Month: August 2022

Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility

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Compute North has now energized 40 megawatts (MW) of a 280 MW wind powered facility in Upton County in West Texas, according to the Monday earnings release. Marathon will be the exclusive client of this site, which is Compute North’s fifth TIER 0™ site, said the statement. The rest of the 280 MW will be coming online in phases, with “full energization autumn 2022,” Dave Perrill, CEO and co-founder of Compute North told CoinDesk. Original

Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Lead to People Losing Money’ – Bitcoin News

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Ethereum co-founder Vitalik Buterin recently discussed what he thinks about the recent Ethereum proof-of-work (PoW) fork topic that’s been finding its way into a number of conversations within the crypto community. Buterin remarked at the ETH-Seoul conference over the weekend, that he believes the people introducing the forked token concept are basically a “couple of outsiders” that “mostly just want to make a quick buck.” Vitalik Buterin Gives His Opinion on the Proposed Ethereum PoW Fork Idea A lot of people within the crypto community have been discussing a possible…

Two more lawsuits for Coinbase: Law decoded, Aug. 1–8

The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court. Wahi was arrested during his attempt to board a flight from the United States to India in May and accused of insider trading.  While the Wahis are central to two separate court cases, another two lawsuits appeared last week against the San-Francisco-based crypto exchange. Legal firm…

The Ethereum Merge Is the Main Contributor to July Rebound: JPMorgan

After the completion of two testnets ahead of the event – now expected the week of Sept. 19 – that will take the Ethereum blockchain from a proof-of-work system to a proof-of-stake consensus mechanism, ether’s price jumped 70% in July. It is currently trading at about $1,780. As comparison, bitcoin (BTC) rose 27% in July, while SOL, the token of the Solana system, gained 38%. Source

Minecraft, But Mining Drops Anything…

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Minecraft, But Mining Drops Anything… 🎥 MY CHANNELS @Bionic Reacts @Bonc @Danny Bionic 👀 FOLLOW ME PLS TikTok: @dannybionic Twitter: @dannybionic Instagram: @danny.bionic Discord: My Editor: @Mutant #minecraft #MinecraftChallenge #MinecraftBut ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Ethereum Is Getting Cheaper to Use, Even Before the Merge

For now, all we can note is that the cost to use Ethereum today is approaching the average price during bear markets. If that means post-Merge Ethereum will be as deflationary as it is today (that’s to say, sporadically, based on demand), then so be it. But now is as good a time to buy a CryptoKittie, if you were priced out last time. Source

White hat hackers have returned $32.6M worth of tokens to Nomad bridge

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Mere hours after the Nomad token bridge published an Ethereum wallet address last week for the return of funds following a $190 million hack, whitehat hackers have since returned approximately $32.6 million worth of funds. The vast majority of funds consisted of stablecoins USD Coin (USDC), Tether (USDT) and Frax, along with altcoins.  According to research published by Paul Hoffman of BestBrokers, the vulnerability of the Nomad protocol was highlighted in Nomad’s recent audit by Quantstamp on June 6 and was deemed “Low Risk.” As soon as the exploit was…

Bitcoin Long-Term Holders Have Shifted To Distribution Recently

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Data released by Glassnode suggests Bitcoin long-term holder behavior has shifted from accumulation to distribution recently. Bitcoin Long-Term Holders Have Shed 222k Coins Off Their Stack Since May As per a new report from Glassnode, the BTC long-term holders have been spending up to 47k BTC per month in recent days. The “long-term holders” (or LTH in short) refer to the cohort of Bitcoin investors that have been holding onto their coins since at least 155 days ago, without selling or moving them. The “LTH net position change” is an…