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Ethereum merge on track for launch

Goerli was the last remaining testnet scheduled to undergo the Merge, officially becoming a proof-of-stake  blockchain as of 1:45 am UTC, Aug. 11.

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Goerli was the last remaining testnet scheduled to undergo the Merge, officially becoming a proof-of-stake  blockchain as of 1:45 am UTC, Aug. 11.

The Goerli testnet merge has been finalized without any major issues today, suggesting that there will be no delays to the tentative Ethereum Merge date set.

Numerous key devs and figures in the Ethereum ecosystem have taken to Twitter to share their enthusiasm over the successful merge, such as core dev Preston Van Loon and podcaster/ETH proponent Anthony Sassano, sassal0x on Twitter, who bullishly noted to his 216,400 followers that “next up is the Ethereum mainnet.

However, some noted there were minor issues that were also present in the previous two testnet merges. Ethereum developer Marius van der Wijden noted that there was some confusion on the network because two different terminal blocks and lots of non-updated nodes that slowed the process down slightly but stated that things were looking good anyway.

There is growing confidence now that the highly anticipated Ethereum mainnet merge with the PoS-based Beacon Chain will go through without a hitch, given that Beiko previously stated that the major upgrade will go through on his proposed date of Sept. 19 if the final merge trail runs went through successfully.

In what is being seen as one of the most significant upgrades in blockchain history, the Merge will significantly reduce Ethereum’s energy consumption while bringing the network one step closer to its long-term scalability, security and sustainability goals.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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