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Ethereum Merge 'Going to Make a Huge Difference' for Energy Consumption: Researcher
The Ethereum Foundation claims the much anticipated Merge this September from proof-of-work to proof-of-stake will reduce the blockchain network's energy consumption by 99.95%. Independent researcher and artist Kyle McDonald discusses the potential impact of the Merge on Ethereum's energy consumption and the implications for NFTs.
Celsius’ Third Bankruptcy Hearing: Who Should Get Their Money Back?
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down Celsius’ third bankruptcy hearing on Thursday which focused on whether custodial account holders should be able to get their funds back.
Merge’s Impact on NFTs
Could Ethereum’s Merge cause chaos for the NFT market as the number of unique NFT buyers falls below 500,000? Host Joel Flynn takes a deep dive into that in this episode of “The Daily Forkast.”
Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds
The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.
What’s Driving Bitcoin Below $20K?
Tactive Wealth Advisor Eddy Gifford discusses the potential factors driving bitcoin’s (BTC) price below the critical psychological level of $20,000, particularly concerns around the “very, very hawkish” monetary policy from the U.S. Federal Reserve. Plus, his take on how the upcoming Ethereum Merge might impact the wider crypto markets.
Bitcoin Exchange Inflows Rise
Centralized exchanges received more than 13,000 BTC on Wednesday, the highest daily net inflow since July 17, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Crypto.com Scraps $495M Champions League Sponsorship Deal: Report
Cryptocurrency exchange Crypto.com has backed out of a five-year sponsorship deal worth $495 million with the UEFA Champions League, European soccer's elite league, according to a report in SportBusiness. "The Hash" hosts discuss the latest fallout of the market downturn and the state of crypto advertising.
NFT Marketplace X2Y2 Changes Stance on Royalty Payments Policy
Popular non-fungible token (NFT) marketplace X2Y2 announced all royalty payments on NFT projects would be optional, making them the equivalent of a blockchain tip jar. "The Hash" panel discusses the potential consequences and debate on the importance of such payments to the industry.
Law Firm Hires Top Crypto Lawyers to Join Digital Commerce Practice
Brown Rudnick, the international law firm best known for successfully representing actor Johnny Depp in his recent defamation suit against ex-wife Amber Heard, has hired a team of seasoned crypto lawyers from rival firm Anderson Kill.
Legal Expert: Australia 'Punches Above Our Weight' When it Comes to Crypto
Twenty-five prominent institutions in Australia have come together to start a research program to explore digital asset opportunities. Michael Bacina, partner at law firm Piper Alderman, explains why the country is the prime location to test asset digitization.