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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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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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?
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Mastercard partners with Bakkt to offer crypto payments
Payments giant Mastercard and cryptocurrencies firm Bakkt Holdings Inc. announced on Monday they have partnered to facilitate cryptocurrency debit and credit card payments. The partnership will make it easier for merchants, banks and fintechs in the U.S. to offer a broad set of cryptocurrency services and enable consumers to buy and sell digital assets through…
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Solana price hits new all-time high amid rising crypto market
As the crypto market lit up with green across the board this morning, the price of Solana (SOL) jumped 6% in a few hours overnight to reach a new all-time high of US$218.73, according to data from CoinMarketCap. Solana’s price has since lost some of this ground, however, and was trading at US$208.57 at press…
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Bitcoin propels crypto institutional inflows to record $1.5B
Crypto investment products saw record inflows last week of US$1.47 billion, with Bitcoin accounting for 99% of the inflows, according to digital assets fund manager CoinShares. Total crypto assets under management also reached a new peak of US$79.2 billion. Fast facts Bitcoin investment products saw record inflows of US$1.45 billion last week. “The record inflows…
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China’s BSN launches service portal in Hong Kong, Macau with digiXnode
Hong Kong-based blockchain technology company digiXnode Technology Ltd. today officially launched an exclusive service portal — for users in Hong Kong and Macau — that grants access to the Blockchain-based Service Network (BSN), China’s public-private nationwide infrastructure project to spur mass adoption of blockchain technology. Fast facts By subscribing to the service from digiXnode’s website…
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Midnight for crypto in China, but Hong Kong keeps lights on
Mainland China’s recent ban on crypto, the most draconian yet, did not come as a surprise to those in the know, says Angelina Kwan of HashKey Group. How will this affect the crypto hub of Hong Kong?