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Ethereum successfully executes Merge event At 2:45 am EST (12:15 pm IST), the Ethereum network successfully began its transition from proof of work to proof of stake. In proof of work, Ethereum (ETH) was generated by “mining,” an energy-intensive process by which individuals directed huge amounts of computing power at difficult-to-solve puzzles. Under the proof of […]
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Do Kwon and Terra Labs slapped with class-action suit An Illinois resident sued Terraform Labs, its founder Do Kwon, and several venture capitalist (VC) firms that make up the Luna Foundation Guard (LFG). The lawsuit claims that the defendants violated federal securities laws and misled investors. LUNA and TerraUSD (UST) collapsed last month after the […]
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India is finalizing a crypto consultation paper: Govt. official Economic Affairs Secretary Ajay Seth said a consultation paper on crypto is “fairly ready”. He was speaking at an event organized by the Finance Ministry. Seth has called for a global consensus on crypto regulation. The paper is a result of consultation from various domestic and international […]
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Robinhood plans Ethereum wallet with DeFi Robinhood is building a standalone, non-custodial wallet that will give customers full control over their crypto assets. The new product will be similar to Web3-focused products like MetaMask and Coinbase Wallet that give users full control but also require them to manage their own private keys. It will let users […]
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Terra temporarily halts blockchain to prevent attacks After Terra’s UST stablecoin lost its US dollar peg earlier this week, the firm’s crypto token LUNA crashed. After losing nearly 100% of its value over the past week, Terra validators announced that they would halt the blockchain. Given how dramatically the price of the  LUNA has fallen, […]

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