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After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is
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The New York Times’ latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents — some of whom took to Twitter to call out certain aspects of the report, including saying it was “cherry-picking” data.The NYT article says Bitcoin
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After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin proponents expressed distaste for the logo change,
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Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems. Krugman’s Experience Highlights the Growing Interest in Censorship-Resistant
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The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed
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Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools dedicating hashrate toward the blockchain network. That has all changed and most of the miners transitioned or plan on transitioning to other Ethash compatible coins like ethereum classic, ERGO, and the new fork ETHW. Now Ethereum
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Lawyers and lobbyist for the cryptocurrency industry have raised objections to Securities and Exchange Commission proposals that could formally expand crypto oversight. The comment deadline arrived Monday for the first of those rule that amplifies the scope of how the agency defines exchanges. Source
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Simply shifting the cost curve to up-front cost might lead to the exact opposite centralization problem. Instead of most bitcoin mining ending up near cheap, abundant energy sources that popped up in developing, labor-abundant countries, like China, they might coalesce in developed, capital-abundant countries, like the United States. Specialized mining
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On June 19, 2020, the massive industrial firm Honeywell told the public the company is now running a quantum computer that effectively leverages six effective quantum bits, or qubits. Honeywell’s machine is two times more powerful than the quantum computers designed by IBM and Google. With Honeywell revealing the
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In five weeks, the Bitcoin Cash (BCH) network will upgrade once again, adding two new features to the blockchain. The first component added will be Schnorr support for OP_Checkmultisig, which
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