Frictionless staking addressing lock-in periods and rewards payout is here

Bitcoin (BTC) first drew attention to the proof-of-work (PoW) consensus algorithm, a process that demonstrated users could maintain a secure, decentralized blockchain if only at the expense of large amounts of energy. As history would have it, Bitcoin grew in popularity and faced trouble scaling to accommodate the sheer number of transactions needed. Recognizing the gap in technology, alternatives were …

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Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane

Bitcoin (BTC), the world’s most-valued cryptocurrencyhas the potential to be a significant energy consumer in the future, but only if it reaches several million dollars, according to new estimates by Arcane Research. Crypto research and analytics firm Arcane Research on Monday released a report estimating the development in Bitcoin’s energy usage toward 2040. Authored by Arcane Research analyst Jaran Mellerud, …

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Certain regulatory clarity could be ‘hugely detrimental’ for crypto, says former CFPB director

Kathy Kraninger, former director of the United States Consumer Financial Protection Bureau, or CFPB, said while many in crypto have complained about the lack of regulatory clarity in the country, the legal gray area has afforded the industry opportunities. Speaking to Cointelegraph, Kraninger said Congressional action on dividing the roles of different regulatory agencies — including the Securities and Exchange …

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What crashed the crypto relief rally?

On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally. To kick things off, we broke down the latest news in the markets this week Bitcoin (BTC) to lose $21K despite miners’ capitulation exit? Five things to know in Bitcoin this week. Miners are a …

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Ethereum community splits over solutions for transaction censorship

The Ethereum community has been divided over how to best respond to the threat of protocol-level transaction censorship in the wake of the United States government sanctions on Tornado Cash-linked addresses. Over the last week, Ethereum community members have proposed social slashing or even a user-activated soft fork (UASF) as possible responses to transaction-level censorship on Ethereum, with some calling …

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Rep. Emmer demands an explanation of OFAC’s Tornado Cash sanction from Sec. Yellen

United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of Foreign Assets Control (OFAC). Emmer said that OFAC, acting under …

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A bullish Bitcoin trend reversal is a far-fetched idea, but this metric is screaming ‘buy’

Bitcoin (BTC) price remains pinned below $22,000 as the lingering impact of the Aug. 19 sell-off at $25,200 continues to be felt across the market. According to analysts from on-chain monitoring resource Glassnode, BTC’s tap at the $25,000 level was followed by “distribution” as profit-takers and short-term holders sold as price encountered a trendline resistance following a 23-consecutive-day uptrend that …

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Here’s why holding $20.8K will be critical in this week’s $1B Bitcoin options expiry

Bitcoin (BTC) experienced a 16.5% correction between Aug. 15 and Aug. 19 as it tested the $20,800 support. While the drop is startling, in reality, a $4,050 price difference is relatively insignificant, especially when one accounts for Bitcoin’s 72% annualized volatility. Currently, the S&P 500’s volatility stands at 31%, which is significantly lower, yet the index traded down 9.1% between …

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