Vitalik Buterin says at the Ethereum Community Conference held in France on Thursday that Ethereum is just 40% complete. He further elaborates that Ether has plenty more coming after the “merge.”  What is the Merge Ethereum network presents the “merge” as below. “The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more ..read more

The leading on-chain analytics firm Glassnode says there is a fair chance that Bitcoin will move to the upside soon and, it is sonner than most traders anticipate.  Jan Happel and Yann Allemann, creators of Glassnode say, though the price action of Bitcoin looks weak at the moment, an unforeseen amendment to Fed policy can set a bullish track for Bitcoin.  “In a volatile environment where bad news is perceived as good news, Bitcoin has been compressed between $19,00-$21,000 while Swissblock’s Bitcoin Risk Signal reflected an easing risk. Despite a weak price action in June, there is ..read more

The Chainlink (LINK), tokens of the Oracle platform managed to gain 10% during the last 24hours. LINK managed to gain a 27% rise during the past week. The token was around USD 26 during morning hours and hit resistance level as the traded took profits with higher prices. The token hit an all-time high of USD52 during May 2021 and, the price is 50% down ever since. As per the Coinmarketcap data, the Chainlink market capitalization is around USD12 billion. While many other cryptocurrencies are in the red zone LINK managed to stay in the green zone with its growth over the week. Bitcoin’s failed ..read more

Incorporated in August 2017, Chia aims to develop an improved blockchain and smart transaction platform. Based on the Proof of Space and Time algorithm, Chia was created by Bram Cohen. Bram is also the inventor of BitTorrent. Chia is the first enterprise-grade digital money and Chialisp is the new smart transaction program language behind this new powerful, easy to audit, and secure Chia network. Chia Network Inc., has more than doubled its valuation after raising US$ 61 million from investors including Richmond Global Ventures and Andreesen Horowitz. Chia an Alternative to Bitcoin Though Chia ..read more

British Police officers who were engaged in a search warrant for a pot farm ended up finding a fully fledge Bitcoin mining operation that was illegally tampering with the city electricity. The Police officers from West Midlands, UK received a tip about the site at the Great Bridge Industrial Estate, Sandwell. They carried out the raid on 18th May suspecting a cannabis plantation and instead they found a bank of about 100 PC units used for Bitcoin mining operation. British police officers raided the joint expected to find a cannabis farm but instead, they uncovered about 100 computers mining cr ..read more

Economic sanctions are commercial and financial penalties imposed by one or more countries targeting a self-governing state, group, or individual. These can be imposed for a variety of political, military, and social issues. This article is about how Iran, allows its economy to earn millions of dollars by Bitcoin mining. These crypto assets are then used to fund imports and mitigate the impact of sanctions. As per a recent study conducted by blockchain analytics firm Elliptic that 4.5% of all Bitcoin mining takes place in Iran. These assets earned by mining them are used to purchase imports by ..read more

For the past few days, the cryptocurrency market experienced dumps including the joke crypto Dogecoin. The famous joke token, Dogecoin launched in 2013 in memory of the Shiba Inu meme. The former video game software engineer at IBM, Billy Markus, had started the token named after currency used in the Nintendo game Animal Crossing in 2013. In the beginning, the token traded at very lower prices at the time and was often used as a token for tipping and funding charities. Dogecoin has many fans all over the world and thanks to the fans it gained momentum and price began to rise. Special than ..read more

Ethereum the world’s second-largest cryptocurrency by market capital reached a new all-time high today with a price of $3,188. Ethereum co-founder Vitalik Buterin now has more than $1 billion worth of Ethereum in his wallet with the recent price surge. Vitalik holds this whole amount in a single personal wallet. With this achievement, he becomes one of the world’s richest men. His Ethereum address was disclosed by Vitalik in October 2018. Present-day he holds close to 333,520 Ethereum in his wallet. He also revealed that he has few more wallets with a small amount of Ethereum comparing to this ..read more

Business intelligence firm MicroStrategy announced that they increased its Bitcoin holdings. The firm purchased $1.026 billion worth of Bitcoin. Close to 19,452 Bitcoins were purchased at an average price of $52,765. With the recent purchase, MicroStrategy holds approximately 90,500 Bitcoins. The total value of its investment is now worth $4.5 billion with current asset value. The average value per coin is $23,985. Where it all started MicroStrategy first invested in Bitcoin in August 2020. They invested $425 million on Bitcoin and the value of its investment climbed to over $0.5 billion by No ..read more

The price of Bitcoin just reached another all-time high breaking the $50,000 barrier. World’s largest cryptocurrency achieved this at a time where Tesla announced its $1.5 billion investment in Bitcoin two weeks ago. MicroStrategy announced that they are looking at selling $600 million worth of convertible senior notes with the hope of buying more Bitcoin. They are looking forward to selling those notes to institutional investors. The business intelligence firm will use the net proceeds from this sale to purchase more Bitcoin. The organization currently owns 71,079 BTC on the books. With this ..read more