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EU Moves to Ban Bitcoin to Meet Energy Goals – Report
31.1.2024
Source: Pixabay A recent report has indicated that Proof-of-Work (PoW) consensus networks, like Bitcoin, may be banned in the European Union (EU). Daniel Batten, a managing partner at CH4 Capital, shared on his X (formerly Twitter) handle that the European Central Bank (ECB) and European Securities...
Worldcoin to Redesign Iris Scanning Orb
27.1.2024
Worldcoin will change the design of the Orb, the device used for scanning the irises of users as proof of personhood for the project, to be more friendly and less polarizing. Alex Blania, CEO and co-founder of Tools For Humanity, the company behind Worldcoin, stated that the next iteration would...
EchoLink Launchpad on LBank Ends With Over 130M USDT in Investment, $ECHO Set for Listing
25.1.2024
PRESS RELEASE. Following the triumph of its third Launchpad initiative with ACGN Protocol, LBank has accomplished yet another milestone by concluding its fourth Launchpad event featuring EchoLink. This innovative project marks a significant breakthrough in Decentralized Physical Infrastructure...
Polygon (MATIC) Competitor Pandoshi (PAMBO) Raises $2 Million in Presale
24.1.2024
A new decentralized finance (DeFi) platform, Pandoshi (PAMBO), is creating quite a stir in the crypto community. This multi-faceted ecosystem has raised an impressive $2 million in its ongoing presale, showcasing its vast potential in the DeFi space. Powered by a Layer 2 network and...
Gate.io’s Proof of Reserves Report Reveals $4.3B in Assets with 115% Reserve Ratio for 171 Assets
24.1.2024
Jan. 24th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest...
Gate.io’s Proof of Reserves Implementation Passes Hacken’s Security Audit
22.1.2024
Hacken Finds Gate.io’s PoR ‘Contributes Significantly to the Field’ Jan 22nd, Panama – Gate.io, a leading crypto exchange and Web3 innovator, announced that its latest Proof of Reserves (PoR) methodology passed a comprehensive security review conducted by Hacken, a pioneer...
Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
21.1.2024
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations. 2022 to 2024 Sees...
MetaMask Plugin Connects Hedera Network with 30 Million Monthly Users
16.1.2024
Source: AdobeStock / bilal ulker The MetaMask Snaps plugin, which provides access to the popular MetaMask wallet’s 30 million monthly active users, is now available on the open-source, proof-of-stake network Hedera. This Hedera Wallet Snap plugin, built by Tuum Technologies, enables...
Distributed Validator Technology More Primed to Overcome the Ethereum Validator Overload Challenge – Alon Muroch
14.1.2024
While the Ethereum network’s migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network overload. The Promise...
Unlimited Innovations vs. 2,500 Swimming Pools — AI Faces Similar Environmental Backlash as Bitcoin Mining
29.12.2023
In recent years, attention has centered on bitcoin mining, particularly its energy usage in securing the network and validating transactions through proof-of-work (PoW). As generative artificial intelligence (AI) emerges as a major force in technology, it’s encountering similar environmental...
Vitalik Buterin Proposes Simplified Ethereum Proof of Stake Design
28.12.2023
Source: DALL·E Ethereum co-founder Vitalik Buterin has proposed three alternative methods aimed at simplifying the Ethereum blockchain’s proof of stake design. This initiative, according to Buterin’s latest blog post, is intended to address a potential systemic complexity within...
Worldcoin (WLD) Launches World ID 2.0 with Iris Scanner Orb Authentication in Singapore
27.12.2023
Source: Pixabay The global project focused on digital identity and finance, Worldcoin (WLD), has recently introduced World ID 2.0 in Singapore, in the latest sign of growing global interest in proof of personhood and the Worldcoin project, allowing users to verify their humanness at an Orb....
ETHW Core Team Dissolved Just Weeks After Pleading for Funds to Maintain Servers
20.12.2023
The Ethereum Proof of Work (ETHW) core development organization has been dissolved to help the protocol achieve full autonomy. In late November, the ETHW team pleaded for $200,000 in funding to maintain servers and recruit part-time engineers. ETHW Core team’s development approach has been...
EthereumPOW Core Team Disbands to Achieve Full Decentralization as OneDAO Provides Transitional Support
19.12.2023
The EthereumPOW core team is disbanding to achieve decentralized governance, with OneDAO providing temporary support. Image by Sergey Nivens, Adobe Stock. The core development team behind the proof-of-work (PoW) fork of Ethereum announced on Tuesday its decision to dissolve EthereumPOW’s...
Ethereum (ETH) vs Retik Finance (RETIK), how will these two giants perform in 2024?
19.12.2023
The cryptocurrency landscape is constantly evolving, with new projects and innovations emerging to challenge the established giants. In this article, we’ll delve into the performance expectations for Ethereum (ETH) and Retik Finance (RETIK) in 2024, exploring their unique features, potential...
Blockstream CEO Adam Back: Bitcoin ETFs Could Propel Price to $100,000
18.12.2023
Image Source: LinkedIn Blockstream CEO Adam Back believes 2024 could mark a period of resurgence for Bitcoin (BTC), propelling the leading cryptocurrency towards $100,000. In a recent interview, the renowned cryptographer and the pioneer of the proof-of-work algorithm used in Bitcoin’s...
Flux delivers Proof of Useful Work (PoUW) and FluxCore
12.12.2023
Flux has developed Proof of Useful Work and FluxCore, its client application, as a result of taking into account the many aspects of Proof of Work technology. According to NiceHash, a platform focused on Bitcoin, Daniel Keller, co-founder of Flux, has been conducting extensive research...
Ether Supply Hits Lowest Level Since Shanghai Upgrade, Decreasing by Over 309,500 Coins
12.12.2023
Source: Adobe The supply of Ether has hit a new low since the historic Shanghai upgrade of the Ethereum (ETH) network, witnessing a decline of more than 309,500 coins since September last year. According to data from Ultra Sound Money, nearly 1.195 million ETH have been burned since the transition...
Green Bitcoin (GBTC) Price Prediction – 2023 – 2030
8.12.2023
Green Bitcoin ($GBTC) is a multi-use cryptocurrency that allows investors to earn rewards while making predictions on the future price of Bitcoin. The platform follows a more sustainable model – deployed on Ethereum’s proof-of-stake (PoS) consensus. This Green Bitcoin price prediction guide...
US Defense Department Urged to Integrate Bitcoin to Maintain Superpower Status
5.12.2023
A U.S. Space Force major has urged the Department of Defense to integrate Bitcoin as an “offset” strategy. Emphasizing that “Integration of this technology could revolutionize national defense strategies in cyberspace,” he stressed: “Addressing this could be vital...