Influx of crypto miners to Kazakhstan reportedly put pressure on energy supply
Kazakhstan’s energy infrastructure, which now contributes the second-largest share of Bitcoin hashrate, may be unprepared to manage the influx of numerous cryptocurrency miners from China and other countries wanting to take advantage of low-cost electricity. Government authorities in Kazakhstan estimate that unregistered crypto miners in the nation are consuming twice as much electricity as those […]
One of crypto’s biggest trading firms is betting DeFi will have the same size as the centralized crypto market
Inflows into digital assets from firms are at an all-time high, but it’s still extremely difficult to persuade holdouts to get off the bench. At the Decrypt and Yahoo Finance Crypto Goes Mainstream event in Brooklyn yesterday, Giorgi Khazaradze, the CEO and founder of crypto trading terminal Aurox, and Glenn Barber, the head of sales […]
Adopters of the Ethereum Name Service ‘ENS’ receive massive airdrop rewards
The Ethereum Name Service protocol is rewarding certain early adopters with an airdrop for its new ENS DAO token, as we’ve seen with other protocols in the past. Nonfungible tokens (NFTs) are nonfungible tokens that can be used as Ethereum addresses as well as web domains, according to the Ethereum Name S ervice protocol. Massive […]
DAO-based governance, according to ENS’ director of operations, ‘has always been the plan’
Ethereum Name Service, or ENS, unveiled its own governance token on Monday in an attempt to give voting rights for its new decentralized autonomous organization, or DAO, to active users of the ecosystem. Brantly Millegan, ENS’ director of operations, spoke about the nonprofit’s plan to switch to a DAO model and his thoughts on the […]
Coinbase’s crypto trading volume fell by 29% in the third quarter
The largest US-based crypto exchange Coinbase has seen its trading volume drop by 29% from $462 billion in Q2 to $327 billion in Q3. The company stressed market volatility as a significant factor impacting transaction revenue in its most recent report. The numbers were disappointing, but according to the platform, it was still a win. […]