The Ethereum blockchain has finally completed its long-awaited Merge upgrade, switching its network from proof-of-work (PoW) to the more energy-efficient proof-of-stake (PoS) model. Ethereum co-founder Vitalik Buterin announced the event by wishing a “Happy Merge all,” stating that it had been a dream for years. * The update changed Ethereum’s...
Real estate wars are on in the metaverse, with virtual land sales heating up. The cheapest virtual land on popular metaverse platforms like The Sandbox and Decentraland are selling for 3.7 eth and 3.46 eth respectively (approximately $12,500 and $11,700 at time of writing). The smallest...
In a shocking move, the People’s Bank of China (PBOC) declared all cryptocurrency-related activities illegal in the country. In a Q&A published on their website, the PBOC announced that all services offering crypto trading, order matching, or derivatives are prohibited. The announcement means that overseas cryptocurrency exchanges can...
In the latest of the NFT craze, an NFT of a free clipart rock dubbed EtherRock #42 was sold for over 400 ETH (about $1.3 million). The cartoon rock is a piece in a four-year-old NFT project called EtherRock, comprised of 100 images of the same cartoon rock, each...
The ‘Stoner Cats’ NFTs, representing characters from an animated series created by the famous actress Mila Kunis, were sold out in just 40 minutes. The show will be featuring the voices of Chris Rock, Ashton Kutcher, Seth McFarlane, and even Vitalik Buterin, the co-founder of Ethereum. Currently, only the holders...
Vitalik Buterin, the 27-year-old who spearheaded the launch of the Ethereum blockchain 2015, has now become the world’s youngest crypto billionaire. As Ether (ETH) surged past $3,000 last Monday, virtual fireworks were going off for Vitalik, whose 333,520 ETH bought him a membership for the three commas...
