Ethereum Scaling Solution Arbitrum is Live
Arbitrum, a long-awaited scaling solution for Etehreum contracts that allows for agreeing on virtual machine (VM) behavior off-chain, is now live.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Over 20,000 ETH Burned So Far Since London Upgrade
The ETH 2.0 London upgrade was successful. Since going live on August 5th over 20,000 ETH has been burned.
Watch Elon Musk, Jack Dorsey & Cathie Wood Talk Bitcoin at The B Word Conference
Watch Elon, Jack, and Cathie talk Bitcoin. Each person talks about how they got into Bitcoin and crypto in general.
ETH London Upgrade Expected Aug 3 – 5
Ethereum’s London upgrade will go live on block 12,965,000, which is expected between August 3-5, 2021. This upgrade includes EIP-1559 and is an important part of Ethereum 2.0 (ETH2).
Miners Signal Support for Bitcoin Taproot Upgrade
The new Bitcoin taproot upgrade will be implemented now that miners have signaled support.
El Salvador Becomes the First Country to Adopt Bitcoin As Legal Tender
El Salvador has officially adopted Bitcoin as legal tender. According to a new law, Bitcoin can be used to pay taxes and must be accepted by all merchants.
The GBTC Discount Relaxes After Bitcoin Crash
GBTC had been trading at a discount since February after its premium went into a downtrend in December. The discount has now relaxed to 3.86% from a low of 21% on May 13th.
BTC and ETH Drop Over 50% From Highs
BTC and ETH crashed over 50% from their highs. That doesn’t typically happen in bull markets, yet crashes like this are rarely proceeded by more immediate selling. What happened to cause the crash was a mix of things. The leveraged long trade was crowded, the fear/greed gauge was green, alt season was in full blast . . . read more
Vitalik Just Dumped $SHIB and Other Meme Coins for Charity
Ethereum founder and dog-themed meme-coin-killer Vitalik Buterin re-gifted $1.2 billion in $SHIB to the India Covid Relief Fund and gifted large amounts of other doge-themed tokens as well.
Coinbase Launches Ampleforth Governance Token (FORTH)
Coinbase just listed Ampleforth Governance Token (FORTH) on both Coinbase and Coinbase Pro. FORTH is the governance token of Ampleforth (AMPL).