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Topic: Blockchain

Ethereum risks becoming a victim of its own success. (REUTERS) News 

Ethereum Developers Rush to Implement New Update After Successful Overhaul

Jim Hendler

Crypto’s most crucial commercial highway is at risk of becoming a casualty of its own success, marking one year since a highly-discussed software upgrade that was comparable to the Y2K transition over twenty years ago. The overhaul of the Ethereum network, known as the Merge, proved to be a seamless transition to a more energy-efficient system for ordering transactions on the blockchain. One of the incentives offered to participants is the opportunity to earn income by helping the operation of the network with the tokens used. The growing demand for…

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Bitcoin mining is an energy-intensive process in which miners use specialized computers to validate Bitcoin transactions on the blockchain in return for token rewards. (REUTERS) News 

Blockstream Amassing Mining Rigs in Anticipation of Bitcoin Revival

Jim Hendler,

Blockstream Corp., a Bitcoin developer, is confident in a significant recovery of the world’s most valuable cryptocurrency. To capitalize on this potential, the company is acquiring Bitcoin mining rigs with the intention of selling them at a later time for a profitable return. Montreal-based Blockstream was one of the earliest Bitcoin infrastructure companies, founded in 2014 by CEO and co-founder Adam Back, among industry insiders believed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin — speculation Back dismissed. Now the company plans to take advantage of Bitcoin’s looming software…

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Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. (REUTERS) AI 

Exploring the Potential of Blockchain Technology with Artificial Intelligence

Jim Hendler,

The future of cryptocurrency has been called into question following the recent filing of lawsuits by the US Securities and Exchange Commission against Coinbase Global Inc. and Binance Holdings Ltd. As digital assets face increasing regulatory pressure and other market headwinds, they have also been pushed aside as the latest technology fad. When OpenAI launched its ChatGPT bot in November, it paved the way for the practical use of artificial intelligence. Since then, AI has caught the attention of founders and investors – the same people who fueled the crypto…

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Binance and Coinbase are both alleged to have violated the law. (REUTERS) News 

Questions Surrounding the Viability of Cryptocurrency Companies Following SEC Lawsuits

Adarsh V.K, , , ,

After the crypto winter and the alleged fraud committed by FTX founder Sam Bankman-Fried, lawsuits have now emerged. The US Securities and Exchange Commission last week filed charges against the world’s largest cryptocurrency exchanges, Binance and Coinbase, deepening tensions between the government and a volatile industry that has been marked by scandals and market crashes. Binance and Coinbase allegedly broke the law by operating as securities exchanges without registering their business with the SEC. Along with the CEO, Binance faces additional charges, among other accusations, of diverting customer funds to…

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Ether rose 5.3% on Monday and hit its highest level in nearly two weeks. REUTERS / Dado Ruvic / Illustration (REUTERS) News 

Chinese beauty app becomes first major company to buy ether

Nitin Misra, , ,

Meitu, who creates an app that lets you edit user profile photos, said on Sunday that it bought 15,000 units of Ether for $22.1 million and 379.1 Bitcoins for $17.9 million on the open market on March 5. These acquisitions are part of an overall usage plan. as much as $100 million from his cash reserve to fund cryptocurrency purchases, as he believed prices could appreciate and the crypto could diversify its portfolio. No other large company has announced plans to invest significantly in Ether, the world’s largest digital currency…

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