Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday. After suffering two major blockchain reorganizations over the past week, Ethereum Classic (ETC) has seen its hash rate plummet — exacerbating the risk of further 51% attacks targeting the network.…
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An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption. Researchers at the Technical University of Munich are encouraging regulators to look beyond Bitcoin when it comes to considering the environmental impact of crypto mining. According to an Aug. 4 issue of…
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Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments. CEO and founder of Real Vision Raoul Pal says his “conviction levels” in Bitcoin are rising on a daily basis as he compares the crypto asset to traditional investments on various timescales. Applying economic cycle theory…
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Trevor Jones, the artist who composed Picasso’s Bull — an NFT that sold for a record $55,555 on NIfty — originally thought that NFTs were destined to fail. The Winklevoss-backed marketplace for non-fungible tokens (NFTs) and digital art Nifty Gateway recorded its largest-valued NFT transaction to-date during an auction two weeks ago. On July 23,…
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YouTube took down Jon Prosser’s channel with 262K subscribers after hackers used it to promote a free Bitcoin giveaway scam. Scammers have conned more YouTube viewers into sending them Bitcoin after hacking several more large verified accounts and posting ‘free giveaway’ videos. According to an Aug. 5 tweet posted by Jon Prosser, his Front Page…
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The Quantum Economics founder says there was only ever a ‘loose correlation’ between crypto markets and the S&P 500 during the pandemic. Crypto analyst Mati Greenspan says the correlation between crypto assets and the S&P 500 has fallen significantly since the dramatic sell-offs in tandem early in the pandemic. In the Aug. 5 Quantum Economics…
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The partner of Coca-Cola’s largest U.S.-based bottling company is expanding its use of blockchain to enhance efficiency across the beverage company’s supply chain. Coke One North America (CONA), a partner of the largest U.S.-based Coca-Cola bottling company, will use The Baseline Protocol to enhance transparency and reduce friction in “cross-organization supply chain transactions.” The project…
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Exordium Limited raised more than $3M through sales of its EXO security token for Infinite Fleet from investors including Adam Back and Charlie Lee. Pixelmatic’s Infinite Fleet space adventure game raised more than $3 million within 24 hours from investors including Adam Back and Charlie Lee. According to a statement from Pixelmatic, shared with Cointelegraph,…
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Bison Trails takes on general counsel to engage with global policymakers on compliance and legal regulation matters. Blockchain infrastructure-as-a-service company Bison Trails announced Aug. 4 that it has appointed a general counsel to focus on policy and regulatory issues specific to blockchain infrastructure. Elizabeth Ralston has previously served in a legal capacity at blockchain investment…
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The XRP Markets Report shows Ripplenet’s On-Demand Liquidity network experienced 11x growth compared to 2019, while XRP sales surged in Q2. Sales of Ripple’s XRP token in Q2 surged after hitting a low in the first quarter, while the firm’s On-Demand Liquidity network remains popular. According to Ripple’s quarterly report released on August 3, sales…
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