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Crypto markets appeared to be in suspension on Wednesday as traders awaited the Ethereum blockchain’s historic Merge – the network’s transition to proof-of-stake (PoS) network, expected to take place in about 12 hours.

The Ethereum blockchain, the largest behind bitcoin, is about to undergo the beginnings of a major upgrade. Dubbed the “merge,” Ethereum is switching to a more energy-efficient method of validating transactions that take place on the platform, known as proof of stake.

Cryptocurrency transactions in Indonesia hit $60 billion last year, according to the country’s commodities futures trading agency. Crypto exchange and marketplace Reku has been riding the wave with what it says are the lowest fees on the market, and a platform that is aimed at both newcomers and experienced traders. Today, the startup, founded in 2017, announced it has raised $11 million in Series A funding, led by AC Ventures (ACV) with participation from Coinbase Ventures and Skystar Capital.

The U.K. wants to "become the country of choice for those looking to create, innovate and build in the crypto space," Economic Secretary to the Treasury Richard Fuller said in the first Westminster crypto debate on Wednesday.

Sept 9 (Reuters) - The U.S. securities regulator will set up two new offices to deal with filings related to crypto assets and the life sciences sector, the agency said on Friday.

The bitcoin price, up almost 10% on this time last week and back above the closely-watched $20,000 level, has rallied despite multiple price crash warnings. The price of other top ten cryptocurrencies—including ethereum, BNBBNB +1.1%, XRPXRP +0.5%, solana, cardano and dogecoin—have also surged as ethereum's long-awaited upgrade gets underway—something some think could be disastrous for bitcoin.

The crypto industry has grown tremendously over the past couple of years, and one of its biggest drivers is the GameFi industry. GameFi — a portmanteau of gaming and finance — enables gamers to earn rewards while playing.The market has been growing steadily and presently has a token market cap of approximately $9.2 billion. Notably, GameFi

Imagine having to change the engine of a spaceship mid-flight. A similar task is facing Preston Van Loon and a few dozen more developers working on a critical software upgrade to Ethereum, the blockchain underpinning thousands of decentralized applications and ether, a cryptocurrency with a $204 billion market capitalization.

Wall Street investment firm Bernstein last week listed seven predictions that could reignite growth in crypto.

Global investments in cryptocurrency companies pulled back to $14.2 billion in the first half of 2022 from a record $32.1 billion last year, a slowdown that’s expected to continue, according to a new report from global audit and consulting firm KPMG.