Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last […]

Cybercriminals for the Democratic People’s Republic of Korea (DPRK) affirmed themselves as an advanced persistent threat to the cryptocurrency industry in 2021, Chainalysis reported.

The post North Korean hackers are sitting on $170 million worth of unlaundered crypto  appeared first on CryptoSlate.

Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s general manager for hardware, Thomas Templeton. We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Block Is Working On Bitcoin Mining Thomas Templeton, Block’s general manager for hardware, set out the company’s next moves in a series of tweets. “From buying, to set up, to maintenance, to mining,” Templeton said, the goal is to make bitcoin mining — the process of creating new bitcoins by solving increasingly hard computing tasks — more dispersed and efficient in every aspect. According to Templeton, making the mining process more accessible is about more than just creating more bitcoin. Templeton wrote: “We want to make mining more distributed and efficient in every way, from buying, to set up, to maintenance, to mining. We’re interested because mining goes far beyond creating new bitcoin. We see it as a long-term need for a future that is fully decentralized and permissionless.” The initiative is focused in combining performance and open-source design in a “elegant system integration,” according to Templeton. The company is looking for technologies and partnerships that could help the idea, which is currently being developed by Block’s hardware team. Afshin Rezayee is leading a dedicated team of engineers to the endeavor, and available positions include electrical engineers, software and analog designers, ASIC engineers, and layout engineers. BTC Market cap down from last year's ATH. Source: TradingView The bitcoin mining system developed by Block aims to improve three areas of bitcoin mining: availability, reliability, and performance. The goal is to make mining rigs easier to identify and buy, while also providing a consistent delivery experience; improve dependability by designing something that can better dissipate heat and dust; and boost performance while consuming less power. “Common issues we’ve heard with current systems are around heat dissipation and dust. They also become non-functional almost every day, which requires a time-consuming reboot. We want to build something that just works,” Templeton tweeted. “They’re also very noisy, which makes them too loud for home use.” Related article | Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take a 15% Cut Dorsey Wants To Democratize BTC Mining The mission statement of this project includes democratizing bitcoin mining access. Dorsey wrote in October: “Mining isn’t accessible to everyone. Bitcoin mining should be as easy as plugging a rig into a power source. There isn’t enough incentive today for individuals to overcome the complexity of running a miner for themselves.” The news corresponds to Dorsey’s announcements from 2021. Dorsey tweeted, Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions. — jack⚡️ (@jack) October 15, 2021 Block’s news comes only months after the United States overtook China as the world’s top bitcoin mining destination for the first time. Renewable energy sources abound in the United States. Hydropower mining farms flourish in Washington State. New York generates more hydroelectric power than any other state east of the Rocky Mountains, and its nuclear power plants contribute to the state’s objective of zero carbon electricity. Meanwhile, Texas’ renewable energy contribution is increasing over time, with wind power accounting for 20% of the state’s power in 2019. In addition, the Texas grid continues to add more wind and solar power at a rapid pace. Block hasn’t given a specific date for when its bitcoin mining system would be available for purchase and use, since the company is still in the research phase of development. Templeton also encouraged members of the public to contact him if they had any concerns or suggestions for improving the initiative. Related article | More Green Energy: Crypto Mining Saves A Hydro Power Plant In Costa Rica

The post Polygon (MATIC), Shiba Inu (SHIB) , or Dogecoin (DOGE) Which Altcoin Will Make It To Top-10 Cryptos? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The global crypto market is all set to embrace major changes in the industry. As the perception of folks from the business transits from conventional asset class to emerging projects. In the light of the growing fundamentals, utility, community, and institutional interests. Wherefore, the business could spectate notable changes, collective efforts of which would evolve …

The post Cardano(ADA) Price Gets Rejected Again! Will ADA Price Reach $5 in Q1 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto space appears to have been following a jump for 2 days followed by a notable correction ahead. And hence the gains gained in the past 2 days are been extracted at once leaving the asset along with their initial positions. The Cardano price also is showcasing a similar trend by rejecting the trend …

The post MATIC and ONE Struggles at ATH! Are These Blue-Chip Cryptos Really Ready For The Future? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

We often hear traders’ grievances about Ethereum’s huge gas fees and network congestion problems. However, it’s strange that the shortcoming is spreading like a slow poison to the rest of the crypto-verse. Especially after Solana, Matic, and Harmony have been receiving a backlash from frustrated users due to their sluggish network speed.  Polygon (MATIC) and …

Speaking on an interview Wednesday, Hong Fang, the CEO of crypto exchange OKCoin, opined that Bitcoin reaching $100,000 would not be a problem in the long term. (Read More)

The post CRV Price Poised For 10x Rally! $40 Looks Imminent appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The cryptocurrency market extended its gains to Thursday, with Bitcoin leading the way and most of the altcoins following suit, boosted by US inflation data. Similarly, most major altcoins extended gains and tested resistance. Curve DAO token also seems to be in an uptrend. The token at the time of writing is trading at $4.91. …

Guido Buehler, the Chief Executive Officer of crypto-focused Swiss-based SEBA Bank is optimistic the digital currency will grow to a new ATH of $75,000 this year. (Read More)

The cryptocurrency market has had a record year in 2021, briefly surpassing $3 trillion in value in November. Two of the most valuable cryptocurrencies i.e., Bitcoin and ether, both reached new highs, while Altcoins like meme-inspired dogecoin grew in popularity. Other digital assets, such as nonfungible tokens, or NFTs, were auctioned alongside fine art for millions of dollars at prominent auction houses like Sotheby’s and Christie’s. NFTs representing in-game assets and digital land, in addition to art, saw a significant increase in value. Retail and institutional investors have shown interest in blockchain-based applications, such as decentralized finance, or DeFi, fueling the expansion of Web3, which is the decentralized version of the internet based on blockchain technology that powers NFTs and underpins cryptocurrencies. All of this contributed to the mainstreaming of cryptocurrency in 2021. People started to read, learn and accept the world of cryptocurrencies on a huge scale. And even though the market is going through a correction it is also a matter of time that the market will bounce back. In the year 2021, the crypto market saw a lot of changes. Large corporations, diverse governments (countries), influential and well-known individuals such as Elon Musk and ex-Twitter CEO and internet entrepreneur Jack Dorsey have all had an impact. This has a significant impact on public awareness, as well as the price of cryptocurrencies like Bitcoin and Ethereum, among others. So let’s take a look at the most happening events this year to do a detailed review of the 2021 crypto market. These events can be held responsible for shaping the crypto market last year. Though there were countless defining moments this year, here are the 6 major highlights from 2021. Bitcoin Reaching Its ATH and the Launch of Taproot  Bitcoin reached its all-time high price of $68,000 in November 2021. And it’s the highest bitcoin price ever recorded. Bitcoin’s recent market pricing demonstrates a continuous increase in market price, despite occasional price drops. Let’s have a look at the price of Bitcoin in 2021. The price of Bitcoin increased to its highest point before falling to its lowest point in the first half of 2021, as indicated in the graph below. However, due to tremendous demand for Bitcoin and the impact of favorable news, the price rose sharply to its all-time high in November. The year 2021 also saw the release of Taproot, a significant technological update to the Bitcoin protocol. Taproot is a three-part upgrade that boosts network security, privacy, and scalability. Since the activation of Segregated Witness’s block capacity boost in 2017, Taproot is the most significant upgrade to the Bitcoin network. Taproot served as a reminder that Bitcoin is a flexible technology that can evolve to improve usability and user experience. The future success of Taproot will serve as proof that Bitcoin can adapt.  El Salvador Made Bitcoin a Legal Tender in the Country El Salvador became the first country to embrace bitcoin as legal cash when it passed a new law in June. El Salvador’s law permits bitcoin to be used to pay for goods and taxes. According to CNBC, businesses can price their products in bitcoin, and exchanges will not be subject to capital gains tax. The government of President Nayib Bukele is banking on Bitcoin to boost the country’s economic growth and investment, given that the price of Bitcoin continues to rise. We’ll go over Bukele’s concept for a Bitcoin city here. The city will be built near the Conchagua volcano to take advantage of the country’s geothermal energy, which will be used to power both the city and cryptocurrency mining, which is an energy-intensive process of solving complex mathematical calculations 24 hours a day, 7 days a week to verify and add crypto coins to the Blockchain network. It’s worth noting that El Salvador already has a Bitcoin mining pilot project underway at a geothermal power station near the Tecapa volcano. Residents in Bitcoin city, according to Bukele, will not have to pay any income, property, capital gains, or even payroll taxes. The city would be constructed to attract international investment. Ethereum On The Top of its Game It’s no surprise that bitcoin’s dominance, a measure of BTC market capitalization compared to the market capitalization of other digital assets, declined from 70.2% to 40.1% in 2021, thanks to Ether’s stronger asset price performance. Bitcoin’s decline is not solely due to ETH; rather, crypto projects have sprung out with a variety of use cases that are not directly competitive with Bitcoin.  From EIP 1559 through the approaching shift to proof-of-stake, Ethereum has had huge catalysts. Both events are crucial in the development of a narrative for Ethereum’s native asset, as well as the evolution of Ethereum as a technology. EIP 1559 established ether’s position as “gas” in the ecosystem, requiring that it be … Continued

The post The Global 2021 Crypto Market: A Detailed Review appeared first on Cryptoknowmics-Crypto News and Media Platform.

Continue reading at Coinspeaker

Bitcoin has opened the new year quietly, with lacklustre demand for blockspace, despite bullish undertones in macro supply dynamics.