The seizure by the U.S. Department of Justice of $3.6 billion worth of Bitcoin (BTC) lost during the 2016 hack of Bitfinex’s cryptocurrency exchange has all the ingredients of a Hollywood film — eye-popping sums, colorful protagonists and crypto cloak-and-dagger — so much so that Netflix has already commissioned a docuseries. But, who are the unsung heroes in this action-packed…
Adult film star Lana Rhoades is being criticized for her non-fungible token (NFT) project called “Cryptosis,” after $1.5 million of ethereum from the mint was withdrawn from the project’s wallet. The crypto withdrawal took place after Rhoades told her fans that the NFTs would be a “lucrative investment for holders,” and following the community disapproval, the porn star deleted her…
A DAO empowers its community members with voting rights and allows investors to send, receive and store value globally, automatically and anonymously. For years, automated systems have been viewed as a way to reduce annoying hurdles to humans, such as dealing with lengthy and burdensome traditional bureaucratic systems. A DAOs’ purpose is to primarily to help resolve such issues and…
In brief Startups and tech giants alike are making displays designed for NFT artwork. The NFT market hit $25 billion in trading volume in 2021, per DappRadar. Whether it’s a Bored Ape or a Beeple, many NFT owners are proud of their digital collections and want to show them off to the world. The beauty of digital artwork is that…
Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange rates. Ethereum Burn Rate Inches…
As public understanding of how digital assets work becomes more nuanced along with the mainstreaming of crypto, the language of Bitcoin’s (BTC) “anonymity” gradually becomes a thing of the past. High-profile law enforcement operations such as the one that recently led to the U.S. government seizing some $3.6 billion worth of crypto are particularly instrumental in driving home the idea…
The largest European military conflict since World War II is raging in Ukraine, and Bitcoin could shape the outcome. In the words of the Washington Post, the battle between Russia and Ukraine is “the world’s first crypto war” as both sides discover the advantages of a borderless, permissionless currency. People around the world have already donated millions to NGOs…
Bitcoin and ethereum were both higher to start the weekend, as markets seem to have discounted recent volatility. BTC momentarily passed the $40,000 level, with ETH moving towards $2,800. Bitcoin As of writing, cryptocurrency markets are up by over 3% on Saturday, with bitcoin trading close to 1% higher to start the weekend. This comes following a low of $38,416.53…
In a previous article, I wrote about the nature of decentralization versus centralization in Bitcoin mining and how to conceptualize that in a mostly qualitative sense. The article broke down the entire mining stack, from pool coordination all the way down to energy production to give a sense of the relationship between different layers of the mining stack and the…
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted that Europe should move quickly…
