European Central Bank hints at PoW-based crypto ban by 2025

The European Central Bank (ECB) blasted Proof-of-Work (PoW) mining as a significant climate change risk in research bulletin published in July. As expected, the report specifically mentioned Bitcoin. However, it also raised issues with Ethereum, despite its transition to a Proof-of-Stake (PoS) consensus mechanism. Researchers compiled estimated carbon footprint data on the above tokens and … Read more

Will Ethereum Layer-2 chains survive after The Merge?

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum is finally moving to proof-of-stake this year, and with that, the aim is to: “Ultimately address some of the gas fee issues.” One of the primary methods to reduce gas fees are layer-2 solutions. Chains such as Polygon process over … Read more

Is Vitalik Buterin about to jump from Ethereum to Bitcoin?

Ethereum co-founder Vitalik Buterin posted a tweetstorm this week revealing contradictions in his thoughts and values. Buterin listed ten distinct contradictions, including reducing reliance on people versus building lasting systems and his love of decentralization and democracy versus a tendency to agree with intellectual elites over “the people.” Thread: some still open contradictions in my … Read more

Ethereum’s Merge will no longer happen in June, new date unknown

Ethereum’s highly anticipated transition to a Proof of Stake (PoS) consensus that is anticipated to be live in June is set to be shifted to an unknown date, this was revealed by Tim Beiko, one of the lead developers on the project. Ethereum’s transition to PoS postponed from June According to a tweet from Beiko, … Read more

Crypto Twitter goes bananas on April Fools Day

As one could have expected, April fools day sent Crypto Twitter off the charts this time. At CryptoSlate we really had to think twice before falling for any of the amazing “news” coming out of the social media platform. Anyway, we collected a few of the best tweets on Crypto Twitter during the day. Enjoy! … Read more

Ethereum blasted as “a trojan horse for tyranny” following MetaMask scandal

MetaMask users in Iran and Venezuela reported problems with completing transactions yesterday. It later emerged that affected users were deliberately blocked for “legal compliance” reasons. This is possible because MetaMask uses an API or gateway service through Infura. Like MetaMask, Infura is also owned by Ethereum developers ConsensSys, following its acquisition in October 2019. “Infura … Read more

Ukraine to issue airdrop to all crypto donors ahead of snapshot

Ukraine has today become the first government to announce a cryptocurrency airdrop since El Salvador made Bitcoin legal tender in 2021. The snapshot will be taken tomorrow at 2 pm Kyiv time on March 3, to reward donors. At present, it is unclear which blockchains will be eligible for the Ukraine airdrop. There are several … Read more

Is OpenSea planning to support Solana NFTs?

Rumors spreading on Twitter say that the world’s largest NFT marketplace, OpenSea, might be planning support for Solana-based NFTs soon.  OpenSea website shows support for Solana NFTs Popular tech blogger, Jane Manchun Wong, released screenshots of OpenSea’s website showing Solana among the supported blockchains of Ethereum, Klatyn, and Polygon. The screenshot also shows the marketplace … Read more

OpenSea exec Nate Chastain quits after allegedly trading NFTs on insider information

Rumors of insider trading at OpenSea, the industry’s largest NFT marketplace, seem to be true, the company confirmed in a statement earlier today. The crypto community reacted strongly yesterday after it was revealed that a senior exec within the company used insider information to trade NFTs. And while the company didn’t identify the employee that … Read more