mining

Is post-Merge Ethereum PoS a threat to Bitcoin’s dominance?

While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.”  According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world …

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JPMorgan CEO calls crypto ’decentralized Ponzi schemes’

While testifying before United States (U.S.) lawmakers, JPMorgan Chase CEO Jamie Dimon referred to himself as a “major skeptic” on “crypto tokens that you call currency like Bitcoin,” labeling them as “decentralized Ponzi schemes.” Dimon was asked what keeps him from being more active in the crypto space during an oversight hearing held by the …

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Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’

$20,000 is no longer support. $100,000 didn’t happen. The Bitcoin halving is 562 days away. Bears simply refuse to release their vice grip on the market and the Federal Reserve’s policy of interest rate hikes and quantitative tightening is adding fuel to the fire. Despite these challenges, in a Sept. 15 Twitter Space hosted by …

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Flashbots build over 82% relay blocks, adding to Ethereum centralization

Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. However, mining data reveals Ethereum’s heavy reliance on Flashbots — a single server — for building blocks, raising concerns over a single point of failure for the ecosystem. Flashbots is a …

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Russia aims to set rules for crypto cross-border payments by year’s end

Russian Prime Minister Mikhail Mishustin on Tuesday officially instructed the government to come to a consensus regarding crypto regulation in Russia by Dec. 19, 2022. The prime minister specifically called on the Duma and other state authorities to come up with coordinated policies on regulating the issuance and circulation of digital currencies in Russia. Mishustin …

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The Fed, the Merge and $22K BTC — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a pivotal week on a firm footing as bulls succeed in wiping out weeks of losses. After closing the latest weekly candle at $21,800, its highest since mid-August, BTC/USD is back on the radar as a long bet. The end to an extended period of downside interspersed with sideways price action now …

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