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The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Dubrovsky, revealed the nonprofit Powx has recently submitted a Bitcoin Improvement Proposal (BIP) that aims … Read more
The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to pay $27 million in restitution plus a civil penalty of … Read more
The price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64. … Read more
The Ethereum community has been debating a proposal called ProgPoW as many ETH proponents believe the Programmatic Proof-of-Work function will alter the network significantly. The contentious topic has seemed to galvanize the community, with the ProgPoW proposal favored by a significant proportion while being detested by others. A few Ethereum participants were shocked on February … Read more
Algorithms are at the heart of 21st century life, invisibly controlling many of the systems we use and take for granted on a daily basis. Pervasive algorithms determine the entertainment we consume (Netflix, Spotify), the information we read (Google), and the chatter we hear (Facebook, Twitter). It’s no different in crypto, where complex and ever-evolving … Read more
US authorities continue to crack down on any crypto scheme that seems illegitimate. Trading Club is now on the radar of the SEC and CFTC. There is a lot of interest in trading cryptocurrencies these days. Trading Club Wasn’t Helping Investors Most people would love to join a trading group for signals and potential profits. … Read more
Pick an industry – any industry – and you can virtually guarantee that AI will have been hailed as its next big thing. The cryptocurrency sector is no different, with many of 2017’s ICOs shoehorning the concept into their whitepapers somewhere in a bid to appear “cutting edge” and in touch with the zeitgeist. But … Read more
The Satoshi Revolution: A Revolution of Rising Expectations. Afterword by Wendy McElroy I meant to end this book by discussing the blockchain’s impact on physical violence, on crimes of violence. I can’t. I don’t think there is an impact. I don’t know how the blockchain can prevent back-alley rapes, for example. I could talk about … Read more
Cryptocurrency mining has in many respects become an industrialized business. But despite the concentration of hashing power, the increasing difficulty and diminishing returns, in some cases it can still be profitable to mint coins as an amateur miner, probably the most honest way to earn some digital cash. Here’s a guide on how to build … Read more
Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the rising threat of 51% attacks. Although initially devised with the company’s own ASIC miner in … Read more
