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‘The Merge’ could be good news for China’s Ethereum enthusiasts
When China banned cryptocurrency mining and trading, many saw it as putting an end to a burgeoning industry in the world’s second-largest economy. As it turned out, the country’s crypto investors, developers and hobbyists continue to play a critical role in building the backbone and applications of web3. The Merge, the much-anticipated network update on Ethereum…
How the upcoming Ethereum Merge could change crypto’s rewards, costs and reputation
The long-awaited systemwide upgrade will, experts say, reduce the blockchain’s energy consumption by about 99% by switching its transaction verification system away from “proof-of-work.”
Web3 giant Parity Technologies teams up with Watr over platform to track ethical commodities
As the U.S. and Europe bake in abnormal summer heat, the climate continues to climb up the world’s agenda. With everyone now talking about energy, how commodities are traded is…
Decentralized identity startup Spruce wants to help users control their sign-in data
Signing into websites using your Google or Facebook account has become so commonplace that lots of people don’t think twice before doing it. Keeping control over one’s own identity on…
Paradigm and a16z back Ethereum scaling startup Optimism at $1.65B valuation
Throughout the most recent crypto bull run, plenty of new crypto users have interacted with the Ethereum network for the first time and have been surprised to find sluggish, expensive…
MetaMask parent company ConsenSys raises Series D at $7B valuation
Crypto developer ConsenSys, which owns the popular Ethereum-based MetaMask wallet, announced a $450 million Series D round today that values the company at $7 billion, nearly double in worth since…
Ethereum developer tools platform Hardhat becomes nonprofit with donations from a16z and others
Nomic Labs, creator of popular Ethereum developer tools platform Hardhat, is becoming a nonprofit with the goal of improving the protocol’s developer ecosystem, it announced today. Nomic, which first launched…
Many crypto detractors contend that the web3 space is buoyed by meme money, so Coatue leading a $69,420,000 Series B in a blockchain startup shouldn’t leave them too surprised. The…
Offchain Labs raises $120 million to fix Ethereum’s shortcomings with its Arbitrum product
As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced…
Tenderly raises $15.3M to help Ethereum developers ship decentralized apps faster
Blockchain infrastructure startups are heating up as industry fervor brings more developers and users to a space that still feels extremely young despite a heavy institutional embrace of the crypto…
If you spent any time this year desperately trying to figure out what the heck NFTs are, you probably have Dapper Labs CEO Roham Gharegozlou to thank for that. His…
Andreessen Horowitz triples down on blockchain startups with massive $2.2 billion Crypto Fund III
While the cryptocurrency market’s most recent hype wave seems to be dying down after a spectacular rise, Andreessen Horowitz’s crypto arm is reaffirming its commitment to startups building blockchain projects…
Ethereum creator donates meme coins worth $1 billion to help India fight COVID-19
Vitalik Buterin donated cryptocurrencies worth $1.5 billion to several non-profit organizations, including $1 billion to a COVID-19 relief fund in India, on Wednesday in one of the largest-ever individual philanthropy…
A lot of 9 CryptoPunks portraits ended up selling for just under $17 million in a Christie’s auction Tuesday evening, marking another substantial moment for NFT art sales. The lot…
Could NFT auctions be moving away from Ethereum? One new group is betting they will
NFTs were arguably already taking off when Beeple sold his NFT artwork for $69m. But another crypto project attracted attention when it bought an original Banksy artwork for $95,000. The…
ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi
ConsenSys, a key player in crypto and a major proponent of the Ethereum blockchain, has raised a $65 million funding round from J.P. Morgan, Mastercard and UBS AG, as well…
ConsenSys launches a more energy-efficient NFT ecosystem with a project from artist Damien Hirst as its first drop
The NFT craze has been an intriguing moment for digital artists who have seen great leaps in how tech has allowed them to create their work, but not as much…
Coinbase plans to go public by way of a direct listing, the company announced in a blog post today. The cryptocurrency exchange was founded in 2012 and allows users to…
NEAR Protocol raises $21.6M from A16Z and launches its MainNet, beating Ethereum 2.0
It was only the other week that Andreesen Horowitz announced their second blockchain-focused fund of $515 million. In the announcement, they said: “We are still early in this Web 3…
After announcing that they were launching a managed blockchain service late last year, Amazon Web Services is now opening that service for general availability. It was only about five months…
Bitmain, Huobi, ConsenSys and Steemit are among the cryptocurrency startups to complete layoffs in the last month.
Opera brings a flurry of crypto features to its Android mobile browser
Crypto markets may be down, down, down, but that isn’t stopping Opera’s crypto features — first released in beta in July — from rolling out to all users of its core…
Four days ago the crypto markets were crashing hard. Now they’re crashing harder. Bitcoin, which hasn’t fallen past $6,000 for months, has dumped to $4,413.99 as of this morning, and…
Blockchain media project Civil turns to Asia with fund to kickstart 100 new media ventures
Civil, the blockchain-based journalism organization, is casting its eye to Asia after it set up a $1 million fund that’s aimed at seeding 100 new media projects across the continent…
In what amounted to one of the most far-reaching and interesting conversations at TC Sessions in Zug, Ethereum masterminds Vitalik Buterin, Justin Drake, and Karl Floersch spoke openly – and…
