DeFi Technologies launches Core chain validator, stakes 1,498 Bitcoin

The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”Bitcoin mining is an energy-consuming process, as it is a proof-of-work (PoW) blockchain network that…

The Open Ordinals Institute aims to bolster the protocol’s future development as Ordinals inscriptions hit a milestone of 21 million. 101 Total views 2 Total shares A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol.The California-based nonprofit called…

Bitcoin’s monthly candlestick pattern could indicate where markets are going next, according to analysts. 

An external member of the BoE policy committee looks at DeFi governance and regulation and lists measures the industry should take before regulated blockchain swallows up business. 243 Total views 6 Total shares The lack of regulation and good governance in the crypto sector is more than a hindrance to businesses and lack of protection…

Bitcoin (BTC) has stopped its decline and is attempting a recovery along with select altcoins. Some traders have been fearing a massive sell-off in Bitcoin but Capriole CEO Charles Edwards said that Bitcoin’s worst crashes have happened “due to miner capitulation (December 2018 and March 2020), when BTC fell below production costs.” However, the current…

Amid the looming regulatory deadline in South Korea, a major crypto exchange is closing up shop in the country. 351 Total views 6 Total shares Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline.The exchange officially announced on Friday that it…

ThreatFabric, an Amsterdam-based cybersecurity firm specializing in threats to the financial industry, has identified the "Cerberus" Trojan that steals 2-Factor Authentication (2FA) codes generated by the Google Authenticator app for internet banking, email accounts, and cryptocurrency exchanges.US-based cryptocurrency exchange Coinbase is one of the crypto platforms listed in Cerberus’ exhaustive list of targets — which…

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading between Bitcoin users. 77 Total views 1 Total shares Peer-to-peer Bitcoin (P2P) marketplaces remain an important cog in allowing users to move money across borders, but their future depends on becoming permissionless and unstoppable according to Paxful's Ray Youssef.Youssef, alongside Nicolas…