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The term Ehtereum 2.0 retired. The Ethereum Foundation announced that in favor of a “consensus layer’ Ethereum 2.0 is no longer a term. Essentially, Ethereum 2.0 is a network upgrade and not a whole different network. Once this notion is finalized, changes will be made. Changes made – Ethereum: The first will be that Ethereum will be going from proof of work to a proof of stake chain. And the whole idea of mining[…]
June 19, 2011: The first one was very bad. Bitcoin mainly was traded on the now-defunct Mt. Gox before CoinMarketCap began tracking its price and even before Coinbase was around to facilitate buys and sales. Bitcoin cooled back down to roughly $17.50 by the time a hack on the exchange allowed BTC to be traded for only a cent, after soaring from $2 to $32 in the first half of the year. That’s[…]
The former White House communications director and the founder of Sky Bridge, Anthony Scaramucci says remain calm. He believes everyone should “take a chill pill” regarding the situation. This was after Bitcoin had experienced a fall of approximately 19% since the beginning of the year. In the last week, bitcoins price had dropped to a low of $33,000. Scaramucci has the following argument, in his words. “We’re getting ahead of ourselves. If it’s 2025,[…]
Bank of America believes that central bank digital currencies are the evolution of today’s currency world. They hope for a U.S. central bank digital currency to be out as soon as 2025. In a report on Monday, they mentioned that it would be somewhat different than digital money that is available to anyone. It would be a liability to the federal reserve. According to the bank, this meant there was no risk or credit[…]
The Etherscan team launched an Ethereum Instant Messenger, a Blockscan Chat in beta. Their goal is to expand the use of decentralized technologies. Located on the site’s homepage is an explanation of the Blockscan chat. In the words of the creators of the instant messenger. “Blockscan Chat is a messaging platform for users to simply and instantly message each other, wallet to wallet.” Users must be connected to an Ethereum wallet, and the message[…]
Bitcoin is recovering and is slowly moving back into positive territory after its major slide last week. On Monday, bitcoin experienced a significant fall, standing at $32,982.11, its lowest since July. This is according to Coin Metrics. However, the largest Cryptocurrency went up 5.6% during the afternoon trading and stood at $37,183.25. Ether dropped to its lowest since July at $2,176.41 and rose 1.1% to $2,444.85, according to Coin Metrics. According to Vijay Ayyar,[…]
Myanmar is a country in Southeast Asia. The military government has enacted a law regarding VPNs and digital currencies in their country. It outlaws the use of virtual private networks, more commonly known as VPNs, and the use of digital currencies. Violators of the following new laws will face jail time and be fined. A report published by The Register gave us the following information. People using VPNs will need between one to three[…]
One of the biggest software companies worldwide, Google launched a blockchain division as part of its Labs group. Shivakumar Venkataraman, the vice president of google will be leading this new blockchain division. According to an email received by Bloomberg, the division will primarily focus on “blockchain and other next-gen distributed computing and data storing technologies.” Google has been cautious about involving itself in blockchain projects, particularly with cryptocurrency. This new blockchain division will act[…]
Turkey is not in good condition The crisis in Turkey is going out of control. It began after President Recep Tayyip Erdogan defended recent interest rate cuts. He suggested pursuing a weaker currency in order to encourage growth. In his words “the competitive force of the exchange rates leads to increase in investment, production, and employment.” The following day the currency dropped by 15% the worst it had been in years. Protests erupted in[…]
President Vladimir Putin believes that by mining crypto, Russia will have “certain competitive advantages”. This was a day after the government’s Finance Ministry said these steps would be necessary if they want technology to develop. The banning of cryptocurrency does not need to be the solution. Russian Bank wants to ban crypto mining : One week prior to the discussion the central bank of Russia called for a ban on bitcoin mining and crypto[…]