The day of The Merge, Ethereum Classic’s hashrate soared to new highs tapping 306 terahash per second (TH/s) ten days ago on September 15. Since then, however, Ethereum Classic’s computational power has dropped 46.16% lower from the high to today’s 164.75 TH/s. Furthermore, ethereum classic’s market valuation has dropped by two positions and lost 26.7% against the U.S. dollar during…
LBRY CEO Jeremy Kauffman called out the Securities and Exchange Commission at Messari’s Mainnet, as the file-sharing network faces scrutiny from the regulator. The SEC charged LBRY with selling unregistered securities in March of last year. The Commission took issue with over $11 million in funding raised through the sale of LBRY Credits, which are now used to upload files…
It’s time to move on from the Bored Ape Yacht Club. They’re bad for nonfungible tokens (NFTs). They give critics ammo and distract from the technology, which is where the real value lies. For those on the outside looking in, NFTs are nothing more than overpriced monkey JPEGs. Or whichever choice of animated animal profile picture is in the firing…
The digital asset landscape in the European Union is evolving ahead of the passage of the Markets in Crypto-Assets (MiCA) regulation framework that aims to instill regulatory clarity around crypto assets. While well-intentioned, the current structure of MiCA may throttle innovation. But if a revised version of this policy passes, it could see the European Union become one of the leaders…
Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Venezuela has the largest supply of crude oil in the world, U.S. economic sanctions imposed in 2019 by the Trump administration prohibit American businesses from engaging…
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told the press China would pay for natural gas with rubles and yuan. Moreover, Switzerland’s imports of Russian gold reached a high not seen since April 2020. The Greenback…
While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.” According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world are experiencing severe energy shortages,…
Illustration by Mitchell Preffer for Decrypt The price of Ethereum was reeling this week after predictions that the merge would be a “buy the rumor, sell the news” scenario largely played out. Over on Crypto Twitter, people continued to discuss the network this week after U.S. Securities and Exchange Commission (SEC) Chief Gary Gensler redoubled his offensive against crypto, also…
LBRY CEO Jeremy Kauffman at Mainnet 2022: We’ve Been Fighting the SEC for 5 Years Jeremy Kauffman, whose decentralized video sharing platform LBRY is involved in a securities lawsuit with the SEC, tells Decrypt’s Dan Roberts and Sander Lutz what will happen next, and why he’s running for office in New Hampshire, in our Decrypting Mainnet series at Mainnet 2022.…
OpenSea CEO Devin Finzer at Mainnet 2022: ‘Cambrian Explosion’ Coming for NFT Use Cases OpenSea CEO Devin Finzer talks to Decrypt’s Andrew Hayward and Kate Irwin in our Decrypting Mainnet series at Mainnet 2022 about reasons for optimism despite the NFT market cooling down, adding support for NFTs on more blockchains, and his excitement around NFTs for gaming. Source: https://decrypt.co/videos/live-events/WKs6SaG9/opensea-ceo-devin-finzer-at-mainnet-2022-cambrian-explosion-coming-for-nft-use-cases
