Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value. While being a relatively young correction to energy-intensive proof-of-work (PoW) network validation, proof-of-stake has existed in theory since 2012. However, rising market cap of PoS tokens like Cardano (ADA) and Tezos (XTZ) over the past […]
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The NCSC has gone scorched earth on crypto scams. Over the past four months, the National Cyber Security Centre, or NCSC, removed over 300,000 URLs pertaining to fake celebrity-endorsed investment opportunities. More than a half of these sites belonged to fraudulent cryptocurrency investment schemes. Per an announcement published by the NCSC on August 14, an […]
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Former core Grin developer Gary Yu mined $118 worth of GRIN cryptocurrency in less than 24 hours with a Grin ASIC mining device. Grin (GRIN), a major privacy-focused cryptocurrency, is apparently no longer resistant to mining with Application-Specific Integrated Circuits — or ASICs — according to a former core developer. Gary Yu, a former core […]
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Bitcoin’s hash rate seems to be feeling the consequences of the drama at Bitmain. Bitcoin (BTC) mining activity doesn’t seem to be reacting to the recent price rally that took the asset from approximately $9,000 in early July to almost $12,000 at time of publication. According to data from Coinmetrics, hashrate spiked around July 7 […]
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PoS mining platforms are gaining traction globally but could use more polishing and real-life testing, according to experts. Over the course of the past few years, the cryptocurrency mining sector has started to gain a lot of mainstream financial traction. For example, market research firm Technavio recently released startling data claiming that the global mining […]
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How far has the Ethereum blockchain come in the five years since its inception? We explore key developments, changes and challenges. It would seem that five years is a relatively short time for an information technology company, but Ethereum has made colossal progress during this time, growing from its own initial coin offering project to […]
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The ASIC has received numerous reports on fake crypto trading robots and other schemes used to scam Australians. The Australian Securities and Investments Commission, or ASIC, is asking people to remain cautious about celebrity-endorsed Bitcoin (BTC) scam sites. According to the commission’s public warning, the Australian watchdog has received a number of reports of fraudulent […]
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While a 51% attack on Bitcoin will cost a billion dollars, Dash developers say an attacker needs more than money to attack the Dash network. Dash recently claimed it had been the world’s safest cryptocurrency for a year due to its innovative technology called ChainLocks that allegedly makes a 51% attack nearly impossible. Fully implemented […]
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ASIC miners are the best option for Bitcoin network security well into the future, new research has found. The wholesale embrace of Application-Specific Integrated Circuits (ASIC) mining for Bitcoin (BTC) could increase the cost of a 51% attack by a factor of up to 2,000. Rod Garratt University of California Santa Barbara presented the research […]
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Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin. Recent investments into cryptocurrency mining equipment by smaller players could be a positive signal for the longevity and value of Bitcoin (BTC). In late June, United States-based blockchain firm Core Scientific ordered over 17,000 of the latest Bitcoin […]
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