Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The Merge date is scheduled for Sept. 15, after the successful Goerli test net integration — the final test net merger before the actual transition. Ether (ETH), the native token, was on…
Month: August 2022
CCRI Finds TRON as One of the Top Eco-Friendly Blockchains – Sponsored Bitcoin News
sponsored A new report by the Crypto Carbon Ratings Institute (CCRI) showcases the environmental sustainability of the TRON network. According to the “Energy Efficiency and Carbon Footprint of the TRON Blockchain” report, the highly popular TRON network only consumes as much electricity as just fifteen average U.S. households. The Environmental Sustainability of the TRON Network The electricity consumption and related…
72% of Russians say they have never bought Bitcoin: Survey
Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a new survey. Switzerland-based cryptocurrency wallet provider Tangem has conducted a poll to learn more about cryptocurrency investors in Russia, local news agency Kommersant reported on Thursday. As many as 72% of the 2,100 respondents in…
Nvidia Has ‘Limited Visibility’ on Crypto Mining Impact in Q2 Revenue Drop
Nvidia said it has “limited visibility” into how much the firm’s crypto mining hardware impacted its overall GPU demand in the second quarter this year, as revenue over the past three months ending July 31, 2022, fell to $6.5 billion, or 19% from the previous quarter. The company’s second-quarter revenue was significantly lower than the $8.10 billion Nvidia forecast in…
Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam – Economics Bitcoin News
Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend on other factors to attenuate the effects of inflation. Moody’s States…
Ruling to keep Tornado Cash developer in jail for 90 days sparks backlash
A judge in the Netherlands ruled that Tornado Cash developer Alexey Pertsev has to stay in jail for 90 more days while waiting for charges. Puzzled by the decision, the crypto community rallied to demand the release of the developer. In a Tweet, crypto investo Ryan Adams argued that the developer did something good for the public as he wrote…
US court gives Voyager green light to pay bonuses to key employees
A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members. The firm filed a motion with the United States Bankruptcy Court on Aug. 2 seeking approval for its Key Employee Retention Plan (KERP) which entailed $1.9 million worth of payments to 38 key employees that have been…
East African Single Currency Unlikely to Be Introduced by 2024 – Emerging Markets Bitcoin News
There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap. Attainment of Single Regional Currency a Top Priority for the EAC Central banks…
Fight For US Dollar Hegemony Is A Lost Cause – Bitcoin Magazine
This is an opinion editorial by Pierre Corbin, the producer and director of “The Great Reset And The Rise of Bitcoin” documentary. In the 18th century, the Dutch introduced the concept of mutual funds, allowing investors to diversify between different international bonds. The same concept was embraced in London in the 19th century. This concept is what allowed companies like…
Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes – Emerging Markets Bitcoin News
Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 billion between January 2021 and June 2022 mean the West African nation is now Paxful’s largest market. Kenya, which saw traded volumes of over $325 million during the same period, now ranks as the crypto exchange’s second-largest African market, and fifth overall. Financial Exclusion Driving P2P Bitcoin Traded Volumes According to the…