Author: e_cash_top
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World’s largest Bitcoin mining firm Core Scientific on the verge of insolvency
[ad_1] Core Scientific, one of the worldâs largest publicly traded Bitcoin mining companies, is on the verge of insolvency. In an Oct. 26 SEC filing, the company said its operating performance and liquidity had been severely impacted by rising electricity costs and falling Bitcoin prices. The increase in hash rate has also drastically impaired the…
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Buterin says crypto is a better bet than gold
[ad_1] Ethereum (ETH) co-founder Vitalik Buterin believes that crypto is a better asset to hold than gold, adding that it already has more adoption than a physical asset. Gold is incredibly inconvenient. It’s difficult to use, particularly when transacting with untrusted parties. It doesn’t support safe storage options like multisig. At this point, gold has…
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Vitalik says making ZK proofs ‘understandable’ is necessary for Ethereum
[ad_1] Making zero-knowledge proofs (ZKPs) âunderstandable and accessibleâ to people is necessary to keep the Ethereum ecosystem âopen and welcomingâ to people without a mathematics degree, Ethereum co-founder Vitalik Buterin tweeted Oct 26. ZKPs are often referred to as âmoon mathâ because of their complexity. I’m so happy that Ethereum has such a strong culture…
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Sushi DAO approves proposal to evolve into 3 legal entities
[ad_1] Sushi DAO has unanimously approved a proposal to set up three legal entities in Cayman Island and Panama to manage the affairs of the protocol. Development activities in SushiSwap are managed by its community DAO and the project team. However, the new approval will see three legal entities emerge to run the protocol. Sushiâs…
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Phishing attack steals 700 Ethereum; Moldova bans crypto mining
[ad_1] The biggest news in the cryptoverse for Oct. 26 includes the theft of over $1M worth of Ethereum by a phishing attack, Vitalik Buterinâs tweet deeming ZKPs ânecessaryâ for Ethereum and Binance overtaking Huobi in crypto derivatives trading. CryptoSlate Top Stories Over $1M worth of ETH, NFTs stolen in phishing attack A scammer, âMonkey…
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US and EU lead Bitcoin’s price action
[ad_1] After weeks of flatlining, Bitcoin has finally seen some positive price action, breaking through the $20,000 resistance. At press time, BTC stood at $20,745 and showed the potential to inch even closer to $21,000. Graph showing Bitcoinâs price in October 2022 (Source: CryptoSlate Bitcoin) Bitcoinâs rally could have been a result of a significant…
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Tyranno Studios unlocks the new era in Web3 gaming with interoperability and convenience
[ad_1] Tyranno Studios is a Web3 gaming company that defines its core value as allowing players to retain complete control over the items they purchase in games, regardless of its platform. It focuses on functioning cross-chain with a seamless experience. The company just launched its new game called blockchain brawlers last week. Designed by Richard…
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Binance overshadows Huobi in crypto derivatives trading
[ad_1] Crypto derivatives trading was responsible for 63.4% of the entire crypto market in September as its trading increased by 1.54% month over month to reach $2.71 trillion, according to CryptoComapre data. Changpeng Zho-led Binance accounted for 60.1% of this derivatives trading volume among exchanges in September. This trend continued from July and August when…
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Is Ethereum now under U.S. control? 99% of latest relay blocks are censoring the network
[ad_1] Following OFAC sanctions on Ethereum addresses related to Tornado Cash and other global entities, many were concerned with the precedent set by the bans. Vitalik Buterin, the founder of Ethereum, called for validators to be slashed if censorship were to occur at the protocol layer. However, over the past month, there has been an…
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About 61% of BTC holders are underwater as market stagnation persists
[ad_1] Following the fallout from the Terra implosion and subsequent market deleveraging, Bitcoin bottomed at $17,600 on June 22. Although the BTC price recovered to $25,300 some two months later, it is fair to say price action since that local top has been stagnant. Particularly since mid-September, with BTC ranging between $18,100 and $20,500. On-chain…