Search results: proof of work

FTX founder and CEO Sam Bankman-Fried says building products that people want is what matters most, and the crypto industry and regulators will need to find compromises to resolve some of the industry’s pressing issues.

Co-founder and CEO of popular social media platform Discord, Jason Citron, has hinted at integration with Ethereum via wallets such as MetaMask by tweeting a screenshot of Discord connecting to the world’s number two blockchain along with the caption “probably nothing.” Fast facts It came in response to another tweet by writer Packy McCormick, which […]

As Ethereum has become the preferred blockchain for smart contracts, what’s the future of the Bitcoin blockchain?

Speaking at the Singapore FinTech Festival, Ethereum’s creator discusses DeFi adoption and why he expects Ethereum’s ‘killer ecosystem’ to grow over the next few years.

Top blockchain and crypto news: Ethereum rises and rivals follow. Taxing times for US investors. New life for reborn crypto miner.

Affinidi, a Singapore-based technology company founded by state-owned investment firm Temasek, today announced the launch of a new business unit called Finnovate that aims to serve millions of underbanked individuals and small and medium enterprises across Southeast Asia by leveraging on Web 3.0 blockchain technologies. Fast facts Affinidi Finnovate is partnering with the financial services […]

As Solana surges to new all-time highs, 50 fintech experts surveyed by Finder offer predictions on SOL’s price outlook for the end of the year and longer-term.

DeFi is here to stay, but regulations are still lacking. Jason Blick of EQIBank explores the challenges and how authorities can move forward.

Ethereum crosses the $4,600 mark for the first time and Solana overtakes Cardano as the fifth-largest cryptocurrency by market value.

In a city where memories disappear every day, people are turning to blockchain to preserve news archives — so the first drafts of history will survive.

Cryptocurrency investment products saw inflows of US$288 million last week, with total inflows year-to-date at a record of US$8.7 billion — 30% higher than the total for 2020, according to digital asset manager CoinShares. Fast facts Bitcoin continued to lead with institutional inflows of US$269 million last week, albeit at a significantly lower level compared […]

Bitcoin is awakening humanity to its own sovereign capacities, says Ben Caselin of AAX. Here’s why the world’s first cryptocurrency is still at the cutting edge of finance and culture.

Bitcoin is growing up in ways not imagined in Satoshi Nakamoto’s 2008 writings that gave birth to it. How will Bitcoin’s future unfold?

South Korea crypto debate heats up, also Bitcoin mining ETF starts trading

Singapore’s DBS Bank — Southeast Asia’s largest lender — has joined the Hedera Governing Council, a diverse group of companies that governs and supports the Hedera network, an enterprise-grade public ledger of transactions, according to a media statement. Fast facts DBS — the first and only bank in Southeast Asia to join the Governing Council […]

Altair upgrade goes live, also Hybe and Dunamu consider NFT venture.

As Ethereum surges to a new all-time high, 50 fintech experts surveyed by Finder offer predictions on ETH’s year-end and longer-term price outlook.

Ethereum’s creator explains why rollups can help scale Ethereum while preserving decentralization.

The nation’s elections commission wants to upgrade its voting technology to improve voter turnout and public trust. Does blockchain check the boxes?

While the government signals it is ready to promote the industry, the country’s banks remain unimpressed. ANZ has already settled its de-banking case with Allan Flynn, but as the tribunal with Westpac concluded over the weekend, what should we expect from the outcome?

The Senate unveiled its most comprehensive look at blockchain regulation, hoping to transform the country into a global industry leader.

Ethereum prices surged to new heights ahead of next week’s Altair Beacon Chain upgrade but then pulled back. How do crypto experts make sense of it?

Conglomerates including Samsung continue to invest in blockchain and crypto startups despite a government crackdown on the industry.

As luxury brands eye the virtual realm, Zilliqa co-founder Max Kantelia looks forward to a convergence of desirable objects and digital opportunities.

San Francisco-based blockchain payments company Ripple has partnered with Nelnet Renewable Energy, the renewable energy investment business of NYSE-listed Nelnet, on a US$44 million clean energy fund to support solar energy projects in the United States, the company said. Fast facts The solar projects financed by the Ripple Nelnet Renewable Energy Fund are estimated to […]

Tether fires back while Easy Crypto closes Series A funding round

As blockchain nodes multiply around the world, the need for interconnectivity has never been greater. John DeVadoss of InterWork Alliance explains why.

New Zealand-based exchange Easy Crypto has closed a NZ$17 million (US$11.75 million) Series A funding round, in what may be the largest investment raised for a startup from the country. Fast facts Led by venture capital fund Nuance Connected Capital, Easy Crypto told Forkast.News the funding round was oversubscribed by 50%, helped along by participation […]

The NFT boom is transforming the art world, writes Laura Ballman and Michael Greenwald. Collectors would be wise to learn all they can about this new technology.

What does it mean to provide ‘institutional’ crypto services, and what role does blockchain technology play? Robert Cooper of Digivault explains.

Stablecoins combine the portability of crypto with the price stability of fiat currencies. But are they all that stable?

At the Cardano Summit over the weekend, IOHK founder Charles Hoskinson revealed a slew of partnerships and other developments for the Cardano blockchain

India’s crypto industry will grow over 200% to reach $241M by 2030, a new study says.

Until recently, most Southeast Asians had no internet. Now the region is abloom with blockchain innovation. How did they do it?

Ripple’s win in Bhutan comes as it suffers a setback in a US court as judge rebuffs Ripple’s request for SEC’s internal trading decisions over XRP.

Audius is enjoying outsized buzz. Should Spotify be scared? In this Forkast.News explainer, learn how this blockchain startup could threaten music industry money — and power.

From crypto-embossed mooncakes to mooncake NFTs to gatherings in the metaverse, how Asia’s crypto fans are celebrating the Mid-Autumn Festival.

The amount of electronic waste generated by the Bitcoin network is comparable to the amount of discarded electronic equipment in a small country like the Netherlands, a study published by the academic journal Resource, Conservation and Recycling states. Fast facts According to the paper, a Bitcoin mining machine can lose 35% of its profit potential […]

Kyrgyzstan is cracking down on cryptocurrency mining farms that are using power illegally, local media outlet 24.kg reported Saturday, citing a release from the State Committee for National Security of Kyrgyzstan. Fast facts Authorities have spotted over 500 crypto mining farms that were illegally connected to power grids, leading to power shortages, as one set of […]

A few altcoins managed to stand out coming into the working week as Solana’s tear comes to an end.

Cardano’s Alonzo hard fork will bring smart contracts and NFT support to the world’s third-largest blockchain. What will it mean for the crypto market?

Algorand’s ALGO cryptocurrency prices have surged by 90% over the past seven days, crossing the US$2 mark and hit a two-year high of US$2.44 today, according to CoinGecko data. ALGO, ranked the 17th largest cryptocurrency by market value, has not seen such price heights since its launch in 2019. Fast facts Algorand is an open-source, […]

As the debate over cryptocurrency’s carbon footprint rages on, leading bitcoin miner Blockstream is developing new zero-carbon Bitcoin mining facilities in partnership with Australia-based financial services giant Macquarie Group, according to a company blog post. Fast facts The first pilot site will be in the U.S. where Blockstream will leverage Macquarie’s experience in green investments […]

The broader market recovery following the May crash continues with five of the top 10 coins by market cap showing double-digit growth over the past seven days, according to data from CoinMarketCap.com. Fast facts Continuing its historic run, Solana (SOL) showed the most movement, gaining over 45% this past week to hit a new all-time […]

As the blockchain industry shifts to ‘proof of stake,’ staking’s bonding period can lock up capital. What are the alternatives?

Blockchain is helping with cross-examinations in China while bolstering chain of custody for evidence in Taiwan. Is Asia ahead of the technological legal curve?

Much of traditional finance still believes DeFi is too risky and not worth the bother, writes Ilia Maksimenka of PlasmaFinance. Are these perceptions accurate?

Aleph.im, a cross-blockchain storage and computing network, announced today the release of a decentralized indexing tool for the Solana blockchain ecosystem. Fast facts

Non-fungible tokens are taking the art and collectibles world by storm. But more valuable uses for NFTs lie just around the corner, writes Ilja Laurs of Dappscape.

U.S. software behemoth Microsoft is looking to develop anti-piracy measures on Ethereum using research from Chinese internet giant Alibaba and Carnegie Mellon University, according to a paper released by Microsoft’s research department. Fast facts Partnering with Alibaba and Carnegie Mellon, Microsoft says the new system — dubbed “Argus” — will run on a public blockchain […]

GoSats, an Indian Bitcoin rewards app, has launched a new cash back card that will allow Indians to earn up to 100% of their spending in Bitcoin and provide a chance to win one full Bitcoin on every spend, GoSats announced in a tweet. Fast facts The GoSats prepaid RuPay debit cards will be released […]

London hard fork is live and Ethereum users are hoping high gas fees will be a thing of the past. Will ETH improvements phase out layer-2 scaling protocols? Polygon’s co-founder thinks not.

TZ APAC, an entity supporting the Tezos blockchain ecosystem in Asia-Pacific, this week announced a “strategic commitment” to the region as it bolsters its efforts to grow the Tezos ecosystem. Fast facts TZ APAC intends to deploy capital and resources across the region towards business development, marketing and project management to drive adoption of the […]

With Ethereum 2.0 still in development, rival blockchains like Cardano, Binance Smart Chain, Solana and Polkadot are hot on Eth’s tail. Who might prevail, and why?

Top blockchain and crypto news: NFT wave buoys OpenSea. Are dollars and sense a lifeline for Tether? Tencent gets a target on its back.

As Cardano’s Alonzo Purple upgrade launches and the full roll-out of smart contract support is teased, the price of ADA — the native cryptocurrency of the Cardano blockchain network — surged more than 20% in the past 24 hours. ADA was trading at US$1.71 at press time — its highest in over two months, according to […]

After hovering aroud the US$35,000 mark through most of June and July, Bitcoin’s price has started rising again this past month. In the past 24 hours, Bitcoin’s price broke US$45,000 for the first time since mid-May amid the market-wide crash from the historic highs in April, according to data from CoinMarketCap. Fast facts Conversely, gold […]

A landmark US$1 trillion infrastructure bill moved one step closer to becoming law on Sunday, notably without carve-outs for cryptocurrency miners and network validators. What does it mean for the industry?

An amendment has been introduced to the US$1 trillion infrastructure bill currently before the U.S. Senate that would exempt bitcoin miners and other validators from a provision seeking to raise funds for its fulfilment, according to a report by CNBC. Fast facts As Forkast.News has reported, the provision sought to raise US$28 billion over the […]

Cryptocurrency miners are front-running Ethereum transactions to make profits called MEV that critics decry as unfair. What can be done about it?

ETH rose in a historic run in anticipation of ‘Ethereum halving’ — but dipped on the eve of the London hard fork. Forkast.News asks top cryptocurrency analysts to find out why.

Bitcoin SV has suffered another 51% attack beginning around 11:45 am EDT on Tuesday resulting in up to three versions of the chain being mined simultaneously, as initially reported by analytics firm CoinMetrics.io. It is the fifth such attack on the network since late June. Fast facts Further reporting by the firm reported all of […]

The Ethereum ecosystem is continuing to see strong growth, with institutional capital ‘flooding’ into decentralized finance and decentralized autonomous organizations flourishing.

Celsius Network CEO says crypto lenders are using Wall Street’s ‘safest’ business tactic to provide high interest rates to customers. What are the risks?

Blockchain technology is part of the important work being done toward a safer and healthier world. Lucas Schweiger of Blockdata summarizes this year’s strides forward.

Ethereum’s future is top of mind for a group of fintech experts polled by Finders. Where do they think Ethereum prices are headed, and will Ethereum overtake Bitcoin?

The cryptocurrency community is watching Ethereum closely, with the EthCC event in Paris having wrapped up, Ether prices showing new strength and the London upgrade just around the corner.

At EthCC in Paris, Ethereum’s boyish creator lays out a vision for the blockchain’s non-finance uses — like ridding social media of bots and fake news.

Bifrost, a staking liquidity decentralized finance project on Polkadot and Kusama has won the fifth Kusama parachain slot auction, with more than 5,000 contributors staking 136,817 Kusama (KSM). Fast facts Bifrost is a DeFi protocol designed to connect Polkadot and different proof-of-stake blockchains and provide staking derivatives. Bifrost’s win marks end of the current round […]

As Bitcoin’s carbon footprint continues to make ESG investors uneasy, a new clean-energy crypto mining ETF aims to allay their environmental concerns.

Neon Labs, a firm focused on secure blockchain technology, announced today that it will be deploying a cross-chain Ethereum virtual machine on the Solana testnet. Neon’s EVM will allow any decentralized application from the Ethereum ecosystem to leverage the high throughput and fast block times of Solana, and to access the lower gas prices of […]

Singapore-based Enjin, a non-fungible token and gaming blockchain platform, today announced it is joining the United Nations Global Compact corporate sustainability initiative as part of its efforts to develop a sustainable NFT ecosystem. Fast facts The Global Compact is a voluntary sustainability initiative for companies working towards implementing the UN’s Sustainable Development Goals. Through its […]