Last week, New York dominated crypto media headlines in very different ways. In New York State, the local Assembly voted in favor of the bill that would ban for two years any new mining operations that rely on proof-of-work (PoW) consensus mechanisms and use fossil fuel-generated energy. A temporary moratorium, which could be extended after the state’s Department of Environmental…
You’re driving steadily down the road when you see a yellow light. Do you a) gun the engine and try to make it through the intersection before the light turns red, or b) stop and wait for the green light before proceeding? That’s the type of choice Ethereum core developers are faced with in the much-anticipated move to proof of…
Banco Galicia is the largest private bank in Argentina by market share and recently announced it will allow its customers to invest in bitcoin and other cryptocurrencies.Argentina is suffering from hyper-inflation as inflation hit a 20 year high just a few weeks ago.Strike, a bitcoin payment infrastructure company, launched in Argentina earlier this year. Banco Galicia (Nasdaq: GGAL), the largest…
The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially turns $100 into $66 by…
VanEck, the New York-based asset management firm, announced today the launch of its first NFT collection, which will be given away in an airdrop. The VanEck Community NFT will be 1,000 Ethereum-based NFTs that trace the journey of “Hammy,” a rebooted metaversal (and slightly noir) version of Alexander Hamilton. NFT holders will accompany Hammy on an adventure through the past,…
The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend. Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks from companies with exposure to Bitcoin (BTC) have also…
The digital artist Emily Yang, also known as pplpleasr, has released a limited-edition collection of 75 animated Producer Pass NFTs on Ethereum. Each NFT—a unique blockchain token that signifies ownership—grants access to specific in-person events at the upcoming 75th Cannes Film Festival, which runs from May 17 to May 28 in the south of France. Pplpleasr is working with the…
Since the advent of Bitcoin, physical gold and digital gold have been presented as foils to investors. But perspectives of each asset’s underlying mining industry are too often lacking from the comparison conversations. In particular, the past 12 months of market activity have highlighted some important idiosyncrasies and similarities between the yellow metal and its blockchain-based counterpart. While bitcoin mining…
Tl;dr: This report updates on what Josie, a Bitcoin CoreDev, and Coinbase Crypto Community Fund grant recipient, has been working on over the first part of their year-long Crypto development grant. This specifically covers their work on bitcoin transaction privacy. Since late last year, I have been working with a group of researchers on a project centered around Bitcoin transactions…
Shaun Maguire, a crypto partner of Sequoia Capital, one of the venture capital firms most active when it comes to investments in the cryptocurrency space, issued its opinion on the future of many VCs investing in crypto. To him, many of the companies that are now experimenting with crypto investments will “pull back” due to market conditions and a misunderstanding…
