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.
Now the industry is fixated on a potential saving grace: a long-awaited software upgrade to the most popular cryptocurrency platform, ethereum, which provides the technological backbone for thousands of crypto projects. The upgrade - known as the Merge - has gained near-mythical status after years of delays that left some insiders questioning whether it would ever happen.
But if all goes according to plan, the Merge will take place around Sept. 15, more than eight years after it was initially discussed. The change would shift ethereum to a more energy-efficient infrastructure, addressing the widespread criticism that crypto's climate effect outweighs its possible benefits. And it would lay the foundation for future upgrades to reduce the hefty fees required to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...