Monthly Archives: August 2022

by in News

Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears

Ethereum co-founder Vitalik Buterin and Coinbase CEO Brian Armstrong believe that a gradual mind shift and important community contributions led to their backing of Ethereum’s upcoming move from a proof-of-work (PoW) to proof-of-stake (PoS) consensus. The two industry titans joined Coinbase protocol specialist Viktor Bunin on the Around the Block podcast for an enlightening discussion […]

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Bug bounty quadruples for Ethereum network — Up to $1M payouts ahead of Merge

The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake. In a Wednesday blog post, the Ethereum Foundation said between Aug. 24 and Sept. 8, all “Merge-related bounties for vulnerabilities” will be quadrupled for white hats testing the network. According to the foundation, […]

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Celsius, 3AC demonstrated why financial infrastructure should move on-chain

While mainstream coverage of cryptocurrency has been overwhelmingly negative in the wake of the collapse of the Terra ecosystem, the bankruptcy of Celsius and the fall of Three Arrows Capital, these events ultimately show why more of the financial system should operate on-chain, bringing more transparency and information to market participants. In all three cases, […]

by in News moves forward with multimillion-dollar renovation of Staples Center following staff cuts

Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange has continued to move forward with an agreement to rebrand the Los Angeles-based venue formerly known as the Staples Center. In a Monday tweet, released an artist’s rendering of some of the changes it […]