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From Frozen Funds To Flowing Streams: Celsius Unchains Ethereum, Hope Rises For Wounded Creditors
Friday, January 5, 2024 - 10:12am | 472Bankrupt Celsius Network (CRYPTO: CEL) has taken a major step in its financial restructuring. The crypto lender announced the unstaking of a large portion of its Ethereum (CRYPTO: ETH) holdings. This decision is a crucial part of Celsius's broader strategy to facilitate repayments to...
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Ethereum Founder Vitalik Buterin Acknowledges All ETH L2s Have 'Backdoors'
Monday, August 14, 2023 - 3:37pm | 395Ethereum (CRYPTO: ETH) founder Vitalik Buterin has acknowledged the presence of what he termed "training wheels" in the current Ethereum Layer 2 (L2) solutions. These "training wheels" refer to backdoors that allow developers to intervene and modify the protocol...
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Epic Burn: Gala Games Torches $637M In Tokens
Thursday, May 18, 2023 - 1:04pm | 458In an unprecedented move, leading gaming company Gala Games obliterated nearly 21 billion of its (CRYPTO: GALA) tokens, equating to more than $637 million at the time of the burn. What Happened: This colossal token burn was undertaken following the completion of the V2 token airdrop...
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Shanghai Update Imminent: All You Need To Know About Major Ethereum Upgrade Set For Deployment
Wednesday, April 12, 2023 - 1:58pm | 562The Shanghai upgrade for Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market cap, is expected to be deployed on Wednesday at 22:27 UTC (6:27 p.m. ET), a milestone in its transition from a proof-of-work (PoW) to a proof-of-stake (PoS) network. In this article, we...