Day: December 12, 2021

Inside the blockchain developer’s mind: Proof-of-stake blockchain consensus

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Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability and governance. This series is focused on the consensus algorithm: Part 1 is about proof-of-work, Part 2 is about proof-of-stake and Part 3 is about proof-of-burn. …

India Prime Minister Suffers Another Twitter Hack; Fake Tweet Sent Promising Bitcoin to All Indians

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The Twitter account of India Prime Minister Narendra Modi was briefly hacked early Sunday morning local time, the second such attack on an account linked to the PM in little over a year. While the account was restored quickly, the hacker had enough time to tweet, falsely, that India had adopted bitcoin as legal tender and that the government had bought 500 bitcoin and would distribute them to all Indians. The tweet was soon deleted and another tweet was sent announcing the account had been secured. The Twitter handle of…

6 Questions for Jane Thomason of Kasei Holdings – Cointelegraph Magazine

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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Jane Thomason, an entrepreneur and thought leader in technological innovation, fintech and blockchain for social impact. She is also the founder of Supernova Data, co-founder of the British Blockchain and Frontier Technologies Association, and chairperson of Kasei Holdings, an investment company specializing in the digital asset ecosystem. I have always believed we…

Galileo Exchange Launches Its Native Token, the “GELT” – Sponsored Bitcoin News

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sponsored Galileo Exchange is a groundbreaking hybrid of a Crypto exchange, a Blockchain project, and the innovation of accelerated price dynamics. It combines these essential elements to bring trustworthiness, innovation, value and entertainment. Galileo Exchange is Fully Developed, Proprietary & Market Ready The platform introduces many unique features including: Gamification of Financial Markets World’s First Dynamically Tethered Indexes (DTI’s) High Pip Action Trading Instruments Zero-Edge Ecosystem (100% RTP) Native Token (GELT) – built on the Binance Smart Chain (BSC) Bonding Curve Tokenomics BNB Secured Liquidity Pool Community Centric Growth Bi-weekly…

Can DAOs Be a 10X Improvement for Fundraising?

This episode is sponsored by NYDIG. Download this episode On this week’s “Long Read’s Sunday,” NLW looks at DAOs and their benefits over traditional fundraising, reading: “DAOs and the Next Crowdfunding Gold Rush” by Will Gottsegen “What Kickstarter Going Decentralized Means for Web 3″ by Daniel Kuhn “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon…

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates – Mining Bitcoin News

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A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power distributor in the Russian region of Irkutsk, has managed to secure an increase of the electricity tariffs for crypto mining farms set up in private homes. The utility was able to prove in court that…

Solana Gearing Up for 255% Rally Early Next Year: Crypto Exchange Kraken

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Crypto exchange Kraken is saying that Ethereum competitor and smart contract platform Solana (SOL) could be jockeying for a strong rally by early 2022. In a recent report, Kraken says that Solana has been trading within a large bullish pattern dating as far back as 2020. According to the crypto exchange, Solana’s corrective move from its all-time high of around $260 puts the Ethereum challenger in a position to ignite the next leg of its bull cycle. “The fourth-ranked crypto asset appears to be in the early innings of its…