Blockchain analytics firm Chainalysis has published its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the countries with the highest crypto adoption. While the overall adoption slows worldwide in bear markets, it “remains above pre-bull market levels,” the firm said. Chainalysis’ Latest Cryptocurrency Adoption Index Chainalysis published an excerpt of its upcoming report titled “2022 Geography…
It’s been less than a day since Ethereum’s historic transition to proof-of-stake, with most of the crypto community still abuzz with excitement following the successful Merge. On Sept. 15 at 06:42:42 UTC, the last Ethereum block using the old proof-of-work consensus mechanism was mined. Replacing it is an energy-efficient proof-of-stake consensus mechanism. Many crypto enthusiasts and climate advocates worldwide have…
This is an opinion editorial by Eric Podwojski, an account manager at Bitcoin Magazine. Intro December 2019 — I was sitting in my manager’s office getting ready to have a discussion about a possible promotion, year-end bonus and salary raise. At the time, I was almost two years out of college in my first high paying job out of school.…
The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting climate change. The science and tech department believes the Biden administration needs to…
Hours after Ethereum successfully completed its historic merge to proof of stake, ETHPoW—the network’s rival offshoot, intended to preserve proof of work on a forked version of Ethereum—took its own mainnet live Thursday afternoon. The moment was pitched as a triumph for ETH miners left behind by Ethereum’s transition to a 99.99% more environmentally friendly, miner-less proof of stake consensus…
SEC Chairman Gary Gensler today said that proof-of-stake cryptocurrencies could be securities, according to a report in the Wall Street Journal. Gensler said that the native assets of proof-of-stake blockchains, which allow holders to passively earn returns through staking, could pass the Howey test, The Wall Street Journal reported Thursday. There are many such assets currently on the market, including…
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The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned by the Office of Foreign Asset Control. In a Thursday notice, the U.S. Treasury designated 22 individuals and 2 entities, including many the government department claimed had furthered the Russian government’s objectives in…
There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now. Even before 70% of Bitcoin’s (BTC) value evaporated seemingly overnight, things were not going great in the court of public opinion. Negative sentiment was everywhere; a Twitter account documenting crypto bros taking it on the chin racked up…
The Ethereum Merge has finally happened. It’s over, and fortunately it went smoothly without any major hiccups. As predicted by many, the event turned out to be a “buy the rumor sell the news” style event, or perhaps, the hotter-than-expected consumer price index print on Sept. 12 was the real catalyst that pushed the market in its current direction. Regardless…
