BitcoinOS (BOS) developers recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement signifies a major leap forward in the scalability and functionality of Bitcoin, without the need for changes to its underlying consensus code. This milestone, verified at Block 853626, marks the
Cynthia Lummis recently released a report criticizing the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. She argues that this tax could have severe repercussions on the growing Bitcoin mining industry in the United States. Lummis contends that the concerns about environmental pollution and risks to the energy grid, which
The recent launch of Ethereum ETFs has sparked a flurry of excitement among industry experts and crypto enthusiasts alike. Among them, renowned crypto analyst Doctor Profit has made a bold prediction regarding Ethereum’s value. According to him, Ethereum is poised to break through the $10,000 barrier and potentially even reach a peak of $14,000. This
In early July, the once prominent crypto exchange, Mt. Gox, began the process of repaying creditors who were affected by the 2014 hack. Despite the distribution of Bitcoin and Bitcoin Cash owed to these creditors by Kraken, the price of Bitcoin has not fluctuated significantly, indicating a sense of stability in the market. Concerns arose
Recently, the Russian State Duma made a significant decision to legalize Bitcoin mining and allow the use of cryptocurrencies for international trade. This bill, which has been in the works for a few years, is set to come into effect on September 1 pending final approval. The legislation aims to address the challenges faced by
After years of waiting, creditors of the defunct Mt. Gox exchange are finally seeing progress in the form of returned digital assets. Bitstamp, along with other exchanges like Kraken, has begun the process of distributing Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) to users affected by the infamous 2014 hack that led to Mt.
Save, formerly known as Solend, has embarked on a strategic rebranding journey to enhance its platform and offer more financial opportunities to the Solana community. The rebranding goes beyond just changing the name; it signifies a significant evolution aimed at providing users with a broader range of financial services, from borrowing to trading. This transformation
The current price of Ethereum has been consolidating above the 100-day and 200-day moving averages, indicating a bullish trend in the market. This consolidation phase follows a period of sideways fluctuation after breaking above the critical 100-day moving average at $3,354. The lack of clear direction in the price suggests an equilibrium between buyers and
Igloo, Inc. has recently secured a substantial $11 million in funding to support the development of its groundbreaking Ethereum layer-2 scaling network, known as ‘Abstract’. This marks a significant milestone in the company’s journey towards blockchain innovation and mass adoption of cryptocurrencies. The funding round was led by Founders Fund, with key investment partners including
Shiba Inu (SHIB) has recently experienced a 13% drop in value over the past week, leaving many investors concerned about its future trajectory. Analysts are divided on whether this downtrend will continue in the short term or if SHIB has the potential to rally in the long term. While some believe that the cryptocurrency is
