Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput

On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020. …

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Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently

On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer did not disclose who offered the funds and how much …

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Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony’

While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation won’t be as elevated as …

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Unpacking The “Lummis-Gillibrand Responsible Financial Innovation Act”

A line-by-line analysis and critique of the recently proposed bill to regulate “digital assets.” To say it’s misguided is an understatement. This is an opinion editorial by Beautyon, the CEO of Azteco. In this post, I parse the above-named act, pointing out the glaring flaws and errors in it. It should be clear to any …

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Monochrome Eyes Spot Bitcoin ETF In Australia, U.S. Lags Behind

The fund’s responsible entity partner received unique licensure which will give investors more transparent and direct exposure to bitcoin through a spot ETF. Monochrome is eyeing a spot bitcoin ETF in Australia, adding to an already crowded market in the country. The fund’s partner has received unique regulatory approval to offer direct exposure to bitcoin. …

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