Creator of the Bitcoin ASIC Says Next Wave of Mining Efficiency is Coming

It is no secret that the bitcoin mining industry is being battle-tested in the wake of the fourth halving. Hash price (revenue per terrahash) has reached historic lows as bitcoin’s block subsidy has been slashed. Meanwhile, the post-halving mempool frenzy has waned, adding fuel to the fire on already strained mining operators.

Nangeng Zhang, Founder and CEO of Singapore-based Canaan Inc, the creator of the first bitcoin mining application-specific integrated circuit (ASIC), sat down with Bitcoin Magazine for the firm’s first-ever interview with a North American media outlet to weigh in on the state of the industry. Zhang commented on the origins of bitcoin mining and offered his…

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DOJ charges 2 brothers tied to $25M attack on MEV bots last year

Two brothers accused of orchestrating an attack last year on Ethereum trading bots have been indicted by the US government. 

The Department of Justice unsealed charges against Anton Peraire-Bueno and James Peraire-Bueno on Wednesday.

The pair are charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering after the brothers allegedly tried to “exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds.”

Both were arrested on Tuesday and will face judges in Massachusetts and New York. 

The April 2023 exploit targeted bots that seek profit by…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $4.7 Billion.
  2. Bitcoin: Market Cap of $1.2 Trillion.
  3. Toncoin: Market Cap of $24.1 Billion.

MIDCAP COINS:

  1. GameStop: Market Cap of $79.7 Million.
  2. BeFi Labs: Market Cap of $4.5 Million.
  3. Panda Swap: Market Cap of $7.2 Million.

RISING COINS:

  1. MOG Coin: Market Cap of $248 Million.
  2. Patton: Market Cap of $3.5 Million.
  3. FLOKI: Market Cap of $1.9 Billion.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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The State Is The Terrorist In The Case Against Samourai Wallet

“The State is any entity that can retrospectively pardon a crime. If you forgive a murder, you get an army. If you forgive an assault, you get police. If you forgive a theft, you get taxes. And this notion that there exists the sovereign ability to change the rules for a limited number of people and grant them licenses to do things that would otherwise be criminal gives you a very clear definition of the State. The State is what washes your hands when you do something that is inherently wrong.” @leashless

The recent imprisonment of the developers of Samourai wallet implies a new attack by the United States government on privacy, financial freedom, and especially the use of cash.

They…

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Understanding Generations Through the Lens of Bitcoin Adoption

Generational classifications highlight distinct cultural, economic, and technological shifts. The Baby Boomers, born between 1946 and 1964, grew up during a period of post-war prosperity and witnessed significant societal changes. Generation X, those born from 1965 to 1980, experienced the rise of personal computing and economic restructuring, bridging a pivotal gap between eras.

Millennials, with birth years from 1981 to 1996, are notable for their adaptation to the digital revolution and the proliferation of internet technology. Generation Z, born between 1997 and 2012, was raised in an environment saturated with social media and digital communication, shaping their perspectives and interactions.

Introduced last is Gen ₿, born from 2013 to 2025, poised to be at the forefront of technologies like blockchain. This chronological overview of generations underscores how each experiences unique challenges and innovations, shaping their worldview and defining their place in the historical timeline.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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LATEST: Robinhood Rolls Out Solana Staking to European Markets

Robinhood Crypto is set to delve further into the European market with the launch of the Solana Staking product that comes with a generous bonus for new customers. This will enable customers to stake Solana easily and at the same time be able to unstake at their convenience. This is coming at a time when the call for more flexible, income-generating crypto products is on the rise. Moreover, in the first 30 days, they will offer a 10% bonus to all new users on net buys.

Robinhood Crypto VP Johann Kerbrat said that the addition of language support and more tools to earn passive income were added to the platform for meeting local needs. Such novel initiatives are more proof of the deep-rooted commitment of Robinhood toward its European customers in meeting their preference for more options within the cryptocurrency market.

Further, Robinhood is set to launch local versions of the app in Italy, Poland, and Lithuania, where the app has already been gaining immense popularity. This will make investment in cryptocurrency throughout Europe easier and more rewarding for an all-inclusive digital asset economy.

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