PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos.
Ethereum merge RSS
The Ethereum Merge that took place in September led to scams rising significantly, according to Chainalysis. The countries most affected by the scams were the United States and India.
Ethereum cryptocurrency and its loyal crypto-miners are at an inflection point. The transition from PoW to PoS was smooth, but that has made expensive crypto mining rigs all but irrelevant.
Despite bringing down the computational requirements by transitioning to a proof-of-stake (PoS) method of validation, neither the Gas fees nor the time taken for transactions, are coming down.
Ethereum finally completed "The Merge". While moving to a Proof of Stake validation will bring down energy usage, the transition has already pulled down the cryptocurrency's exchange price.
Google has added a new countdown clock marking the days and hours to the merge, where Ethereum will switch to proof-of-stake. At the time of writing, the timer is reading less than three days.
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