Why Academics Love Bitcoin – and Crypto

Proof-of-work (PoW), the consensus mechanism that secures bitcoin and numerous other cryptocurrency blockchains, has given the technology a reputation for hogging energy. Indeed, a commonly advanced argument is that an army of specialized computers all racing to solve some arbitrary math problem can wind up using as much electricity as a small country. However, scientists from…

news Bitcoin has become more decentralized by several measures, according to Canadian financial services firm Canaccord Genuity Group. In its February report, the firm said bitcoin was less decentralized in its earlier days, as measured by its hashrate distribution. However, over the last few years, “increased competition” among mining chip manufacturers has led to decreasing…

BLUE will be unveiled in July and will include user incentives such as airdrops and trading rewards. The DEX also received an undisclosed amount of investment from Flow Traders ahead of the token roll-out. 04:56 Binance Confirms BNB Chain Burns Over $575M in BNB Tokens 06:56 Get Started with DESK: How to Set Up Your

Oct 13, 2020 at 18:21 UTC(Zarifa/iStock/Getty Images Plus)Ethereum’s Top Dapps Are Increasingly Turning to ‘Rollups’: Here’s WhyEthereum scaling solutions are heterogeneous, which, as a result, makes them hard to monitor.For those conversational about all things Ethereum, rollups are the newest need-to-know technology that largely made their debut one calendar year ago at Devcon V in…

USDC stablecoin issuer Circle was the top depositor helped by a government-backed guarantee of Silicon Valley Bank, according to Federal Deposit Insurance Corporation (FDIC) documents seen by Bloomberg.Regulators stepped in to protect creditors of the bank after it collapsed in March. They argued the move was needed to restore confidence and aid the economy, but…

Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a very small amount of ETH and other altcoins.As part of CoinDesk’s former Valid Points Newsletter, CoinDesk set up its own Ethereum validator,…

Crypto venture capital giant Polychain has accused Niraj Pant, a former employee, of making a backroom deal with portfolio company Eclipse Labs that broke the fund's policies. According to three sources close to the situation and internal Eclipse documents reviewed by CoinDesk, Neel Somani, the former CEO of Eclipse Labs, quietly allocated Pant 5% of

In April, the U.S. Securities and Exchange Commission (SEC) reopened the comment period for proposed set of rules that would redefine various blockchain protocols as U.S. regulated securities exchanges, a second try at reining in decentralized finance (DeFi) from early 2022.The public has until Tuesday, June 13 to submit comments. And comment everyone should, because…

CoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Breaks $12K; Uniswap Crosses $1.5B LockedBitcoin breached $12,000 again Tuesday, and traders see bullish crypto signals everywhere on the charts. Bitcoin (BTC) trading around $11,970 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $11,524-$12,085BTC above its 10-day and 50-day moving…