Norwegian town wants to get rid of “noisy” bitcoin miners
A Norwegian town is using whatever means to prevent “energy-sucking” Bitcoin miners from expanding, citing noise and energy concerns. Noise is the latest form of energy FUD surrounding Bitcoin (BTC). Locals in the Norwegian municipality of Sortland are fighting back against the spread of Bitcoin miners. The loudness of proof-of-work (PoW) mining is their most […]
Magic Eden argues in favor of MetaShield launch
Magic Eden defended its new tool by stating that the purpose of MetaShield was to safeguard authors rather than punish users. When an NFT is listed or exchanged, MetaShield gives creators the option to report it or blur the image to avoid violating creative royalties. Following the introduction of MetaShield, a new enforcement mechanism designed […]
Ethereum co-founder Vitalik Buterin calls Merge “Dream for years”
Co-founder Vitalik Buterin expressed his excitement and the PoS ambition for the community just prior to the significant Ethereum Merge. Co-founder Vitalik Buterin joined the “Ethereum Mainnet Merge Viewing Party” livestream, organized by the Ethereum Foundation, as the huge Ethereum (ETH) Merge neared its conclusion and offered his closing remarks. Buterin said he is “very […]
Momentous day for crypto as Ethereum merge officially takes place
The Ethereum network has officially switched over to proof-of-stake as a result of the Ethereum Merge (PoS). When compared to the proof-of-work system, the Ethereum merge proof-of-stake consensus mechanism will drastically reduce energy consumption by 99.95%. The Beacon Chain’s consensus layer and the Ethereum Mainnet execution layer were merged on September 15 at 06:42:42 UTC […]
Regulator in Abu Dhabi outlines its “guiding principles” for crypto
The FSRA, the financial regulator of Abu Dhabi Global Market free economic zone (ADGM) promises to abide by global safety standards. The Financial Services Regulatory Authority (FSRA), which oversees the financial sector in the free economic zone of Abu Dhabi Global Market (ADGM), released its “Guiding Principles” on how it approaches the regulation and supervision […]