Gigi is a Bitcoin educator, author of ’21 Lessons’, and software engineer. __________ It can’t be said often enough: Bitcoin is confusing. However, it’s not complicated like a Rube Goldberg machine is complicated. It’s just very foreign and thus very misunderstood—it is a completely new thing. “There’s nothing to relate it to,” as Satoshi [Nakamoto]…
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Anchorage’s new service comes in anticipation of the Ethereum network’s long-promised shift proof-of-stake consensus. Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised shift from proof-of-work (PoW) to proof-of-stake…
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Will the wave of lending protocols struggling in the bear market stimulate the development of alternative solutions to create more sustainable investment opportunities? The recent downturn in the broader crypto landscape has highlighted several flaws inherent with proof-of-stake (PoS) networks and Web3 protocols. Mechanisms such as bonding/unbonding and lock-up periods were architecturally built into many…
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Christine Lagarde introduced a “MiCA II” idea to cover the issues yet untouched by European regulators. A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of…
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Ethereum (ETH) co-founder Vitalik Buterin has said he is “definitely” worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system. The Ethereum mastermind noted that Lido Finance, the largest provider of staking services for Ethereum, where around a third of staked ETH…
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Bitcoin mining’s climate impact has been heavily criticized, but the emissions of corporate cash and investments have often flown under the radar. The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the…
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A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower. The ever-raging debate around Bitcoin’s energy consumption has been re-ignited, with founding member of Ethereum Anthony Donofrio claiming that Bitcoin is using “way too much” energy. According to figures from Digiconomist, Bitcoin…
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Max Shannon, Digital Asset Analyst at major European digital asset investment firm CoinShares._____ The Merge aims to move Ethereum from Proof of Work (PoW) to Proof of Stake (PoS), and provide the foundation for increased scalability and reduced energy consumption. Detrimental trade-offs in terms of censorship resistance, trust minimization, and decentralization could occur as…
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The Ropsten test network (testnet) — also referred to as Ethereum (ETH)’s first dress rehearsal for the upcoming Merge, when the current Ethereum Mainnet will merge with the beacon chain proof-of-stake (PoS) system — successfully went through The Merge yesterday…. Read More: Ethereum’s Ropsten Test is ‘Almost’ Bug-Free, Two More Testnets to Go Before…
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Peter Brandt noted that ETH could drop by 29% if the downside of a potential descending triangle chart pattern is completed. Veteran futures trader Peter Brandt has suggested that the price of Ether (ETH) could drop to as low as $1,268 in the coming month, but the consensus view of 15,500 members of the CoinMarketCap…
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