blockchains
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Failed Businesses and Tech Bros Keep Trying For Crypto Comebacks
Those of us who’ve been paying attention to new blockchain projects over this past year have noticed a strange trend. Failed or failing individuals or businesses are trying to reform their images, and it has everything to do with the still-nebulous idea of Web3.
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Ethereum’s Final Proof-of-Stake Test Deemed a ‘Success’
Ethereum is closer than it’s ever been to ditching its highly energy intensive proof-of-work model for a proof-of-stake (POS) alternative.
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SEC Says 11 People Fooled Users Out of $AU425 Million in Crypto Pyramid Scheme
Some crypto critics like Vivaldi CEO Jon von Tetzchner have called the entire apparatus of crypto “nothing more than a pyramid scheme.” It’s an easy claim when you cite the ever-growing number of scams in the crypto scene that have cost users over $US1 ($AU1.42) billion since last year.
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Yeehaw, the EU Agreed on Laws to Reign in the Crypto ‘Wild West’
The European Union is planning to temper the volatility of cryptocurrency with a regulatory framework that would establish consumer protection against crypto scams and forces crypto companies to disclose their environmental impact.