Neowin News Feed for: Ethereum

PayPal launches its own stablecoin, PayPalUSD (PYUSD), for payments

Omer Dursun — Mon, 07 Aug 2023 15:20:01 +0000

PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos. Read more...

Microsoft reportedly plans to turn Edge into a crypto and NFT wallet

Taras Buria — Fri, 17 Mar 2023 17:22:01 +0000

It looks like Microsoft wants to supercharge its browser with another head-scratching feature: a built-in "non-custodial crypto wallet" for storing your digital crypto tokens and NFTs. Read more...

Bitcoin investors moving funds to personal wallets at historic rate after FTX collapse

Paul Hill — Mon, 14 Nov 2022 10:24:02 +0000

Glassnode has reported huge outflows of Bitcoin from exchanges to self-custody wallets. It comes following the collapse of FTX. More investors now realize it's not safe to leave funds on exchanges. Read more...

Scammers used Ethereum's switch to proof-of-stake to steal millions of dollars

Paul Hill — Wed, 02 Nov 2022 20:16:02 +0000

The Ethereum Merge that took place in September led to scams rising significantly, according to Chainalysis. The countries most affected by the scams were the United States and India. Read more...

The Jack Dorsey tweet NFT has further slumped in value, lowest bid stands at $1.62

Fiza Ali — Sat, 29 Oct 2022 14:00:01 +0000

The Jack Dorsey tweet NFT, which originally fetched Dorsey $2.9 million, has refused to up its value. The current bid is not even remotely near the price Estavi paid to get his ownership tag on it. Read more...

The Middle East & North Africa (MENA) region saw a 48% growth in crypto usage

Paul Hill — Wed, 05 Oct 2022 18:54:01 +0000

People in the Middle East & North Africa region have been turning more towards cryptocurrencies to pay remittances and preserve the value of their savings where major inflation is underway. Read more...

Ethereum price fluctuations suggests loyal cryptominers lack conviction about The Merge

Alap Naik Desai — Mon, 19 Sep 2022 22:10:01 +0000

Ethereum cryptocurrency and its loyal crypto-miners are at an inflection point. The transition from PoW to PoS was smooth, but that has made expensive crypto mining rigs all but irrelevant. Read more...

Cryptominers are already complaining about the lack of benefits from PoS Ethereum

Alap Naik Desai — Fri, 16 Sep 2022 19:48:01 +0000

Despite bringing down the computational requirements by transitioning to a proof-of-stake (PoS) method of validation, neither the Gas fees nor the time taken for transactions, are coming down. Read more...

Ethereum's energy usage and crypto-coin price plummeted after 'The Merge'

Alap Naik Desai — Thu, 15 Sep 2022 22:02:01 +0000

Ethereum finally completed "The Merge". While moving to a Proof of Stake validation will bring down energy usage, the transition has already pulled down the cryptocurrency's exchange price. Read more...

Google adds a countdown timer for the upcoming Ethereum merge

Paul Hill — Mon, 12 Sep 2022 06:16:01 +0000

Google has added a new countdown clock marking the days and hours to the merge, where Ethereum will switch to proof-of-stake. At the time of writing, the timer is reading less than three days. Read more...

Dutch government arrests suspected developer of Ethereum mixing service, Tornado Cash

Paul Hill — Fri, 12 Aug 2022 11:38:02 +0000

Dutch authorities have arrested a suspected developer of Tornado Cash, an Ethereum mixing service. It comes after the U.S. sanctioned the service for allegedly mixing criminally gained crypto. Read more...

Bipartisan U.S. legislation would make crypto more suitable for everyday purchases

Paul Hill — Tue, 26 Jul 2022 19:48:01 +0000

Bipartisan legislation being proposed would make small crypto transactions exempt from capital gains taxes in the U.S. This could help cryptocurrencies better perform their namesake task. Read more...

U.S. government employees are now barred from writing crypto policies if they are invested

Usama Jawad — Thu, 07 Jul 2022 11:52:01 +0000

The U.S. government has banned employees from participating in public matters related to cryptocurrencies, such as the formulation of laws, if they have invested in cryptocurrencies and stablecoins. Read more...

Polium One is an upcoming shady looking console for Web3 games

Usama Jawad — Tue, 05 Jul 2022 07:30:02 +0000

Polium One has been announced as the next-gen console for Web3 gaming. However, it has received a lot of criticism because it exists only as a render for now and has grave errors in documentation. Read more...

Harmony blockchain bridge hacked to loot $100m in crypto

Anushe Fawaz — Sat, 25 Jun 2022 06:02:02 +0000

A hacker successfully conducted a malicious attack to steal $100 million from Harmony's Horizon bridge. The FBI and multiple cybersecurity and exchange partners are now investigating the matter. Read more...

Miners flood market with GPUs they no longer need as cryptocurrencies crash

Taras Buria — Tue, 21 Jun 2022 12:46:01 +0000

Miners and e-cafes in China are now flooding the market with the graphics cards they no longer need. As crypto crashes, mining becomes financially inefficient, thus forcing miners to sell their GPUs. Read more...

Ukrainian government raises $100,000 from the sale of a donated CryptoPunks NFT

Paul Hill — Tue, 21 Jun 2022 02:16:40 +0000

Ukraine has just sold a donated CryptoPunks NFT for a huge 90 ETH - about $100,000 at the time of sale. The country will use the proceeds to buy more equipment for its war effort to repel Russia. Read more...

Cryptocurrency miners in deep waters with Iran's new policy

Anushe Fawaz — Mon, 20 Jun 2022 11:40:01 +0000

Crypto miners will observe power supply cuts to avoid a possible rise in the country's electricity consumption. Iran noticed record-high demand last year. This year, it aims to act promptly. Read more...

Jack Dorsey's NFT tweet which sold for $2.9 million now has a highest buy offer of $29

Usama Jawad — Wed, 08 Jun 2022 05:16:01 +0000

An NFT of former Twitter CEO Jack Dorsey's first tweet originally sold for $2.9 million in 2021. However, it now has a highest buy offer of only $29, which is a colossal drop of 99.9999%. Read more...

Smaller cryptocurrencies could plummet in price according to people in the industry

Paul Hill — Fri, 03 Jun 2022 17:56:01 +0000

Industry insiders have warned that smaller cryptocurrencies face collapse amid the wider economic woes taking place. Some think this will be good as many junk projects will be removed from play. Read more...

Instagram's Digital Collectibles offers a new monetization opportunity

Fiza Ali — Tue, 10 May 2022 15:40:01 +0000

In an attempt to bring NFTs to a broader audience and to provide new monetization opportunities to its users, Instagram is testing digital collectibles with some U.S. creators and collectors. Read more...

Nobody wants to pay more than $7,000 for NFT of Jack Dorsey's tweet which first sold for $2.9M

Usama Jawad — Thu, 14 Apr 2022 05:26:01 +0000

An NFT of the first tweet ever sold for $2.9 million to crypto entrepreneur Sina Estavi last year. However, Estavi is now struggling to get a bid of over $7,000 for the same NFT while demanding $50M. Read more...

Former Ethereum developer sentenced to over five years in prison for helping North Korea

Usama Jawad — Wed, 13 Apr 2022 08:06:01 +0000

Former Ethereum developer Virgil Griffith has been sentenced to over five years in prison and a $100,000 fine for helping North Korea in leveraging cryptocurrencies to evade U.S. sanctions. Read more...

Second-largest crypto heist: Ronin discovers losing over $600 million after almost a week

Fiza Ali — Tue, 29 Mar 2022 20:14:01 +0000

In a recent cybertheft event, hackers stole over $600 million worth of cryptocurrencies from Sky Mavis' Ronin Network Bridge on March 23rd. The company noticed the security breach on March 29th. Read more...

EU Parliament committee decides not to ban proof-of-work cryptos

Paul Hill — Mon, 14 Mar 2022 18:48:01 +0000

A European Union Parliament committee has decided not to ban proof-of-work cryptocurrencies in the bloc. Such a ban would have affected the most popular cryptos including Bitcoin and Ethereum. Read more...

Millions of dollars worth of crypto being sent to Ukraine at request of the government

Paul Hill — Sun, 27 Feb 2022 16:28:01 +0000

Cryptocurrencies are being used to facilitate the transfer of millions of dollars in aid to Ukraine. The firm Elliptic said that over $16.7 million has been sent to the Ukrainian government and NGOs. Read more...

Cryptocurrencies see sharp price drop across the board as Russian invasion begins

Paul Hill — Thu, 24 Feb 2022 09:44:01 +0000

Cryptocurrencies including Bitcoin saw a sharp drop in their prices today following Russia's invasion of Ukraine. The decline in prices anticipated European stock markets which are all down. Read more...

Mobile crypto platform, SwissBorg, announces environmental and fee reduction plans

Paul Hill — Wed, 16 Feb 2022 04:22:01 +0000

SwissBorg held its annual meeting earlier, it outlined plans to scrap fees for P2P payments between SwissBorg users and its plan to reduce emissions related to crypto use on its platform. Read more...

Research suggests quite a number of people would like to be paid in bitcoin

Paul Hill — Tue, 11 Jan 2022 11:34:01 +0000

A new survey from Paysafe suggests that many people who hold cryptocurrencies would like to be paid in blockchain-based digital assets. Many responders also believe everyone will own crypto soon. Read more...

Chainalysis: Cryptocurrency crime hit an all-time high last year

Paul Hill — Thu, 06 Jan 2022 18:32:02 +0000

New data from Chainalysis shows that illicit cryptocurrency funds reached an all-time high in 2021, totalling $14 billion. Scams were the largest source of these illicit funds followed by theft. Read more...

Bitcoin just fell 10% reaching $43,000 weeks after analysts predict a bull run

Paul Hill — Sat, 04 Dec 2021 09:46:01 +0000

Bitcoin has tumbled more than 10% this morning hitting $43,000. This comes just weeks after Bitcoin hit a new high of $69,000. El Salvador's President also tweeted to say the country bought more BTC. Read more...

India may not impose an outright ban on crypto according to crypto exchange co-CEO

Paul Hill — Thu, 25 Nov 2021 08:24:01 +0000

India may not ban cryptocurrencies outright after all, according to Zebpay co-CEO Avinash Shekhar. Based on meetings with the finance committee he believes high taxes on crypto will be levied instead. Read more...

CoinGecko data suggests total cryptocurrency market cap has passed $3 trillion

Paul Hill — Mon, 08 Nov 2021 19:06:01 +0000

The cumulative cryptocurrency market cap has passed $3 trillion according to data from CoinGecko. It passed the $1 trillion and $2 trillion marks earlier this year too, just months apart. Read more...

Cryptocurrency with Ethereum & Solidity Blockchain Developer Bundle Price Dropped to $20

Neowin Deals — Thu, 14 Oct 2021 14:00:01 +0000

Learn more about the future of currency and technology with 35 hours of content on blockchain development and solidity Read more...

China reportedly clamps down on cryptocurrency transactions

Paul Hill — Fri, 24 Sep 2021 15:56:01 +0000

The People's Bank of China has clarified that trading cryptocurrencies inside the country is illegal. As its argument, the PBOC said cryptos are dangerous because people can lose their assets. Read more...

Poly Network receives all its crypto back after huge heist

Paul Hill — Mon, 23 Aug 2021 14:50:01 +0000

Poly Network, the crypto platform that was recently hacked and had millions in cryptocurrencies stolen, has confirmed that it has received all the money back from the hacker and is restoring service. Read more...

PayPal brings its cryptocurrency services to the United Kingdom

Paul Hill — Mon, 23 Aug 2021 13:16:01 +0000

PayPal has expanded its cryptocurrency service to users in the UK. With the new service, people will be able to buy Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for as little as £1. Read more...

Lionel Messi's PSG package includes payment in crypto Fan Tokens

Sayan Sen — Thu, 12 Aug 2021 13:28:01 +0000

PSG has announced today that some part of the payment package for the club's newly signed Lionel Messi will consist of digital Fan Tokens ($PSG). These tokens give the owner some influence over clubs. Read more...

New Radeon RX 6600 XT is reportedly super-efficient at crypto mining

Sayan Sen — Wed, 11 Aug 2021 18:18:01 +0000

The Radeon RX 6600 XT may be the most power-efficient Ethereum mining GPU according to a video that shows its alleged performance. The card is apparently doing 32MH/s while sipping just 55W of power. Read more...

Consumers with crypto-backed debit and credit cards could face hefty tax bills

Paul Hill — Mon, 09 Aug 2021 23:56:01 +0000

Accountants and financial advisors have warned that people may unknowingly be accruing high capital gains tax bills by using crypto-based debit and credit cards to make purchases in stores. Read more...