Ether's Deepest Backwardation Since 2020 Crash Shows Traders Prepping for Ethereum PoW Split
Traders buy ETH in the spot market and sell ether futures to withstand volatility, creating backwardation. Original Source
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PoW
A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets – Bitcoin News
Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month. As usual, the idea of a forked token gets people excited and some individuals get upset,
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Chinese Miner Claims an Ethereum PoW Fork Is ‘Coming Soon,’ Despite ETC’s Existence – Bitcoin News
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum during the week of September 19, and the growing discussions of delaying the highly anticipated proof-of-stake (PoS) transition. Chinese Miner
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Crypto Community Holds its Breath as the EU Finalizes Regulations on PoW and Unhosted Wallets this Month
Summary: EU legislators are estimated to finalize regulations on proof-of-mining crypto activities and unhosted wallets by the end of June. Such regulation will have enormous implications for the crypto industry in Europe and globally. The crypto community is anxiously watching as EU legislators finalize regulations that will affect proof-of-mining activities and unhosted (non-custodial)
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NY City Mayor Eric Adams Wants State's Governor to Veto 2-Year Moratorium on PoW Mining: Report
The city's pro-crypto mayor plans to ask Gov. Kathy Hochul to veto a mining bill that would stop Proof of Work mining for two years. Source
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NYC Mayor Eric Adams speaks out against PoW mining ban legislation
New York City’s Mayor Eric Adams spoke out on Monday against a bill just one step away from effectively banning Bitcoin mining in the state for the next two years.The bill is designed to place a two-year moratorium on proof-of-work (PoW) crypto miners who do not use 100% renewable energy.
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Ethereum’s Vitalik Opposes New York State’s Ban on PoW Mining, Suggests Carbon Pricing as an Alternative Solution
Summary: Vitalik Buterin opposes the banning of Proof-of-Work mining operations by governments. According to Vitalik, governments picking and choosing which specific applications should use electricity or not is a bad idea. He proposes the implementation of carbon pricing as an alternative solution to banning PoW mining. Vitalik was commenting on the news that the
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European crypto regulatory framework goes to three-way consideration without PoW ban
The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over.Thursday marked the last day when the European Parliament could stop the current draft of the Markets in Crypto Assets (MiCA) from
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PoW avoids EU ban, two DeFi protocols suffer a combined $11M hack and BAYC does an ApeCoin airdrop: Hodler’s Digest, March 13-19
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekUkraine’s president signs law establishing regulatory framework
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EU Committee Rejects Proposal to Ban PoW Networks Such as Bitcoin
Quick take: The EU’s ECON committee has voted against a proposal to ban proof-of-work crypto networks in the region 32 members of the committee voted against the proposal with 24 in favor The proposal was meant to target proof-of-work networks such as Bitcoin’s that did not meet environmental sustainability standards Crypto mining will most
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