Please Read Our Disclaimer

Avalanche Launches Its Multiverse Program With $290 Million

“Subnets might be the next great breakthrough in blockchain tech,” says Emin Gün Sirer, leader of the Avalanche Foundation. Avalanche, a blockchain platform, has announced the introduction of an incentive program called Avalanche Multiverse. The program will help drive the adoption of blockchain ecosystems designed for a particular app. These ecosystems are referred to as … Read more

China Nabs Illegal Miners As Ukraine Calls for Total Ban on Exchanges Servicing Russians

Chinese local authorities have busted a mining farm in Guangzhou and Jieyang, both in Guangdong, disguised as an electric vehicle charging station. The authorities disclosed the farms flaunted as an EV charging center but behind had several mining rigs. In total, the authorities claimed to have sized about 1,100 mining pieces of equipment from the … Read more

US Treasury to Launch Crypto-Focused Education Program

The US Department of Treasury (DOT) has outlined plans to establish an education program to inform people of virtual crypto investments and their risks. The DOT is convinced that more awareness of the dangers of digital asset investing would mitigate financial losses, especially as the market is on the mainstream level. A subsection of the … Read more

Circle Postpones the Launch of API, Cites Regulatory Reasons

Cryptocurrency payment service provider, Circle, has shared their reasons for postponing their long-awaited Application Programming Interface (API). Last Friday, the stablecoin issuer announced it had suspended the launch of API to the disappointment of many.  In the aftermath of the postponement, Circle revealed that it needed more regulatory insight and blockchain ID protocols before proceeding … Read more

HIVE Plans to Expand Mining Operations to Texas

Mining firm HIVE has revealed plans to expand its operations to Texas with the proposed acquisition of mining hardware. The publicly-traded firm will acquire the devices from a third-party, which will be powered by Intel’s ASIC.  In Proof-of-Work activities, ASIC or Application-Specific Integrated Circuit solve difficult mathematical problems to generate additional blocks on the network. … Read more

Cardano’s Founder Shares His Reasons For Not Donating to Ukraine

Various founders and stakeholders of the DeFi community have sent some cash in cryptocurrencies to Ukraine following its crypto donations request on the official Twitter account to intensify its fight against Russia. The request was well received as donations started pouring in from all quarters. As of the time of this publication, over $24 million … Read more

Bitcoin Playing a Vital Role In the Russia-Ukraine War

The Russia-Ukraine war may be the center of discussion in the last week, but there’s no denying the big role played by Bitcoin in the ongoing conflict. The use of the flagship cryptocurrency reached its peak, as citizens from both countries opted for the O.G crypto to complete most of its transactions.  Speaking of the … Read more

Proof-of-Work Debate Stalls European Union’s Decision On Cryptocurrency Bill

The debate over crypto mining and energy consumption has stalled European Union’s votes on the much-anticipated crypto market bill to the excitement of the crypto world. It was announced that the bill, a directive from MiCA, would be voted upon next week, precisely on February 28, in the European Parliament. It will be sent into … Read more

Expert Predicts Bitcoin to Decline Further

Many experts have predicted the price decline of bitcoin, from Stifel Bannister to famous BTC critic Peter Schiff, and Alex Kruger, the founder of asset management company Aike Capital. Last month, Kruger believed BTC could plunge to $30K if the inflation stat returned unfavorably. Well, he isn’t far from the figure, as BTC is trading … Read more

European Union Drafts Regulations to Limit Proof-of-Work Activities

Limiting the environmental impact of crypto mining has been one of the pressing issues facing countries and regional bodies. It’s a well-known fact that Proof-of-Work activities are energy-consuming and hurt the climate, which world leaders are clamoring to save. This has called on the attention of the European Union. According to reports, the regional body … Read more