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Hut 8's 'Ferrari of GPUs' Ready for Ethereum's PoS Move, Miner Open to M&A
3.2.2022
Contrary to smaller Bitcoin (BTC) and crypto miners, Canada-based Hut 8 would not be "really affected" by Ethereum (ETH)'s move to the proof-of-stake (PoS) consensus mechanism, as the miner is ready "no matter what," Sue Ennis, Vice President (VP) of Corporate Development and Investor Relations...
PoS validator turns down IRS tax refund offer, pushes for clear policy on staking taxation
3.2.2022
The Tezos validator who took the IRS to court argues that staking rewards should be treated as created property rather than income
Report crowns Solana for using least energy per transaction, but there's a catch
3.2.2022
Despite Solana’s low power consumption per transaction, the PoS network still uses much energy overall compared to other PoS protocols
Ethereum Founder Confirms DOGE Shifting to Proof-of-Stake
2.2.2022
Dogecoin recently announced working with Vitalik Buterin to bring proof-of-stake to the network. The Ethereum founder confirmed the news, stating that the meme coin will complete the shift for its new community staking system. Elon Musk, the world’s richest man, owns Dogecoin and tweets about...
Ethereum.org Shifting from 'ETH 1' and 'ETH 2' to 'Execution Layer' and 'Consensus Layer'
25.1.2022
Ethereum.org will stop using the conventional "ETH1" and "ETH2" terms when referring to the phases of Ethereum (ETH)'s development -- instead adopting the use of "execution layer" and "consensus layer."...
Read More: Ethereum.org Shifting from 'ETH 1' and 'ETH 2' to 'Execution Layer'...
Team Proof-of-Work Educates Lawmakers at Bitcoin Mining Hearing in US
21.1.2022
Questions ranged from whether Bitcoin (BTC) could potentially transition to a proof-of-stake (PoS) consensus mechanism, to whether crypto mining can be considered “wasteful,” as lawmakers in the US House of Representatives discussed the energy impact of crypto mining during a hearing...
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.”