Bipartisan lawmakers from the U.S. House and Senate Agriculture Committees have requested clear information from the chair of the Commodities Futures Trading Commission (CFTC) about the crypto industry and their role in monitoring it and taking enforcement actions. The CFTC chair Rostin Behnam intends to expand the regulator’s authority over the crypto market. Democrats and…
Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s general manager for hardware, Thomas Templeton. We’re officially building an open bitcoin mining system https://t.co/PaNc7gXS48 — jack (@jack) January 13, 2022 Block Is Working…
Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission, putting millions of dollars into…
Bitcoin has enjoyed some uptrend over the past day as the crypto once again visits the $44k price level. On-chain data suggests that an uptick in exchange outflows may be behind the move. Bitcoin Exchange Outflows Observe A Spike In The Past Couple Of Days As pointed out by an analyst in a CryptoQuant post,…
Billionaire Jeff Gundlach has shared his thoughts around bitcoin, saying that the digital asset is massively overvalued. Gundlach who is also known as the ‘Bond King’ is the founder of the investment firm, DoubleLine Capital. Bitcoin which has suffered numerous dips that have caused it to lose over 30% of its all-time high value continues…
While the space race for humanity began in the mid-1950s, blockchain technology took its first steps outside Earth in February 2018, and now Elon Musk has declared the start of the space race in early June 2021. With the recent news that SpaceX was going to carry some payload funded by Dogecoin, the latter was…
On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). Jerome Powell Confirms Fed-issued Digital Currency Is Underway Sen. Pat Toomey (R-Pa.) asked Powell during his confirmation hearing for a second term as Fed chairman whether there…
Since their inception, cars have captivated artists. Cars have been featured in studios and galleries worldwide as objects of love, hate, and even as a fetish. And, more often than not, this is because artists are self-proclaimed fans of the art they create. With Web3 being a powerhouse of revolution, art has taken a whole…
Even Wikipedia fell for the environmental FUD surrounding Proof-Of-Work mining. A proposal to “stop accepting cryptocurrency donations” is currently under discussion. It starts with the same very thin arguments that the whole mainstream media irresponsibly uses. However, it gets better and more interesting. In general, it’s amazing to see both sides of the argument unfolding.…
Monetizing your internet connection According to OpenVault’s broadband study from 2021, the average US household uses approximately 435GB of data per month. However, many internet service providers (ISPs) offer 1TB+ monthly data allowances or unlimited data plans. Many internet users waste hundreds of millions of gigabytes worth of unused bandwidth every month. Now there is…
