Rewind 2022: A crypto roundup of the year and stepping into 2023
Stepping into the year 2023, it’s time to pause and reflect on the accomplishments and struggles the global crypto community witnessed over the last 365 days. Starting from the very beginning of 2022, no investment strategy could help recover the falling portfolios across traditional and crypto ecosystems. January 2022 inherited a slightly collapsing market, wherein […]
1inch launches Fusion upgrade to improve swap security and profitability
Leading decentralized finance (DeFi) aggregator 1inch Network announced a major upgrade — Fusion — around its 1inch Swap Engine. The Fusion upgrade aims to deliver cost-efficient, secure and profitable swaps for crypto investors. The Fusion mode in 1inch Swap Engine allows DeFi investors to place orders with a predecided price and time range without paying […]
A year after Taproot, Bitcoin community works to unlock its DeFi potential
Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world’s largest cryptocurrency, sources told Cointelegraph. “Since early on, Satoshi predicted that layers being built on top of the Bitcoin blockchain would enable Bitcoin […]
Ethereum developers decided on eight proposals for the Shanghai update
Developers at the Ethereum foundation decided on eight Ethereum Improvement Proposals (EIP) to explore for the Shanghai update, the next major upgrade after the Merge and its move to proof-of-stake consensus, announced the Ethereum Foundation on Nov. 24. On a weekly call, developers decided what features should be included in the next hard fork, which will be […]
Ethereum inches even closer to total censorship due to OFAC compliance
Considering that protocol-level censorship is deterrent to the crypto ecosystem’s goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over […]
Ethereum launches testnet for Shanghai upgrade: Here’s what is next
Staked ETH withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live. Developers can now begin working on the implementations; a process expected to continue until September 2023. This is the first major update […]
Ethereum Merge spikes block creation with a faster average block time
The Merge upgrade for Ethereum (ETH), which primarily sought to transition the blockchain into a proof-of-stake (PoS) consensus mechanism, has been revealed to have a positive impact on the creation of new Ethereum blocks. The Merge was considered one of the most significant upgrades for Ethereum. As a result of the hype, numerous misconceptions around […]