Bitcoin needs to move away from the proof-of-work consensus mechanism to remain the world’s dominant cryptocurrency, Ripple’s Chris Larsen said. Bitcoin code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued. In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, noting growing concerns over Bitcoin’s carbon footprint. […]

A weakening Bitcoin presence could give altcoins the moonshot they have waited for for three years. Bitcoin (BTC) revisited recent lows near $52,000 on Thursday as sustained weakness continued for the largest cryptocurrency. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders await altcoin “magic” Cointelegraph Markets Pro and TradingView revealed a lackluster day for BTC traders […]

Shortly after the exchange launched stock token trading, German and British financial regulators are reportedly looking into whether the offering complies with securities laws. Cryptocurrency exchange Binance’s latest product — digital stock tokens representing fractions of equity shares like Tesla and Coinbase — is reportedly being studied by European and British regulators over its possible […]

Coinbase has started hiring in India despite rumors of an impending ban on crypto in the country. Coinbase, a major cryptocurrency exchange that went public on Nasdaq earlier this month, continues to actively expand in India with a new hire. The cryptocurrency exchange has hired Pankaj Gupta, a former Google Pay engineering lead in India […]

Macau’s casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan. Beijing’s bid to better control money laundering and illicit transactions through a fully traceable central bank digital currency could pose a threat to the […]

U.K. commercial bank NatWest says it does not want to do business with clients and customers who deal in crypto. Corporate clients of NatWest may soon lose their banking relationship with the United Kingdom-based lender amid recent negative cryptocurrency-related policy statements. According to a report by The Guardian, Morten Friis, the head of the bank’s […]

Traders say the Safemoon rally is not sustainable as the token sees massive volatility. SafeMoon, the token on Binance Smart Chain widely recognized as the Tiktok meme coin, is seeing massive volatility after its massive gains in the past week. According to the data from Dex.Guru, which tracks alternative cryptocurrencies on various blockchains, the price […]

Thodex has gone silent since announcing a halt in trading and withdrawals. Major Turkish cryptocurrency exchange Thodex has abruptly halted trading and withdrawals amid reports of police raids, Cointelegraph Turkey reported on Thursday. Thodex posted an official announcement on Twitter on Thursday, informing users that it has halted transactions for a period of four to five […]

New digital dispute rules could keep smart contract disagreements out of the courts with the help of an independent arbitration tribunal. A British government-sanctioned task force has proposed a dispute resolution framework that would keep cryptocurrency and smart contract disagreements out of the courts. A 14-page report published by LawTechUK’s UK Jurisdiction Taskforce puts forward […]

Coinbase averted the delisting of its shares from the German stock exchange after submitting legal documents which had originally been neglected in error. The scheduled delisting of Coinbase shares from the German Deutsche Boerse stock exchange appears to have been averted. The platform announced on Wednesday, April 21, that Coinbase would be removed from the […]