Monero Developers Consider Adopting New Proof-of-Work Algorithm in October

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 […]

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Crypto Markets Turning Green, Oil Prices Tumble

Cryptocurrency markets are turning green, having overcome the drop in the beginning of the day. Thursday, May 23 — Cryptocurrency markets are starting to move upward, having overcome the drop in the beginning of the day, according to Cointelegraph’s Coin360. Market visualization from Coin360 The leading cryptocurrency bitcoin (BTC) started the day at $7,638 gradually […]

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Ryan Kavanaugh’s Media Firm Secures $100 Million Investment for Crypto Project

Film producer Ryan Kavanaugh’s media firm Proxima Media has reportedly earmarked a $100 million investment for a cryptocurrency project. United States-based film producer Ryan Kavanaugh’s Proxima Media has unveiled a $100 million investment for a cryptocurrency-based film funding tool, entertainment industry news outlet TheWrap reported on May 23. Per the report, Proxima Media — which […]

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Grayscale Gets Regulatory Nod From FINRA for Ethereum Trust to Trade on OTC Markets

The company’s ETHE is its third product to make the grade, following analogs for bitcoin and ethereum classic. American digital asset manager Grayscale Investments confirmed its Ethereum Trust (ETHE) has gained regulatory approval from the Financial Industry Regulatory Authority (FINRA) for retail trading. The news was announced in a press release issued on May 23. […]

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