Ethereum completed its long-anticipated Merge on Thursday without any hiccups as the protocol switched from a Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism. The move instantly reduced Ethereum’s energy consumption by 99.9% and is the first major step to eventually making the blockchain cheaper and faster to use. The network previously had the same energy…
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U.S. radio show host and conspiracy theorist Alex Jones has transferred donations made in bitcoin (BTC) and other cryptocurrencies to his flagship media outlet Infowars to his own pocket, according to a corporate representative for his business…. Read More: Alex Jones Accused of Channelling Infowars Bitcoin Donations Into his Own Accounts Read more »Sign up…
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The crypto exchange Coinbase Japan has almost doubled the number of tokens it lists on its platform, taking the total of coins listed from six to 11 – a suggestion that Japanese exchanges could start significantly expanding the number of tokens they handle. On Twitter, the exchange’s Japanese arm wrote that it had begun trading…
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With Ethereum’s transition to proof-of-stake (PoS) now behind us, more people are pointing to the network’s environmental benefits, saying ESG-minded investors will flock to ETH as they learn more about it…. Read More: Why Ethereum Could See huge Inflows of Fund from Institutional ESG Investors Read more »Sign up for e-EUR – the progressive stablecoin
Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools dedicating hashrate toward the blockchain network. That has all changed and most of the miners transitioned or plan on transitioning to other Ethash compatible coins like ethereum classic, ERGO, and the new fork ETHW. Now Ethereum blocks are verified by validators…
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The U.S. Department of the Treasury has answered some questions on regulatory compliance relating to Tornado Cash, a recently sanctioned crypto mixer. The answers include how to withdraw crypto or complete transactions initiated using Tornado Cash prior to its sanction and how to deal with “dusting” transactions. Treasury Department Publishes Tornado Cash FAQs The U.S.…
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A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations issued by the Bank of China and others only prohibit the circulation of virtual currency. ‘Financing Behaviour Prohibited by the Law’ An intermediate court in…
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Here’s a review of the possible new trends that will drive the crypto market in the post-Merge era. The Ethereum Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter Space with Capriole founder Charles Edwards, the analyst mentioned that excitement over…
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Customers who use the Binance Pay Wallet to pay for their orders will be eligible to enter a rewards program. Binance announced Friday that it has partnered with the Ukrainian supermarket chain VARUS, saying it will enable cryptocurrency payments for grocery purchases through its Binance Pay Wallet. The grocery store is one of the largest companies…
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The U.S. Justice Department has published another report on crypto crime with detailed recommendations for legal reform; it has also formed a network of experts to advise offices. The United States Department of Justice (DOJ) published its latest report in response to President Joe Biden’s March executive order (EO) on the development of digital assets…
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