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Cryptocurrency mining is a fascinating yet also complex procedure today. Growing energy consumption concerns will give rise to alternative solutions capable of bringing value to the community. Focusing on low-energy devices to help generate new coins and achieve network security will quickly become the new paradigm. The Evolution of Cryptocurrency
While cryptocurrencies such as Bitcoin and Ethereum have dominated crypto headlines, conversations about stablecoins and central bank-backed digital currencies (CBDCs) often go unnoticed. However, it is hard to ignore the fact that many governments are silently embracing the idea of digital currencies and are actively working to launch digital versions
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Change is the only constant thing. While resistance to this universal phenomenon is not always irrational, change has particularly not been easy when it comes to technology. Three decades ago, there were no portable music systems that you could carry around with ease. To watch a movie, you would have
On June 12, Bitcoin’s Taproot upgrade received enough mining support to lock-in activation. Taproot is undoubtedly Bitcoin’s most significant improvement since the “Segregated Witness (SegWit)” upgrade in 2017. The governance vote for Taproot conformed to parameters set by “Speedy Trial,” which requires the support of at least 90%
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There are several crypto wallets out there, but you need to be careful when choosing any of them. Opening an account on traditional crypto trading platforms can be time-consuming and can also create headaches for users. There is also a better way to swap cryptocurrencies seamlessly and without much complexity
Although El Salvador has been able to make history as the first country to accept Bitcoin as legal tender, its road to adoption may be laced with a lot of hurdles. Recall that the International Monetary Fund (IMF) frowned at the country’s move to make Bitcoin legal tender, noting
In April, the United States Securities and Exchange Commission (SEC) postponed its decision on VanEck’s Bitcoin ETF application to June 17. But almost two months later, the agency does not appear to be ready to give its decision. A Wednesday filing from the SEC confirms that the regulatory body
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The central bank of Indonesia has voiced its plans to prohibit the use of cryptocurrencies for payments in the country. The governor of the apex bank, Perry Warjiyo, announced during a virtual meeting on Tuesday that digital assets such as Bitcoin would not be allowed for “other financial services tools.
A new survey conducted by Intertrust Global has revealed that nearly 100% of hedge funds plan to invest in Bitcoin and other cryptocurrencies over the next five years. Intertrust Global, a publicly traded international trust and corporate management company, quizzed the chief financial officers of 100 hedge funds on their
The Chinese University of Hong Kong in partnership with Ethereum software company ConsenSys has launched a blockchain-powered COVID-19 digital health passport. The Medoxie COVID-19 Digital Health Passport leverages the Ethereum blockchain to record certain medical events, including test results, temperature checks, immunity, and vaccinations, associated with COVID-19. In an official
A month after launching its Bitcoin derivatives product, investment banking giant Goldman Sachs is pitching its tent deeper into the cryptocurrency space. According to a Bloomberg report, the investment bank is planning to offer Ethereum options and futures in the next few months. Goldman’s head of digital assets Matthew
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The Spanish cryptocurrency platform Bit2Me recently launched Bit2Me Trade, a high-frequency cryptocurrency trading platform. It is integrated into the Bit2Me service Suite, which includes more than 50 cryptocurrencies and a broad range of resources. This means registered users can immediately access the tool, make trades, and manage their existing cryptocurrencies
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The DeFi movement doesn’t seem to be running out of steam any time soon. As of writing, the total locked value (TVL) is still an impressive $60 billion. The strength and belief in DeFi by the public are not without reasons. The ability to operate at speeds faster than
MicroStrategy’s appetite for Bitcoin appears to be insatiable. According to a SEC form published on June 14, the business intelligence firm is planning to sell up to $1 billion worth of its stocks to buy more Bitcoin. Despite having the largest Bitcoin stash of any publicly traded company, MicroStrategy
According to Jurrien Timmer, director of global macro at U.S. multinational financial services corporation Fidelity Investments, the price of Bitcoin has reached its bottom, and there is no more room to buy the dip on the BTC/USD trading pair. In a Monday tweet, Timmer expressed his optimism that
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Africa’s most populous nation, Nigeria, may be gearing up to join the CBDC race. An official with the country’s central bank confirmed the move to local news sources last week. Rakiya Mohammed, the director of IT at the Central Bank of Nigeria (CBN), said during an online bankers