Dogecoin Foundation Says It’s Working With Ethereum’s Vitalik Buterin on a Staking Concept

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According to the Dogecoin Foundation, the organization is working with Vitalik Buterin on constructing proof-of-stake (PoS) capabilities for the Dogecoin network. The “uniquely Doge proposal” is aimed at bolstering a “community staking” version of the protocol. Dogecoin Foundation Discusses the Project’s…

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

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The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages….

Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’

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Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined…

30 Day NFT Sales Continue to Run Hot With Punks and Apes, Metaverse Trade Volume Skyrockets

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The number of recorded non-fungible token (NFT) sales during the last 30 days consisted of roughly 362,374 sales. During the past 30 days, the leading NFT marketplace Opensea processed $2.39 billion, up 22.88% since last month. Decentraland volume jumped 192% since…

Microstrategy CEO Foresees Bitcoin’s Price Reaching $6 Million

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The CEO of Microstrategy expects the price of bitcoin to reach $6 million, noting that it is “unstoppable” and will replace gold. The executive personally owns 17,732 bitcoins while his company is hodling 122,478 bitcoins. Microstrategy’s CEO Expects Bitcoin to Hit…

Bitcoin’s Hashpower Remains High, Up 163% in 5 Months, Foundry USA Commands Top Mining Pool

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The hashpower behind the Bitcoin network has continued to stay above the 180 exahash per second (EH/s) zone after recently reaching a lifetime high. Five months ago the hashrate tapped a low at 69 EH/s and since then, the hashpower has…

Dubai to Create Crypto Zone, Binance Joins Effort

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The Dubai World Trade Centre will become a comprehensive ecosystem for cryptocurrencies and providers of related services. The move is part of efforts to support new industries and the emirate intends to source help from crypto companies like Binance. Dubai World…

Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

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Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m…

Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Over One Million

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The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a…