Day: April 19, 2023

CoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait for Money Back

Now that our validator project is concluding, it is also time to say goodbye to Valid Points, which was launched a few years ago to focus exclusively on Ethereum and the wider array of projects connected to it. But don’t worry – the newsletter isn’t going away. Next week Valid Points officially becomes The Protocol, which will focus on blockchain and crypto tech more broadly. You, reader, don’t have to do a thing; your existing subscription will carry over. Source

Cryptocurrency Service Providers Licensing Begins in UAE

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The Securities and Commodities Authority (SCA), which oversees financial markets in the United Arab Emirates (UAE), announced this week that it has begun accepting license applications for cryptocurrency services. This follows the approval of regulations governing the market and is another step towards making the UAE an ‘Oasis’ for digital asset companies. In 2022, the UAE Cabinet passed Resolution No. 111, which granted the SCA authority to issue decisions governing virtual asset transactions and license virtual asset service providers (VASPs). All UAE-based companies offering virtual asset services, except those licensed…

Bitcoin has been ‘buried’ over 470 times in 14 years: a review of obituaries

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Born in 2009, bitcoin has faced an untimely demise 473 times over the past 14 years, and yet, like a phoenix rising from the ashes, it continues to soar ever higher. They say cats have nine lives, but bitcoin (BTC) has at least 473 (and counting). Let’s take a trip down memory lane and visit some of the most notable “deaths” of our dear friend, bitcoin. The FUD chronicles: tale of death and rebirth 2017 and…

MetaMask denies wallet exploit allegations in $10.5m crypto hack

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto wallet provider MetaMask has pushed back against accusations that an exploit in its wallet led to a massive wallet-draining operation that siphoned off more than 5,000 ether. The denial comes in response to a series of tweets by Taylor Monahan, founder of Ethereum (ETH) wallet manager MyCrypto, who claimed that an unidentified wallet-draining exploit had resulted in the loss of more than $10.5 million in cryptocurrencies and non-fungible tokens (NFTs) since December 2022. Recent reporting…

Chip Giant Intel Abandons Bitcoin ASIC Production – Bitcoin News

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After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 Series ASIC In February 2022, the California-based technology company Intel made headlines when it announced its plan to create “energy-efficient accelerators,” or ASIC technology, to contribute to the development of blockchain technologies. Later that month,…

BIS, Bank of England concludes blockchain int’l settlements pilot

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The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center have tested a blockchain-powered settlements system between the institutions. The insights of Project Meridian will be used by the Bank of England in its real-time gross settlement (RTGS) system.  On April 19, the official site of the BIS published a report about the joint pilot project with the Bank of England called Project Meridian. According to the 44-page document, banks have successfully made a house purchase in Wales and England through the synchronization network using…

Intel discontinues its first-gen Blockscale ASICs for bitcoin mining

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Intel has declared the end of its first-generation Blockscale 1000-series ASICs for bitcoin (BTC) mining just one year after its official launch.  The company has yet to make any plans for different chip generations public.  According to Tomshardware, Intel, an American top technology company that manufactures semiconductor chips, has stated that it will stop producing its Blockscale 1000-series ASICs for bitcoin mining a year after their official launch. The company has claimed that it will continue…

Georgian vendors get crypto payments option with new partnership

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Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has formed an alliance with CityPay.io, a startup specializing in crypto payments located in Georgia. This partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services. According to the announcement, by partnering with CityPay.io, Gate.io and Gate Pay users will have the opportunity to connect with numerous merchants across Georgia, facilitating a wide range of daily activities such as hotel bookings, supermarket shopping and restaurant…

How to stake Cardano (ADA) in a self-custodial wallet

Cardano is one of the largest layer-1 blockchain solutions by market capitalization. The project is being driven by Input-Output (a Charles Hoskinson company), Emurgo and the Cardano Foundation. The chain was named after the Italian mathematician Gerolamo Cardano and its token ADA is named after the 19th-century mathematician Ada Lovelace. Cardano uses Ouroboros, a proof-of-stake (PoS) consensus mechanism where ADA holders can delegate their funds to stake pools. The cumulative stake allows each pool to verify transactions, create blocks and govern the network. Ouroboros uses cryptography, combinatorics, and mathematical game…