The consensus protocol change that Ethereum is about to experience will spark institutional interest in the second most capitalized cryptocurrency on the market. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
New perspectives on Ethereum after the arrival of “The Merge”
📍Institutional investors will flock to Ethereum after “The Merge,” according to Bloomberg Intelligence. Analysts at the financial advisory firm believe that the upcoming change in consensus on the Ethereum network will spark institutional investors' interest in the cryptocurrency, which they expect will have a positive impact on its price.
In its report “Booms, Busts and Bitcoin,” Bloomberg Intelligence notes that The Merge will be a catalyst for institutional investment in the cryptocurrency.
Ethereum's transition to consensus protocol Proof of Stake “has the potential to reshape ETH as an institutional-grade global asset,” the report said.
$15 million for the domain name “NFTs.com”
📍A Web3 company has paid $15 million for the domain name “NFTs.com.” The news was released by the domain name escrow provider Escrow, reporting that one of the largest web domain companies in the world, GoDaddy and Domainer closed the deal with the buyer, which turned out to be a company related to the metaverse and the Web3, whose name has not yet been revealed.
According to Escrow, the domain name “NFTs.com” has been the most expensive domain name sold in the crypto industry to date.
Cryptocurrencies in donations
📍Cryptocurrencies have made their way into church donations in the United States. The Roman Catholic Archdiocese of Washington, United States, has added cryptocurrencies to its options for receiving donations. According to the cryptocurrency donation platform Engiven, the archdiocese's development director, Joseph Gillmer, noted that through crypto assets, the faithful can access a new and exciting way to donate, which guarantees flexibility and allows supporting the region's dioceses with ease and transparency.
In the United States, more organizations are opening the door to accepting donations in cryptocurrencies. In 2020, The Salvation Army USA began offering cryptocurrency donations. accept donations in crypto assets, as reported by this outlet. Also, the National Republican Congressional Committee of the United States is accepting financial aid in cryptocurrencies. More recently, the state of California repealed a ban that prevented state politicians from receiving donations in cryptocurrencies, once again opening up this possibility for future campaigns.
Earlier this year, The Giving Block platform recorded over 1.500% year-over-year growth in the use of cryptocurrencies including BTC, ETH, USDC, DAI, FLOW, and others in donations.
GitHub repositories hit by massive malware attack
📍Software engineer Stephen Lacy identified a massive malware attack on GitHub repositories. On Twitter, Lacy reported that he had discovered what appeared to be a widespread malware attack on GitHub, the collaborative development platform used primarily for creating source code.
In the shared post, the software engineer noted that around 35.000 repositories had been affected by the attack on the platform. Lacy warned that this attack had the potential to send security keys, Amazon Web Services (AWS) access keys, cryptocurrency private keys, and more to the attacker's server.
At the time of writing, the platform's developers reported that the attack has been mitigated.
China launches new digital yuan test pilot
📍In Suzhou Province, Zhangjiagang Rural Commercial Bank is experimenting with digital yuan in secured loans. According to a local media outlet, the bank has launched a first loan of 500.000 digital yuan or e-CNY, which was guaranteed by a pledge of intellectual property.
The digital yuan loan was issued to an environmental protection equipment manufacturing company and represents further evidence of the currency's applications and use cases. CBDC from China in different areas and environments, such as credits.
Continue reading: Michael Saylor steps down as CEO, MicroStrategy announces changes: What does this mean for Bitcoin?
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