraform Labs co-founder Do Kwon faces arrest in South Korea over Terra ecosystem collapse
A court in South Korea has issued an arrest warrant for Do Kwon, the founder of now collapsed stablecoin issuer Terraform Labs Pte. Ltd. who oversaw the spectacular implosion of the TerraUSD cryptocurrency in May, which led to multiple investigations. The Seoul-based court issued the warrant for Do Kwon and five others, Bloomberg reported today, according ...
Twitter shareholders vote for Elon Musk’s $44B buyout as whistleblower testifies
Twitter Inc.’s shareholders today voted to approve Elon Musk’s $44 billion buyout of the company and take it private. The vote comes after Musk has been seeking to drop the deal claiming that the company was in breach of the original agreement – primarily that Twitter had failed to disclose how many accounts were fake. ...
Linux Foundation announces OpenWallet Foundation for interoperable open-source digital wallets
The Linux Foundation today announced plans to form a new collaborative initiative called the OpenWallet Foundation to support the development of interoperable open-source digital wallets. The mission of OWF is to build an open-source engine on which anyone can build interoperable wallets with industry best practices for privacy and security baked in. It would become ...
Starbucks unveils Odyssey loyalty rewards program powered by NFTs
Coffee and muffins cafe and meetup spot giant Starbucks Corp. today unveiled details on its new upcoming rewards program Starbucks Odyssey powered by nonfungible tokens, which will offer loyalty rewards to customers through blockchain technology. The new setup uses the Web3 technology of NFTs, which are a type of crypto asset built on blockchains that ...
Payments company Bolt abandons $1.5B deal to buy crypto firm Wyre
The online checkout company Bolt Financial Inc. announced Friday that it has ended its $1.5 billion deal to acquire cryptocurrency infrastructure firm Wyre Payments Inc. by mutual agreement, according to a report from Reuters. The deal, announced in April, would have been the largest acquisition for Bolt, which provides an e-commerce one-click checkout service for ...
‘Axie Infinity’ creator Sky Mavis taps Google Cloud to secure blockchain network
Sky Mavis, the creator of the popular “Axie Infinity” blockchain game, has teamed up with Google Cloud to become a validator for its blockchain gaming and nonfungible token network to scale it up securely and sustainably. Sky Mavis announced a multiyear collaboration with Google Cloud today during AxieCon, the company’s gaming and fan conference, that ...
White House report says crypto mining could be restricted over environmental concerns
A report from the White House on Thursday targeted the energy implications of creating digital currencies such as bitcoin and Ethereum through the process of cryptocurrency mining and encouraged the industry to shift toward more environmentally friendly processes. The report, mandated by United States President Biden in an executive order in March, asked the White ...
Crypto startup Slide raises $12.3M to build better Web3 user experiences
Web3-focused startup Slide said today that it has raised $12.3 million in seed funding co-led by Polychain Capital and Framework Ventures to enable crypto developers to build better user experiences into their decentralized applications. Other participants in the funding round included Coinbase Ventures, Outlander Ventures and Circle Ventures. Working with Web3 and crypto applications can ...