Will the Ethereum 2.0 update reduce high gas fees?

Purpose of Ethereum 2.0 The primary goal of the Ethereum 2.0 update is to improve scalability so that the network can handle more transactions without delays or high fees.  While the full effects of the update will not be felt until it is fully rolled out, some of the possible use cases for Ethereum 2.0 include: Supporting the large-scale enterprise adoption of blockchain technology in private corporations and businesses; Creating more decentralized autonomous organizations (DAOs)  and governance models based on smart contracts and trustless interactions; Ethereum token launches that will…

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Bitstamp asks users to update the source of their crypto, citing regulatory compliance

Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth. In an email notification to users on Wednesday, Bitstamp informed its customers about the ongoing policy upgrades on the platform, with the exchange seeking additional info about its clients, one Bitstamp user told Cointelegraph. The email reads: “We work closely with our regulatory partners to ensure we continue to be your trusted exchange. Towards this, we need your account information to be updated, to provide you with the…

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Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts. According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Kazakhstan was housing over 18% of the world’s BTC hash rate as of August 2021, following only the United States. Kazakhstan’s BTC mining power increase was driven partly by the massive Chinese miners’ exodus triggered by China’s cryptocurrency crackdown. Prior to falling to zero as of August 2021, China’s BTC…

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Here’s a live update of the biggest movers and shakers of Day 2

Some of crypto’s most influential people headlined the second day of Bitcoin 2021 Miami, offering words of wisdom about the future of decentralization, privacy and financial inclusion. Day 2 began with a panel discussion centered around Bitcoin’s macro landscape, where Morgan Creek Digital founder Mark Yusko drew attention to the destruction of the dollar caused by the Federal Reserve’s endless money printing. “Thirty-nine percent of all dollars were created in the last 12 months,” he said, adding that the U.S. dollar is “the biggest shitcoin of them all.”  The heavy…

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Cardano’s upcoming Alonzo smart contract update takes ADA to new highs

Cardano (ADA) has become one of the most prominent upcoming blockchain networks. Its native token, ADA, has risen to become one of the top 10 cryptocurrencies in the world by market capitalization in a short time span. It currently ranks seventh, with a market capitalization of over $41 billion. It accounts for nearly 2% of the entire cryptocurrency market. According to data from CoinGecko, Cardano hit an all-time high of $1.55 on April 14.  The Cardano Foundation is led by one of the most eminent figures in the cryptocurrency community,…

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RTX 3060 Ether mining accidentally unlocked by Nvidia’s own update

A software update released by Nvidia inadvertently bypassed the Ether (ETH) mining block the firm placed on its own GeForce RTX 3060 graphics card. A spokesperson for Nvidia confirmed on Tuesday that the latest 470.05 driver update was mistakenly released with code intended for use only by Nvidia developers, which allowed for the removal of the hash rate limiter. “A developer driver inadvertently included code used for internal development which removes the hash rate limiter on RTX 3060 in some configurations,” said an Nvidia spokesperson, as reported by The Verge.…

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A status update on the Kin ecosystem and Kin tokens

Much has been written about the Sept. 30, 2020, decision by Judge Alvin Hellerstein of the Southern District of New York in the U.S. Securities and Exchange Commission vs. Kik Interactive.  In that order, the judge ruled in favor of the SEC’s motion for summary judgement, applying the Howey Test in the course of determining that Kik Interactive had violated the federal securities laws by selling contractual rights to acquire Kin tokens and later by issuing and selling the Kin tokens themselves. Less has been said about the actual final…

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0x (ZRX) price rallies 35% ahead of v4 mainnet update

Decentralized exchanges (DEX) are a giant leap in permissionless and transparent trading, and they exist as fantastic alternatives to centralized exchanges.  While DEXs ease the process of listing new ERC-20 tokens and remove the need to pay a central authority high listing fees, they stil have the issue of high gas fees. This is precisely the issue 0x Protocol (ZRX) aims to solve. The 0x Protocol (ZRX) ICO raised $24 million in August 2017 for 50% of its supply, with no pre-sale. As an ERC-20 token, the permissionless Protocol connects…

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Dash announces new update, social payment wallet enters testnet

Dash has moved development work on the v0.17 of its platform to the testnet phase according to an announcement released on Wednesday. Back in July, Cointelegraph reported that the Dash Core Group was looking to release the platform testnet before the end of the year. As part of the announcement, Dash revealed that the testnet environment being five times larger than Evonet which is almost exclusively owned by the Dash Core Group. According to Dana Alibrandi, the head of product at Dash: “This is the biggest deployment of Dash Platform,…

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Amid IRS bounty and competitor progress, Monero developers ship a major update

First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed ‘Oxygen Orion.’ The product of 30 contributors, the update promises significant improvement across nearly all aspects of the privacy-focused cryptocurrency’s performance.  The highlight of the new update is the compact linkable spontaneous anonymous group (CLSAG) feature. According to the Monero blog, CLSAG will reduce transaction sizes by 25% and improve transaction times by 10% while maintaining transactional privacy. The developers wrote:  “CLSAG enables smaller and faster transactions with…

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