Obol Network to fund ‘sustainable’ Ethereum development

As the price of ether increases, the cost of running a full solo staking node — with 32 ETH now worth $115,000 — moves further out of reach for all but the most hard core hobbyists.

One of the social goals that Oisin Kyne and Collin Myers, founders of Obol Network, care about most is enabling people that don’t have that kind of capital to participate in Ethereum consensus.

The pair looks forward to the day when the number of entities and locations validating the network will rise tenfold from its current crop of single-digit thousands of operators. 

That includes a fellow in a Kenyan village who, according to Kyne, participates in a distributed validator cluster via EtherFi,…

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LATEST: Bitcoin Now Hits Fresh Highs Against Currencies in Japan, Argentina, Philippines

Bitcoin continues to march toward new all-time highs in Japan, Argentina, and the Philippines, cementing the place that the cryptocurrency has managed on the global scene. As reported during the day of May 21, the cryptocurrency had gained over 7% in the last 24 hours, driving it to a six-week high of $71,650. In Japan, Bitcoin went past 11 million yen for the first time. In this country, as in the Philippines, this increase is given by the devaluation of local currency in relation to the dollar.

In Argentina, where inflation has reached 290%, Bitcoin achieved a peak at 63.8 million Argentine pesos. This spike in the cryptocurrency is proving to be a means for hedging against economic instability. Also in the Philippines, Bitcoin continued to grow to new levels—a new high of 4.18 million pesos—strengthening the new relevance that the coin acquires in different economic environments.

These represent new milestones in the indication that Bitcoin is heading toward a new peak in US dollars, which has been pegged at $73,738. That, with huge global traders cutting short, is now setting the stage for maybe some new peaks, cementing the place of Bitcoin as a real force in the financial world.

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Craig Wright | Repeated Lying

In a landmark ruling, the UK High Court has categorically rejected Craig Wright’s claims of being the mysterious creator of Bitcoin, Satoshi Nakamoto.

The judgment, delivered by Judge Edward James Mellor, dismantled Wright’s assertions and accused him of extensive forgery and deceit.

Craig Wright, an Australian computer scientist and entrepreneur, has long claimed to be Satoshi Nakamoto, the pseudonymous author of the Bitcoin white paper and the inventor of the first and largest digital asset.

His claims have been met with skepticism and controversy within the Bitcoin community. The Crypto Open Patent Alliance (COPA), a group formed to protect the open development of…

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Should I Buy Bitcoin Now?

The first question many Bitcoin newcomers ask when first approaching the ecosystem is “Should I buy bitcoin now?”

When to buy Bitcoin is akin to asking when to plant a tree. The optimal time to do so was many years ago, and the second-best time is now. Let’s break down why now is as good a time as any to buy bitcoin.

Bitcoin, the must trusted blockchain, has consistently proven itself as a long term store of value and a hedge against the inherent flaws of fiat money systems.

Bitcoin operates on a peer-to-peer network, immune to central bank policies and government interference. Its supply is capped at 21 million coins, making it inherently deflationary – it stands…

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