Developers of the Ethereum proof-of-work (PoW) hard fork have decided to disband. According to a Dec. 19 announcement, the core EthereumPoW development team will be dissolved to “achieve full autonomy.” Thereafter, the EthereumPoW blockchain will continue to run with PoW as the main consensus for the chain and decentralized governance “to become a deity-less public chain.”…

Solana’s SOL price risks losing nearly half its value in the coming weeks as a classic technical setup puts a potential 40% crash into play. Bearish divergence limits Solana’s upside prospects As of Dec. 19, SOL is trading at around $76.35, up around 50% compared to its local price low of around $51 a month ago….

The approval of a spot Bitcoin ETF by January 10 appears to be set in stone, with a new spate of exchange-traded fund (ETF) updates only adding further to the likelihood of an approval, say K33 research analysts. In a Dec. 19 report, K33 head of research Anders Helseth and senior analyst Vetle Lunde said the…

The Solana memecoin frenzy continues as a trader turns $226,000 into well over $1.6 million by gambling on a token with a beanie-wearing dog as its mascot. Between Dec. 13 and 15, a crypto trader bought over 19 million Dogwifhat (WIF) tokens, a dog-themed memecoin, as it debuted on the markets within the Solana network….

While the crypto community eagerly awaits the possible approval of a spot Bitcoin exchange-traded fund (ETF) in the United States, some analysts are warning this could potentially trigger unwanted consequences for cryptocurrency exchanges. Several industry observers have predicted that a spot BTC ETF could start trading in early 2024, in an event that, when paired with Bitcoin’s…

The latest degen “gold rush” to inscribe everything from profile pictures to memecoins has led to at least half a dozen blockchain networks cracking under pressure over the past week. The last few days have seen Arbirtrum, Avalanche, Cronos, zkSync, and TON all suffering partial or full outages recently due to inscriptions, with modular data availability…