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Ripple CTO: Why Ripple Ledger's Consensus Algorithm is More Reliable and Energy Efficient than PoW
Ripple CTO David Schwartz talks about reasons why Ripple Ledger (XRPL)'s consensus is more reliable and energy-efficient than Proof of Work (PoW) Consensus.
Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants
Power Ledger, a Perth-based energy trading software company, and Powerclub, an Australian electricity wholesaler, have signed a deal to offer households unparalleled authority over their energy usage via a blockchain-based virtual power plant.
Ethereum to Undergo 4 Phases to Tackle the Scalability Issue after Merge
Since the Merge is the first step toward solving the scalability trilemma, Ethereum will have to undergo four more steps to solve this issue.
New York Governor Cuomo signs PoW mining ban
New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22. PoW mining consensus is predominantly used by Bitcoin miners and a few other altcoins. The practice has been marred by controversies over its high amount of energy consumption.
Fed Chair Powell Says Central Bank Will Engage with US Lawmakers On Digital Dollar
Federal Reserve Chair Jerome Powell says it will be up to United States lawmakers whether or not to bring a digital dollar to the market.
ZachXBT's Defamation Lawsuit Receives Over $1 Million in Donations as Prominent Figures Rally Support
In a surprising turn of events, renowned on-chain analyst ZachXBT has exceeded his initial fundraising target, amassing a staggering $1,055,233 in donations, according to Nansen data. This remarkable achievement has been made possible through contributions from various entities and influential figures within the crypto industry.
Two Major Events Will Influence the Bitcoin Price in the Next 24 Hours
Bitcoin and cryptocurrency traders face a moment of pause as they await two major events that will either send the BTC price soaring or cause a major bearish correction.
Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash
While speaking at a virtual payments conference hosted by the Basel Committee on banking supervision, Federal Reserve Chairman Jerome Powell said that central bank digital currencies would need to be complementary to physical cash.
Crypto Alert: Revolutionary DGT Token Community Presale
Tallinn, Estonia, 8 January 2021 DGBLabs OÜ, announces it Community Presale of the DataGrid Token (DGT) for 22nd- 26th January offering a 5% bonus, which is reduced 1% a each day during the sale, on a minimum of one quarter ETH at the price of $.005. Higher Bonus levels available for purchases over 80 ETH. Participants will be required to complete WhiteListing on Blockpass prior to the sale date.
Bhutan Embraces Bitcoin Mining with Green Energy
Bhutan, known for its focus on "Gross National Happiness," has been quietly accumulating and mining Bitcoin with the help of its abundant hydroelectric power. The country is negotiating with Bitdeer to expand its mining operations further.
Australian Blockchain Startup Power Ledger Deploys Blockchain Grid to Audit Renewable Energy
An Australian-based blockchain energy firm has bought a 250kW photovoltaic system, which will use the firm’s new energy data management and settlement system to offer greater transparency on renewable energy sold to consumers.
Buying Pressure Builds up on Ethereum Network, Pushing Price Above $1,300 Amid Merge News
Ethereum (ETH) experienced notable momentum that drove the price above $1,300 after news of the much-anticipated merge made the airwaves.
Polygon Co-Founder Proposes zk-Powered ApeChain
A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.
Microsoft Patents Cutting Edge Human-Powered Crypto Mining System
Microsoft has filed for a patent for a cryptocurrency mining system that will leverage the data collected from people as they interact with advertising or exercise.
US Fed Chair Jerome Powell Grilled Over FedCoin Digital Currency Progress
Federal Reserve chairman Jerome Powell spoke before the US House Financial Services Committee. He was questioned regarding the central bank’s digital currency efforts, China, and Libra. He said that they are working hard on the digital currency.
CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million
CleanSpark, a crypto miner, has purchased 45,000 Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power. The first batch of 25,000 rigs will be delivered in August, with the remainder arriving in September, and they will be installed at a site in Sandersville, Georgia. CleanSpark aims to have 16 EH/s of computing power by the end of the year.
Will Ethereum Merge Trigger a Shift from Selling to Buying Pressure?
DeFi educator Korpi believes the merge of Ethereum will be a game-changer because structural supply will shift to structural buying.
Federal Reserve Holds 0% Interest Rates until 2023, Targets Over 2% Inflation—BTC Price Breaks $11,000
Bitcoin price spikes as Federal Reserve officials of FOMC said they will hold US interest rates close to zero and will continue to push inflation above 2% by 2023.
Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First
Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.
China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town
Government authorities in China have allowed construction to go ahead to increase the capacity of current hydroelectric plants in the Ya'an district of Sichuan, a town popularly known in cryptocurrency circles to be teeming with Bitcoin miners.
Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
Marathon Digital Holdings and Nodal Power are launching a 280 kW Bitcoin mining pilot project in Utah, converting harmful methane emissions into electricity for sustainable mining.
Sweden Prefers Using Electricity for Job Creation Activities than Bitcoin Mining
Sweden is a major Bitcoin mining hub in Europe. The Government is seeking ways to track how much power Bitcoin miners use.
Bitcoin Transaction Fees Soar After Block Reward Halving
Bitcoin transaction fees continue to soar after halving.
Thailand Sees PoW Mining Surge As China Ban Lingers On
As the popular saying goes, one man’s food is another man’s poison, the same can be said of crypto mining which is largely on the rise in Thailand amidst the persistent ban on related activities in China.
Exploring AI Stability: Navigating Non-Power-Seeking Behavior Across Environments
The research explores AI's stability in non-power-seeking behaviors, revealing that certain policies maintain non-resistance to shutdown across similar environments, providing insights into mitigating risks associated with power-seeking AI.
Power Ledger Wikipedia Page Removed By Biased Crypto-Hating Wiki Editor David Gerard
Power Ledger recently became the target of the anti-crypto zealot and Senior Wikipedia Editor David Gerard who argued to delete their Wiki page.
Kyrgyzstan's Rising Tide in Crypto Mining Tax Revenue
Kyrgyzstan's rapidly growing crypto mining industry, leveraging abundant hydropower resources, is emerging as a key player in the global market, contributing significantly to national revenue and promoting sustainable practices.
Ethereum Merge Might Happen in August as Testing Enters Final Round
Speaking at the Permissionless 2022 Conference in Florida, U.S., Ethereum Researcher Justin Drake disclosed that the merge might happen in August.
GitHub Copilot X: The Future of AI-Powered Software Development
GitHub Copilot X is an AI pair programmer integrating into developers' workflow. It offers context-aware conversations, personalized documentation, pull request support, and CLI assistance, aiming to enhance productivity and code quality.
Ethereum Unlikely to Merge in June, Despite PoW Undergoing
The much-anticipated merge will not occur in June as planned, according to Ethereum lead developer Tim Beiko.
Federal Reserve “Flexible” Inflation Monetary Policy Could Boost Bitcoin Price as Investors Stock Up on BTC Safe Haven
Federal Reserve Chair Jerome Powell has announced new measures to control inflation, in a speech that could have long-term implications for the Bitcoin price and cryptocurrency.
ECB Official Advocates Global Regulatory Approach on Digital Currencies
Fabio Panetta, a board member of the European Central Bank (ECB), does not want global regulators to permit the proliferation of digital currencies and their associated risks without curbing them.
HumanCode Collaborates with TON Society to Introduce AI-Powered Biometrics to TON Ecosystem
HumanCode, in partnership with TON Society, has launched an innovative collaboration to bring AI-powered biometrics to the TON Ecosystem. Through a $5 million incentive program, users can now verify their digital identities securely within the TON Ecosystem using palm scanning technology. This initiative aims to provide secure digital identities to millions of Telegram users, ensuring convenience, privacy, and enhanced security.
Citi Believes The Merge Will Make Ethereum a “Yield-Bearing Asset”
Citigroup Inc. or Citi, an American multinational investment bank, disclosed that the merge would make Ethereum (ETH) a deflationary asset. As a result, the second-largest cryptocurrency will become a “yield-bearing asset.”
Majority of American Adults Believe Financial System Favors Powerful Interests, 20% Own Cryptocurrency
80% of American adults believe the financial system favors those with powerful interests, according to a survey by Coinbase. The survey of over 2,000 American adults also found that 67% of respondents called for a major overhaul of the financial system. Despite recent negative news about cryptocurrency, the survey found that 20% of respondents own cryptocurrency, and a third plan to buy, sell or trade cryptocurrency in the next year.
Gemini Launches Crypto Staking Service in US, Singapore, Hong Kong
Gemini said users can start staking MATIC on the Polygon network. The exchange stated that plans to support Ethereum, Solana, Polkadot, and Audius will be launched next month.
White House Suggests Banning Proof-Of-Work Crypto
The Biden administration believes that crypto asset mining consumes a lot of electricity. The White House researchers are urging crypto miners to explore greener alternatives.
Crypto Is Entering the Early Stages of Mainstream Adoption, says Kraken CEO
Jesse Powell, the co-founder and CEO of crypto exchange Kraken, believes that the crypto sector is in its early stages of mainstream adoption.
Federal Reserve FOMC Meeting Inflation Targets Might See Bitcoin Price Retest $10,400 Resistance
Bitcoin traders await the Federal Reserve’s upcoming policy meeting on Wednesday to hear how the United States central bank will enact its inflation policy.
Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage
Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.
First Shadow Fork Launches on Ethereum Mainnet,Transition to PoS Gains Steam
The move from proof-of-work (PoW) to proof-of-stake (PoS) known as the merge attained a landmark achievement after the first shadow fork went live on the Ethereum (ETH) mainnet.
US Fed Aims To Publish Discussion Paper on CBDC This Summer
The US Federal Reserve will issue a discussion paper about CBDC this summer.
Texas Bitcoin Miners Agree to Reduce Power Usage
The crypto miners made the move after ERCOT suggested the need to reduce power consumption.
Federal Reserve Chairman Powell to Address IMF on Digital Currencies Next Week
Federal Reserve Chairman Jerome Powell will be speaking to the International Monetary Fund (IMF) next week as part of a panel on cross-border digital payments.
Cardano Working With SA Blockchain Alliance to Free African Enterprise from Politically Entrenched Legacy Banking Systems
The Cardano Foundation has partnered with the South African National Blockchain Alliance (SANBA) in a bid to expand blockchain adoption and bring financial inclusion to the country of 59 million.
Hard-fork to be Deployed Within 24 Hours of The Merge: Ethereum POW
EthereumPoW (ETHW), the splinter of the proof of work from the Ethereum blockchain, announced its plan to launch a hard-fork mechanism within 24 hours after the Merge.
Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout
The hashrate of various Bitcoin (BTC) mining pools dropped based on the blackout experienced in Northwest China, as acknowledged by pseudonymous Chinese journalist Wu Blockchain.
Governments Will Eliminate Bitcoin, Says Investor Jim Rogers
Will decentralized cryptocurrencies like Bitcoin—that are beyond the influence of Sovereign Governments—be allowed to survive? Not according to American investor and financial commentator Jim Rogers.
Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin
Iran has given power plants the green-light to undertake Bitcoin mining on a large scale as this will spur economic growth from the revenue generated. Nevertheless, interested parties must adhere to various regulations like not using subsidized fuel to extract Bitcoin and other cryptocurrencies.
Binance Charity Donates $100,000 in Georgia to Empower Women through Web3 Education
In celebration of International Women's Day, Binance Charity, the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has announced a $100,000 donation to Georgia's Innovation & Technology Agency (GITA) to support web3 education and training. As a result of the partnership, more than 100 women will be able to study professional courses in Web3 and get support to move into the job market.
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
Binance Launches Mining Pool for ETHW Protocol
Crypto exchange Binance has announced the launch of the mining pool for the Ethereum Proof-of-Work (ETHW) protocol.
ConsenSys Reveals How the Ethereum Network Weathered the COVID-19 Pandemic Market's Flash Crash on Black Thursday
While much debate has raged about the state and action of crypto’s main player Bitcoin, new insights generated using ConsenSys’ analytics suite, Alethio have revealed how Ethereum has endured the evaporation of liquidity in the global markets.
What is Homeworkify?
Homeworkify is an AI-powered educational platform founded in 2023. It's known for assisting students with academic needs, though specific details about its features and plans are limited.
Ethereum's Vitalik Buterin Concerned About Security Risks That Come With High ETH Transaction Fees
By now, it is no secret that Ethereum co-founder Vitalik Buterin and his team are busy perfecting Ethereum 2.0 and preparing it for its official launch.
Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector
Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).
Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft
Malaysian police have shut down two illegal Bitcoin mining operations which had been siphoning power continuously for the past three years.
Kraken Shuts Down San Francisco-based HQ, Blaming for Local Safety
Kraken, the first cryptocurrency exchange to become a bank in the U.S., has shut down its headquarters in San Francisco on grounds, that blaming local safety is hard to run a business.
EU Parliament Committee Rejects Proposal to Limit Proof-of-Work Crypto
The proposal could have limited the use of cryptocurrencies (such as Bitcoin and Ethereum) powered by an energy-intensive computing process known as proof-of-work.
Crypto Venture Capitalist Breaks Down Potential Winners and Losers from Ethereum Merge
Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake, namely the Merge, is approaching. Crypto experts have continued to talk about the impacts associated with such upgrades.
Jesse Powell to Step Down as Kraken CEO
Jesse Powell will remain as executive chairman of the crypto exchange, focusing his time on product development and crypto industry advocacy.
Michael Saylor Lends a Voice to the Revolt Against NY Bitcoin Mining Moratorium
Michael Saylor, the Chief Executive Officer of MicroStrategy Incorporated, has called on New Yorkers to stand up to their Senate’s push to regulate the Bitcoin mining ecosystem in the state.
Crypto Exchange OKX Unveils Precautionary Measures Ahead of the Ethereum Merge
With the Ethereum merge just around the corner, crypto exchange OKX has given a service update that includes suspension of ETH deposits and withdrawals during the much-anticipated event.
Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms
Power plants in Iran are considering supplying surplus electricity to Bitcoin and cryptocurrency mining farms in the nation.
Finality: A Necessary Condition for Blockchain Applications in Finance
Settlement finality is critical in the world of traditional finance. The same applies to decentralized finance built on distributed ledger technologies (DLT).
Tezos Looks Set to Beat Bitcoin In 2020
Minor cryptocurrency Tezos is making serious gains and is on track to rival bitcoin this year.
Transition to PoS will Improve Ethereum Efficiency 2000 Times: Ethereum Foundation
A greener future is expected on the horizon for Ethereum, thanks to the PoS consensus mechanism, which increases the network's efficiency 2000 times more.
PowerGhost: The Mining Malware to Watch in 2020
In Part 3 of the interview, Yeo Siang Tiong, General Manager for Southeast Asia, Kaspersky shared with us the state of cryptocurrency mining malware and he believed we should watch out for Powerghost in 2020! Yeo also explained the cybersecurity solutions of Kaspersky on quantum computing.
Bitcoin Falls to $60K amid a Sharp Drop in Hash Rate and Turkey's Crypto Payment Ban
Bitcoin fell below the $61K level for the first time today due to the decline in hash power of Chinese mining pools and the ban on cryptocurrency for the purchase of goods and services proposed by the Turkish government.
Galaxy Digital CEO Says Powell’s 2nd-Term at US Fed Reserve Could Hurt Crypto Market
Mike Novogratz talked about critical impacts on the crypto market following Jerome Powell’s reappointment as Federal Reserve chairman.
Hungarian Central Bank Governor Advocates EU Wide Crypto Ban
The Governor of the Hungarian Central Bank, György Matolcsy, recommended that all cryptocurrency-focused activities including trading and mining should be banned across the European Union.
eBay Acquires AI-Powered Digital ID Prvoder Certilogo
eBay Inc., a global commerce leader, has announced the completion of its acquisition of Certilogo, an AI-powered provider of digital IDs and authentication for apparel and fashion goods. This move is set to bring new, 'Secure by Design' digital ID technology to eBay's fashion category, expanding opportunities in the circular economy.
ETH Merge Will Propel Narrative of Cryptos Being Eco-Friendly: Head of Sales at Moneycorp
Once Ethereum shifts to a PoS consensus mechanism, validators will replace miners in the confirmation of blocks because they will use the staked Ether. As a result, prompting a more cost-efficient and environmentally friendly approach.
Understanding ETH/BTC Rate - Key Factors and Price Predictions
Bitcoin and Ethereum, the top cryptocurrencies, show unique market responses due to their distinct uses and supply methods. Their volatility and correlation patterns offer insights into the crypto market dynamics.
BookBlocks Plans to Launch NFT Series to Fund Afghanistan Women's Education Drives
BookBlocks, a Non-Fungible Token (NFT) startup is set to empower Afghanistan’s girls and women in the fight for the girl child education.
Crypto Mining May be Sacrificed as EU Continues to Battle Energy Crisis
With the energy crisis in the EU, member countries may be mandated to halt crypto-mining activities
Jerome Powell Renominated as the Next Federal Reserve Chairman
President Joe Biden has renominated Jerome Powell for a second term as Federal Reserve chairman and also appointed Fed Governor Lael Brainard as vice-chairperson.
China Accounts for 65 Percent of Bitcoin’s Hash Power, New Research Reveals
An interactive map published by the University of Cambridge’s Alternative Finance Center (CCAF) revealed Chinese miners accounted for 65 percent for the global hashing power used by Bitcoin. The CCAF tracked mining data for over a year from websites like BTC.com, ViaBTC, and Poolin, with the premier university claiming the map is the first-of-its-kind effort in visualizing hash power data by geography.
Bitcoin Cash ABC (BCHA) Stays Afloat and Is Up 70%, Will The Blockchain Fork Make It?
Despite being blocks behind Bitcoin Cash Node after the split from Bitcoin Cash, lead developer Amaury Séchet’s Bitcoin Cash ABC (BCHA) has up to now survived.
Aspen Creek Launches First Solar-Powered Bitcoin Mining Facility in Colorado
Aspen Creek said it was formed with a simple premise to develop a sustainable source of renewable energy to power its operations and put renewables back on the grid.
Exclusive from Hedera Hashgraph CEO: Hashgraph is BFT, Blockchains are not
In this second part of our exclusive interview with Mance Harmon, CEO and Co-Founder of Hedera Hashgraph, we discuss the Hashgraph’s unique consensus mechanism, Hedera Hashgraph 2.0 and why the hashgraph is ACID compliant while blockchains are not.
Ethereum Hits a Monthly High above $1,500, Merging Events Continues Engulfing the Market
Ethereum returned to levels last seen in June based on renewed momentum following the popping up of the merging events.
New Money Theory: Understanding the Fundamental Internal and External Factors of Money
Money has always had a fundamental influence on the development of the world and society's values. Money is a major incentive for our economic society. Everybody knows the importance of money, but how money is created and achieves its value still remains a mystery for most people.
Ethereum's Switch to Proof-of-Stake Will be 'Substantial' to the Industry, Binance Research Suggests
Binance’s latest research report published on Oct. 28 stated that Ethereum’s upcoming switch to Proof-of-Stake (PoS) from Proof-of-Work (PoW) is expected to take a ‘most substantial’ portion of the crypto market’s attention.
Ripple CEO Says Bitcoin PoW Energy Use Makes Square Target of Biden’s Climate Change Agenda
Ripple CEO thinks Bitcoin’s PoW energy consumption makes public companies who invested heavily in BTC, like Square, potential targets of Joe Biden’s climate change agenda.
Blockstack Breaks New Ground with Proof of Transfer (PoX) Consensus Mechanism, like PoS Without the Risk
Blockstack recently released a white paper for a new blockchain consensus mechanism called Proof of Transfer (PoX). The mechanism is for blockchains piggybacking off the Bitcoin blockchain or other PoW networks, and would require miners to commit BTC to secure the block rather than proof of work.
Why the proof-of-work chain is a solution to the Byzantine Generals' Problem
Why the proof-of-work chain is a solution to the Byzantine Generals' Problem
Ethereum Founder Vitalik Buterin Says Layer 2 Scaling Solution Has ‘Basically’ Succeeded
Ethereum has been seeing an upward trend, and demand may increase further in anticipation of the upcoming ETH 2.0 update expected in Q3 2020. Ethereum is scheduled to undergo a major change of its consensus mechanism, transitioning from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum has been expecting its scaling to occur for some time, and according to Ethereum’s creator, Vitalik Buterin, it could already be happening. Vitalik Buterin recently tweeted that the Ethereum blockchain network’s “layer 2 strategy has basically succeeded.”
Ripple’s CEO Argues XRP Decentralization: Are Bitcoin and Ethereum Really Controlled by China?
The Ripple team has countered the SEC's decentralization argument claiming that Bitcoin is controlled by China as a result of the mining pool concentration. Is this true?
More Than 700,000 ETH Staked for Ethereum 2.0 Launch
The amount of Ethereum (ETH) locked up in the smart contract needed to transition to a proof-of-stake protocol from the current proof-of-work has surpassed the 700,000 mark.
Google’s Quantum Technology Could Satiate Proof-of-Stake Detractors
Google’s newly achieved ‘Quantum Supremacy’ computing technology has been marked for some surprising applications in the cryptocurrency space. According to one researcher on the project, the technology could enhance the proof-of-stake (PoS) algorithm.
Proof-of-Stake Founder Sunny King, on his Crypto Journey Inspired by Elon Musk and Steve Jobs
In the recent conversation with CoinMarketCap, Proof-of-Stake Founder Sunny King revealed how his crypto journey is inspired by Steve Jobs and Elon Musk! He also debunked the myth that energy consumption contributes to the intrinsic value of cryptocurrencies.
WEF Launches Blockchain Proof of Concept to Track Supply Chain Greenhouse Gas Emissions
The World Economic Forum’s Mining and Metals Blockchain Initiative has launched a unique proof of concept to track greenhouse gas emissions across the value chain.
Is Ethereum's Move to PoS Really an Upgrade?
Proof-of-Work is a solution to the Byzantine Generals' Problem. Ethereum's move to PoS looks more like a downgrade into previous solutions that Satoshi Nakamoto tried to avoid.