Salesforce Launches a Pilot NFT Platform, Won’t Support PoW Blockchains
On Wednesday, American software firm Salesforce announced the launch of a pilot NFT platform – NFT Cloud – on which users can mint and trade such digital assets. However, the…
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Kevin O’Leary on Proposed PoW Ban, Says New York State is Uninvestible
Renowned TV personality and millionaire investor Kevin O’Leary said the Proof-of-Work(PoW) ban proposed by New York State would scare businesses away. According to the crypto bull, the state, along with…
Vitalik Buterin Confirms Ethereum’s Merge Could Happen in August
Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This…
New Milestones for Ethereum as Ropsten Public Testnet Merge Date Revealed
Earlier this week, a pull request was submitted by an Ethereum DevOps engineer for the Ropsten testnet Merge configuration code that can be seen in the GitHub repository. For the…
FTX CEO Thinks Bitcoin Has No Future as a Payment System
Sam Bankman-Fried – Chief Executive Officer of the crypto exchange FTX – argued that bitcoin will not emerge as a global payment network. He labeled it inefficient and harmful to…
Bitcoin Community Sends Letter to EPA Debunking Proof of Work FUD
Several Bitcoin communities and industry leaders have issued a letter to the Environmental Protection Agency (EPA) to clear up confusion and educate the public about Bitcoin’s power consumption. Among its…
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…
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…
23 Congressional Democrats Call for Investigating Proof-of-Work Facilities
Proof-of-work (PoW) protocols have been under fire for years due to their massive energy consumption – particularly hurting the battle against climate change. The latest censure against the mining industry…
Ethereum Dev Says The Merge Could Be Delayed a Few Months, ‘Strongly Suggests’ Not Investing in ETH Mining Rigs
According to Ethereum developer Tim Beiko, The Merge is likely to be pushed to the third quarter of 2022. Despite the delay, Beiko also said he “strongly suggests not investing…