How the SEC Could Reshape Ethereum’s Staking Landscape for the Better
Coinparative
by Staff
1y ago
“I think this is good for decentralization,” said Ben Edgington, a product manager at Ethereum research and development firm ConsenSys. On a proof-of-stake network like Ethereum, one’s stake equates to their power over the network; if one party accounts for enough of Ethereum’s stake (around 50-60%), they can theoretically slow it down or block certain kinds of transactions. “In terms of the protocol and the health of the protocol, having a large centralized entity controlling a lot of the stake is not ideal,” said Edgington. Read full article on Coin Desk The post How the SEC Could Reshape ..read more
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Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs
Coinparative
by Staff
1y ago
Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest Mining Expansion Bitcoin mining company, Iris Energy, announced plans to increase its self-mining capacity to 5.5 exahash per second (EH/s) from 2 EH/s. The company recently unplugged 3.6 EH/s of mining rigs in November 2022 after receiving a default notice from a lender. To obtain 4.4 EH/s worth of machi ..read more
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Subdued Volatility Expectations Suggest Traders Relaxed About Bitcoin, Ethereum Price Risks
Coinparative
by Staff
1y ago
Despite the recent pullback in cryptocurrency markets from multi-month highs hit earlier this month, options markets suggest that traders still have relatively subdued volatility expectations. Deribit’s Bitcoin and Ethereum Volatility Indices both remain close to record lows, according to data provided by The Block going back one year. The recent pullback in crypto prices that has seen Bitcoin fall back into the mid-$21,000s from earlier annual highs above $24,000 and Ethereum fall under $1,500 from earlier annual highs above $1,700 has been caused by a combination of 1) worries about a more ..read more
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VV Checks Capitulate | NFT CULTURE | Web3 Culture NFTs & Crypto Art
Coinparative
by Staff
1y ago
It’s no secret that the NFT market has been heating up over the past few months. With the success of projects like Jack Butcher’s Checks, it’s clear that NFTs are here to stay. However, the recent Super Bowl event may have thrown a wrench into the NFT market’s momentum. Jack Butcher’s Checks have been one of the hottest NFT projects for weeks. The value of Checks – VV Edition soared from its $8 mint to over $4,000 at peak. However, the market didn’t seem to take kindly to Super Burn Sunday, which saw many Checks owners migrate their Checks Editions to the new Originals collection. The results ..read more
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Hacking Crypto Wallets Is Latest Strategy in Quest to Recover Lost Billions
Coinparative
by Staff
1y ago
Early statistics on ether (ETH), the second-biggest cryptocurrency by market cap, are harder to come by. However, data provided to CoinDesk by Crypto Asset Recovery shows that 7% of presale wallets have never had any crypto move – suggesting the ETH in those wallets have just been sitting there, untouched, ever since the Ethereum blockchain went live in 2015. That’s 621 of the 8,893 wallet addresses, or 521,574.608 ETH (roughly $875 million today). Read full article on Coin Desk The post Hacking Crypto Wallets Is Latest Strategy in Quest to Recover Lost Billions appeared first on Coinparativ ..read more
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Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
Coinparative
by Staff
1y ago
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against Paxos and BUSD Following the news that the U.S. Securities and Exchange Commission (SEC) intends to take action against Paxos Trust Company over stablecoin Binance USD (BUSD), Binance CEO Changpeng Zhao (CZ) took to Twitter Monday to explain the situation. Paxos, which is regulated ..read more
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Is it Too Late to Buy XRP? Crypto Experts Give Their XRP Price Predictions
Coinparative
by Staff
1y ago
Things are not looking good for XRP. At least, that’s from a technical perspective. Regarding Ripple’s ongoing lawsuit against the US Securities and Exchange Commission, which accused the global crypto payments company of selling XRP as an unregistered security, no one knows what is going to happen. The judge presiding over the case is expected to make a ruling by the end of this quarter as to whether the case goes to trial or not and XRP bulls are hoping that Ripple might be able to force the SEC into a settlement. Regarding XRP’s technicals, the cryptocurrency’s ongoing slump since posting ..read more
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Zilliqa ROLL1NG THUND3RZ Web3 console, ecosystem launches soon
Coinparative
by Staff
1y ago
Ad Zilliqa co-founder Max Kantelia announced the launch of ROLL1NG THUND3ERZ, calling the progress made to date a “monumental achievement.” “I think this is a tremendous model for us as long as we are careful in selecting the right people, who have the right backgrounds, and the right visions for how they want to build long-term sustainable businesses.” Kantelia was speaking with Zilliqa’s Head of Gaming, Valentin Cobelea, in an AMA on the future of Web3 gaming when the announcement was made. ROLL1NG THUND3ERZ refers to a Web3 gaming and hardware company. Rather than adapting blockchain te ..read more
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Web3 game Omen to collaborate with ‘Game of Thrones’ star Nikolaj Coster-Waldau
Coinparative
by Staff
1y ago
The Nexo-backed play-to-earn title formerly called Realms of Ethernity is working to sign with United Talent Agency as part of the potential deal with Coster-Waldau.  Omen has so far partnered with blockchain ImmutableX and Huobi for the primary listing of its native token, RETH. Should the deal go through, the Game of Thrones fan-favorite would feature in the epic adventure title as a nonplayer character. Miami, Florida — Feb. 13, 2023 — Omen, the highly anticipated Web3 massively multiplayer online role-playing game (MMORPG), is proud to announce that it is in talks with the legendar ..read more
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Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases – Press release Bitcoin News
Coinparative
by Staff
1y ago
press release PRESS RELEASE. Abu Dhabi, 13 February 2023 — Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases. DAO Maker will actively assist in the development of the Venom ecosystem and contribute to the success of projects within the Web3 space. With DAO Maker’s support, Venom is confident that it will enable developers to make valuable contributions ..read more
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