Until recently, blockchains were thought of as an “unhackable” technology powering and securing cryptocurrency transactions. New data reveals that popular opinion no longer seems to be correct. According to a report prepared by MIT Technology Review, hackers have been able to steal approximately $2 billion worth of cryptocurrency since 2017...
A new report by Galaxy Digital has revealed that Bitcoin mining consumes approximately half of the energy consumed by the entire global traditional banking system every year. The research estimated that the global Bitcoin network consumes 113.89 terawatts per hour (TWh) of energy, compared to conventional banking’s 263....
Vitalik Buterin, the 27-year-old who spearheaded the launch of the Ethereum blockchain 2015, has now become the world’s youngest crypto billionaire. As Ether (ETH) surged past $3,000 last Monday, virtual fireworks were going off for Vitalik, whose 333,520 ETH bought him a membership for the three commas...
China has started to test its national digital currency called eCNY in some of its major cities like Shenzhen, Shanghai, and Beijing. The currency was rolled out in four major cities in the country last year. China is one of the most developed countries in terms of digital currency adoption...
Bitcoin crossed the level of $50,000 for the first time in its history on Tuesday as it increased 5% in value within a single day. Its total market capitalization is at $958.44 billion at the time of the reporting, potentially soon to reach $1 Trillion. Zoom Out: Bitcoin...
