Ethereum News Daily TheBitTimes.com

Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers? There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS).  Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not. But I love the “what if” game. As a person who works in the crypto mining industry, I do my best to gauge where the market and mining industry are going, along with how that could play out. If Dogecoin makes a change to PoS or some other change to how new blocks are created, it would have massive ramifications for the mining industry. Here’s a look at a few options and their effects. Scrypt mining could be devastated I’m not going to debate whether or not Dogecoin will or should switch to PoS. While it’s hard to determine if the recent rumors about the potential for a switch are true or not, they were enough to have Bitmain supposedly pause Litecoin (LTC) and Dogecoin (DOGE) ...

Join Our Telegram channel to stay up to date on breaking news coverage Millionaires across the globe are investing in crypto more and more, according to a recent survey from financial advisory firm deVere Group. The study showed that 82% of millionaires with investable assets between £1 million and £5 million (USD $1.23 million and $6.16 million) sought advice on cryptocurrencies over the last 12 months. This comes despite the bear market in 2022 and suggests that even traditionally conservative high net worth individuals (HNWs) understand the potential of digital currency investments. But what can this deVere Group crypto study tell us about the crypto markets? 82% of Millionaires Seek Advice on Crypto as Bitcoin Soars@A_EyeReport https://t.co/niVwOZzRrF — deVere Group (@deveregroup) January 31, 2023 Findings of the deVere Group Crypto Study The deVere Group crypto study surveyed 560 affluent individuals across Europe, North America, Asia-Pacific, Afric...

Join Our Telegram channel to stay up to date on breaking news coverage Fetch.ai (FET) has recorded a magnificent first month of the year, soaring 252% from $0.089 at the beginning of the month to a high of $0.31 on January 28, the highest level since May 4. The rally was significant, marked by a series of higher highs and higher lows, until January 21, when bears put their right foot forward, and the FET price began to consolidate. At the time of writing, FET price was trading at $0.26, down by 7.8% on the last day. The token had a 24-hour trading volume of $40.81, which was 10% higher than the previous trading session. With a live market cap of $213.7, FET ranked 144 on CoinMarketCap. Why FET Crypto Soared Across January Technology platform Fetch.ai delivers global autonomous economic agent (AEA) solutions to developers. The AEA is a smart agent operating on behalf of the owner and with little to no interference to the owner’s organization. The solution is targeted at g...

Sam Bankman-Fried’s FTX exchange appeared to be functioning normally from the outside. However, when the exchange started to have liquidity problems, Sam Bankman-Fried’s empire fell. The fall of FTX affected numerous companies and sent shockwaves through the cryptocurrency community. After that, FTX declared bankruptcy, and SBF resigned as CEO. According to the latest report from Reuters, Sam Bankman-Fried ’s lawyers requested that a US judge not ban SBF from communicating with his ex-colleagues. The request stated that “the prosecutors tried to sandbag him.” Read more: Is Bitcoin Likely to Close at Its Highest Price Since August 2022? Source: Timesnext Sam Bankman-Fried’s lawyer’s response is regarding prosecutor’s request The request by SBF’s lawyers was in response to the federal prosecutor’s request to not allow SBF to communicate with the employees of Alameda or FTX. The request also urged the necessi...

The new version includes features that developers believe will increase capital efficiency and lower gas fees The third version of crypto Lending app Aave has now been deploy ed to Ethereum for the first time, according to a Jan. 27 tweet thread from the Aave team. “Aave V3” was originally released in March 2022, and it was deploy ed on multiple Ethereum Virtual Machine (EVM)-compatible blockchains shortly afterward. Until now, Ethereum users only had access to the app's older “V2” version. Aave Protocol V3 is now live on the Ethereum market ”The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, and its improved capital efficiency & decentralized liquidity – all while reducing gas costs.” @StaniKulechov pic.twitter.com/QsSnnlhEMr — Aave (@AaveAave) January 27, 2023 Aave V3 includes several Features intended to help users save on fees and maximize the efficiency of users’ capital. For example, High Efficiency mode al...

Join Our Telegram channel to stay up to date on breaking news coverage XEC price is upholding January’s uptrend with another bullish spike to $0.000044, unbothered by a market-wide retracement on Friday. Almost all non-stablecoin assets in the top ten are in the red led by Ethereum’s 1.7% drop to $1,583 and XRP’s 1.3% decline to $0.40. The largest cryptocurrency Bitcoin remains relatively unchanged in 24 hours and trading at $23,014. The total crypto market capitalization is down 0.8% to $1.08 trillion, with the 24-hour trading volume at $74 million, according to live price data by CoinGecko. Investors are likely to have taken a breather to digest the latest United States gross domestic product (GDP) figures released late Thursday. Total crypto market cap The US posted a 2.9% increase in GDP in Q4 2022, surpassing market watcher’s 2.6% expectation, according to a poll run by Reuters. The country’s consumer spending rose 2.1% with weekly jobless cl...

Source: YouTube | ABC News The FTX creditor list is a document that reveals the extent of the crypto enterprise's reach and the impact of its bankruptcy. The list is 116 pages long and includes notable companies such as Netflix and Apple. However, it should be noted that 9.7 million customer names have been redacted from the document. According to a court filing from Wednesday, FTX has debt obligations to a variety of institutions including media companies, universities, airlines, and charities.  Some notable examples include publications like the Wall Street Journal, Fortune, Fox Broadcasting and CoinDesk, crypto companies such as Coinbase and Binance, and airlines American, Spirit and Southwest. The document also includes the Gisele Bundchen Charitable Giving as a creditor. The Brazilian supermodel and her former partner, Tom Brady, were known to have invested in the company and even featured in one of its advertisements during a major American football event...

Bitcoin and the wider crypto market began to correct after the bullish momentum that drove last week’s rally to year-to-date highs started to fizzle out. Bitcoin (BTC) has been consolidating near $23,000 for the past few days. The next big question troubling investors is whether the rally is over or if Bitcoin resume its recovery. The strong year-to-date rally in Bitcoin has turned several analysts bullish in the short term. They anticipate Bitcoin to extend its up-move and reach $25,000 and even $30,000. However, for the slightly longer term, analysts seem to be divided. In comments to Cointelegraph, economist Lyn Alden said Bitcoin could face “considerable danger” in the second half of 2023 as liquidity risks rise. Daily cryptocurrency market performance. Source: Coin360 On the other hand, ARK Invest CEO and chief investment officer Cathie Wood said in a company video blog on Jan. 23 that crypto assets could witness a huge turnaround in 2023 as the Fed pivots due to falling inflatio...

A Bitcoin mining project in a remote corner of Malawi, a landlocked country in southeastern Africa, connects more families to the grid while delivering economic empowerment to an impoverished region. A Bitcoin (BTC) mining project that taps into clean, stranded and excess hydro energy in Malawi has picked up steam. The company behind the project, Gridless, shared that there are now “1600 families connected to this remote hydro mini-grid in the mountains of southern Malawi.” 1600 families connected to this remote hydro minigrid in the mountains of southern Malawi. They have 50kW of stranded energy that we are testing out as a new Bitcoin mining site. Videos for context. Still working on venting, wiring, etc. pic.twitter.com/Sxf8ABGPWH — Gridless (@GridlessCompute) January 21, 2023 The project exploits 50 Kilowatt (kW) of stranded energy to test out as a new Bitcoin mining site. Erik Hersman, CEO and co-founder of Gridless, told Cointelegraph that while it’s a brand new mining...

Avalanche moved to a multi-month high on Jan. 24, after reports that the number of bitcoin on its network rose to 5,493. The news saw the token surge by nearly 5% today, rising for a third straight session in the process. Polygon also moved higher on Tuesday, hitting a one-week high. Avalanche (AVAX) Avalanche (AVAX) rose to a multi-month high on Tuesday, as prices rallied for a third consecutive session against a backdrop of bullish news. Following a low of $17.43 to start the week, AVAX/USD moved to an intraday peak of $18.86 earlier today. As a result of today’s surge in price, AVAX has risen to its strongest point since Nov. 6. AVAX/USD – Daily Chart Looking at the chart, the move took place following a breakout of a ceiling at the $18.50 mark. In addition to this, the 14-day relative strength index (RSI) neared a resistance level of its own at 72.00 At the time of writing, the index is tracking at 71.11, with earlier gains fading, resulting in AVAX currently trading a...

Regulators in the US have undoubtedly been taking measures to protect cryptocurrency investors. Nonetheless, community members have raised quite a few red flags of late. When the Department of Justice initially revealed that it was going to “announce a major, international cryptocurrency enforcement action,” there were speculations, that something “huge” will be announced. However, that was not the case. The government taking action against lesser-known crypto exchange Bitzlato made community members furious. In fact, a few outrightly questioned if the latest action was meant to distract people from the fact that they did not suspect anything about FTX . Read More: Bitcoin, ‘Bitzlato’ and the DOJ: What Just Happened? Grayscale CEO slams SEC’s 1-D approach Leaving aside the community, even stalwarts from the space started voicing out their opinions regarding the same. In a letter to the WSJ, Grayscale executive Michael Sonnenshein sl...