Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups

The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.

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Aethir and APhone unveil 10x scaling solution slashing mobile user costs by 90%

The strategic partnership promises significant benefits for the users of the decentralized smartphone, including 90% cost reduction and faster Web3 native mobile apps thanks to Aethir Edge.

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Nigerias SEC boss says crypto can aid 38M unbanked

Emomotimi Agama noted that cryptocurrencies like Bitcoin can considerably lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home.

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BNB Chain activates hard fork, reduces fees

BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing.

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Bitcoin mining revenue hits post-halving yearly low

Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.

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Vitalik Buterin proposes Ethereum gas model overhaul

Ethereum-based transactions currently have two gas fees: one for transaction execution and another for storing data.

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Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction

According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees have fallen below the $1 threshold for each transaction, and as of July 31, 2023, the average [...]

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How To Figure Out If You Should Start Mining Bitcoin

Turning a profit from Bitcoin mining is a challenge, but not impossible. Here are some factors to consider if you want to start.

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Microsoft Develops Secret AI Chips to Reduce Development Costs

Microsoft has been developing its own AI chips since 2019 to reduce reliance on Nvidia’s GPUs due to rising costs. The project, called “Athena,” is already being tested by Microsoft’s machine-learning staff and OpenAI developers. (Read More)

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‘Bad batch’ or flawed design? Compass Mining flags problems with new ASIC miners

The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers.

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Swyftx cuts 40% of staff as it braces against 'worst-case scenario'

The Australian crypto exchange said while it had no exposure to FTX, it was "not immune" to its fallout.

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Getting Stuff For Free Costs A Fortune

While many people cheered their stimulus checks, those same people are unaware of the long-term price they’re paying for endlessly increasing monetary units.

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The Rising Cost Of Energy Impacts Bitcoin Mining Profitability

The relationship between energy prices, hash rate, difficulty and the bitcoin price will be extremely important as the price of energy rises.

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Central American Countries Eager to See if El Salvador’s Bitcoin Cut Remittance Costs

Central American countries closely pay attention to see if El Salvador’s Bitcoin adoption could reduce the cost of remittances. (Read More)

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Tachyum's Prodigy Processors: A Game-Changer for Blockchain in Banking and FinTech

Tachyum, a leading tech company, has recently published a paper titled "Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy", which highlights the potential of Prodigy to revolutionize transactional banking and significantly reduce the environmental and financial costs associated with blockchain's energy consumption. (Read More)

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NYDFS to Assess Supervisory Costs from Licensed Crypto Firms

The NYDFS will assess supervisory costs from licensed crypto firms in the state of New York to add top talent to its virtual currency team. This new regulation provides the Department with additional tools and resources to regulate the virtual currency industry. (Read More)

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IMF Says Sub-Saharan Africa Already Feeling Effects of the ‘Big Funding Squeeze’

Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already “feeling the effects of the funding crisis.” The IMF says countries from the SSA region should also consider [...]

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Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed

According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited. 18 ASICs Profit With Electricity Costs at $0.12 per kWh and Today’s

The post Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed appeared first on BTC Ethereum Crypto Currency Blog.

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Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for April 12

During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following [...]

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Blockchain Association calls for SEC leadership shift amid shameful FDIC reveal: Law Decoded

The Blockchain Association and Coinbase spotlight SEC and FDIC actions, revealing significant financial burdens on crypto firms.

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