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0 CommentsThe 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…
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…
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…
US investment firm KKR & Co. has made its Health Care Strategic Growth Fund available on the Avalanche blockchain. The firm hopes that a tokenized fund will increase accessibility to individual investors. As The Wall Street Journal reported, investment giant KKR, which had $471 billion in assets under management at the end of 2021, is…
