https://twitter.com/alexjmingolla/status/1570434839408685057 The Merge successfully completed last Thursday, and leading up to the Merge for months, ETH prices increased in what was considered to be in anticipation for the positive aspects of what the Merge will bring, even against every micro and macro-economic roadblock that in other situations, would have kept any asset price down. ETH even outpaced BTC for the first time in this rare upward pattern. However, the Merge occurred, and ETH di...

https://twitter.com/alexjmingolla/status/1570434839408685057 The Merge successfully completed last Thursday, and leading up to the Merge for months, ETH prices increased in what was considered to be in anticipation for the positive aspects of what the Merge will bring, even against every micro and macro-economic roadblock that in other situations, would have kept any asset price down. ETH even outpaced BTC for the first time in this rare upward pattern. However, the Merge occurred, and ETH di...

With The Merge on its' way, there are a group of users who are wondering how they will survive this event: Ethereum POW miners. Currently, POW (proof of work) miners make quite a bit of ETH with their powerful crypto-solving machines. However, The Merge will introduce POS (proof of stake) where node operators will be required to deposit 32 ETH in order to be eligible to become network validators. This will inevitably decrease the amount of incoming transaction fees that miners have been ...

With The Merge on its' way, there are a group of users who are wondering how they will survive this event: Ethereum POW miners. Currently, POW (proof of work) miners make quite a bit of ETH with their powerful crypto-solving machines. However, The Merge will introduce POS (proof of stake) where node operators will be required to deposit 32 ETH in order to be eligible to become network validators. This will inevitably decrease the amount of incoming transaction fees that miners have been ...

Here we go! The Merge is near and ETH prices have been jumping! What can we expect for the Merge? The biggest change: Migration from Proof of Work (PoW) to Proof of Stake (PoS). Still not sure what it is? Basically, the methodology in which new blocks are created will change. Currently, it’s all about which miners have the strongest hardware to “win” the right to process any given transaction via cryptographically solving block puzzles. This has been a HUGE detriment on power resources and Po...

Here we go! The Merge is near and ETH prices have been jumping! What can we expect for the Merge? The biggest change: Migration from Proof of Work (PoW) to Proof of Stake (PoS). Still not sure what it is? Basically, the methodology in which new blocks are created will change. Currently, it’s all about which miners have the strongest hardware to “win” the right to process any given transaction via cryptographically solving block puzzles. This has been a HUGE detriment on power resources and Po...

https://twitter.com/scottmelker/status/1571200237653336071 What the vast majority of people already knew would happen eventually happened and much earlier than anticipated. ETHPOW, the forked version of Ethereum, crashed hard after the Merge, losing over 85% of it's initial value. The fork was already fighting an uphill battle with how they would operate in parallel to Ethereum, but they had a big issue right off the bat…their chainID was matching other existing chainID's, which wou...

https://twitter.com/scottmelker/status/1571200237653336071 What the vast majority of people already knew would happen eventually happened and much earlier than anticipated. ETHPOW, the forked version of Ethereum, crashed hard after the Merge, losing over 85% of it's initial value. The fork was already fighting an uphill battle with how they would operate in parallel to Ethereum, but they had a big issue right off the bat…their chainID was matching other existing chainID's, which wou...

GameStop, the formerly-irrelevant store known for selling video game related items for MSRP or buying back items at a fraction of the original price, has been in somewhat of a renaissance. Stemming from the Reddit "short sell" defense that pumped GME with loads of money, they decided to get into the crypto game, namely NFT and Web3 gaming. Well now they have a new powerful partner, FTX. FTX is joining forces with GameStop, with the latter becoming the "preferred retail partner in the United S...

GameStop, the formerly-irrelevant store known for selling video game related items for MSRP or buying back items at a fraction of the original price, has been in somewhat of a renaissance. Stemming from the Reddit "short sell" defense that pumped GME with loads of money, they decided to get into the crypto game, namely NFT and Web3 gaming. Well now they have a new powerful partner, FTX. FTX is joining forces with GameStop, with the latter becoming the "preferred retail partner in the United S...

Older Australians have been having not so great of a time getting duped in crypto scams for an almost collective AUD$242.5m in 2022 so far. Most of the scams were romance baiting scams to classic Ponzi schemes and cryptocurrency scams. The Australian government is trying to create safeguards in how money is transferred between entities in order to KYC potential scammers, but it is going to be an uphill battle to get that implemented. I know this is the same old tale of being cautious in the c...

Older Australians have been having not so great of a time getting duped in crypto scams for an almost collective AUD$242.5m in 2022 so far. Most of the scams were romance baiting scams to classic Ponzi schemes and cryptocurrency scams. The Australian government is trying to create safeguards in how money is transferred between entities in order to KYC potential scammers, but it is going to be an uphill battle to get that implemented. I know this is the same old tale of being cautious in the c...

Twitter has been seeing an influx of Vitalik impersonators, with profiles looking exactly as the one and true profile, upon first glance. The kicker? They're all verified to make it even hard to discern for some users. These fake profiles have been circulating phishing attempts ahead of the Merge, hoping to lure someone unsuspecting into the scam. NYC Web3 identified at least 4 fake handles, which also seems to be owned by the same person or group of people, as they are all retweeting ea...

Twitter has been seeing an influx of Vitalik impersonators, with profiles looking exactly as the one and true profile, upon first glance. The kicker? They're all verified to make it even hard to discern for some users. These fake profiles have been circulating phishing attempts ahead of the Merge, hoping to lure someone unsuspecting into the scam. NYC Web3 identified at least 4 fake handles, which also seems to be owned by the same person or group of people, as they are all retweeting ea...

A recently leaked recording of Celsius' leadership call is shining some light into how they might get into the good graces of their customers again. A proposal for paying back customers might include giving wrapped assets that can be traded on other platforms. Here is the general breakdown:1) Celsius' remaining funds would be allocated into certain wallets 2) Then issue Celsius-wrapped tokens, known as Cx tokens, to represent the ratio of how much the firm owes to how much it has on...

A recently leaked recording of Celsius' leadership call is shining some light into how they might get into the good graces of their customers again. A proposal for paying back customers might include giving wrapped assets that can be traded on other platforms. Here is the general breakdown:1) Celsius' remaining funds would be allocated into certain wallets 2) Then issue Celsius-wrapped tokens, known as Cx tokens, to represent the ratio of how much the firm owes to how much it has on...

What a fun trivia fact! A well-known crypto locksmith, known for recovering lost seed phrases and private keys, unveiled some information about the origins of the term "bitcoin" and it's down right interesting. Bitcoin.org was registered via a Japanese anonymous domain registrar called AnonymousSpeech on August 18, 2008. However, there was another similar domain name registered just one day before, called Netcoin.org on the same registrar. There is no other data to uncover here, as it lo...

What a fun trivia fact! A well-known crypto locksmith, known for recovering lost seed phrases and private keys, unveiled some information about the origins of the term "bitcoin" and it's down right interesting. Bitcoin.org was registered via a Japanese anonymous domain registrar called AnonymousSpeech on August 18, 2008. However, there was another similar domain name registered just one day before, called Netcoin.org on the same registrar. There is no other data to uncover here, as it lo...

A 39 year old Dutch man was arrested Wednesday for allegedly laundering tens of millions of Euros via cryptocurrencies, as part of larger push to crackdown on crypto-releated financial crimes in the Netherlands. The arrest stemmed from authorities tracing stolen Bitcoin from a software patch of the Electrum bitcoin wallet. Monero (XMR) was the primary crypto medium he used to attempt masking the source of funds, but was discovered through open ledger transactions eventually. This follows the ...

A 39 year old Dutch man was arrested Wednesday for allegedly laundering tens of millions of Euros via cryptocurrencies, as part of larger push to crackdown on crypto-releated financial crimes in the Netherlands. The arrest stemmed from authorities tracing stolen Bitcoin from a software patch of the Electrum bitcoin wallet. Monero (XMR) was the primary crypto medium he used to attempt masking the source of funds, but was discovered through open ledger transactions eventually. This follows the ...

What so many believed wouldn't work is actually gaining traction...and the PoW army are rejoicing...for now. ETHW, a non-difficulty bomb chain comparatively to the current Ethereum PoW chain, has been in the forked since August by the PoW community. However, many predicted this endeavor would be fruitless, as there are many issues with creating a forked version that people will ACTUALLY use. The biggest problem? How do you maintain every single dApp on both Ethereum and ETHW? This would ...

What so many believed wouldn't work is actually gaining traction...and the PoW army are rejoicing...for now. ETHW, a non-difficulty bomb chain comparatively to the current Ethereum PoW chain, has been in the forked since August by the PoW community. However, many predicted this endeavor would be fruitless, as there are many issues with creating a forked version that people will ACTUALLY use. The biggest problem? How do you maintain every single dApp on both Ethereum and ETHW? This would ...

Due to the ongoing BendDAO NFT liquidity crisis, NFT marketplaces are feeling the rippling effects from it. OpenSea, arguably the most popular NFT marketplace, has seen a 99% drop in trading volume, from its' last highest volume set back on May 1st. Volumes this low might suggest a looming NFT bubble about to burst with users' interest waning in digital collectibles, coupled with Ethereum's prices dropping in parallel. All of us who own NFT's have felt the pinch here. I&ap...

Due to the ongoing BendDAO NFT liquidity crisis, NFT marketplaces are feeling the rippling effects from it. OpenSea, arguably the most popular NFT marketplace, has seen a 99% drop in trading volume, from its' last highest volume set back on May 1st. Volumes this low might suggest a looming NFT bubble about to burst with users' interest waning in digital collectibles, coupled with Ethereum's prices dropping in parallel. All of us who own NFT's have felt the pinch here. I&ap...