Cynthia Lummis recently took a stand against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. She argues that this tax could severely impact the growing Bitcoin mining industry in the U.S., dismissing concerns about environmental pollution and energy grid risks as unfounded. Lummis contends that even if the administration’s
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Dalmas, an experienced crypto journalist, brings a fresh perspective to the industry with his deep knowledge in NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles in the past eight years. His wide array of
The Machines Arena Play-to-Airdrop (P2A) campaign introduces a unique gamified reward system that aims to engage users and offer lucrative returns through a play-to-earn strategy. By participating in various activities inside and outside the game, players can earn points that contribute to their overall ranking on the leaderboard. These activities include playing games, solving quests,
BitcoinOS (BOS) recently achieved a groundbreaking milestone in the world of blockchain by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement marks a significant step towards revolutionizing Bitcoin’s scalability and functionality without the need for alterations to its underlying consensus code. The team at BitcoinOS was able to finalize the
The recent repayments initiated by Mt. Gox to creditors affected by the 2014 hack have brought about an interesting revelation in the crypto market. Contrary to initial concerns about a potential market dump, it has been observed that creditors on Kraken have shown a strong “hodling” sentiment. This is evident from the significant increase in
The recent passing of a bill by the Russian State Duma legalizing Bitcoin mining and allowing the use of cryptocurrency for international trade marks a significant shift in the country’s approach to digital assets. The legislation, which is set to take effect on September 1 pending final approval, is aimed at addressing the challenges faced
Ethereum’s price has been experiencing a period of consolidation above the 100 and 200-day moving averages, signaling a bullish trend in the market. The recent breakthrough above the critical 100-day moving average at $3,354 has led to a phase of sideways fluctuation, indicating a balance between buyers and sellers. However, with the introduction of spot
The recent announcement by Bitstamp signaling the initiation of returning recovered digital assets to creditors of the defunct Mt. Gox exchange represents a significant milestone. This move comes after a decade-long effort to compensate those impacted by the notorious 2014 hack that resulted in Mt. Gox’s downfall. Collaboration with Exchanges Bitstamp is collaborating with various
The long-awaited Ethereum ETFs have finally made their way to the market, opening up new possibilities for Ethereum and other altcoins. Industry experts and crypto enthusiasts are closely monitoring how these ETFs could influence Ethereum’s price trajectory in the upcoming months. Renowned crypto analyst, Doctor Profit, has made a bold prediction regarding Ethereum’s future value.
Igloo, Inc., the company known for the popular NFT brand Pudgy Penguins, has successfully raised over $11 million in funding to support the development of its new Ethereum layer-2 scaling network known as ‘Abstract.’ This significant investment, led by Founders Fund, with participation from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital, marks a