Vitalik: Crypto is in a bubble, Bitcoin may get ‘left behind’ due to its power usage

Vitalik Buterin thinks crypto is in a bubble, but doesn’t have a prediction of when it will pop and he believes there is a “possibility” Ethereum will overtake Bitcoin in the future. Ethereum founder Vitalik Buterin thinks crypto is in a bubble and that the energy debate swirling around Bitcoin mining requires it to embrace...

Read More

Optimism grows for layer-two scaling after Etherscan integration

Full blockchain data is now available for layer-two platform Optimistic Ethereum. The Ethereum layer-two scaling solutions provider Optimism has announced a collaboration with blockchain analytics platform Etherscan. In an announcement on May 21, the technology provider declared it a major usability milestone, stating that it makes highly technical information easily searchable and human-readable. The firm...

Read More

ShapeShift takes aim at gas fees with new FOX token functionality

FOX holders will be able to offset gas fees proportionally to their token holdings. In a blog post today, noncustodial wallet and decentralized exchange aggregator ShapeShift announced expanded functionality for its FOX rewards token designed to mitigate gas fees — or, as the project put it, turn the token into “the Gas-Guzzling Philanthropist of the...

Read More

100M euro digital bond was a CBDC test, says Banque de France

European financial institutions are using pilots to make a case for the digital euro. It turns out the 100-million euro digital bond issued by the European Investment Bank earlier this week was actually a trial of a European central bank digital currency. A Thursday announcement from France’s central bank, Banque de France, revealed the digital bond was settled using...

Read More

We all know the issues with DeFi — but what are the answers?

High costs and transactions prioritized by gas fees often make using DeFi protocols challenging to say the least. Does it really need to be this difficult? Decentralized exchanges have indelibly changed the way that cryptocurrencies are traded. But in the grand scheme of things, the technology that’s driving these platforms is relatively young… meaning it’s...

Read More

Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns

China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint. China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular. Beijing sent an “emergency notice” to conduct checks on data centres...

Read More

BNY Mellon fund laments it should have bought Bitcoin, not gold

SEC filings show that America’s oldest bank has attributed the underperformance of its small-cap ETF to failing to buy MicroStrategy shares after the firm invested heavily in BTC. U.S.-based financial institution BNY Mellon, the world’s largest custodian bank and asset servicing company, states that the recent performance of one of its exchange-traded funds, or ETFs,...

Read More

Nvidia again limiting crypto mining on its RTX-3060 gaming graphics card

After accidentally unlocking its own hash rate limiter in a driver update, Nvidia has announced it will lock new cards again by reducing the mining capacity by 50%. Graphics card giant Nvidia is quietly reintroducing a hash rate limiter on its RTX 3060 series graphics cards in an effort to disincentivize cryptocurrency miners. On Thursday,...

Read More

Bullish ETH/BTC pair revives the Ethereum ‘flippening’ discussion

Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening. Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28,...

Read More

Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger

Will Inverse set a precedent for protocols acquiring protocols? In a possible decentralized finance (DeFi) first, Inverse Finance’s governance has approved today a proposal to buyout Tonic Finance in a $1.6 million-dollar deal that will bring Tonic under Inverse’s umbrella. First floated after “weeks of negotiation” in early April, members of the Inverse Finance DAO...

Read More
Generated by Feedzy

2 in 1 Power Indicator Free Trial