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1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

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December 19, 2024

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\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT

\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

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November 24, 2024

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December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

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December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

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November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

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November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

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November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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October 15, 2022

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December 19, 2024

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Follow The Distributed

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\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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December 19, 2024

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Follow The Distributed

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\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

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December 19, 2024

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\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

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October 15, 2022

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November 24, 2024

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December 19, 2024

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Follow The Distributed

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\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

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November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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November 24, 2024

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November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

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November 24, 2024

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

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November 24, 2024

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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December 19, 2024

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\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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November 24, 2024

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November 24, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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December 19, 2024

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\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

Most Read

Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Type your email here

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The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

Previous 1 … 4 5 6 7 Next

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Type your email here

Follow The Distributed

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\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
What Is Prysmatic Labs?<\/h2>\n\n\n\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
What Is Prysmatic Labs?<\/h2>\n\n\n\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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Blockchain

Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge

October 15, 2022

Artificial Intelligence

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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\n
Crunchbase reports <\/a>that since its creation in 2018, Offchain Labs has generated over $120 million from investors. The addition of 11 additional Prysmatic Labs colleagues pushes its total staff beyond 60. Prysmatic Labs and Offchain Labs did not release the financial details of their agreement to the public.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
What Is Prysmatic Labs?<\/h2>\n\n\n\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
According to Raul Jordan, a co-founder of Prysmatic Labs, the merger was a perfect fit since both teams use the programming language Go to create their software and are committed to delivering products that will make Ethereum successful.<\/li><\/ul>\n\n\n\n
Crunchbase reports <\/a>that since its creation in 2018, Offchain Labs has generated over $120 million from investors. The addition of 11 additional Prysmatic Labs colleagues pushes its total staff beyond 60. Prysmatic Labs and Offchain Labs did not release the financial details of their agreement to the public.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
What Is Prysmatic Labs?<\/h2>\n\n\n\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
After the completion of the acquisition, the developers will keep working on the \"neutral and open-source\" client and other Ethereum (ETH) ecosystem projects.<\/li><\/ul>\n\n\n\n
According to Raul Jordan, a co-founder of Prysmatic Labs, the merger was a perfect fit since both teams use the programming language Go to create their software and are committed to delivering products that will make Ethereum successful.<\/li><\/ul>\n\n\n\n
Crunchbase reports <\/a>that since its creation in 2018, Offchain Labs has generated over $120 million from investors. The addition of 11 additional Prysmatic Labs colleagues pushes its total staff beyond 60. Prysmatic Labs and Offchain Labs did not release the financial details of their agreement to the public.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
What Is Prysmatic Labs?<\/h2>\n\n\n\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
The purchase is a significant accomplishment for Offchain Labs as it seeks to broaden the reach of Arbitrum, its optimistic rollup network that enables users to transact on Ethereum with reduced rates and faster transaction times. The purchase of one of Ethereum's top Layer 1<\/a> teams by Offchain indicates the growing importance of Layer 2<\/a> scaling platforms in the Ethereum ecosystem.<\/li><\/ul>\n\n\n\n
After the completion of the acquisition, the developers will keep working on the \"neutral and open-source\" client and other Ethereum (ETH) ecosystem projects.<\/li><\/ul>\n\n\n\n
According to Raul Jordan, a co-founder of Prysmatic Labs, the merger was a perfect fit since both teams use the programming language Go to create their software and are committed to delivering products that will make Ethereum successful.<\/li><\/ul>\n\n\n\n
Crunchbase reports <\/a>that since its creation in 2018, Offchain Labs has generated over $120 million from investors. The addition of 11 additional Prysmatic Labs colleagues pushes its total staff beyond 60. Prysmatic Labs and Offchain Labs did not release the financial details of their agreement to the public.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
What Is Prysmatic Labs?<\/h2>\n\n\n\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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\n
The parent company of Arbitrum, Offchain Labs, announced<\/a> the acquisition of Prysmatic Labs in a blog post.<\/p>\n\n\n\n
The purchase is a significant accomplishment for Offchain Labs as it seeks to broaden the reach of Arbitrum, its optimistic rollup network that enables users to transact on Ethereum with reduced rates and faster transaction times. The purchase of one of Ethereum's top Layer 1<\/a> teams by Offchain indicates the growing importance of Layer 2<\/a> scaling platforms in the Ethereum ecosystem.<\/li><\/ul>\n\n\n\n
After the completion of the acquisition, the developers will keep working on the \"neutral and open-source\" client and other Ethereum (ETH) ecosystem projects.<\/li><\/ul>\n\n\n\n
According to Raul Jordan, a co-founder of Prysmatic Labs, the merger was a perfect fit since both teams use the programming language Go to create their software and are committed to delivering products that will make Ethereum successful.<\/li><\/ul>\n\n\n\n
Crunchbase reports <\/a>that since its creation in 2018, Offchain Labs has generated over $120 million from investors. The addition of 11 additional Prysmatic Labs colleagues pushes its total staff beyond 60. Prysmatic Labs and Offchain Labs did not release the financial details of their agreement to the public.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
What Is Prysmatic Labs?<\/h2>\n\n\n\n
Prysmatic <\/a>Labs created the proof-of-stake<\/a> consensus mechanism that has powered and authenticated Ethereum. It is implemented by node<\/a> validators all across the globe using Prysm, a consensus client program.<\/li><\/ul>\n\n\n\n
The Prysmatic Labs team is made up of elite developers that are well-versed in blockchain technology and strongly support Ethereum's key principles.<\/li><\/ul>\n\n\n\n
The core staff of Offchain Labs will now include Prysmatic Labs' programmers. While developing Arbitrium, they will continue to support Prysm<\/a> and act as a neutral consensus client on Ethereum. The group will also contribute significantly to developing Ethereum's EIP-4844<\/a> data-sharding initiative.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin, Ethereum, Ripple Are About To Experience A Bumpy Ride Ahead, Crypto Analyst Tony Montpeirous<\/a><\/p>\n","post_title":"Offchain Labs Buys Prysmatic Labs, A Company That Assisted The Merge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"offchain-labs-buys-ethereum-consensus-client-prysmatic-labs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/#layer2","post_modified":"2022-10-15 16:25:41","post_modified_gmt":"2022-10-15 05:25:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7642","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7596,"post_author":"10","post_date":"2022-10-12 19:16:15","post_date_gmt":"2022-10-12 08:16:15","post_content":"\n
The Middle East Blockchain Awards (MEBA) premier edition will take place in Palm Garden in five-star W Abu Dhabi - Yas Island on November 18, 2022.<\/p>\n\n\n\n
Due to the UAE leadership's unwavering commitment to blockchain and digital transformation growth and innovation, Abu Dhabi was chosen as the awards' first host city.<\/li><\/ul>\n\n\n\n
Hoko Agency Middle East<\/a> will host the Awards in association with Abu Dhabi Global Market\u2019s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).<\/li><\/ul>\n\n\n\n
High-profile people from around the GCC will attend the black-tie event, which promises an amazing evening of acknowledgment, insight, and entertainment.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Nexus Dubai Projects: a Whole New Defi World Unveils<\/a><\/p>\n\n\n\n
Middle East Blockchain Awards: The Judges and Awards<\/h2>\n\n\n\n
Judges include Dr. Marwan Al Zarouni, CEO of Dubai Blockchain Centre (DBCC) Jehanzeb Awan, Board Member of MEAACBA, Founding Partner and CEO of J. Awan and Partners, Miriam Kiwan, Former Head of Digital Assets at ADGM, Board Member at BlackOack Global, Misha Hanin, Co-founder, and CEO of BEDU, Saqr Ereiqat, Co-Founder and CCO of Crypto Oasis, Matthew Amlot, Managing Editor of Arabian Busines<\/div><\/li><\/ul>\n\n\n\n
The awards, judged by a distinguished team of professionals, will honor industry leaders. Best Mobile Crypto Wallet 2022, Best NFT & Gamefi Project 2022, Best NFT Marketplace 2022, Most Influential Global Crypto News Service 2022, Most Influential Woman in Blockchain & Crypto 2022, Most Innovative Defi Platform 2022, Most Powerful CEX 2022, Most Promising DEX to Watch 2022, and Most Promising ESG Crypto Pro are among the categories for awards<\/a>. Other categories include Most Influential CEO in Blockchain & Crypto and Most Influential CMO<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Granted Minimal Viable Product In Dubai<\/a><\/p>\n","post_title":"Abu Dhabi to hold the First Middle East Blockchain Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"abu-dhabi-to-hold-the-first-middle-east-blockchain-awards","to_ping":"","pinged":"","post_modified":"2022-10-12 19:18:50","post_modified_gmt":"2022-10-12 08:18:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7596","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7171,"post_author":"7","post_date":"2022-09-17 12:37:17","post_date_gmt":"2022-09-17 02:37:17","post_content":"\n
Ethereum\u2019s merge from Proof-of-Work (PoW) based GPU mining to Proof-of-Stake based consensus mechanism rendered GPU mining inactive within 24 hours.<\/p>\n\n\n\n
The previously second largest PoW blockchain, Ethereum, has finally merged with its Proof-of-Stake<\/a> chain. Many GPU miners who engaged in Ethereum PoW mining were forced to move to other PoW networks like Ethereum Classic and Raven Coin.<\/li><\/ul>\n\n\n\n
With current market conditions, increase in block difficulty, and energy costs, many GPU miners struggled to make a profit before the Ethereum merge. However, after the merge, the COO of Luxor, Ethan Vera, tweeted<\/a> that there are lesser profits earned by GPU miners on other PoW networks. He estimated that about 20% of ETH miners have moved to a new network while others shut down post-Ethereum merge.<\/li><\/ul>\n\n\n\n
$\"\"$
Source: Hashrate Index by Luxor<\/a><\/figcaption><\/figure>\n\n\n\n
The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7117,"post_author":"7","post_date":"2022-09-14 17:43:51","post_date_gmt":"2022-09-14 07:43:51","post_content":"\n
With no central authority behind Bitcoin, the more than<\/a> 500 crypto exchanges worldwide use their own order books to base its price, although this brings up a key problem which tends to vary the price of BTC from one exchange to another.<\/p>\n\n\n\n
Haohan Xu, the CEO of Apifiny, described<\/a> in an interview how Bitcoins market fragmentation as \u201cdisconnected and scattered crypto markets\u201d as exchanges are split into regions worldwide. Therefore, the price of Bitcoin depends on the region\u2019s demand and supply. As a result, it creates isolated liquidity pools<\/a> for Bitcoin.<\/li><\/ul>\n\n\n\n
Xu added that these crypto exchanges make it difficult for investors and traders to get the best price for Bitcoin and other major cryptocurrencies at a particular time.<\/li><\/ul>\n\n\n\n
Bitcoin is also facing liquidity challenges, especially in a bear market where the price of Bitcoin is difficult to predict. Hence, several cryptocurrency exchanges engaged in borrowing and lending crypto assets are suspending withdrawals and ultimately filing for bankruptcy.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Celcius Files For Bankruptcy Revealing A Billion Dollar Deficit<\/a><\/p>\n\n\n\n
Haohan Xu calls for regulations to fix the market fragmentation of cryptocurrencies - namely Bitcoin. He also believes a smart order routing tool<\/a> can provide the best price execution with enough liquidity from top cryptocurrency exchanges.<\/li><\/ul>\n\n\n\n
$\"\"$ <\/a>
Source: Blockworks <\/figcaption><\/figure>\n","post_title":"Bitcoin Market Fragmentation: How It Affects Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-market-fragmentation-how-it-affects-bitcoin","to_ping":"","pinged":"https:\/\/blockworks.co\/what-global-bitcoin-market-fragmentation-means-for-its-future\/\nhttps:\/\/www.thedistributed.co\/liquidity-pool\/","post_modified":"2023-04-11 00:03:12","post_modified_gmt":"2023-04-10 14:03:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7117","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7009,"post_author":"6","post_date":"2022-09-09 10:46:50","post_date_gmt":"2022-09-09 00:46:50","post_content":"\n
Coinbase, a popular American crypto exchange, announced this Thursday that it's funding a lawsuit against the Treasury Department regarding some frozen funds of law-abiding U.S. citizens, for using the privacy protection crypto service, Tornado Cash<\/a>.<\/p>\n\n\n\n
Two Coinbase employees and 4 others blacklisted by the US Treasury for using Tornado Cash, filed a lawsuit against the US Treasury Department this Thursday.<\/li><\/ul>\n\n\n\n
Tornado Cash is an open-source crypto mixer<\/a> designed to provide privacy protection for Ethereum's users and even though, the transactions are completely anonymous, they're still trackable - although harder to track.<\/li><\/ul>\n\n\n\n
The Treasury Department stated<\/a> that this cryptocurrency tool has opened the door to a North Korean-backed hacking group to laundry more than 455 million. Moreover, The US Treasury alleged that cybercriminals have laundered more than 7 billion dollars in total.<\/li><\/ul>\n\n\n\n
$\"Elliptic\u2019s$
Elliptic\u2019s analysis shows laundered money through Tornado Cash<\/figcaption><\/figure>\n\n\n\n
Not every Tornado Cash user has unlawful intentions. One plaintiff argued that he used the service to anonymize donations to Ukraine fearing that Russian hackers would fight back. Vitalik Buterin has also claimed<\/a> to use Tornado Cash for the same purpose.<\/li><\/ul>\n\n\n\n
Although Coinbase is currently funding a lawsuit against the government department to support Tornado Cash users, Brian Armstrong, the exchange's CEO is optimistic.<\/li><\/ul>\n\n\n\n
Coinbase CEO, Brian Armstrong, announced his support for the lawsuit in a tweet<\/a>, also sharing his optimistic views on this matter. The American entrepreneur has acknowledged the good work that the government has been doing in the past and he's open to implementing any new solution.<\/li><\/ul>\n\n\n\n
\"Hopefully, reason and justice will prevail, and we will find workable solutions to bring bad actors to justice together without broad overreach\". -Brian Armstrong stated.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> #FreeAlex Rally In Amsterdam Over Arrested Tornado Cash Developer<\/a><\/p>\n\n\n\n
1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>\u2014 Brian Armstrong - barmstrong.eth (@brian_armstrong) September 8, 2022<\/a><\/blockquote>

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