Bitcoin Mining Difficulty Spikes as Profitability Drops for Mining Companies Some say higher mining difficulty is a good sign for the network. Bitcoin mining is the process of using powerful computers to verify transactions on the blockchain. Mining companies, which are usually large operations that utilize server farms and use a lot of energy, are rewarded with newly minted Bitcoin. Last month, miners in Texas suspended operations to help the energy grid and conserve energy…
Any Ethereum Forks ‘Won’t Be Supported’, Says NFT Market OpenSea Ahead of Merge As Ethereum edges towards its highly-anticipated merge event, the leading NFT marketplace OpenSea has taken a stand against any forks. #ethereum #fork #merge #nft #opensea
The Ethereum Merge Is Almost Here. What Could Go Wrong? Just weeks away from the historic event, experts discuss technical and political risks that could stem from the Ethereum network’s upgrade It’s been awaited for half a decade, delayed for years, praised, condemned, tweaked, and so its developers say, perfected. Ready or not, here comes Ethereum’s long-anticipated merge. But, given the technical feat that it is, is there any risk of something going terribly wrong?…
FIFA Launches NFT Platform on Algorand in Run-Up to World Cup The platform will debut later this month and will feature memorable soccer moments, art, and imagery With the 2022 World Cup just months away, FIFA, soccer’s global governing body, has announced it will launch an NFT platform for soccer-themed digital collectibles. The platform, FIFA+ Collect, is set to launch later this month, and will feature “affordable, inclusive, and accessible” NFTs that depict notable…
Forget About DeFi Summer: NFT Autumn is Arriving Sudoswap is doing for NFTs what Uniswap did for altcoins. While we’ve all heard the well-trod mantra that “bear markets are for builders,” until very recently, it felt like hardly anyone in crypto was building anything very interesting these days. All the NFT drops have used the same old recycled concepts. DeFi still hasn’t recovered from the Luna PTSD. And to top it all off, the Tornado Cash sanctions have us wondering if the…
KlimaDAO Engages Tusk Strategies to Push Congress to Write DAOs Into Law The DAO said it’s partnered with Tusk Strategies to work on the Lummis-Gillibrand Responsible Financial Innovation Act. The KlimaDAO announced Friday that it is collaborating with politicians to provide a legal framework for DAOs in the Lummis-Gillibrand Responsible Financial Innovation Act. KlimaDAO's legal team told Decrypt that the DAO has had multiple The KlimaDAO announced Friday that it is…
Ethereum Domain Names Top NFTs as Most Traded Asset on OpenSea A spike in sales catapults ENS domains to the top of the charts as the merge draws near. ENS domains have taken the top spot as the number one collection on the NFT marketplace OpenSea. Driven by a 170% jump in sales over the past 24 hours, the Ethereum Name Service flipped the Bored Ape Yacht Club in seven-day volume. In the past week, ENS trading volume surpassed 2,305 ETH or $3.76 million, representing a 43%…
Florida Man Pleads Guilty to Stealing $100 Million in Crypto Ponzi Scheme Joshua David Nicholas convinced investors that a high-tech bot was helping to earn them daily returns. A Florida man pleaded guilty in federal district court on Thursday to participating in a cryptocurrency-based Ponzi scheme that defrauded investors of approximately $100 million, the Department of Justice announced today. The department says Joshua David Nicholas of Stuart, Florida—population…
Fire and Brimstone’ Bitcoin Maxis Are Being Unrealistic: Dan Held The renown Bitcoiner believes some of the top coin's advocates have strayed away from the network's ethos. Prominent crypto influencer Dan Held believes Bitcoin devotees could benefit from being more open-minded and less dismissive of others’ choice of cryptocurrency. Held, a marketing advisor for Trust Machines and former head of growth and marketing at crypto exchange Kraken, refers to himself as a longtime…
Ethereum Fork EthereumPoW Announces Post-Merge Launch Plans The proof-of-work blockchain looks to continue the Ethereum legacy of profitable mining. Despite a rocky few weeks since its or, the team behind EthereumPoW (ETHW), a proof-of-work splinter from the Ethereum Blockchain, has finally announced plans to launch its hardfork soon after the Ethereum Merge on September 15. “ETHW mainnet will happen within 24 hours after the Merge,” the @EthereumPow Twitter account posted.…
What the Ethereum Merge Means for Ordinary Users—And What It Doesn’t Ethereum is going to be different. But what exactly does that mean to you? Find out here. Ethereum's long-awaited move to proof of stake—dubbed "the merge"—is finally happening. A lot is going to change. But a lot is also going to stay the same. The Ethereum merge is here. The long-awaited upgrade to the second biggest cryptocurrency by market cap is expected to take place tonight, based on current…
Ethereum Successfully Executes Highly-Anticipated Merge Event, Ushering in Proof-of-Stake Era Ethereum transitioned to proof of stake shortly after the network reached “terminal total difficulty” early Thursday. #eth #ethereum #pos #profofstake
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