The massive upgrade of the Ethereum network known as the Merge has finally happened, moving the digital core of the second-largest cryptocurrency to a more energy-efficient proof-of-stake protocol after years of development. The historic move casts aside the miners who had previously driven the blockchain, with promises of higher scalability and massive environmental benefits. When…

The Museum of Modern Art (MoMA) in New York is considering buying NFTs with some of the proceeds of an auction of William S. Paley’s art collection. MoMA has formed a team that monitors the digital art market and will consider purchasing NFTs. As the Wall Street Journal reported, the museum plans to sell $70…

Investment management giant State Street says institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” the firm’s executive noted. State Street had expanded its crypto service earlier, citing soaring demand from traditional funds. The Sydney Morning Herald reported that…