[ad_1] Ether (ETH) price is down 37.5% in the last 7 days and recent news reported that developers decided to postpone the network's migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for the past 6 years.Competing smart contracts like BNB Token (BNB), Cardano (ADA) and Solana (SOL) outperformed Ether by 13%
[ad_1] A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining.In a Thursday letter, many U.S. lawmakers including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer addressed EPA administrator Michael Regan, requesting the government agency analyze the potential impact of crypto mining in an effort to balance innovation with environmental concerns.
[ad_1] The Russian government continues establishing links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and payments.Russia’s state-owned gas giant Gazprom Neft has entered into a partnership with BitRiver, the largest crypto mining colocation services supplier in Russia providing hosting services for major crypto mining operations. Gazprom will provide BitRiver's partner data centers with electricity generated from the associated petroleum gas, the companies officially
[ad_1] Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets. The firm, which also goes by 3AC, has hired legal and financial advisers to explore solutions for its investors and lenders, The Wall Street Journal reported Friday. Several options are
[ad_1] Cryptocurrency derivatives exchange FTX has entered into an agreement to purchase Canada-based crypto platform Bitvo.In a Friday announcement, FTX Trading Limited said it planned to acquire Bitvo as part of the crypto exchange’s effort to offer its products and services to Canada-based users. The company added that the deal was “subject to regulatory approval and customary closing conditions,” but expected to close in the third quarter of 2022."We are
[ad_1] NFT.NYC, one of the largest nonfungible token events, is preparing to open its doors for a fourth year, celebrating the diversity of NFTs across 16 sectors, including art, film, sports and ticketing. Held from June 20 to 23 in New York City, the blockbuster event will serve as a global melting pot of everybody who's anybody in the NFT world, showcasing 1,500 speakers across panels, talks, fireside chats and hundreds
[ad_1] Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader plans to go "all in" on BTC at $14,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher.The pair remained skittish but within a narrow range as market participants waited to see how
[ad_1] Crypto exchange Binance has courted controversy almost from its 2017 beginnings, and five years later, the dustups continue. On June 6, the United States Securities and Exchange Commission was reported to be investigating whether Binance Holdings broke U.S. securities rules in launching its digital tokens. Meanwhile, on the same day, Reuters published a scathing 4,700-word “special report” titled “How crypto giant Binance became a hub for hackers, fraudsters and
[ad_1] The United Arab Emirates has launched the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s foundation day.Emirates Post Group, a government-owned post office launched the first edition of the modern postage stamp with four editions. Each physical stamp in the collection comes with a digital version.[embed]https://www.youtube.com/watch?v=d7tv7V8KB5A[/embed]The most expensive edition is the “Golden Jubille 2021,” which has a total of 2021 pieces and costs
[ad_1] The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This was recently highlighted by Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — in remarks she made at “The Regulatory Transparency Project Conference on Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?”Peirce began her speech by emphasizing the
