The Latest Breaking News from Vitalik Buterin

A major software upgrade to the Ethereum blockchain aimed at drastically reducing its energy usage has been completed, Vitalik Buterin, Ethereum inventor and co-founder said on Thursday.

The much-anticipated transition to Ethereum 2.0 is set to start on the Ethereum blockchain.

If successful, the event that is commonly known as the Ethereum Merge is expected to make Ethereum transactions faster.

Traders are expected to return to their desks after an event-filled, long Labor Day weekend. The market is still grappling with economic and geopolitical worries, and any incoming news and/or data could influence investor sentiment. Here's a recap of a few major headlines that hit the wire over the weekend.

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SAN FRANCISCO: The cryptocurrency industry has endured a terrible year. A devastating crash wiped nearly $1 trillion from the market, draining the savings of thousands of people. Several companies filed for bankruptcy.

CNBC

Ethereum has been through 4 major governance crises centered around Vitalik Buterin’s insistence to make Ethereum a non-profit organization. As a non-profit organization, Buterin believes that many capitalist-driven disincentives can be avoided – leading to a more decentralized, aligned, and powerful blockchain network. 

Dogecoin (CRYPTO: DOGE) traded 4.3% lower at $0.07 in the early hours of Tuesday. DOGE declined in tandem with other major coins as the global cryptocurrency market cap fell 3.1% to $1.05 trillion at press time.

A third of respondents to Galois Capital’s survey believe that Ethereum (CRYPTO: ETH) will fork into two blockchains following the Merge to Proof-of-Stake (PoS).

Here's a recap of a few major headlines that hit the wire over the weekend.