Hopium is back on the menu for solo Bitcoin (BTC) miners. A circa $240,000 reward, or 6.25 BTC, was generated by yet another solo miner this morning. This time, the odds were less than 20%, according to Con Kolivas, a Bitcoin software engineer and administrator for ckpool, whose name takes his initials. It’s the fourth “blockfind” for the ckpool since…
Bob Iger, former CEO of Disney, hinted at the company’s metaverse ambitions while predicting an “explosion” in the non-fungible token (NFT) space. Speaking to New York Times journalist Kara Swisher on the Sway podcast, Iger likened NFTs to the baseball cards he collected as a child. “We forget, in our generation, that things don’t have to be physical,” he said.…
The beating heart of any ecosystem of decentralized applications, DApps, is its underlying technology stack. For Ethereum (ETH), this is its “Nakamoto” consensus, Ethereum Virtual Machine (EVM) execution environment, and Solidity programming language. Together, these technologies have allowed smart contract developers to propel decentralized finance (DeFi) from concept to reality. For DeFi to make the next leap – to mainstream…
The government of El Salvador has responded to the International Monetary Fund’s (IMF) recommendation to drop the use of Bitcoin as legal tender, per the Associated Press. “No international organization is going to make us do anything, anything at all,” Treasury Minister Alejandro Zelaya said, adding on a local television station that Bitcoin as legal tender was an issue of…
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also suggested that cryptocurrency trading might eventually be allowed in Jordan once the necessary legislation has been put in place. Protecting Investors Jordan is currently studying and exploring…
The government of India revealed on Tuesday that it would be launching a digital rupee and start taxing income from crypto, The Hindustan Times reported. In her Budget 2022 presentation, Indian finance minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) will introduce a central bank digital currency (CBDC) in the next financial year. A CBDC is a…
Cryptocurrencies behind several layer 1 blockchain networks have all jumped double-digits this morning. Solana, a speedy proof-of-stake (PoS) blockchain, has enjoyed a jump of more than 16% over the past 24 hours. The layer-1 token’s rise could be attributed to Coinbase, the largest U.S.-based crypto exchange, listing two Solana-based tokens, Bonfida (FIDA) and Orca (ORCA). Additionally, the network’s leading crypto…
Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented. Thailand will reportedly not proceed with its 15% cryptocurrency tax plan after traders in the nation expressed strong…
Kanye West won’t be purchasing a Bored Ape Yacht Club nonfungible token (NFT) any time soon. In a strongly worded Instagram post made on Monday, Ye stated “Do not ask me to do a f*cking NFT.” The message in the photo, shared with his 10.5 million followers, explains he is focused on “building real products in the real world.” He…
Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims to keep expanding its reach to more…
