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Ethereum Merge prompts miners and mining pools to make a choice
The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially scheduled for Sept. 15–16 after the successful final…
Biden is hiring 87,000 new IRS agents — and they’re coming for you
The Inflation Reduction Act, signed into law this month by President Joe Biden, empowers the IRS with nearly $80 billion in new funds. The world’s most powerful tax collection agency is using the money to go on a hiring spree to fuel much…
Can exchanges create imaginary Bitcoin to dump price? Crypto platform exec answers
Serhii Zhdanov called for broader regulation in offshore crypto exchanges that do not go through financial audits. 88 Total views 25 Total shares One of the most substantial value propositions of Bitcoin (BTC) is that no one can…
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management. 173 Total views 27 Total shares Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed…
Aussie exchange Swyftx cuts staff by 21% amid bear market
Australian crypto exchange Swyftx highlighted inflation, a recession, and the bear market as the reasons behind the unfortunate lay-offs. 202 Total views 5 Total shares Australian crypto exchange Swyftx has had to lay off 21% of its…
Korea’s ‘poop-coin’ project got flushed in February, inventor reveals
There wasn't enough interest in the project, and it wasn't able to stand on its own, the Korean professor behind the Beevi project said. 90 Total views 9 Total shares The South Korean government has put the lid on a science program…
Robinhood lands steep 60% discount on $170M exchange acquisition: Report
The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions. 297 Total views 5 Total shares Stock and crypto investment platform Robinhood has…
Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K
Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls…
US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption
Four members of the U.S. House Committee on Energy and Commerce said they were "deeply concerned" that Proof-of-Work mining could increase demand for fossil fuels. 351 Total views 20 Total shares Four members of the United States House…
A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a "technical adjustment," but the network’s deposits and…