Privacy-centric cryptocurrency monero will reportedly switch to a new proof-of-work algorithm in October. Privacy-centric cryptocurrency monero (XMR) plans to switch to a new proof-of-work (PoW) algorithm in October. The new algorithm follows an agreement with permanent storage network Arweave, which will fund an audit of the new algorithm, an Arweave spokesperson told Cointelegraph via email […]
Continue Reading
The Australian financial regulator has warned the public against an alleged crypto-related scam operating with no license. The Australian Securities and Investments Commission (ASIC) has issued another warning on May 21 against an alleged crypto-related scam project. According to the report, the Australian financial regulator has today published a warning against an alleged scam entity […]
Continue Reading
Chinese payment giant WeChat bans crypto payments for merchants. On May 7, Dovey Wan, founding partner of crypto investment firm Primitive Ventures tweeted that the Chinese social media behemoth and payment service provider WeChat is set to ban merchants from making cryptocurrency payments. This ban marks the latest effort to stymie cryptocurrency usage in China, […]
Continue Reading
Code specifications for the first Ethereum transition phase to PoS could be prepared by the end of June. A code for the Ethereum (ETH) blockchain’s first-stage transition to a proof-of-stake (PoS) consensus algorithm could be completed by June 30, as stated in an Ethereum core developers meeting on May 2. In a bi-weekly call, Ethereum […]
Continue Reading
Plans to extract data from exchanges will enable authorities to audit traders themselves, should questions arise over tax payments. Australia’s tax agency, the Australian Tax Office (ATO), will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme, officials confirmed in a statement on April 30. The ATO, […]
Continue Reading
Ethereum core developer Hudson Jameson announced that an audit of the ASIC-resistant Proof of Work algorithm ProgPoW has been funded. Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core […]
Continue Reading
Chinese government is considering the elimination of crypto mining. On April 9, Reuters reported that a Chinese government agency is considering the elimination of crypto mining in the country. Given that China has been hosting the majority of mining pools on its soil, the global crypto industry might be poised to take a massive hit. […]
Continue Reading
While Bitmain is releasing the second Antminer for mining ZEC, the Zcash team is not in a hurry to fork the network and join the ASIC resistance campaign. Bitmain, the largest manufacturer of mining equipment, recently revealed the Antminer Z11 device for mining Zcash and other cryptocurrencies based on the Equihash algorithm, as reported by […]
Continue Reading
Chinese crypto mining giant and ASIC hardware producer Bitmain has announced a launch date of April 9th for its new energy-efficient Antminer S17 series miners. Chinese crypto mining giant and ASIC hardware producer Bitmain has announced a launch date of April 9th for its new energy-efficient Antminer S17 series miners. The news was revealed in […]
Continue Reading
The company thinks an uptick in Bitcoin prices prior to the halving will spur demand for mining hardware. Embattled cryptocurrency mining giant Bitmain has allegedly hinted the release of its new mining hardware could hinge on the 2020 Bitcoin (BTC) block reward halving. The news was reported by English-language Asia news outlet South China Morning […]
Continue Reading