Crypto-news

Over the last three months, the activity of its blockchain developers has decreased by more than 26% in weekly active developers, a recent data analysis from Artemis revealed. Crypto researchers suggest that this is attributed to the departure of “tourist investors” and “tourist builders” that would give real builders to get real work done. A…

Ethereum scaling solution Polygon plans to continue hiring despite the bear market and choppy macro conditions, as its HR exec told Bloomberg this week. She said the company aims to add 200 people to its team by the end of the year. Meanwhile, Polygon raised $450 million this year through a token sale. According to…

BNB chain, a Layer-1 blockchain by Binance, has announced its own zero-knowledge (ZK) proof scaling technology, called zkBNB. Binance claims zkBNB will improve scalability metrics and transaction speed. Zero-knowledge (ZK) proofs are one of the viable long-term solutions for decentralized blockchain scalability, as Ethereum co-founder Vitalik Buterin said in his ‘Endgame’ article. It is an…

Franklin Templeton joined the metaverse with a new thematic ETF. The global investment firm has launched The Franklin Metaverse UCITS ETF that tracks the Solactive Global Metaverse Innovation Net Total Return Index. The new ETF will list on the Deutsche Börse Xetra (XETRA) on Sept. 7, and the Borsa Italiana and London Stock Exchange (LSE)…

The Ethereum Merge could flood the crypto industry with out-of-work miners, impacting not only Ethereum but all PoW coins. This is likely to force many crypto miners to give up and abandon their expensive mining rigs amid plunging profits. As Cointelegraph reported, the transition of the Ethereum blockchain from a proof-of-work (PoW) consensus is likely…

Crypto exchange Binance, the issuer of the world’s 3rd-largest stablecoin, BUSD, said it will convert customers’ holdings in rival stablecoins USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin (BUSD) on September 29 to “enhance liquidity and capital-efficiency for users.” Meantime, Binance has no plans to “auto-convert” Tether (USDT) to…