The Ethereum blockchain’s transition away from its proof-of-work (PoW) mechanism is necessary for the network to expand, according to Brian Norton, chief operations officer of MyEtherWallet, an app where investors can store their ether, which is Ethereum’s native toke
The U.S. government's unprecedented move to sanction a smart contract on Ethereum continues to produce perverse consequences.On Monday, the U.S. Treasury Department issued a blanket ban on crypto mixing service Tornado Cash. All American “persons” are barred from inte
While there are literally thousands of cryptocurrencies, when it comes to the big dogs, there are really only two: Bitcoin and Ethereum. Bitcoin is the original crypto, created in 2009, and Ethereum...
Litecoin is a cryptocurrency that launched shortly after bitcoin, which was revealed to the world in 2009. Litecoin is often called the silver to bitcoin's gold.
Cryptocurrency and retirement plans don't necessarily go hand in hand. However, if you've built a well-diversified portfolio that is on track to sustain you through retirement, a small allocation to...
Much like the U.S. stock market, the cryptocurrency market has been absolutely devastated through the first seven months of 2022. Although many cryptos have bounced off recent lows, even the largest...
The U.S. Treasury Department’s sanctioning of mixing service Tornado Cash sounds the alarm that the U.S. is taking mixers seriously, according to retired Drug Enforcement Agency (DEA) agent William Callahan.Callahan, who now works as the director of government and strategic
What’s stopping anyone from redeploying the Tornado Cash contract on a new, non-sanctioned address? Technically nothing. But there are a slew of reasons – legal and technical – why it may not be in an individual’s best interest to challenge the will of the
What’s stopping anyone from redeploying the Tornado Cash contract on a new, non-sanctioned address? Technically nothing. But there are a slew of reasons – legal and technical – why it may not be in an individual’s best interest to challenge the will of the
There’s a long history of things that have only come into prominence after someone tried to hide them from view. In fact, there’s a name for the phenomenon – the Streisand Effect, named for the actress who attempted to remove images of her multimillion-dollar be
Always controversial, Tron founder Justin Sun said he thinks the proof-of-work way of operating is an "essential" component of Ethereum – just as the Ethereum community readies to transition to a different, proof-of-stake, system after a multi-year effort. Many billions of
Ethereum fees are at their lowest level in two years. This has happened ahead of a much-anticipated event known as the Merge, which is widely seen to be driving up the price of its cryptocurrency, ether (ETH).The average cost for a transaction is under 12.5 gwei, a unit of accoun
Legislation intended to provide clarity on which U.S. government agency should be in charge of regulating crypto needs more work, according to Grant Fondo, a former federal prosecutor for the Northern District of California.Fondo, who is now a partner at the law firm of Goodwin
The instant Satoshi Nakamoto’s Bitcoin white paper came out in 2008, it was certain there'd be a clash between cryptocurrency's privacy ethos and conventional banking regulations designed to ensure money moving through the financial system isn't coming from, or going toward
Last week the U.S. Securities and Exchange Commission (SEC) charged 11 individuals with creating and marketing Forsage, the world’s largest and longest-running smart contract-based pyramid scheme.Alas, Lado Okhotnikov, the ring leader of Forsage and rumored to be based in t
Crypto is facing a winter unlike any other, confronted with monetary tightening and a historically strong dollar. Analysts speculate that higher interest rates will diminish investors’ appetite for high yield, high risk assets. Stablecoins, they argue, linked to the newly p
In its quest to make industry-grade crypto mining accessible to retail investors, Compass Mining may have overreached. After a couple of years of growing exponentially, the firm is slowing down and focusing on its core business.On June 28, the CEO and chief financial officer of C