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Yield App Passes ‘Proof of Reserves’ Audit to Bolster Safety and Accountability of Deployed Digital Assets
31.3.2022
PRESS RELEASE. Yield App, one of the rising and most trusted digital wealth platforms, recently underwent a thorough ‘proof of reserves’ audit. The inspection was conducted by Armanino LLC, the firm responsible for auditing Kraken – one of the largest and most trusted...
Buterin Claims Ethereum Simplicity is Still Possible, as Developers Warn of Increasing Complexity
30.3.2022
Ethereum (ETH) co-founder Vitalik Buterin has said it is still possible to reduce Ethereum's complexity while improving its functionality. The statement comes as some developers have recently complained about Ethereum's complexity. ...
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Axie Infinity’s Ronin Hack Exposes Risks of Proof-of-Stake and Centralization – Analysts
30.3.2022
The recent hack of Axie Infinity’s Ronin bridge reveals how proof-of-stake (PoS) chains still struggle with a fundamental flaw in their design, with speed and energy efficiency prioritized over security, an analyst at crypto exchange Huobi has said....
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Ripple’s Larsen Teams Up With Greenpeace & Co to Spend USD 5M on Recycling Bitcoin Mining FUD
29.3.2022
One of Ripple’s top executives has stoked the ire of the Bitcoin (BTC) community again, with a fresh assault on the way the network operates and its supposed environmental impact.
After last year launching what miners tagged “the stupidest idea” of 2021, suggesting that the Bitcoin protocol...
European Union’s MiCA Proposal Progresses to Trilogue Stage Without Bitcoin Ban Provision
27.3.2022
The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU’s legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft...
EU Institutions to Continue MiCA Discussions Without Bitcoin Mining Ban Proposal
25.3.2022
As the European Parliament continues its work on the crypto-focused MiCA regulation, Stefan Berger, a German member in charge of shepherding the legislation, has announced that his mandate to lead inter-institutional talks on MiCA was not scrapped -- thus advancing the regulation towards...
Ethereum Staking Sees Accelerating Growth Ahead of Merge
25.3.2022
Staking of Ethereum’s native ETH tokens is accelerating ahead of ‘the Merge,’ with more than 9% of the entire supply of ETH now locked in staking protocols. Meanwhile, exchanges are being depleted of their ETH supply, as more investors are taking their tokens into their own custody and staking...
DigitThree Labs Partners with LCX Exchange for Proof-of-Concept Deal
25.3.2022
LCX Exchange is partnering with DigitThree Labs to form a formal agreement for Proof-of-Concept. Through this partnership, LXC Exchange will drive forward its DGMV Authenticator, which is tentatively scheduled for a rollout in the coming days of 2022. Background LCX, as a platform, allows its users...
Coinbase Now Allows Cardano Staking Services, Firm ‘Plans to Continue to Scale Staking Portfolio’
24.3.2022
On March 23, the cryptocurrency exchange Coinbase announced the platform will now allow cardano staking services. The company’s senior product manager Rupmalini Sahu mentioned that cardano is one of the top ten crypto assets by market cap and its proof-of-stake (PoS) blockchain “seeks...
MiCA Could Still Be Delayed by EU Parliamentarians Over Proof-of-Work Provision
23.3.2022
EU parliamentarians that supported the controversial provision seeking to limit proof-of-work crypto could make one last stand if the MiCA draft goes for a full parliamentary vote
Ethereum Classic Jumps 54% In a Week, But History Shows That the Rally May Not Last
21.3.2022
The price of Ethereum classic (ETC), the project that split from Ethereum (ETH) after a hack in 2015, jumped over the weekend, supported by strong technicals in the chart and speculation that some Ethereum miners could embrace it.
As of 12:10 UTC on Monday, ETC traded at USD 39.03. The coin...
EU vote on Bitcoin mining: What does it mean for the industry?
21.3.2022
A win in the European Parliament, but will mining rules have to change? “Eventually, only PoS will be adopted by blockchain applications.”
Vitalik Buterin talks crypto’s perils in Time Magazine interview
18.3.2022
The “prince of crypto,” as Vitalik is referred to in the magazine, said the cryptocurrency industry has an image problem
Ethereum Devs Implement Merge Testnet Kiln, Testing Ground Expected to Be the Last Before PoS Transition
17.3.2022
After implementing the merge testnet Kiln, Ethereum is seemingly getting closer to transitioning to a full proof-of-stake (PoS) network. According to developers Kiln’s execution layer was initially launched leveraging proof-of-work (PoW) and since March 15, Kiln is running entirely under...
BNDES Director Offers New Insights on Development of Brazilian Blockchain Network
16.3.2022
Gladstone Arantes, a director of the Brazilian Development Bank (BNDES), gave new details about the progress of the Brazilian Blockchain Network, a project that has been in development since 2018. The network will be created on top of the Hyperledger Besu 2.0, which uses a proof-of-authority...
Ethereum Moves Higher Against Bitcoin on a Wave of Positive News
16.3.2022
The price of ethereum (ETH) has outperformed bitcoin (BTC) over the past 24 hours, after news emerged that a final testnet has gone through the steps necessary for transitioning Ethereum to its planned proof-of-stake (PoS) system....
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Bitcoin & Crypto Miners Set to Face Fresh EU Scrutiny After Rejected Proof-of-Work Ban
15.3.2022
The European Union still has its sights set on bitcoin (BTC) and ethereum (ETH) miners – despite rejecting a proposed rule that would have effectively banned proof-of-work (PoW) mining across the union....
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EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets
14.3.2022
European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects...
Bitcoin and Ethereum Get Support in EU, Ban Idea Rejected
14.3.2022
Stefan Berger, a member of the European Parliament in charge of shepherding the MiCA regulation, confirmed that the European Parliament Committee on Economic and Monetary Affairs (ECON) rejected a suggestion that could ban proof-of-work consensus protocols such as Bitcoin, Ethereum, in...
Proposal Limiting Proof-of-Work Is Rejected in EU Parliament Committee Vote: Sources
14.3.2022