Proof-of-Work and Proof-of-Stake are arguably the best-known consensus mechanisms — but new ones are continually emerging. PoW blockchains have long dominated the cryptocurrency landscape, with both Bitcoin and Ethereum using this model. This means miners are responsible for securing the network and validating transactions — and they get rewarded with new coins as a result. However, a common criticism surrounding…
Music-related use cases for Web3 technologies are piling up as the industry goes all in on adoption. From democratizing song rights royalties and blockchain licensing to legacy companies like Sony Entertainment filing patents for nonfungible token-authenticated music. While electronic dance music and pop seem to be picking up the most attention in terms of NFT music, they’re even making a difference in…
Bitcoin (BTC), the industry’s largest cryptocurrency by market capitalization, is down by 9% on Wednesday, wiping out most of its recent gains. Following the official announcement of the U.S. Consumer Price Index (CPI) on Tuesday, the price of Bitcoin fell to a six-day low of $20,062, before climbing to around $20,380 at time of writing, according to data from CoinMarketCap.…
While global adoption slowed down because of the chilling winds brought about by the crypto winter, emerging markets seem to be on fire in terms of crypto adoption as they surpass higher-income countries in an index that measures adoption. In a report titled The 2022 Global Crypto Adoption Index, blockchain data platform Chainalysis analyzed the millions of crypto transactions worldwide,…
According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity. Web3 Gaming Industry Thriving Amidst Economic Downturn The current economic downturn that is affecting the traditional and cryptocurrency markets has…
Lido DAO (LDO) has declined by more than 40% in the last 30 days with more room to fall in the coming days amid a potential sell-the-news event, i.e. the Merge. Lido DAO Ether deposits surge 160% in 2022 Lido DAO is Ethereum’s biggest staking service, having deposited over 4.14 million of the blockchain’s native asset, Ether (ETH), into the Ethereum 2.0…
South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem. Huobi Global and its Korean branch became the latest exchange to sign a memorandum of understanding with the Busan Metropolitan City government to participate in the growth of its blockchain industry. According to an official announcement from Huobi, the…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Greg Foss to talk about how owning bitcoin is the greatest asymmetric trade in history and why bitcoin could have a value of $2 million in today’s value. Watch This Episode On YouTube Or Rumble Listen To The…
While the LUNC community rejoices because of a potential comeback for the Terra Luna Classic (LUNC) token, the founder of the Terraform Labs, Do Kwon, is now facing a warrant of arrest from South Korean authorities. A court located in Seoul reportedly issued a warrant of arrest for Kwon and five other people who are all currently located in Singapore.…
Following an ongoing investigation into the collapse of the Terra ecosystem, a court in Seoul issued an arrest warrant for Do Kwon, the CEO, and founder of TerraForm Labs, according to a Bloomberg report Wednesday. The warrant was reportedly issued in relation to a violation of capital market rules and targets five more individuals who are currently residing in Singapore.…
