Crypto

Ethereum blockchain set for 'monumental' overhaul
Ethereum blockchain set for 'monumental' overhaul

An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy consumption. At the moment, so-called crypto miners use energy-guzzling rigs of computers to solve puzzles that reward them with new coins -- a system known as "proof of work".

El Salvador marks 1st year of Bitcoin use as confidence wanes
El Salvador marks 1st year of Bitcoin use as confidence wanes

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele. El Salvador became the first country to accept Bitcoin as legal tender, alongside the US dollar that has been the official currency for two decades.

Cryptocurrency sceptics look to bend the ear of regulators
Cryptocurrency sceptics look to bend the ear of regulators

Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector. About 1,000 people have signed up to watch the conference online and UK officials are expected to attend a live event in London on Tuesday.

Ethereum crypto overhaul targets environmental impact
Ethereum crypto overhaul targets environmental impact

The world's second biggest cryptocurrency after bitcoin, ethereum, will soon overhaul its blockchain technology to curb the network's much-criticised environmental impact. "The ethereum blockchain is the base layer infrastructure of the majority of the whole crypto ecosystem," summarised Lennart Ante, CEO and co-founder of the Blockchain Research Lab.

Art market pushes on with rocky crypto romance
Art market pushes on with rocky crypto romance

The closest most people get to owning a world-famous artwork is to buy a cheap poster from a gallery, but art dealers are determined to harness technology to draw in new collectors. Collectors and artists are among the most eager experimenters with the technology, even if it means owning only a slice of a digital copy of a painting.

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