Category: Cryptocurrency News

I think I created a domain with IPFS (noob here) and I wanted to use a readable name like what unstoppable domain or ethereum name service does but their services are quite expensive. Is there some way of doing this for free, maybe with code or something similar? What’s the point of these domains then…
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A statement from Anthony Scaramucci has revealed the total crypto worth of an Alternative investment firm in Australia’s SkyBridge Capital. He stated that SkyBridge holds crypto worth $700 million presently. The alternative investment firm has filed for a cryptocurrency company ETF which simply means a crypto-based exchange-traded fund. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course They did this on Tuesday, aiming to increase their digital currency offerings. SkyBridge Capital also revealed its plans for the Algorand fund during the SALT conference held within the week in New York. SkyBridge Crypto Assets Worth SkyBridge founder Anthony Scaramucci while addressing CNBC, stated that the firm raised over $100 million for the new Algorand fund. Anthony was also the former Director of White House Communications. It was Scaramucci who valued the company’s crypto-assets to be about $700 million. The CEO reaffirmed that crypto has come to stay. However, he added that if regulations plan to fan the increasing adoption of digital asset technology, they should take quick action. Anthony explained the crypto adoption as similar to Uber, which the regulators planned to knock out of the system. But the people later won because they accepted its use. He predicts that the United States will start recording up to 200 million crypto users in no distant time. The SkyBridge CEO made these comments when spectators were concerned about having a regulatory crackdown maned by SEC. Gary Gensler, the head of SEC, had characterized the crypto sector as rife associated with abuse and fraud. But Anthony Scaramucci, despite his disagreement, appreciated Gary for his stake in crypto. He explained that Gary had many people that are yet to understand crypto in Congress fully. As a result, they have a lot of negativity, and he will call on elites like Elizabeth Warren to attend such a conference. However, sitting with members of the industry will make her understand the protocols better. Anthony suggests that the need to carry everyone alone by educating them. Other Finance Magnates Opinion Other finance lords in their speech didn’t share Anthony’s optimism. Instead, they doubted the possibility of crypto adoption outrunning the grip of strong-handed regulations. Related Reading | While Broader Crypto Market Holds Its Collective Breath, Whales Are Loading Up On Bitcoin Ray Dalio predicted that as the digital assets popularity increases, it would attract the attention of lawmakers. ALGO is currently down by 4% at the time of writing | Source: ALGOUSD on TradingView.com However, while speaking to CNBC, he said that even if the crypto adoption successfully increases, the lawmakers will kill it. He believed that lawmakers would succeed in killing it as they have their ways of doing so. Dalio explained that every monetary asset that offers a cash alternative is worth considering, including Bitcoin. Featured image from Finance Magnates, chart from TradingView.com

Seven days ago, non-fungible token (NFT) marketplaces saw sales nosedive after reaching all-time highs during the month of August. A week later sales have rebounded to a degree and NFT marketplaces like Opensea, Rarible, and Superrare have seen improvements in terms of seven-day trade volumes. Opensea, Rarible, Hic et nunc, Makersplace, Superrare See NFT Weekly […]

I came across this horrific product on Amazon that people are actually buying and that puts them at risk of losing all of their investments. It is a large, physical coin with a private key etched into the back and the public key taped over said private key. I won't link to the actual product…
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There have been many studies that have highlighted the carbon footprint and electricity usage problems of Bitcoin transactions. Founder of Digiconomist Alex de Vries and researcher at MIT’s Center for Energy and Environmental Policy Research, Christian Stoll, released a new study that shines a light on the electronic waste that Bitcoin generates. Related Reading | How Elon Musk Is The Answer To Bitcoin Energy FUD This study, “titled Bitcoin’s growing e-waste problem”, provides new insights into another major component of Bitcoin’s wasteful design. The Electronic Waste Problem Of Bitcoin Most studies have ignored the fact that Bitcoin miners go through a large amount of short-lived hardware that could increase global electronic waste growth. “E-waste represents a growing threat to our environment, from toxic chemicals and heavy metals leaching into soils, to air and water pollutions caused by improper recycling.” According to the study, a single transaction generates 272 grams of e-waste, the same amount of electronic waste as throwing two iPhone 12 minis in the bin. In 2020 the bitcoin network processed 112.5m transactions (compared with 539bn processed by traditional payment service providers in 2019). “Bitcoin’s annual e-waste generation adds up to 30.7 metric kilotons as of May 2021,” they claim. “This number is comparable to the amount of small IT and telecommunication equipment waste produced by a country like the Netherlands.” This figure could increase to more than 64.4 metric kilotons of waste. They also point out that the demand for mining hardware already today disrupts the global semiconductor supply chain, which is currently suffering a global shortage due to increased need in the coronavirus pandemic, as well as a US-China trade war and drought in Taiwan. BTC trading at $47.6K | Source: BTCUSD on TradingView.com Additionally, Bitcoin mining has evolved from a simple activity done on a laptop to a complex and very expensive game done through powerful ASICs (application-specific integrated circuits). These ASICs are specifically designed to mine crypto transactions. And as technology changes, miners have to constantly replace their ASICs with newer, more powerful ones to stay competitive. Therefore, these single-purpose ASIC chips quickly become waste. According to the researchers, “The lifespan of bitcoin mining devices remains limited to just 1.29 years,” Researchers in Europe and the U.S. also claim that miners have been dumping tens of thousands of tonnes every year of ASIC rigs and contributing to the ever-growing environmental challenge. Alex and Stoll also warn that the e-waste problem will probably grow further if the price of the cryptocurrency continues to rise since it will incentivize further investment in and replacement of ASIC hardware. Related Reading | Why Bitcoin Could Rise To $53K, Here Are The Risks Bulls Must Overcome If the community were to try to reduce its e-waste problem, the paper concludes, it would need to replace the bitcoin mining process in “its entirety with a more sustainable alternative,” One of those alternatives is “proof of stake” instead of “proof of work”, as an experimental replacement. “The first miner who finds a PoW [proof of work] that satisfies predetermined conditions broadcasts the block to all nodes in the network. The receiving nodes express their acceptance of the new block by building on top of it”, the paper explains. Featured image from Interesting Engineering, Chart from TradingView.com

The Mina Protocol is a smart contract compatible proof of stake (PoS) cryptocurrency blockchain. It’s designed to have a constant blockchain size of 22 kilobytes. On the other hand, traditional blockchains like BTC and ETH grow larger as each block is added. As these blockchains keep growing, eventually the data will be so large that…
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I full expect to get downvoted to oblivion because this Sub loves altcoins. Out of the top 100 coins from 2017, only 32 are in the top 100 now. Around 10 of them don’t even exist anymore. My point here is that it is easy to get excited about the next big altcoin, when in…
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