The Block and Chain

Cryptocurrency and Finance: People, Culture and Tech

Nomura, Julius Baer Finally Join “HODLers” – Offering Crypto to Wealthy Clients

In a significant move that signals the growing acceptance and mainstream adoption of cryptocurrencies, two prominent global financial institutions, Nomura and Julius Baer, have recently announced their foray into the world of digital assets. With this development, the traditional finance giants have acknowledged the increasing demand for crypto investments, particularly among their wealthy clientele. Nomura […]

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3 mins read

Minexmr, a Mining Pool, Has Threatened Monero With a 51% Attack

Members of the Monero community have revealed a worrisome development: a single mempool is getting closer to gaining substantial dominance over the entire network. Despite the fact that the Monero team has yet to offer an update despite the community’s active posting, this is how the phenomena could damage the entire network. Monero MineXMR Pool is a Monero mining pool. MineXMR is the largest mining pool in the Monero mining community, with over 12,851 miners earning 1.5 million kH/s. They are responsible for 44.2 per cent of all Hash Rate produced. […]

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2 mins read

Lugano, Switzerland, Will Adopt Bitcoin and Tether as Its Official de Facto Currencies

Tether and the City of Lugano will collaborate to achieve a common aim of growing the city’s blockchain capabilities and promoting Lugano as a major European blockchain adoption centre. Lugano’s ambitious Plan ฿ will allow the city’s 62,000 residents to pay for public services and taxes using Bitcoin, Tether, and LVGA. It has already partnered […]

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4 mins read

Polkadot’s Energy Efficiency: The Lightest Feet in All the Land

CCRI investigated proof-of-stake blockchains. Cardano uses the least amount of energy per node, while Solana uses the least amount of energy per transaction. For years, the use of energy by various crypto blockchains has been a source of contention, and now a research firm has attempted to measure the exact disparities in consumption by several of the most popular networks. According to a paper by Ulrich Gallersdörfer, Lena Klaaßen, and Christian Stoll of the Crypto Carbon Ratings Institute, Polkadot has the lowest overall electricity consumption and total carbon emissions per year among the six so-called proof-of-stake blockchains analysed. According to the analysis, Cardano uses the least amount of energy per node each year, and Solana uses the least amount of electricity every transaction. Ava Labs, which is affiliated with the Avalanche blockchain, one of the ones analysed, commissioned the paper. The total value locked in financial apps on each platform is $18,454 per kilowatt-hour for Avalanche, $4,395 for Solana, and $19.18 for Polkadot, according to the research, which used DeFiLlama […]

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2 mins read

Buffett and Munger See Bitcoin as “Rat Poison Squared” and “a Venereal Disease” Worth Banning – Praises China

Charlie Munger, vice chairman of Berkshire Hathaway and a longtime business associate of Warren Buffett, gave an annual presentation on Wednesday in which he slammed cryptocurrencies like Bitcoin and advised investors not to approach the stock market like a “gambling parlour.” The 98-year-old investing legend compared cryptocurrency to a sexually transmitted disease during a shareholder […]

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4 mins read