Entrepreneur, CEO and founder of cryptocurrency exchange FTX, Sam Bankman-Fried, said yesterday that bitcoin could not become a payments network but that it had potential for being a store of value. H...
Tag: network
WOO Network Halts Terra’s LUNA Trading Just Hours After Relisting It
The Terra disaster has led the largest cryptocurrency exchanges to delist the LUNA and UST tokens. But DeFi exchange WOO network sought to go against the grain by relisting LUNA, which it did on Monda...
Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network. In a series of tweets, Kwon suggested: “The Terra c...
What is Lightning Network? Bitcoin’s Scalability Solution
In brief Because of the way it’s built, Bitcoin suffers from slow transaction speeds and high transaction costs. The Lightning Network is a “second-layer solution” that speeds up tra...
Bitcoin Has No Future as Payment Network
According to Bankman-Fried, Bitcoin is very inefficient and has a high environmental cost which undermines its status as a payment network. The argument against Bitcoin with regards to its carbon emis...
Jack Dorsey’s Square May Provide Liquidity for Lightning Network Payment Channels in Near Future
Yuri Molchan Twitter co-founder believes that PoW is “Holy Grail” for Bitcoin, says Square might ensure liquidity for Lightning Network payment channels In a discussion under a tweet by FT...
FTX CEO Sam Bankman-Fried: Bitcoin ‘Not a Payments Network’
Sam Bankman-Fried, CEO of the fast-growing crypto exchange FTX, said that Bitcoin isn’t a suitable payments network. “The Bitcoin network is not a payments network and it is not a scaling network,” h...
Blockchain projects lured from Terra network
Terra-based projects have chosen to relocate away as being lured by Polygon and others Polygon Studios banded together with Terra designers to assist with moving them to its chain Juno Network propose...
Bitcoin Has No Future As A Payment Network — FTX CEO ⋆ ZyCrypto
Advertisement     Sam Bankman-Fried, founder and CEO of crypto-exchange FTX believes that Bitcoin has no future as a payment network. According to a Monday report by t...
Celsius Network Files Draft S-1 Form to Take Its Mining Unit Public
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SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption
Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, said in a recent interview with the Financial Times that he does not think Bitcoin has a future as a payment network. SBF...
FTX Founder Downplays BTC’s Chances as an Efficient Payment Network
The founder of FTX has taken a swipe at Bitcoin (BTC) over its inefficiency in settling transactions and has thrown his weight behind the proof-of-stake (PoS) consensus mechanism. Sam Bankman-Fried, C...
FTX CEO Sam Bankman-Fried Criticizes Bitcoin as a Payments Network
10 mins ago | 2 mins read Editors News The most popular cryptocurrency uses a lot of energy. The number of machines involved in Bitcoin mining has constantly increased. According to FTX CEO Sam Bankma...
Polygon Team Working With Terra Projects to Help Them Swiftly Migrate to Polygon Network
The collapse of the Terra ecosystem over the last week has shaken the entire crypto market. Industry players are coming forward to lend an extending help to the community. On Sunday, May 15, Ryan Wyat...
Terra Dapp Expo canceled following chaotic week for Terra network
The Terra Dapp Expo, slated for June 9 and 10 in Austin, Texas, has been canceled, according to the expo’s official Twitter feed. “We have been monitoring the community responses to the idea of TDX co...
Terra network halt leaves LUNA-based ETPs unable to trade
VanEck, Valour and 21Shares have been forced to halt their LUNA-based exchange-traded products (ETPs) as the Terra Network remains halted. All three products trade in the European markets, offering e...
Terra’s Do Kwon Lays Out Plan to Revive Embattled Network
Alex Dovbnya Do Kwon has introduced his plan to revive the embattled cryptocurrency project In a recent post published on a Terra-related forum, Do Kwon has laid out his plan to revive the embattled b...
Celsius Network steps away from Anchor Protocol post Terra plunge
Celsius Network has pulled out more than $500 million from Anchor Protocol Anchor Protocol is a loaning and acquiring convention on the Terra organization, which is right now encountering a departure ...
Bitcoin network fortifies as mining difficulty records ATH of 31.251T
Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-tril...
Bitcoin Network More Secure as Mining Difficulty Records ATH of 31.251 Trillion
12 seconds ago | 2 mins read Bitcoin News BTC miners are responsible for verifying the authenticity of transactions. BTC remains the most durable blockchain network. Dispelling any fears of a blockcha...
Logarithmic Finance (LOG), Theta Network (THETA), Solana (SOL): 3 Coins Rising Recently
– Advertisement – Cryptocurrencies are a volatile and exciting investment. While some coins are stable, others see dramatic price fluctuations. Here are three cryptocurrencies that have se...
LUNA-based ETPs Face Difficulty In Trading As Terra Network Suffer Halts
As the Terra Network continues not to operate, VanEck, Valour, and 21Shares are being pushed to put a halt on LUNA-based exchange-traded products (ETPs). The mentioned three products trade in the Euro...
Terra Community Must Revive Network, Do Kwon Urges
Key Takeaways Do Kwon has published a post on Terra’s governance forum presenting a plan to revive the network. Kwon has suggested issuing 1 billion new tokens for Terra community members. Kwon ...
Several Network Shows Get The Ax While One Drama Celebrates A Huge Milestone
Javicia Leslie stars as the title character in “Batwoman.” Courtesy: The CW. May is a pivot month in the broadcast television world, particularly during the first and second weeks, when ne...
U.K. Sanctions Putin’s ‘Shady’ Network Of Family And Friends—Including Rumored Girlfriend
Topline The U.K. government on Friday announced a fresh wave of sanctions targeting the friends and family of Vladimir Putin, who Westminster claims are funding the Russian president’s “lavish lifesty...
Zcash: “the largest network upgrade in Zcash history”
On 31 May, the long-awaited update of the Zcash blockchain will go online, described by the Electric Coin Company team as “the largest network upgrade in Zcash history”. This will take place precisely...
A Look at Secret Network
Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and...
Celsius Network Executives Deny Substantial Losses Despite Market Turmoil – crypto.news
After reaching a peak of $3 trillion in market capitalization in November 2021, the crypto markets lost more than half of their value in a matter of weeks, leaving investors fearful and pessimistic ab...
BiFarms Network Announced the Launch of the Decentralized Multichain Yield Optimizer Platform and Tier-less Launchpad Ecosystem
BiFARMS has announced the launch of the all in one decentralized finance yield optimizer platform that’s focused on providing high yields on crypto assets. BiFARMS aims to simplify this process by cre...
The Terra Blockchain Halts Network Activity After LUNA Crashes
Since the start of this week, the cryptocurrency market has undergone a severe bearish spell. Several tokens have shed a major portion of their value. The likes of Bitcoin and Ethereum lost their supp...