The Merge will activate when Terminal Total Difficulty reaches 58750000000000000000000. TTD represents the cumulative mining difficulty level of all Ethereum blocks on the Proof-of-Work chain. Miners can continue creating blocks after the upgrade, but clients will reject them as invalid. The Ethereum developers do not expect any major issues with the upgrade.
FTX is raising capital for a potential acquisition. It is evaluating several possible candidates, some of which are companies operating retail-trading platforms. Negotiations are still in the preliminary stages. The company will seek a $32 billion valuation if it does a capital raise.
GitArch is a decentralized and censorship-resistant hosting service for software development and version control using Git. It is built on the InvArch Network and Tinkernet parachain. GitArch features git repositories stored as NFT primitives. It is designed to be a seamless alternative to GitHub.
DeFi lending platform Compound is adding a borrowing service for institutions. The service will accept cryptocurrency as collateral against stablecoin loans. Institutions will pay interest on their loans to generate yield for lenders. Compound's loans are overcollateralized and they are fully transparent to the public.
Ethereum aims to become the settlement layer for the internet of value. There have been many statements made about Ethereum over the years as people learn about the new technology. This article presents 15 of the worst takes on Ethereum with comments by Ethereum Foundation researcher Justin Drake. An extended video interview with Justin Drake about bad takes on Ethereum is available in the article.
Variable Rate Gradual Dutch Auctions is an NFT issuance model originally designed for the Art Gobblers. The model allows tokens to be sold close to a custom schedule over time by raising prices when sales are ahead of schedule and lowering prices when sales are behind schedule. The VRGDA formula can align token supplies more closely with the expected demand growth of projects over time. Using the model could lead to more sustainable and healthy development of NFT projects.
A South Korean court has issued an arrest warrant against Do Kwon and five other individuals. They are charged with violating the Capital Markets Act. The collapse of the $40 billion Terra ecosystem kicked off this year's crypto winter. Kwon had said he was cooperating with authorities in an interview last month.
Norway's central bank digital prototype is based on Ethereum infrastructure. The testing environment for the DSP is available on GitHub. It features support for MetaMask and a custom frontend. More features are expected to be implemented by mid-September. Only around 4% of payments in Norway are conducted with cash.