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Bitcoin Will Lose Users if it Doesn’t Adopt Proof-of-Stake, Says Solana Co-Founder

The Proof-of-Work (PoW) consensus mechanism, which relies on crypto mining to validate transactions, is a pioneering concept that, in fact, pre-existed Bitcoin. But it is often criticized due to its…

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Finland Intends to Donate Confiscated Bitcoin to Aid Ukraine (Report)

The Finish government will reportedly donate some of its seized bitcoin holdings to support Ukraine’s efforts in its war with Russia. Over the years, the Scandinavian country has confiscated nearly…

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New York State Assembly Passed Moratorium Bill Targeted at Carbon-Based PoW Mining Sites

New York State’s lower chamber passed a bill on Tuesday, imposing a two-year moratorium on crypto mining facilities that use carbon-based fuel to validate proof-of-work (PoW) blockchain transactions. The legislation…

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BlackRock Launched Blockchain ETF with Major Holdings on Coinbase and Marathon Digital

Multinational investment management corporation Blackrock launched iShares Blockchain and Tech ETF (IBLC), a basket of equities that include Coinbase, bitcoin miners Marathon Digital, and many more. As of April 26th,…

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Riot Blockchain To Build a Private Electricity Station For its Bitcoin Miners

Bitcoin mining is a very energy-intensive activity, but that won’t be a problem for Riot Blockchain Inc. This U.S. mining company decided to create its own electrical substation in Texas…

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