It has almost become a populist truism that Bitcoin (BTC) is bad for the environment. By using proof-of-work (PoW) as its consensus mechanism, its entire network consumes a prodigious amount of energy, which at the moment is reportedly higher than the annual energy consumption in some countries. … Read More: Ripple’s Exec Campaign Has ‘Zero…
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The price of bitcoin (BTC) will hit a peak of USD 81,680 this year, before falling back to USD 65,185 by the end of the year, argued a panel of members from the fintech and crypto industry surveyed by comparison website Finder.com. The peak of over USD 80,000 was described as “significantly higher” than…
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Ethereum’s (ETH) transition to proof-of-stake (PoS), known as The Merge, will likely lead some current bitcoin (BTC) holders to move part of their capital to ETH, one industry insider argues. Others, meanwhile, say that despite a yield on ETH being attractive, regulatory scrutiny means more uncertainty lies ahead for ethereum investors…. Read More: Ethereum’s…
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A letter by a group of Democratic members of the US Congress attacking proof-of-work (PoW) mining and praising proof-of-stake (PoS) is causing an uproar in the Bitcoin (BTC) community, with crypto exchange Kraken CEO Jesse Powell claiming that “PoS fanatics attacking PoW are actual supervillains.”… Read More: ‘PoS Fanatics Attacking PoW are Actual Supervillains’,…
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The term staking receives many meanings in crypto, each of them presents its own set of opportunities and challenges. Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node…
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The bitcoin (BTC) dominance, or bitcoin’s share of the overall crypto market capitalization, has remained at almost the same level as four years ago, despite a massive proliferation of altcoins in the meantime. Prominent bitcoiner and chief technology officer of bitcoin wallet Casa, Jameson Lopp, pointed out that the bitcoin dominance in April 2018…
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The wait for the long-awaited Ethereum Merge just got longer, leading analysts to discuss potential price outcomes for Ether. 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…
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Energy consumption of Proof-of-Work (PoW) cryptoassets has once again become a hot topic as companies start ditching cryptos that use this energy-intensive mechanism for validating transactions and creating new tokens. Last week, Mozilla, the company behind the Firefox browser, shared an update regarding its crypto donation policy following its “discussion about cryptocurrency’s environmental impact”…
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Tim Beiko, a leading Ethereum (ETH) developer working on the blockchain’s transition to proof-of-stake (PoS) – known as The Merge – has said the major network upgrade will not be completed in June. “It won’t be June, but likely in [a] few months after. No firm date yet, but we’re definitely in the final…
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During the first week of January, the software community Mozilla revealed it was pausing cryptocurrency donations after citing environmental concerns. 14 weeks later, Mozilla decided last week it will accept crypto donations again, but only from digital assets that leverage a proof-of-stake (PoS) consensus model. Mozilla Plans to Accept PoS Crypto Assets Only, Executive Says…
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