Mining firm Bit Digital grows Ethereum holdings 594% sequentially in July ahead of Merge

New York-based mining firm Bit Digital grew its Ethereum (ETH) holdings by around 594% in July 2022, compared to June, according to its unaudited production update published on August 8. The firm increased its holdings from 313.6 ETH in June to 2,176.9 ETH in July. Consequently, the value of its Ethereum holdings surged from just … Read more

Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more

A research paper published by The Hebrew University in Israel reports having discovered the “first evidence of a consensus-level attack on a major cryptocurrency.” The paper is currently awaiting peer review but utilizes publicly available on-chain data and Ethereum’s open source codebase to affirm its conclusions. At its core, the paper highlights an issue where … Read more

Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”

Speaking in a closed press conference during South Korea Blockchain Week, Ethereum founder, Vitalik Buterin, called people pushing for a hard fork of Ethereum to retain proof-of-stake “simply trying to make a quick buck.” Justin Sun recently announced support for a hard fork of Ethereum post-merge by listing two new tokens on his Poloniex exchange. … Read more

The Ethereum community debates when the ‘Merge’ will happen

Ethereum Protocol Developer Tim Beiko said earlier in the week that the Merge will not happen in June, as previously stated. Persistent delays have plagued Ethereum’s transition to a Proof-of-Stake protocol. Users voice concerns that each setback is an opportunity for rival layer 1s to catch up. However, ConsenSys member and founder of website Week … Read more

Ethereum’s Merge will no longer happen in June, new date unknown

Ethereum’s highly anticipated transition to a Proof of Stake (PoS) consensus that is anticipated to be live in June is set to be shifted to an unknown date, this was revealed by Tim Beiko, one of the lead developers on the project. Ethereum’s transition to PoS postponed from June According to a tweet from Beiko, … Read more

EU votes against a de-facto ban on Bitcoin’s POW consensus method in MiCA draft

The ECON committee of the European Union voted against a de-facto ban on cryptocurrencies that rely on the proof of work consensus protocol, like Bitcoin, that was included in the latest draft of the MiCA, or Markets in Crypto-assets Regulation, report. Erster Etappensieg bei #MiCA im Ausschuss! Mit der Annahme meines Vorschlags haben die Mitglieder … Read more

Ethereum’s client diversity: with 66% running Prysm, is The Merge safe to pursue?

Around the middle of this year, Ethereum, the second-largest blockchain in terms of monetary value, and with hundreds of billions of dollars worth of assets depending on its operation, will transition from the Proof-of-Work consensus algorithm securing the system today, to the Proof-of-Stake system of tomorrow – a procedure described by many as changing the … Read more

How one Ethereum miner earned over $500k in block rewards

One Ethereum miner could be the luckiest in the space, as he single-handedly mined an entire ETH block and earned himself a cool reward of 168 ETH worth roughly $500,000. Solo miners get lucky with Ethereum and Bitcoin Rewards The said miner was operating through the 2miners: Ether SOLO pool on January 17th. Per available … Read more

How one Tesla owner mined crypto with his car

One Tesla owner might have found more use for his electric car prized asset beyond the road, judging by his recent revelations. A Tesla was used to mine $800 Ethereum A CNBC report has revealed that an owner of a 2018 Tesla Model 3, Siraj Raval, successfully mined around $800 worth of Ethereum around when … Read more

Vitalik Buterin doesn’t regret starting Ethereum as a PoW consensus

During a recent interview, Ethereum co-founder Vitalik Buterin shared his views on how he would have gone about launching Bitcoin. Surprisingly, Buterin said even though Proof-of-Stake (PoS) has its advantages, especially regarding environmental impact, he thinks Satoshi Nakamoto’s decision to go with Proof-of-Work (PoW) was the right thing to do at the time. But given … Read more