When the last Bitcoin (BTC) is finally mined, the livelihood of miners who rely on block rewards as a source of income will be affected. Despite this, the future of mining stays promising, according to an expert in space. In a Cointelegraph interview, Mohamed El Masri, the founder of mining solutions provider PermianChain, talked about new players jumping into mining,…
The Ethereum blockchain is on the verge of one of the most crucial technical updates since its inception, moving from proof-of-work (PoW) to proof-of-stake (PoS), also called Ethereum 2.0, or Eth2. Ethereum devs gave Sept. 19 as the perpetual date for the merger of the current PoW chain to the PoS chain. The Merge is expected to be deployed on…
Bitcoin rose for a third consecutive session on Friday, as prices rose above $24,000 to end the work week. Today’s rise comes as sentiment in crypto remains bullish, following Wednesday’s interest rate hike by the Fed. Ethereum was also higher, as prices approached $1,800. Bitcoin Bitcoin (BTC) was trading higher for a third straight day, as prices climbed over $24,000…
Cryptocurrency market analysts unpack the ramifications of consecutive quarters of negative GDP growth in America. Source: https://cointelegraph.com/news/semantics-analysts-unpack-technical-recession-as-crypto-markets-recover
Banco Santander S.A., the Brazilian subsidiary of the Spanish Santander Group, is reportedly eyeing the launch of crypto trading for its clients, per local media publication Folha de S. Paulo. Speaking to journalists on Thursday, Santander Brazil CEO Mario Leão reportedly said that the bank hopes to share more information on the matter in the next few months, possibly during…
In a year that has been marked by pontification on what it means to be a “Bitcoin maximalist,” the implosion of numerous centralized “crypto” projects and the excommunication of self-interested Bitcoin influencers, Bitcoin Independence Day is worth celebrating more than ever. The first Bitcoin Independence Day was slated for August 1, 2017, when Bitcoin users planned to deploy a software…
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not stifle such welcome digitalisation developments by taking away customers of banks and other digital finance providers.” Keeping Payment…
Estimates for July inflation across the euro area make for grim reading at 8.9%, with the U.S. dollar rebounding. Source: https://cointelegraph.com/news/bitcoin-holds-24k-as-us-dollar-taps-3-week-lows-on-eurozone-inflation-report
After failing to go live last month, the Cardano (ADA) Vasil hard fork is delayed again as teams behind the Cardano blockchain development target a smooth network upgrade. Input Output Global (IOG), the organization responsible for Cardano’s research and development, released a YouTube update on Thursday on the upcoming Vasil hard fork. IOG technical manager Kevin Hammond announced that the Vasil…
The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power was highlighted in a Twitter thread created by Ethereum (ETH) founder Vitalik Buterin. In a tweet, Buterin brought up an old adage pointing out that power-hungry individuals…
