Here’s what happened in crypto today

United States-based cryptocurrency exchange Coinbase is currently discussing the possibility of hiring the engineering team of Ripple-backed storage and rental startup Omni Rentals, tech news outlet TechCrunch reported on Oct. 5.Not the only company interestedPer the report, two unspecified sources familiar with the situation told the outlet that Omni is currently struggling with layoffs and…

The EIP-1559 is a network upgrade that seeks to send a small fraction of the fee associated with all ETH transactions directly to the network. The tokens will be subsequently burned, thereby reducing the overall number of coins in circulation at any given point. As a result of the proposal, many expect Ethereum’s existing scalability…

Major United States cryptocurrency exchange Kraken has decided to delist bitcoin (BTC) offshoot bitcoin SV (BSV), the firm announced on April 16.In an official press release, Kraken said that BSV had “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.” As such, the exchange has decided to…

Sovereign wealth funds may soon become the next major investors to enter the Bitcoin scene. 4536 Total views 24 Total shares State-owned investment funds are reportedly making inquiries into buying Bitcoin (BTC).According to Robert Gutmann, CEO of New York Digital Investment Group, the firm has been having conversations with sovereign wealth funds about possible Bitcoin…

South Korea’s biggest internet corporation Kakao will reportedly integrate its crypto wallet in its messaging app KakaoTalk, local financial news agency Fnnews reported on March 18.According to the report, more than 44 million South Korean KakaoTalk users will be able send peer-to-peer transactions using Kakao’s crypto-powered wallet.The South Korean messaging giant will reportedly integrate the…

Following the successful but imperfect launch of the Medalla testnet, the first community testnet for Ethereum 2.0, developers spoke on the issues and needed improvements highlighted by the event.In an Eth 2.0 Dev call held on Aug. 6, the network’s client developers discussed what initially went wrong.As Cointelegraph previously reported, it took some time for…

On Sept. 4, the government of Bahrain, a constitutional monarchy in the Persian Gulf, emphasized the importance of blockchain for the country’s economy. While the kingdom seems to be taking a rather positive approach toward crypto, the Middle East at large has proven to be a difficult region for virtual currencies, as a large chunk…

Once fully deployed, users will be able to make private transactions through the popular Tornado Cash mixer on the Arbitrum layer two network. 893 Total views 17 Total shares Tornado Cash is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum. Tornado Cash’s smart contracts…