Chip manufacturing giant Intel has revealed details on its first mining chip, aptly called “Bonanza Mine.” The new hardware was put on display at the annual International Solid-State Circuits Conference (ISSCC) held in downtown San Francisco. For the time being, it seems that hardware solutions by Bitmain and MicroBT retain…
Key takeaways: An exploit in decentralized protocol BadgerDAO’s website allowed attackers to steal more than $120 million worth of crypto assets The investigation into the perpetrators is ongoing; members of the BadgerDAO team believe someone inserted malicious code into their website Several BadgerDAO users took to Twitter to voice their…
After years of anticipation, the first batch of parachains auctions was successfully completed on Thursday. The first-ever parachain auction slot winner with 32M DOT staked is Acala, popular decentralized finance (DeFi) hub for Polkadot. Acala came out ahead in a neck and neck race with multi-chain protocol Moonbean. Key takeaways:…
Key takeaways: Elon Musk and Jack Dorsey appeared as guests at the event hosted by the Crypto Council of Innovation. The guests talked about their first interactions with Bitcoin and their general outlook on the cryptocurrency sector. Both Musk and Dorsey are big supporters of digital currencies and believe that…
Key takeaways: The banking giant started offering crypto fund investments on July 19 to all clients who have their funds managed by JPMorgan advisors and to those who use the Chase trading app. Out of five investment options, four are Grayscale products and one from Osprey Funds. The bank’s advisors…
Key takeaways: In 2018, SEC official William Hinman proclaimed Ethereum “sufficiently decentralized” and thus not a security in a speech at the Yahoo All Markets Summit. Ripple is hoping for the same resolution and believes it should be granted the same status as Ethereum. Hinman’s decision to not recognize ETH…
Source: https://unsplash.com/photos/_68ATDXuBLo The Twitch platform has seen an influx of niche streamers outside of the gamers that the platform was initially intended for in recent years. As more and more people tune into streams of all kinds, new opportunities become available for streamers to take advantage of. Currently, one of…
Key takeaways: China and some developing countries, such as Iran, are using domestically mined Bitcoin to circumvent tariffs and U.S. sanctions. Most of the cryptocurrency transactions are converted to USD, meaning that the U.S. experiences considerable USD outflows and has no practical way of preventing this trend. Chinese Bitcoin mining…
Key takeaways: “Luck meets preparation”, as the U.S. several years long plan to build up crypto mining infrastructure pays off. At the moment, the U.S. accounts for 17% of all Bitcoin miners, up more than 150% year-over-year Chinese dominance in the space has seen a sharp decline even before the…
Key takeaways: The new proposal requires companies to collect personal information, such as the crypto transfer sender’s address, account number, and the name of the recipient. The use of anonymous cryptocurrency wallets would be prohibited if the proposal becomes law. The change in legislation is a long time coming, pressure…
