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Wednesday, April 30, 2025

The Merge Was a Success. Crypto Still Has Problems - Bloomberg

All anyone can talk about in crypto is the success of an Ethereum upgrade known as the Merge. But first…
Today’s must-reads:
• Uber is evaluating the damage after a message appeared in the company slack proclaiming “I am a hacker”
• Uber’s breach came the day before its CEO testified at the trial of its former security chief
• An abundance of new video games may not be great news for the industry
Ethereum’s victory lap
The Merge could have been a disaster of epic proportions last week. A failed or buggy overhaul of the Ethereum blockchain would’ve likely crashed digital asset prices, disrupted trading and worsened an already icy crypto winter.
Instead, everything seems to have gone just fine—rivaling an iPhone update in seamlessness. This major win represents a bright spot for the industry at a time when the prices of Bitcoin and Ether remain far below their previous highs, crypto venture capital investing is in decline and regulators are putting digital assets in their crosshairs....



Read Full Story: https://www.bloomberg.com/news/newsletters/2022-09-19/ethereum-s-merge-was-a-...

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