Day: October 18, 2022

Bitcoin Analysis: BTC Price Rally Before Final Crash?

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Shiba Inu To Extricate From Bearish Grip As SHIB Is Seen Rising

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Since the beginning of August, Shiba Inu has been actively engaged in corrective activities. The meme coin has been distancing from its origins and has been highly effective with doing so. An actual use case for SHIB was just introduced last month when it became possible to use the token to settle tax obligations in the cryptocurrency space. In January of this year, NOWpayments announced a partnership with Shiba Inu, opening the door for token payments to be used as crypto wages. This isn’t the only real world utility of…

Tech’s good intentions and why Satoshi’s new ‘social order’ foundered

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All revolutions have their dogmas, and the cryptocurrency/blockchain insurgency is no different. It’s an article of faith among crypto adherents that decentralization will solve many of society’s ills, including the problem of governance.  Vili Lehdonvirta — an Oxford University social scientist, book author, and former software developer — disagrees. “The underlying technology will change and it’s already changing,” he told Cointelegraph last week. “It’s becoming less blockchain-like, less like the original idea of a trustless system,” especially after the Ethereum Merge, where corporate-like ‘staking’ entities will be needed to “uphold…

EU Countries Must Be Ready to Block Crypto Mining, Commission Says

“In the coming months and years, the Commission intends to take various steps to boost digital energy services while ensuring an energy-efficient ICT sector, including… an energy efficiency label for blockchains,” the commission added – apparently drawing a parallel with the existing disclosures that must be made to those buying new cars and fridges. Source

Apples and oranges? How the Ethereum Merge could affect Bitcoin

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It’s been a month since Ethereum said goodbye to an essential feature its blockchain shared with Bitcoin (BTC). Called the Ethereum Merge, the long-hyped upgrade was widely celebrated, with the blockchain ecosystem. However, for the mainstream audience or even for the average trader, it felt more like a Star Wars Day celebrated by sci-fi geeks than an early Christmas. As the Ethereum Merge occurred on Sept. 15, the most extensive blockchain ecosystem parted ways with the proof-of-work (PoW), the energy-hungry consensus mechanism that makes Bitcoin tick. The Ethereum blockchain now…

Interpol Team Based in Singapore to Help Countries Combat Crypto Crime – Bitcoin News

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A special team established by Interpol in Singapore will assist governments around the world in the fight against crimes involving virtual assets, the international police body announced ahead of its general assembly in India. Cryptocurrency and cybercrime will be the main focus of the forum. Interpol Sets Up Unit to Tackle Crypto-Related Crimes, Top Executive Unveils Cryptocurrencies like bitcoin pose challenges to law enforcement agencies, especially in the absence of a legal framework, Interpol Secretary-General Jürgen Stock was quoted by the Indian press as stating. He arrived in New Delhi…

Blockchain Shardeum Raises $18.2M to Tackle Slow Traffic, High Fees

Shardeum is an Ethereum Virtual Machine (EVM)-based sharded blockchain, meaning anything that works on Ethereum can work on Shardeum. Sharding generally refers to splitting a blockchain’s infrastructure into smaller pieces to improve scalability, a noted problem with Ethereum, and improve both transaction times and fees. Shardeum can scale infinitely, expanding transactions per second as demand increases, explained Shetty. Source link