Day: November 9, 2021

Ethereum 2.0 node count drops to a one-month low as ETH price climbs to new heights

The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0. Ethereum addresses with 32+ ETH deposit. Source: Glassnode In detail, staking in Ethereum 2.0 requires users to deposit 32 ETH into a designated smart contract address to become a full node validator.…

US Treasury Sanctions 2nd Cryptocurrency Exchange, Seizes $6.1 Million – Regulation Bitcoin News

The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange The U.S. Department of the Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has sanctioned ransomware operators and a cryptocurrency exchange. Crypto exchange Chatex and its associated support network have been sanctioned “for facilitating financial transactions for ransomware actors,” the Treasury states. “Analysis of Chatex’s known transactions indicate that over…

Tim Cook says he bought crypto, but rejects Apple adding it to its portfolio… for now

Apple chief executive officer Tim Cook said he owns some crypto as “part of a diversified portfolio,” but is not planning for the tech company to follow Tesla’s example by investing in Bitcoin or other tokens. Speaking at the New York Times’ DealBook Online Summit on Nov. 9, Cook said he would not use the company’s roughly $200 billion in cash on hand to invest in cryptocurrencies. He also did not intend to accept crypto as a means of a payment for Apple products “in the immediate future.” “It’s not…

Ethereum Name Service Tokens Soar After $500M+ Airdrop

In what may be a first, in order to claim allocated tokens users had to vote on four articles of a foundational ENS governance constitution. These articles covered ensuring governance cannot revoke ENS ownership, allowing governance to alter registration prices, allowing governance the authority to integrate with other software naming conventions like DNS, and allowing governance control over a grants program. Source

CityCoin’s Plan for NYCCoin Is Welcomed by Mayor-Elect Adams

The next mayor of New York City, Eric Adams, expressed his support for CityCoin’s NYCcoin program, tweeting a welcome to the city. Adams won the Nov. 2 election and is expected to take office on Jan. 1. “We’re glad to welcome you to the global home of Web 3! We’re counting on tech and innovation to help drive our city forward,” he wrote while retweeting CityCoin’s Nov. 8 tweet. The NYCcoin can be mined by anyone and will allow users to earn crypto through the Stacks protocol, CityCoin said. CityCoin…

What Is The Final Push For Bitcoin? MicroStrategy CEO Michael Saylor’s Big Reveal

There is no telling what exactly would be the thing that pushes bitcoin into the $2 trillion territory. For now, the asset is still one of the most valuable assets in the world with a total market cap of $1.15 trillion. Nonetheless, investors continue to look what will be the next big thing for BTC, something that will catalyze the growth of bitcoin, causing it to rally towards $100K. One of these investors looking to the future is MicroStrategy’s CEO Michael Taylor. Saylor has always been a BTC maximalist and…

Bank of England and UK Treasury to Assess Case for a CBDC Next Year

The Bank of England and the U.K. Treasury will begin a consultation next year to assess the case for a central bank digital currency (CBDC). Should it conclude that there is a case for a digital pound, the earliest that one could be rolled out is the second half of the decade, the Bank of England announced Tuesday. The consultation will explore design features, benefits and implications for users to determine whether a CBDC that is operationally and technologically robust can be developed.…

I turned my garage into a GPU Mining Farm

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I will show you what I did to make my garage mining friendly through proper airflow, electric setup and the network connection. ⌚ Timestamps: 00:00 – Intro 00:29 – The Rigs, Shelfs, Frames, Boxes 01:51 – Network Connection 02:32 – The Airflow 04:13 – The Electricity Setup 06:32 – The Meter Box 07:44 – Future Plans 08:32 – Outro ⭐ RedPandaMining Garage Collab: ⭐ The Meter Box Kickstarter: 🔗 Links: – Favorite AAAWave Frames: – Favorite Mineshop Cases: –…

Alexis Ohanian, Solana Ventures launch $100M Web3 growth fund

Reddit co-founder Alexis Ohanian has teamed up with Solana Ventures to launch a new investment fund dedicated to Web3 and social projects, potentially setting the stage for the next wave of budding crypto startups.  Ohanian announced Tuesday at the Breakpoint conference in Lisbon, Portugal that his Seven Seven Six venture firm and Solana Ventures have allocated $100 million to Web3 and “decentralized social projects.” In an accompanying news release, the internet entrepreneur touted his venture firm’s expertise in “identifying and investing in early social and crypto trends,” which include Reddit,…

Bank of England and UK Treasury to Assess the Case for a CBDC Next Year

The Bank of England and the U.K. Treasury will begin a consultation next year to assess the case for a central bank digital currency (CBDC). Should it conclude that there is a case for a digital pound, the earliest time that one could be rolled out is the second half of the decade, the Bank of England announced Tuesday. The consultation will explore design features, benefits and implications for users to determine whether a CBDC that is operationally and technologically robust can be developed. The announcement of the consultation follows…