Vitalik Buterin: Layer 2 is the future of Ethereum scaling
Ethereum’s creator explains why rollups can help scale Ethereum while preserving decentralization.
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Kazakhstan proposes to limit power consumption for new crypto miners as power deficit bites
Local miners told Forkast.News that existing legal miners won’t be much affected, though they’re still subject to power rationing.
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DBS, JPMorgan, Temasek-funded Partior goes live for cross-border transactions
The Singapore government-incubated blockchain platform promises to dramatically speed up transactions and lower the cost of international trade.
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China sees most blockchain-related patent applications, followed by U.S., South Korea: report
A new data report shows there were about 55,000 blockchain-relate patents applications filed by 7,800 companies from 47 countries and regions during the period between the beginning of 2015 to June 2021, and China has seen the largest share of these applications, as the country has been boosting the development of blockchain technology over the…
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Byron Bay to host Australia’s largest Bitcoin mining operation — using green energy
While it may be known locally and domestically as a tourist hotspot and home to many Hollywood A-list celebrities, Australia’s coastal town of Byron Bay is set to become host to Australia’s biggest Bitcoin mining site— and it’s going to be powered by 100% renewable energy. Fast facts According to a company press release, local…
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Alipay and Tencent now call NFTs ‘digital collectibles’ amid state media criticism
Tech giants banish non-fungible token references as Beijing looks down new virtual asset market.
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The Philippines looks to blockchain voting for its diaspora
The nation’s elections commission wants to upgrade its voting technology to improve voter turnout and public trust. Does blockchain check the boxes?
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SEC set to receive formal authority to regulate stablecoins
U.S. Securities and Exchange Commission chair Gary Gensler has reiterated over time that most stablecoins are securities and should, therefore, fall under the purview of the securities watchdog. Now, Gensler is one step closer to achieving his aim of regulating stablecoins. Fast facts The U.S. Treasury Department and other agencies are putting together a report…
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Australian crypto industry watches as sole trader charges two top banks with ‘debanking’
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?