Despite being an automated, decentralized version of a typical cryptocurrency mixer, Tornado Cash was sanctioned by the U.S. government last week as the Treasury Department’s Office of Foreign Assets Control (OFAC) added Ethereum addresses associated with the tool to its specially designated nationals and blocked persons (SDN) list. Much has been written about the legal aspects of the Treasury Department’s…
Nonfungible tokens continue to captivate mainstream audiences around the world as Web3 technology grows at a rapid pace. Source: https://cointelegraph.com/news/what-is-an-nft-and-why-are-they-so-popular
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Matthew Pins to talk about the regulatory landscape and how the government might try to legislate Bitcoin. Watch This Episode On YouTube Or Rumble Listen To The Episode Here: Matthew Pines: You can assume any scenario you want.…
Dogecoin fell for a third consecutive session on Friday, with the token dropping by almost 15% in today’s session. As of writing, the global cryptocurrency market cap is roughly 8% lower, with the majority of the top 100 in the red. Filecoin was another notable mover, falling by nearly 20%. Dogecoin (DOGE) Dogecoin (DOGE) was trading lower on Friday, with…
Tether, the issuer of the industry’s largest stablecoin USDT, today published its latest quarterly attestation report for the token’ reserves. The USDT stablecoin is reportedly backed by the U.S. dollar, meaning that holders are expected to be able to redeem their holdings to an equal amount of the greenback at any time—provided the company has enough cash reserves to do…
The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially scheduled for Sept. 15–16 after the successful final Goerli testnet integration to the Beacon Chain on Aug. 11. At present, miners can create new Ether (ETH) by pledging a huge amount of computing…
Hiring in the crypto world can be difficult. Web3 companies are often disorganized and lack HR departments. Developers sometimes want to remain anonymous — even to their potential employers. Some employees don’t exist at all, while others are secretly juggling three other remote gigs. Then there are those who pretend to be employees but are really just plotting to rug…
The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion, but overall the dozens of…
Merkle trees are employed in Bitcoin (BTC) and other cryptocurrencies to more effectively and securely encrypt blockchain data. Verkle trees allow for smaller proof sizes, particularly important for Ethereum’s upcoming scaling upgrades. But, how do you identify a Merkle tree? Leaf nodes, non-leaf nodes and the Merkle root are the three essential parts of a Merkle tree in the context…
Two of Ukraine’s largest tech retailers now accept bitcoin as payment for goods and services. Whitepay is providing the necessary payments infrastructure enabling in-store and online purchases.Ukrainian demand for daily bitcoin use grows as war efforts continue. Two of the largest technology retailers in Ukraine, Techno Їzhak and Stylus, now accept bitcoin as payment for goods and services, per a…
