A panel moderated by the managing editor of Blockworks, Michael Bodley, focused on how to onboard retail into bitcoin at scale. The panel had an array of experienced speakers such as Johnny Ayers, Aparna Chennapragada, Tushar Nadkarni and Tom Pageler, all with clearly defining specialties in approaching retail. The conversation focused on user experience and accessibility, and also discussed the…
Mining pools are important to the Bitcoin ecosystem because they allow small bitcoin miners to collect rewards for their hash rate. Small-time miners are very unlikely to find a block and receive the block reward on their own. Mining pools improve the chances of miners finding a block because the pool groups the hash rate of all the miners in…
In brief Many have worried about Russia using crypto to get around U.S. sanctions. Treasury Secretary Janet Yellen says there’s no evidence this is happening on a large scale. Since the U.S. introduced fresh sanctions on Russia in response to its February 24 invasion of Ukraine, prominent political figures and armchair observers alike have been asking whether cryptocurrency would allow…
On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol. Anchor rate is now available to 30M+ binance users The anchor yield of…
Computer scientist and cryptographer Nick Szabo spoke on the Bitcoin 2022 conference’s main stage on Wednesday to shed light on the history preceding the invention of Bitcoin. Unbeknownst to many, Bitcoin represents the culmination of decades of research on cryptography, freedom, and privacy. “Bitcoin can operate seamlessly…as well as bank the unbanked [because of] the fact that Bitcoin secures itself…
According to findings stemming from a report published by Arcane Research, Bitcoin’s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners’ share of Bitcoin’s hashrate is roughly 19% today, up 3% since January 2021. Publicly Listed Bitcoin Miners Continue to Grow, Public Miners Expand Capacity Much…
Bitcoin (BTC), the entire crypto sector and the S&P 500 index are correcting on April 6, which highlights the tight correlation between the two sectors. Despite the weakness, institutional investors do not seem to be halting their purchases, suggesting that they remain bullish in the long term. Terra used the dip to buy an additional 5,040 Bitcoin, which takes its total…
United States President Joe Biden is reportedly planning to nominate two commissioners to the Securities and Exchange Commission with different political party affiliations. According to a Wednesday report from the Wall Street Journal, Biden is considering Democrat Jaime Lizárraga, a staffer for House Speaker Nancy Pelosi, and Republican Mark Uyeda, counsel for the Senate Banking Committee on securities and capital…
If you were planning to cash out your cryptocurrency investments this week, maybe it’s time to reevaluate. Cryptocurrency markets joined equities in sinking lower after Federal Reserve governor Lael Brainard reiterated the central bank’s commitment to quickly tightening monetary policy. Among the top 15 digital assets, Dogecoin has experienced the steepest decline over the last 24 hours, losing 15% to…
This year at Bitcoin 2022, mining took a spotlight. At the Mining Stage and Lounge, great conversations were had about the future of the industry. Mining is an incredibly important part of Bitcoin — it’s how new coins are created and distributed. Bitcoin mining has transitioned from the basements and backyards of dedicated Bitcoiners to massive ASIC farms operated by…
