While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, it will be 50% more…
A non-fungible token (NFT) is an unique and non-interchangeable unit of data a digital ledger (blockchain). NFTs can be associated with easily-reproducible items such as pictures, videos, audio, and other types of digital files as unique items ( to a certificate of authenticity), and use blockchain technology to offer the NFT a validated and public proof of ownership. Copies of…
A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A total of 750 BTC, worth…
The below is a direct excerpt of Marty’s Bent Issue #1111: “Taproot activation is upon us.” Sign up for the newsletter here. via Clark Moody’s Dashboard It’s been a minute since we talked about taproot in this weird dark corner of the Internet. As of right now, we are 321 blocks away from the much awaited for upgrade being activated.…
The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining…
In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen since Segregated Witness (Segwit) went…
In brief Music producer Timbaland has launched Ape-In Productions, which will create music and animation around user-owned Bored Ape Yacht Club NFT avatars. The company will release its first single from a virtual hip-hop group called TheZoo next week, alongside its first NFT collectible. One day after major record label Universal Music Group announced plans to create a virtual metaverse…
MyEtherWallet, or MEW, launched its first NFT collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the blocks data. These NFTs are available exclusively to MEW users via the MyEtherWallet website. A number of blocks have already been claimed, according to the company. Ethereum‘s founders…
Early investors in metaverse plays are today reaping large rewards, including the biggest asset manager in crypto, Grayscale. Grayscale CEO Michael Sonnenshein, who spoke at the Decrypt and Yahoo Finance Crypto Goes Mainstream event earlier this week, said the firm has seen strong receptivity to its Grayscale Decentraland Trust as a passive way for investors to get exposure to the…
Any of U.S.-based crypto exchange Coinbases roughly 68 million verified users can now more easily make information on their portfolio public. According to a Nov. 12 Coinbase blog, senior product manager Rishav Mukherji said the crypto exchanges app now includes a feature which shares a users allocation percentage not balances to their network of friends. He said this would just…
