In a letter published on Wednesday, the Bitcoin maximalist, MicroStrategy executive chairman, and alleged tax evader said that mining is “the most efficient, cleanest industrial use of electricity.” According to him, the output cost of the Bitcoin mechanism is 100 times higher than the input cost.
Author: hassan
hassan
Hassan Shittu contributed to Blockchain Journal as a cryptocurrency journalist, covering blockchain technology, digital asset markets, and broader industry developments. His reporting focused on delivering clear, timely coverage of crypto-related news, with attention to market structure, ecosystem trends, and factual accuracy.
Following the unification, severalthe significant Ethereum mining pools are anticipated to adopt EthereumPoW (ETHW), according to the new asset’s developers.
US citizens can request a withdrawal permission from OFAC if they sent cryptocurrency to Tornado Cash but did not finish the mixing transaction before the sanctions took effect.
Tuesday saw the release of August US inflation figures by the Bureau of Labor Statistics hitting 8.3%. While 8.1% was the range for the projected number, the actual released number was much higher at 8.3%. The likelihood of the Fed raising interest rates by 75 basis points has risen as a result of the same.
The group behind EthereumPoW (ETHW), a proof-of-work fork of the Ethereum Blockchain, has finally announced plans to launch its hard fork shortly after the Ethereum Merge on September 15. Despite a rocky few weeks since its announcement, the team has had some difficulties.
Rapper “Razzlekhan” Heather Morgan and her husband are charged with laundering billions of dollars worth of stolen bitcoin. These two people were detained on suspicion of conspiring to launder cryptocurrency that had been stolen in the Bitfinex hack of 2016, a virtual currency exchange with a market cap of about $4.5 billion. In connection with that incident, law enforcement has so far seized cryptocurrencies worth more than $3.6 billion.
Speaking on Thursday at a conference for the industry, Mr. Gensler, the Chairman of Securities and Exchange Commission (SEC) said he was looking forward to working with Congress to increase the Commodity Futures Trading Commission’s authority, to the extent that the organization needs more power to monitor and control “non security tokens…and the related intermediaries.”
On Thursday, the White House Office of Science and Technology Policy issued a warning that the usage of bitcoin mining equipment would make it more difficult for the nation to combat climate change. Additionally, it stated that in order to comprehend and address the issue, government agencies should “examine information from crypto miners and municipal utilities in a privacy-preserving manner.”
The chief executive of Pantera Capital, Dan Morehead, thinks that the bear market is about to finish. In an interview with Bloomberg earlier this week, he disclosed this. He predicts that the cryptocurrency winter will soon expire and that bitcoin’s price will once more move north.
Six more cryptocurrencies have been formally added to Coinbase’s listing plan, putting them on pace to join the company’s expanding collection of tradable digital assets.