Does Bitcoin Have an Energy Problem?

Ethereum art (CoinDesk archives)Ethereum miners earned over six times more in fees compared to those working on Bitcoin in September. Glassnode data shows Ethereum's total transaction fees stood at an all-time high of $166 million for the month – far more than the $26 million taken in Bitcoin fees.Ethereum fees long trailed those on Bitcoin,…

Efforts to scale ethereum, the world's second-largest blockchain, are growing more varied as one much-anticipated solution encounters pitfalls amid its continued development. At the forefront of this transition has been plasma, a concept widely heralded as ethereum's best bet for short-term scaling. Already, researchers behind the tech have built five distinct versions of the protocol –…

Wintermute Trading, the large crypto market maker, withdrew more than 8 million ARKM tokens from Binance, underscoring its major role in Arkham Intelligence’s controversial new dox-to-earn platform designed to unmask anonymous crypto users.Those five Wednesday transactions, totaling $3.7 million of ARKM, increased Wintermute’s position by more than 731%, according to blockchain analytics firm Nansen.(Nansen)The Arkham…

How Does Kraken’s New Crypto Bank Work?This week Kraken Financial became the first crypto company to receive a banking charter under Wyoming’s Special Purpose Depository Institution statute. Join CEO David Kinitsky for a look at what it all means and how it’ll work with hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy. From…

There are striking similarities between DOGE's price action today and in late 2020.The so-called fractal is noteworthy as dogecoin surged over 1,000% in early 2021.One key principle of the Dow Theory is that asset price trends are self-repeating, functioning along Mark Twain's famous quote: "History never repeats itself, but often rhymes." Hence, traders often check

Jul 24, 2020 at 21:21 UTC(Free Stocks/Unsplash, modified with Photomosh)CoinDesk’s Twitter Hack Proved the Media Can’t Rely on Web 2.0A rundown from one of CoinDesk’s editorial Slack channels during an action-packed hour on Wednesday last week reads like a high-pace drama.  It tells the tale of a news team going through a process of incremental…

Mar 24, 2020 at 17:05 UTCUpdated Mar 24, 2020 at 17:26 UTCBitcoin Halving 2020Bitcoin’s Approaching ‘Halving,’ ExplainedThis article is part of an ongoing series on the significance of Bitcoin's third halving, expected to take place around May 13, 2020. Further reading:“The halvening" sounds like a horror movie about an ax murderer. But it's actually the…

May 29, 2020 at 14:26 UTCUpdated May 29, 2020 at 15:10 UTCJoe Roets, Dragonchain's CEO and chief architect (Credit: Vision Tree Media) Discovery Science to Premier Crypto-Funded TV Series About… Dragonchain?A new series about blockchain project Dragonchain is premiering on Discovery, and it’s been fully financed with $1 million in crypto. Production house Vision Tree…

Bitcoin (BTC) is on the back foot ahead of the key U.S. data release, which could bring pain to risk assets, including cryptocurrencies.At press time, bitcoin was changing hands at $34,235, representing a 2% drop on the day, CoinDesk data show. Prices briefly topped the $36,000 mark early this week, extending past week’s 15% surge