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the 19 millionth Bitcoin was mined, a major milestone given that there can never be more than 21 million Bitcoins.
And that implies that after 13 years, almost 90% of all Bitcoin has been distributed.
But, if you're expecting to see the historic moment when the final Bitcoin is mined, we're sorry to break it to you: Neither you nor the current CRYPT magazine team will be able to witness it because, in all likelihood, miners won't be able to do it until 2140.
Bitcoin's halving has resulted in a huge drop in mining earnings since 2009. Because the mining becomes more sophisticated after every 210,000 blocks, the rate at which Bitcoin is released on the market drops by half. This happens every four years or so.
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Web3's promise is that we'll have all of the benefits of the internet, but with more privacy and a blockchain-based architecture to keep our data safer than before.
That, at least, is the theory. In truth, Web3 is turning into a security nightmare, with a string of recent hacks leaving some to wonder if we should just hand over our money and data to Mark Zuckerberg and call it a day.
The most recent security fiasco involves Axie Infinity, a play-to-earn game that was supposed to be the poster child for what Web3 can be. If you missed it, hackers got into the Ronin "bridge" between Axie and the Ethereum blockchain and stole $552 million (now worth $630 million, according to ETH's rise)—a astounding sum even in this crypto era.
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Opera, a popular web browser, announced today that it will support up to eight additional blockchain networks, making it easier to access decentralised programmes (dApps) and services.
Popular projects such as Bitcoin, Polygon, and Solana, as well as StarkEx, Ronin, Celo, Nervos, and the Cosmos-based IXO, are among them.
Polygon dApps are now available on Android, desktop PCs, and Android via the company's revolutionary Web3-native browser, the Crypto Browser Project.
Opera released a public beta version of their new Crypto Browser Project for mobile and desktop devices earlier this year. The Crypto Browser Project is a stand-alone browser that has built-in dApp compatibility as well as a non-custodial cryptocurrency wallet. Crypto Corner, a hub for the latest crypto news, prices, gas fees, and market sentiment, as well as scheduled airdrops, educational content, and an events calendar, is also included.
Solana, StarkEx, Deversifi, IXO, Ronin, Nervos, Bitcoin, and Celo are presently exclusively available on Opera for Android, but will be included to the Crypto Browser Project in the next months.
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During an interview with Time magazine, Buterin stated that as the transition to proof of stake (PoW) progresses, exorbitant fees are impeding Ethereum's usage.
Buterin also highlighted his dissatisfaction with the impact of exorbitant fees and how they are impeding the realisation of important initiatives. Simultaneously, he expressed optimism that if sharding is implemented, the fees will be reduced.
Aside from the exorbitant fees, Buterin noted that the platform's decentralised purpose may be jeopardised by bad actors seeking personal benefit.
According to the founder, addressing flaws like gas pricing might position Ethereum to serve as a springboard for socio-political transformation.
Despite the fact that Ethereum has been chastised for its high fees, data reveals a shift. According to our study, transaction gas prices on the Ethereum blockchain fell to a six-month low on March 9, the lowest level since August 2021.
Experts attribute the recent increase in gas fees to a growth in interest in non-fungible tokens (NFTs) and decentralised finance (DeFi).
The European Union parliament has passed legislation prohibiting the use of digital assets that rely on consensus evidence of work.
Governments all across the world are becoming increasingly concerned about the amount of crypto energy consumed, and the United States is no exception.
The Office of Science and Technology Policy (OSTP), which is run by Vice President Joe Biden, is seeking public input on cryptocurrency's energy use and potential climate impacts.
President Biden signed an executive order earlier this month that many observers believe will have a significant impact on how the crypto business functions. This order directed federal agencies such as the OSTP to investigate how cryptocurrencies in general might impact the country's financial system and, at the same time, its efforts to combat climate change.
In its release, the OSTP noted that digital assets that use "proof of work" (PoW) systems frequently consume a significant amount of energy, which could pose a problem in future efforts to mitigate climate change. The release did, however, mention how this technology could be applied to environmental research.
Proof-of-work (PoW) projects use a lot of energy.
While it is no longer news that crypto projects using the PoW mechanism have been subjected to heightened scrutiny due to their "high" energy consumption, policymakers all over the world have been obliged to take action in order to better "defend" the environment.
Recently, the European Parliament considered prohibiting proof-of-work blockchains like Bitcoin, but this appears to have been ruled out, based on the announcement of the MiCA report's lead politician.
That does not, however, imply that all of the major stakeholders are on the same page. Erik Thedéen, vice-chairman of the European Securities and Markets Authority (ESMA), called for a ban on proof-of-work networks and suggested that blockchains using the consensus switch to proof-of-stake
The European Union parliament has passed legislation prohibiting the use of digital assets that rely on consensus evidence of work.
Governments all across the world are becoming increasingly concerned about the amount of crypto energy consumed, and the United States is no exception.
The Office of Science and Technology Policy (OSTP), which is run by Vice President Joe Biden, is seeking public input on cryptocurrency's energy use and potential climate impacts.
President Biden signed an executive order earlier this month that many observers believe will have a significant impact on how the crypto business functions. This order directed federal agencies such as the OSTP to investigate how cryptocurrencies in general might impact the country's financial system and, at the same time, its efforts to combat climate change.
In its release, the OSTP noted that digital assets that use "proof of work" (PoW) systems frequently consume a significant amount of energy, which could pose a problem in future efforts to mitigate climate change. The release did, however, mention how this technology could be applied to environmental research.
Proof-of-work (PoW) projects use a lot of energy.
While it is no longer news that crypto projects using the PoW mechanism have been subjected to heightened scrutiny due to their "high" energy consumption, policymakers all over the world have been obliged to take action in order to better "defend" the environment.
Recently, the European Parliament considered prohibiting proof-of-work blockchains like Bitcoin, but this appears to have been ruled out, based on the announcement of the MiCA report's lead politician.
That does not, however, imply that all of the major stakeholders are on the same page. Erik Thedéen, vice-chairman of the European Securities and Markets Authority (ESMA), called for a ban on proof-of-work networks and suggested that blockchains using the consensus switch to proof-of-stake
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The country's espionage operations are thought to reflect the regime's immediate concerns and priorities, which are likely currently focused on obtaining financial resources through crypto heists, targeting of media, news, and political entities, information on foreign relations and nuclear information, and a slight decline in the once spiked stealing of COVID-19 vaccine research," according to the report.
The paper goes into depth on North Korea's cyber activities and how they are organised under the Reconnaissance General Bureau, or RGB, which is similar to the CIA or MI-6. It also gives insight on the famed North Korean hacking organisation "Lazarus," which has been active since 2009.
According to the study, Lazarus is not a single hacking gang, but rather an umbrella word used by reporters to refer to a variety of state-backed hacker groups working out of North Korea. These many organisations, on the other hand, operate in separate "sectors" and have distinct tasks. One of the tasks is to raise revenue via stealing cryptocurrency.
Cyber espionage activities in the news at the moment
From early January 2022 through mid-February 2022, hacker groups related to Lazarus were active and exploiting a Google Chrome vulnerability.
In a blog post published on March 24th, Google's Threat Analysis Group said that North Korean state-backed attacker groups — codenamed "Operation Dream Job" and "Operation AppleJeus" — had been exploiting a "remote code execution vulnerability in Chrome" since early January 2022 to carry out various hacks and phishing attacks. In a blog post, TAG's Adam Weidemann wrote:
IN BREIF
The "Warline" collection will cost 0.15 ETH per NFT.
The money raised from the sale of NFTs will go straight to the Ministry of Digital Transformation.
Ukraine's Ministry of Digital Transformation announced today the launch of the Meta History Museum of War, which will showcase solely NFTs, as the country remains under Russian bombardment.
As you might expect, the "museum" is a website rather than a physical structure. Its collection, which was created with the ministry's help, documents recent events in the Russian-Ukraine conflict, including personal perspectives from Ukrainian and international digital artists.
Each NFT in the "Warline" collection will cost 0.15 ETH (about $468), with the assets being auctioned in the sequence represented on the timeline. Mykhailo Fedorov, Ukraine's Vice Prime Minister and Minister of Digital Transformation, describes the new platform as a "place to maintain the memory of conflict" and a "celebration of Ukrainian identity and freedom."
The proceeds from the NFT sale will be sent straight to the Ministry of Digital Transformation's official cryptocurrency accounts, which will be used to fund the army and civilian aid.
Over $100 million has been donated in cryptocurrency to the region since the Russian assault began. The vast majority has gone directly to the Ukrainian government, according to data from analytics company Merkle Science. With the sale of an NFT portraying the Ukrainian flag earlier this month, UkraineDAO generated $6.75 million in ETH.
