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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The cumulative cryptocurrency market cap has passed $3 trillion according to data from CoinGecko. It passed the $1 trillion and $2 trillion marks earlier this year too, just months apart.
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The People's Bank of China has clarified that trading cryptocurrencies inside the country is illegal. As its argument, the PBOC said cryptos are dangerous because people can lose their assets.
Poly Network, the crypto platform that was recently hacked and had millions in cryptocurrencies stolen, has confirmed that it has received all the money back from the hacker and is restoring service.
PayPal has expanded its cryptocurrency service to users in the UK. With the new service, people will be able to buy Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for as little as £1.
PSG has announced today that some part of the payment package for the club's newly signed Lionel Messi will consist of digital Fan Tokens ($PSG). These tokens give the owner some influence over clubs.
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.
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.
Ethereum has completed a network upgrade called London. The London upgrade should stabilise transaction fees on the network. In the past they have fluctuated wildly to become expensive at times.
The insolvency firm Begbies Treynor has warned governments could miss out on huge sums of tax if they do not get to grips with cryptocurrencies and put regulations and tax measures in place.
A farmer from the UK has started using the waste produced from his farm's cows to mine Ethereum cryptocurrency using GPU mining rigs. What's more, the business appears to be growing.
The Norton 360 antivirus program is getting a feature that would allow users to mine Ethereum cryptocurrency within the application itself. It also features a cloud-based coin storage wallet.
The end of 2020 saw a rise in the prices of cryptocurrencies which caused a rise in mining. However, if you are still not sure about mining then you can check out our guide to set up a mining rig.
Reports suggest President Biden will increase the capital gains tax to 39.6%. This has sent the price of bitcoin and other cryptocurrencies tumbling but it's too early to say what will happen next.