In Today’s Crypto Minute: The SEC tries to scam ICO investors, Golem CEO raves on Ethereum, and Thailand successfully regulates the crypto market. HoweyCoins…seems legit! SEC Created its Own Scammy ICO to Teach Investors a Lesson According to theverge, the SEC has set up its own ICO to try to lure unsophisticated investors into purchasing its fake […]
Bitcoin mining is potentially lucrative, but it’s also increasing the world’s energy consumption. This week, economist Alex de Vries published some eye-popping estimates. In a society concerned with energy conservation and the human toll on our environment, the energy consumption required to successfully mine bitcoin is a rising concern. On May 16, economist Alex de […]
The Norwegian Central Bank is researching whether a central bank digital currency could provide benefits for customers. Norway’s Central Bank, Norges, has extended a study that focuses on issuing a central bank digital currency (CBDC) as a way to supplement cash for customers. Several central banks in Europe, including Sweden’s Sveriges Riksbank, are already actively […]
Polkadot’s PoC-1 proof of concept is now live. The platform has been designed to enable blockchains to scale, adapt, and communicate with one another. Today, Web3 Foundation and Parity Technologies announced the release of their first proof of concept for Polkadot, PoC-1. The platform is intended to tackle some of blockchain technology’s most pressing problems, […]
A mystery team, apparently possessing vast expertise and aptitude in distributed ledger technologies, has released a whitepaper describing a suite of new consensus algorithms inspired by epidemic, AKA “gossip,” protocols. Snowflake to Avalanche: A Novel Metastable Consensus Protocol Family for Cryptocurrencies. This was the title of a whitepaper that was delivered anonymously to the folks […]
“We have to be prepared,” said Bitmain’s CEO, who worries about the Chinese government prohibiting cryptocurrency mining. His chip development company is readying itself for a second act: artificial intelligence. This week, during an interview with Bloomberg, Bitmain CEO Jihan Wu revealed that his company enjoyed approximately $3.5 billion in revenue during 2017. Despite its […]
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