Ethereum's Vitalik Buterin Mocks Ripple and XRP, but is ETH 2.0 next on SEC's List?

Ethereum Founder Vitalik Buterin mocks Ripple's XRP as fights the SEC, but with the recent ETH 2.0 upgrade to POS it may not be long before the SEC reclassify ETH as security.

Mining Rig Makers Race to Create Next-Gen Ethereum Miner Before Staking-Only Kicks In

The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today.

Free TON Community’s Meritocratic Token Distribution Model to Revolutionize Tokenomics

Free TON is a community driven PoS network with a focus on decentralized governance.

Free TON, From an Abandoned Project to the Frontier of PoS Networks

The Durov brothers fought a long and exhaustive battle with the United States Securities and Exchange Commission (SEC) over the Telegram Open Network (TON)’s acceptance in the United States, which ended with an official announcement that the further development of the project was abandoned.

Ethereum Price Rally to Continue as Over $529 Million Staked Ahead of ETH 2.0 Launch

In anticipation of the Ethereum 2.0 Phase 0 launch, an enormous amount of Ethereum has already been staked for its deposit contract as part of the PoS network.

Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake ‘Beacon’ Chain Starts in 7 Days

The Ethereum network’s ETH 2.0 contract has crossed the threshold needed to initiate the upcoming upgrade.

Ethereum 2.0 to boost DeFi but delayed launch may set the network back

The launch of Ethereum 2.0 is bound to support DeFi growth, but would it be capable of handling the pace at which DeFi is growing? This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0.

Ethereum 2.0 deposits at 10% of launch threshold as deadline approaches

Two more weeks before launch is delayed, but progress has slowed down lately. The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of press time. This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million.

ETH 2.0 Scheduled for December, Vitalik Deposits $1.4M Worth of Ether Into Phase 0 Contract

This December the cryptocurrency community may see the first introductory phase of the highly anticipated Ethereum 2.0 consensus change.

Enecuum launched PoS challenge with 6,000,000 ENQ Fund

[PRESS RELEASE – Please See Disclaimer] From 10/28/2020 to 02/05/2021 the first stage of the POS-challenge on the Enecuum platform will take place.

Paxful launches crypto debit card in Mexico

The debit card was made possible thanks to an alliance with a Spanish neobank Bitcoin (BTC) P2P marketplace Paxful has partnered with Spanish neobank Bnext to launch its first crypto debit card in Mexico. The partnership will allow Paxful’s Mexican customers to use their crypto funds to pay with a debit card in any national and foreign point-of-sale, or PoS, and even withdraw cash from ATMs without fees. Bnext customers will also have direct access to the P2P marketplace to buy and sell crypto.

CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale

A project that started out in the Ethereum ecosystem may soon be a worthy adversary for the network. CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies.

OECD calls out countries for their inconsistent rules on crypto taxation

The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets. A study of cryptocurrency taxation regimes from around the world by the Organization for Economic Co-operation and Development, or OECD, found that global crypto taxation laws are highly inconsistent. Source: OECD Report. The way crypto assets are defined vary greatly by jurisdiction.

eToro to begin staking rewards for Cardano (ADA) and other POS cryptos

The multi-asset, regulated platform, eToro has announced today that it will introduce its new staking service for Cardano (ADA) from this month onwards, according to a release emailed to AMBCrypto. The post eToro to begin staking rewards for Cardano (ADA) and other POS cryptos appeared first on AMBCrypto.

Two major crypto exchanges are teaming up to push the industry forward

Crypto exchanges Poloniex and KuCoin are set to research the crypto industry together, hope to benefit the whole sector. Crypto exchange KuCoin has unveiled dealings with another exchange, Poloniex, in an effort to move the crypto industry forward.    "KuCoin and Poloniex will join hands in trading technology research and development, liquidity sharing, product iterations, PoS [proof-of-stake] and PoW [proof-of-work] mining pools, and other industrial exploration," said a statement provided to Cointelegraph.  Together, Poloniex and KuCoin aim to help the crypto industry progress as a whole, instead of competing against each other within the sector, the statement detailed.

The Challenge of Taxing Proof-of-Stake

Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value. While being a relatively young correction to energy-intensive proof-of-work (PoW) network validation, proof-of-stake has existed in theory since 2012.

Understanding Directed Acyclic Graphs in the Blockchain Landscape

DAGs present an encouraging approach, aimed to improve the existing speed, scalability and cost issues of blockchain technology. The more time you spend in the blockchain and cryptocurrency industry, the more you encounter some fairly arcane technologies and their accompanying terminologies.

Is Ethereum's Move to PoS Really an Upgrade?

Proof-of-Work is a solution to the Byzantine Generals' Problem.

Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts

During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues.

PSF Token Invokes the First Coin-Age Staking Protocol on Bitcoin Cash

During the last six months, the Simple Ledger Protocol has grown immensely and there’s been 9,604 SLP tokens created since the infrastructure launched.

Cryptocurrency Mining Profitability in 2020: Is It Possible?

In the emerging global crypto economy, crypto mining is probably going to remain and even become more profitable in the upcoming years. Miner profitability metrics are based on a handful of factors regulating difficulty and emission, which are hard-coded into the blockchain’s attributes, making it predictable to work with.

Ethereum 2.0 Devs Discuss Medalla Issues as Network Stabilizes

After the somewhat imperfect launch of the Medalla Eth 2.0 testnet, developers discuss what initially went wrong. Following the successful but imperfect launch of the Medalla testnet, the first community testnet for Ethereum 2.0, developers spoke on the issues and needed improvements highlighted by the event. In an Eth 2.0 Dev call held on Aug.

Ethereum Classic Suffers Another 51% Attack, Buterin Suggests Switch to PoS

Ethereum classic's network has been subjected to another 51% attack.

Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards

Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. On Aug.

Over 90% of Ether Supply Is Now in 'State of Profit,' Says Glassnode

Glassnode states that over 90% of the Ether token supply was bought at a lower price than that at which it's currently trading.

2020 Is Becoming the Year of Staking With Some Major Achievements

While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake. Proof-of-work and proof-of-stake have a lot of benefits to offer the community, and the discussion around these algorithms has dominated conversations in the cryptocurrency community.

Various Crypto Mining Strategies Underline Industry’s Growth Potential

PoS mining platforms are gaining traction globally but could use more polishing and real-life testing, according to experts. Over the course of the past few years, the cryptocurrency mining sector has started to gain a lot of mainstream financial traction.

Ethereum Classic Blockchain Splits Due to Reorg by a Single Miner

Ethereum classic was attacked? ETC network briefly goes down for maintenance, diagnosis report explains what happened. On August 1, several figures associated with Ethereum Classic (ETC) took to Twitter to inform the community of issues with the ETC blockchain.

Blockchain Bites: Ledger’s Breach, Celsius’ Contradictions and DeFi’s Next Frontier

Liquidity mining is coming to PoS blockchains, Ledger was breached and why bitcoin's rally has legs.

Gaming Industry Use of Blockchain May Lead to Mass Adoption

Blockchain technology has the potential to create a new era of gaming and drive true adoption in the industry. Blockchain technology has recently become a phenomenon in various areas of the economy, driving innovation, fostering growth and bringing added value.

Ether Price Hits 2020 High: Key Reasons Why ETH Outperforms Others

The price of Ether has hit a new yearly high at $322, as three key factors appear to be catalyzing the rally. The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020.

Proof of Stake Blockchain Expo: Virtual Event Examining PoS

On 28 July, The PoS Blockchain Expo will take place.

Why Interoperability Is the Key to Future Innovation and Adoption

Blockchain interoperability has a big goal: to empower developers to choose what’s right for their application, not what is right for the platform they’re locked into. For years, tribalism has plagued the blockchain industry.

Ethereum 2.0 Final Testnet Set to Launch on August 4

The final public testnet for ETH 2.0 aims to launch just two weeks from now. The long awaited Ethereum 2.0 network upgrade has taken one step closer to launch with a preliminary date announced for the final planned public testnet.  The platform’s launch coordinator, Danny Ryan (@djrtwo) shared the news on the testnet’s discussion board on Discord.  “After discussions with client teams, the next multi-client testnet (mainnet config including min validator numbers) will have a min genesis time of August 4th,” Further details would be made public in a couple of days, the Ethereum developer added. Phase 0 of ETH 2.0 has been running on various testnets since the genesis block was created for Beacon Chain in April.

Alibaba’s Ant Group Plans Dual IPOs at Possible $200B Valuation

The dual-listing could turn Alibaba affiliate Ant Group into one of the largest companies operating in the blockchain space.

About 80% of ETH Supply Is Qualified for Staking, Says ConsenSys

About 86 million ETH is held on non-exchange wallets containing enough Ether for staking on ETH 2.0. As the crypto community is anticipating Ethereum 2.0, a large number of Ether (ETH) holders already have enough ETH for staking on the network. Nearly 80% of total Ether (ETH) supply is being held by non-crypto exchange wallets exceeding the amount required for staking on Ethereum 2.0, according to the latest “Ethereum 2.0 Economic Review” report.

Nearly 6% of Kyber’s Token Supply Staked in One Day

Over $16 million worth of KNC have been staked within 24 hours of Kyber launching the service. $16.7 million worth of decentralized finance (DeFi) liquidity protocol Kyber Network’s KNC token have been locked up in staking within 24 hours of the service’s launch. The milestone was noted by Kyber co-founder Loi Luu, who tweeted to announce that nearly 10.5 million KNC had already been staked. Hype for the launch drove a major rally over the months leading up to the staking commencement, with the price of KNC more than tripling against the dollar since late-April.

3 Big Blockchain Companies Teamed Up on a DeFi Product That Pays Passive Income

Cosmos, Polkadot, and Terra have announced “Anchor.” In a special announcement made at the Unitize conference on July 6,  Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits. The companies involved in the creation of Anchor plan to launch it across their respective blockchains at the end of Q3 this year and scale across to other PoS blockchains in the future. Do Kwon, founder and CEO of Terra, explained in a prepared statement: “While DeFi staples such as Maker and Compound have been revolutionary in creating fully decentralized crypto money markets, the volatility of their interest rates makes them unsuitable to be used as a household savings product.

Vitalik: We Underestimated How Long Proof-of-Stake and Sharding Would Take to Complete

Ethereum co-founder Vitalik Buterin mentioned looking back at Ethereum’s development. The Hashing It Out podcast recently hosted Ethereum co-founder, Vitalik Buterin.

This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat

This Eastern European proof-of-stake upstart believes it has better technology than Cardano, EOS, & Algorand. Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world. This Romanian PoS blockchain raised $3.25 million in an Initial Exchange Offering, or IEO, in July 2019. Elr

60 Hong Kong-Based Vending Machines Support McAfee’s Ghost Token for Payments

On June 28, 2020, the team behind Ghost Coin revealed a partnership with the digital currency payment processor Ivendpay.

Qtum Preps for Mainnet Hard Fork With New Testnet Event

Qtum completed a testnet hard fork prior to launching its mainnet hard fork. Proof-of-Stake, or PoS, blockchain Qtum successfully completed a hard fork of its testnet in preparation for the launch of its mainnet hard fork. According to a statement sent to Cointelegraph, the upgrade went live on the testnet at block 625,000 on June 29.

Hedera Expands Reach With BRD Wallet Addition

BRD has added Hedera's HBAR coin to its digital asset wallet, in addition to the project's Blockset integration.

Transaction Finality in the PoS Network

Transaction security in the blockchain is often interconnected with the problem of the block-finality.

Ethereum Update Indicates 2.0 Still Coming Along

Ethereum's blog shows ETH 2.0 still chugging along with developments. A recent post on Ethereum's blog shows the network's version 2.0 is still coming, noting several developments since its last update. "Aside from written updates [...] and other public summaries, client teams, contributors, and community members/prospective-validators have been busy," said a June 23 post on the Ethereum blog. Ethereum 2.0 still en route A long time coming, Ethereum 2.0, or ETH 2.0, still has not yet gone live with the network's transition into proof-of-stake, or PoS, consensus.  The network's blog posted its 12th ETH 2.0 update recently, stating a team hard at work.

Proof-of-Work vs. Proof-of-Stake for Scaling Blockchains

It’s no secret that cryptocurrency has a scaling issue, so we look at various ways either proof-of-work or proof-of-stake could be effective. Most people in the cryptocurrency world are aware that network validation often comes in one of two forms: proof-of-work or proof-of-stake.

Ethereum 2.0 Likely to Affect DeFi and DApps With PoS Introduction

The first stage of Ethereum 2.0 is almost here, but how will the DApp and DeFi space adapt to this change? While Ethereum has brought about a whole new realm of possibilities due to its native token Ether (ETH) and its smart contract and tokenization capabilities, it is often faced with challenges such as network congestion, relatively low transaction times and throughput, large blockchain size and excessive electricity use for mining — all issues Bitcoin also shares. While Bitcoin (BTC) was created by an anonymous developer that left the network to be developed by its capable community, Ethereum was always envisioned with a roadmap and a team behind it.

Six Crypto Heavyweights Join ETH 2.0 Staking Trial

ConsenSys has announced that six top crypto firms will receive early access to its ETH 2.0 staking platform. Six high-profile crypto firms will participate in an ETH 2.0 staking pilot project using the ConsenSys Codefi platform. On June 17, ConsenSys tweeted that cryptocurrency exchanges Binance and Crypto.com, digital asset custody providers Trustology, Matrixport, and Huobi Wallet, and investment firm DARMA Capital would receive early access to an ETH 2.0 staking pilot thorough its decentralized finance Codefi platform. Increasing excitement for ETH 2.0 The move comes amid increasing excitement for the long-awaited ETH 2.0, which will integrate a Proof-of-Stake (PoS) consensus mechanism into Ethereum (ETH).  The rollout will see a network of validators receive fees in exchange for securing the Ethereum network.