Venezuelan army starts mining Bitcoin to make ends meet

The Maduro regime continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated a new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses various ASIC mining equipment used to crack proof-of-work algorithms. General Lenin Herrera presented the […]

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Ethereum 2.0 staking is coming to Coinbase

U.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum (ETH) 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform.  In an official blog post, Coinbase said it plans to roll out Eth2 staking, trading, and conversion services starting in early 2021. Once Eth2 is supported, […]

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Biden should integrate Bitcoin into US financial system, says Niall Ferguson

British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic has generally been good for cryptocurrency adoption, accelerating a “monetary revolution” around the […]

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