Activity across the cryptocurrency market has been largely subdued on April 15 as traders in the United States have taken an early weekend thanks to the closure of financial markets for the observance of Good Friday. A survey of the top 20 tokens indicates a relatively flat trading day, with Bitcoin (BTC) clinging to support above $40,000. Several lower-ranking altcoins managed…
The rollout of Ethereum 2.0, or Eth2, includes a transition from proof-of-work to proof-of-stake that will supposedly transform Ether (ETH) into a deflationary asset and revolutionize the entire network. The event has been a trending topic for years and while anticipation for “The Merge” has been building over the past couple of months, this week Ethereum core developer Tim Beiko…
The strength of the Bitcoin network is based on very strong cryptography. But what if one day in the not-too-distant future, computers advanced to such a level that current cryptographic standards were no longer good enough? That’s the promise and the danger of quantum computing, a technology that allows computers to utilize the rules of quantum physics to speed up…
The Luna Foundation Guard (LFG) purchased an additional 123.89 bitcoin on Friday worth close to $5 million at the time of settlement. Since mid-March, Terra’s LFG has been acquiring bitcoin on a regular basis and after the purchase on Friday morning, the non-profit organization has approximately 42,530.827 bitcoin. LFG Acquires Another Batch of Bitcoins for the Project’s Decentralized UST Forex…
On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked North Korean cybercriminal Lazarus Group as an alleged perpetrator for the recent $600 million+ Ronin Bridge exploit. As told by blockchain…
In brief Movie theater chain AMC now accepts Dogecoin and Shiba Inu payments via its mobile app. AMC also accepts Bitcoin, Ethereum, and other coins, and has launched its own NFTs. Since being crowned a meme stock in early 2021, AMC Theatres has increasingly embraced cryptocurrency—and particularly meme coins and tokens Dogecoin and Shiba Inu, which CEO Adam Aron has…
Paolo Ardoino, the CTO of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USDC. “If you see the volumes of Tether compared to the rest of stablecoins, they are insanely higher. They are even 10 times higher on a bad day”, he pointed out.…
sponsored In recent years, the IRS has made one thing abundantly clear – if you make money from crypto, they want their cut. So if you’re underreporting or outright avoiding crypto taxes, be warned: the penalties are steep. Before you take the wrong turn, learn the risks from crypto tax experts, Koinly. Is cryptocurrency taxed? The million dollar question –…
The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021. Source: https://cointelegraph.com/news/president-biden-announces-former-ripple-adviser-as-pick-for-fed-vice-chair-for-supervision
The Lightning Network can’t exactly fork like Bitcoin itself can, but it is starting to branch out. The bare minimum viable protocol was initially specified in the BOLT documents early on before anything actually went live on the main Bitcoin network, but that was just the starting point. There are still many extensions to build out in the protocol and…
