Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been the one around the Canadian government’s standoff with the Freedom…
Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information concerning Intel’s new crypto mining…
Magic Eden, the largest NFT marketplace on Solana by volume, announced on Saturday the relaunch of its “white glove minting and marketing service” called Launchpad. The service allows NFT creators to drop their collections directly on Solana’s most popular marketplace, but the company paused the service two weeks ago after two high-profile rug pulls scammed investors out of hundreds of…
press release PRESS RELEASE. Celebrity NFTs have proven to be an important collectible class that continues to rise in popularity, including traditional auction sites. Beetlejuice, the pop-culture icon with millions of Howard Stern Show fans and social media followers, is now conquering the NFT world. His NFT continues to receive more views on Goldin‘s February Elite Auction than some of…
A new proof of concept decentralized autonomous organization, or DAO, called FriesDAO wants to democratize access to the fast food industry. Cointelegraph spoke to FriesDAO advisors Brett Beller and Bill Lee about their mission to be a “part of something that will connect crypto and virtual ownership to real-world assets.” FriesDAO aims to acquire and scale fast food restaurant franchises like Popeye’s,…
In brief Worldwide Webb, an Ethereum-based online metaverse game, has seen rising sales and prices for digital NFT apartments. Unlike many metaverse games with 3D environments and avatars, Worldwide Webb features 2D pixel worlds and characters. When most people think of the metaverse, they imagine immersive 3D worlds—whether it’s Ethereum-based games like Decentraland or The Sandbox, or Facebook’s vision that…
One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW model and growing concern over its environmental impact. As more projects launch or transition to the PoS model, a new…
In brief An announcement about the draft bill was vague on details for individual investors, who will be divided into two classes. President Vladimir Putin has said the country has “certain competitive advantages” in crypto mining. Russia’s Finance Ministry has submitted to the government a draft of cryptocurrency regulations. In a statement released Monday, the Finance Ministry said the proposal…
For international travelers still able to cross borders amid an ongoing pandemic, using cryptocurrency to prove they have the means to sustain themselves abroad is a relatively new concept. Many countries around the world are closed to visitors in an effort to protect their residents from COVID-19, but some have continued to allow students, retirees, and others seeking medium- to…
Bitmanu announces 3nm bitcoin mining ASICs. The pioneering architecture enables lower power-consumption and higher hashrate than current market miners.One of the earliest iterations of 3nm bitcoin mining chips to hit the market. Bitmanu, an ASIC manufacturing startup, has announced their entrance into bitcoin mining with the simultaneous announcement of three 3-nanometer (nm) mining rigs. These are some of the earliest…
