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Watch Mining Hearing Live: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers
20.1.2022
Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency...
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
20.1.2022
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says....
Time to Ban Proof-of-Work Mining in EU, Move to Proof-of-Stake, Says Securities Regulator
19.1.2022
A leading EU financial regulator wants the union to “ban” proof-of-work (PoW) crypto mining and force tokens into proof-of-stake (PoS) paradigms, while the EU itself and the traditional finance sector are reportedly less environment-friendly than Bitcoin (BTC) when it comes to electricity...
Misleading Memo for US House Hearing on Bitcoin & Ethereum Mining Includes 'Basic Errors'
18.1.2022
A hearing on crypto mining scheduled to take place in the US House of Representatives Committee on Energy & Commerce this week is already raising alarms in the crypto industry as a pre-published memo revealed what some called “basic errors” in lawmakers’ understanding of the field....
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Vitalik Buterin Over the Past Decade: How Right or Wrong Was He?
3.1.2022
Ethereum (ETH) co-founder Vitalik Buterin has summarized his crypto-related predictions over the last decade, revisiting his past stances towards various subjects and making a verdict on whether he now thinks he was right or wrong. ...
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Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High
28.12.2021
20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs....
Dogecoin Foundation Says It’s Working With Ethereum’s Vitalik Buterin on a Staking Concept
25.12.2021
According to the Dogecoin Foundation, the organization is working with Vitalik Buterin on constructing proof-of-stake (PoS) capabilities for the Dogecoin network. The “uniquely Doge proposal” is aimed at bolstering a “community staking” version of the protocol. Dogecoin...
Dogecoin Foundation works with Ethereum co-founder on DOGE staking
24.12.2021
The new DOGE PoS version aims to allow anyone to get rewards for their contribution to running the network
Crypto exchange Kraken acquires non-custodial staking platform Staked
21.12.2021
Kraken said its staking business had grown by more than 950% since the beginning of the year to reach $16 billion in November
Another Step Towards ETH 2.0: Ethereum Devs Ask the Community to Test on Kintsugi Testnet
21.12.2021
The Ethereum (ETH) blockchain's Kintsugi Testnet is now live, allowing users to test and prototype the merge of proof-of-work (PoW) with the beacon chain proof-of-stake (PoS) system....
Read More: Another Step Towards ETH 2.0: Ethereum Devs Ask the Community to Test on Kintsugi Testnet
DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns
17.12.2021
People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned....
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Inside the blockchain developer’s mind: Proof-of-stake blockchain consensus
12.12.2021
Gaining a deeper understanding of a popular — but widely misunderstood — concept in blockchain technology: the consensus algorithm
Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap’ Addressing Scalability
11.12.2021
In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming...
Ripple chair's pay-off plan to convince BTC miners to adopt Proof of Stake
10.12.2021
Billionaire Chris Larsen said that miners should view the move away from PoW as “a net positive for their longevity.”
Watch: 6 Crypto CEOs Testify About Threshold Issues, Bitcoin Mining, and More
8.12.2021
US lawmakers should take steps to bring crypto-related activities into the regulated financial system, while also developing a “national policy for a decentralized Web 3” as they did for Web 1 in the 1990s, Brian Brooks, CEO of Bitcoin (BTC) mining firm Bitfury, wrote in a testimony ahead of...
Bank for International Settlements States True Decentralized Finance Is an ‘Illusion’
8.12.2021
The Bank for International Settlements (BIS), a finance organization comprised of several central banks, has stated that while the objective of decentralized finance is to move control of financial tools away from current financial institutions, it just provides an ‘illusion’ of doing...
Delaying the Ice Age — Ethereum Network Participants Prep for Upcoming Arrow Glacier Upgrade
7.12.2021
The Ethereum network will be undergoing a scheduled upgrade soon called “Arrow Glacier,” a change that aims to mimic the “Muir Glacier” upgrade. Essentially, Ethereum’s Arrow Glacier changes the parameters of the network’s Difficulty Bomb delay to June...
Coinbase adds 'ETH2' despite tomorrow's Ethereum upgrade postponing difficulty bomb
7.12.2021
But ETH2 is not a new cryptocurrency and the exchange appears to be prepping for Ethereum's transition to Proof-of-Stake
Ethereum Developer Calls for the Community to Test the Merge
1.12.2021
An Ethereum (ETH) developer has called onto the community to help test the so-called Merge – Ethereum mainnet "merging" with the beacon chain proof-of-stake (PoS) system – and the new program’s start seems to have been a success.
“Ethereum needs you to test the Merge,” urged the meme accompanying...
Pocketcoin (PKOIN) Is Now Available for Purchase With Visa/Mastercard and 19 Different Cryptos
30.11.2021
Pocketcoin (PKOIN) is a Proof-of-Stake token that is used decentralized advertising, boosting posts and featuring comments on the decentralized crypto social platform Bastyon․com. PKOIN also gives users specific privileges while using Bastyon․com social platform and is used for node...