Author: Donald Munn
For some time now, the South Korean phone company, Samsung, had already revealed initiatives in the blockchain world, but it is now news that it is also starting to produce 3-nanometer (3nm) chips for crypto mining. Samsung jumps into cryptocurrency mining The new microchip signed by Samsung for crypto mining Samsung is currently reportedly in a testing phase, and the first customers to purchase these chips have already been revealed. These are PanSemi, a Chinese company that produces ASICs, and also the Qualcomm company. Qualcomm, Samsung’s largest customer, had also booked the trial, and the two parties have agreed that…
The gist is that MiCA or MiCAR (Market in Crypto Asset Regulation), was approved, on schedule before the end of the month. The proposal, after a series of steps and discussions, in which from time to time new aspects had surfaced (such as the one that aimed to introduce limitations for those blockchain projects based on Proof-of-Work, on the assumption of its unsustainability in terms of energy, then somewhat neutralized), was waiting for the so-called trilogue phase to be initiated. The trilogue is a three-way discussion phase between the Parliament, the Council and the European Commission. This phase ended in…
Decree Law No. 73 of 21 June 2022, published in the Italian “Gazzetta Ufficiale” on 21 June, has been called the Simplification Decree on taxation. However, among the various regulations, there is one that does not seem at all to aim at simplifying the life of taxpayers, but rather, that of the IRS. Indeed, it will now be increasingly difficult for ordinary citizens to freely dispose of their money without someone being able to snoop far and wide in their accounts and possibly even in their cryptocurrency wallet. How is the new Decree for tax “simplifications” structured Article 16 of…
As expected, on 30 June came the approval of the Markets in Crypto Assets regulation, also called MiCA, and – fortunately – it does not include any bans for Proof of Work or mining. The first news came from Member of the European Parliament Stefan Berger, who made a series of posts on his Twitter profile. MiCA Trilog: Durchbruch! Europa ist der erste Kontinent mit einer Krypto-Asset Regulierung. Parlament, Kommission & Rat haben sich auf ausgewogene #MiCA geeinigt. Für mich als Berichterstatter war wichtig, dass es hier keine Verbannung von Technologien wie #PoW gibt /1 — Stefan Berger (@DrStefanBerger) June…
A Trail of Bits report was published a few days ago detailing the results of an analysis conducted by the Pentagon’s Defense Advanced Research Projects Agency (DARPA), a government agency that deals with new technologies for military use. Blockchains lack decentralization according to the Pentagon The Pentagon study on the degree of decentralization of the blockchain The report identifies several scenarios in which the immutability of blockchain could be subverted, not by exploiting cryptographic vulnerabilities, but by subverting protocol, network or consensus ownership. They argue, for example, that most Bitcoin nodes would have significant incentives to behave dishonestly, and that…
In recent days, the number of daily active addresses on the Cardano blockchain has fallen to its lowest in a year. Cardano blockchain starts losing active addresses This is revealed by Santiment, which also points out that Cardano’s sentiment on social media has fallen to 4-month lows, and that if ADA’s price rises again it is expected that FOMO will quickly return as well. On this #bearmarket slide, #Cardano is seeing the least amount of unique addresses interacting on its network in a year. On top of this, sentiment on social platforms has fallen to a 4-month low. When $ADA…
Astonishment has been sparked by a tweet from Ethereum’s founder who had words of praise for the EOS blockchain, calling it a much faster and more scalable project than Ethereum. EOS is Ethereum On Steroids. The name reflects the fact that the core team learned from Ethereum's amateurish naivety and idealism, and built out a team of professional top-talent software developers that created a smart contract platform with much higher scalability and speed. — vitalik.eth (@VitalikButerin) June 27, 2022 Buterin’s comment on the EOS blockchain and community responses This tweet by Vitalik Buterin, who quoted an old joke from the…
The bear market is well established, the stock market has been in the red since 2022, but in some sectors the losses started even much earlier. The main stocks The performance of the major stocks on the stock exchange Trader and asset management expert, Trevor Greetham, on CNBC’s “Squawk Box Europe” on Monday said: “We still think we’re in a bear market and we think this is how you describe it, a relief rally, and what we’ve seen so far is just the interest rate-driven part of that bear market. You had two or two bear markets. three years in…
Tesla, Elon Musk’s company, has partnered with California power company PG&E to launch a new program against blackouts using Powerwalls. There’s more in the Tesla household, as some employees who had to return to the office after the smart working issue couldn’t find their work desks. And finally, Musk’s latest Twitter statements hint at his political leanings toward the authoritarian right. Tesla and the project with PG&E against blackouts using Powerwalls Elon Musk may have found a new solution to the frequent power outages in California. His electric car company, as well as solar panels and energy storage systems company,…
The pursuit of cost optimization now finds its way through Tesla, which is not only involved in electric cars but also in robotics and electricity in general. Tesla’s new Powerwall Tesla launches the new Powerwall The house of light as defined by Musk himself features an evolution of his Powerwall as a true decentralized power plant Elon Musk is no stranger to process optimization strategies; indeed, part of his success and that of his companies is based on this very principle. An example of this focus on consumption and therefore costs is the SpaceX rocket, which, picking up the baton…