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Bitcoin mining energy consumption estimated to rise 10x if price hits $2M – Arcane Research

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Posted on August 23, 2022

Bitcoin (BTC) mining’s energy consumption will rise 10x and hit 894 Terawatt-hours (TWh) annually if the flagship crypto’s price reaches $2 million by 2040, according to an Arcane Research report published Aug. 22. The report calculated BTC’s future energy consumption based on bullish, bearish and neutral future scenarios. BTC Estimated Energy Consumption 2022-2040 If the

Most PoW miners intend to mine Ergo, not Ravencoin or Ethereum Classic post-Merge

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Posted on August 23, 2022

A Twitter poll by node operator @cryptovium revealed that most Ethereum miners intend to mine Ergo after the Merge. “With the imminent #PoS $ETH merge, I’m curious what all the #miners out there are planning on moving their rigs to.“ The Ethereum Merge is imminent Recent estimates give September 19 as the date the Merge

Vitalik Buterin Says Ripple and XRP Lost Their Right to Regulatory Protection Years Ago – Here’s What He Means

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Posted on August 22, 2022

Ethereum (ETH) creator Vitalik Buterin says that Ripple and XRP lost their right to be protected by the crypto community from government overreach several years ago. Buterin tells his 4.2 million followers that he’s happy to see Ethereum supporters voice their support against unfair crypto regulation that hurts legitimate projects. “Glad to see Ethereum people

XRP Network Abruptly Comes to Life As Number of Whale Transactions Surges to Three-Month High: Analytics Firm

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Posted on August 21, 2022

Blockchain analytics firm Santiment says XRP whales printed a three-month high in network activity as the token continues to weather low prices. According to the firm, transactions exceeding $100,000 on the XRP ledger suddenly skyrocketed to levels not seen since May. “XRP is seeing notable whale activity, as well as high optimism, in Friday’s closing

BlockFi shows top growth among U.S. companies, the U.K. posts over 10% inflation and BitGo plans to bring a lawsuit against Galaxy Digital.

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Posted on August 20, 2022

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Fed to issue long-awaited guidelines for granting master accounts

Ethereum is under attack as U.S. sanctions apply at a protocol level

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Posted on August 20, 2022

The hope of a decentralized, open, free internet is in jeopardy right now. This is not hyperbole, FUD, or clickbait. Ethermine, the largest Ethereum mining pool, no longer produces blocks containing Tornado Cash transactions. This is likely due to OFAC sanctions and is an example of censorship at the protocol level. Crypto analyst, Takens Theorem,

Ripple Launching XRP-Fueled Payments Service in Brazil in Partnership With Latin American Bank

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Posted on August 19, 2022

Payments platform Ripple Labs is teaming up with Travelex Bank in Brazil to bring XRP-based remittances to the seventh most populous nation in the world. According to a new press release, the San Francisco-based firm says that the partnership makes Travelex the first bank in Latin America to utilize RippleNet’s On-Demand Liquidity (ODL) protocol. ODL

Crypto recruiting is a minefield – Cointelegraph Magazine

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Posted on August 19, 2022

Hiring in the crypto world can be difficult. Web3 companies are often disorganized and lack HR departments. Developers sometimes want to remain anonymous — even to their potential employers. Some employees don’t exist at all, while others are secretly juggling three other remote gigs. Then there are those who pretend to be employees but are

SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

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Posted on August 19, 2022

The U.S. Securities and Exchange Commission (SEC) is doubling down on its bid to block Ripple Labs from obtaining critical evidence in the lawsuit filed against the payments firm alleging they sold XRP as an unregistered security. In a recent court filing, the SEC says that it is offering more support to its earlier objection

Bitcoin advocate claims Vitalik Buterin does not understand PoW

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Posted on August 18, 2022

Swan Bitcoin founder Brandon Quittem said that Ethereum (ETH) co-founder Vitalik Buterin does not “deeply” understand the Proof-of-Work (PoW) consensus mechanism. 1/ I said “Vitalik never understood PoW deeply” I don’t know if I’m right or wrong, but here are some examples of @VitalikButerin misunderstanding PoW 🧵👇 https://t.co/Uo1oZolpVU — Brandon Quittem (@Bquittem) August 15, 2022

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