An Ethereum (ETH) code contributor has suggested that Ethereum developers ‘embrace’ specialized mining hardware (ASICs) in a reply on Ethereum developer forum Ethereum Magicians, Jan. 7. As Cointelegraph reported last week, Ethereum core developers have tentatively decided to implement a new proof-of-work (PoW) algorithm, dubbed ProgPoW, which would decrease the efficiency divide between ASICs and
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Analyst Mark Dow, the trader who closed his short position after bitcoin fell 80 percent last year, doubts whether Bitcoin will ever attain a broader adoption. Bitcoin-Short Trader Bearish on Future of Crypto Adoption Mark Dow, a former International Monetary Fund (IMF) economist, said in a tweet that the world’s leading digital currency “lacks a credible
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Litecoin (LTC) founder Charlie Lee has fired community debate with a tweet alleging that “some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists.” Lee’s Jan. 6 post argued that: “Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They think all other coins are scams and will go to zero. Maximalists think Bitcoin is and will remain
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Chinese Bitcoin mining hardware manufacturer Canaan Creative is considering a new initial public offering (IPO) in New York, Bloomberg reported on Jan. 8, quoting anonymous sources. Canaan, China’s second-largest hardware player, could begin selling its shares in a private placement in the first half of this year, according to the people familiar with the matter
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The Ethereum Foundation has just awarded a $5 million grant to Parity Technologies to support the firm’s work building the blockchain network’s next iteration, ethereum 2.0. The organization announced Monday that the funding is a “scalability, usability and security” grant, in particular aimed to boost work on Casper, a proof-of-stake protocol upgrade, and the scaling solution
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Bitcoin’s (BTC) minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140. The world’s largest cryptocurrency by market value jumped to $4,090 at 17:15 UTC on Sunday – the highest level since Dec. 24 – validating the short-term bullish reversal confirmed on Dec. 20. Even so, the positive momentum
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Blockchain technology has already found its way into local government services in the United States, but Nevada particularly is proactive, the AP reported on Jan. 7. Citing specifically the use of blockchain to issue digital marriage certificates, the publication found that two counties in the Silver State had already integrated the technology or were running
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Past performance is no guarantee of future results, but when history repeats it can be difficult to ignore the potential implications. Such is the case with price chart of ether, the ethereum network’s native cryptocurrency. Since Sept. 2018, the price chart of the world’s second largest cryptocurrency has mimicked the market structure of bitcoin’s bear
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Nasdaq-powered DX Exchange announced the platform’s launch and available trading pairs in a series of tweets Jan. 6. The digital trading platform uses Nasdaq’s Financial Information Exchange (FIX) protocol. As Cointelegraph previously reported, users of the exchange will be able to trade tokenize stocks in various major global companies. Another tweet on Jan. 6 announced
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