ETHPoW drops 61% after The Merge, while Grayscale revealed its rights to tokens

    ETHPoW, a fork of the proof-of-work Ethereum blockchain, was down over 61% in 24 hours following The Merge. Meanwhile, Grayscale Investments said to an SEC it has the rights to ETHPoW tokens due to The Merge. The native token of EthereumPoW, a proof-of-work hardfork of the Ethereum blockchain, was trading down over 60% on Sept….

    The new era: The Ethereum Merge successfully completed!

    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…

    New York’s Museum of Modern Art considers buying NFTs

    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…

    State Street sees institutional investors don’t worry about the crypto-winter

    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…

    Downfall in crypto over poor CPI readings causes above $250 million in futures losses

    Bitcoin and Ether fell below recent support levels in the past 24 hours – BTC fell about 9%, while ETH dropped 6% – which caused over $250 million in liquidations. The crypto market drop followed the decline in US stocks after higher-than-expected inflation readings for August. According to data, futures tracking Bitcoin lost upwards of…

    SEBA Bank Launches Ethereum Staking to Enable Institutional Access to Staking Economy

    Platform addresses market demand for institutional-grade digital asset yield and staking services Staking services will enable institutions to earn rewards on the USD 190 billion market cap Ethereum blockchain Launch broadens access to sustainable crypto investment products, as Ethereum reduces energy consumption by estimated 99.95% Zug, Switzerland – 12 September 2022 SEBA Bank, a leading…