Tether Acquires Minority Stake in
Tether, the issuer of the world’s largest stablecoin, has acquired a minority stake in Juventus Football Club, marking a significant
Proof of Work (PoW) is a consensus mechanism used in blockchain networks to validate and process transactions. In PoW, miners compete to solve complex mathematical puzzles, which require a significant amount of computational power. The first miner to solve the puzzle broadcasts the solution to the network, which is then verified by other nodes. Once the solution is verified, the block of transactions is added to the blockchain.
This process of solving puzzles not only secures the network against malicious attacks but also regulates the creation of new blocks. Miners are rewarded with newly minted coins for their efforts in solving the puzzles. However, PoW requires a large amount of energy consumption due to the computational power needed to solve the puzzles, leading to concerns about its environmental impact.
Despite its drawbacks, PoW has been a popular consensus mechanism in many well-known cryptocurrencies such as Bitcoin and Ethereum. Its security features and proven track record make it a reliable method for reaching consensus in decentralized networks.
Tether, the issuer of the world’s largest stablecoin, has acquired a minority stake in Juventus Football Club, marking a significant
Ethereum’s price projections for 2025 have sparked discussions among analysts, with some suggesting the cryptocurrency could reach $10,000. The forecast
Austrian cryptocurrency exchange Bitpanda has received approval from the United Kingdom’s Financial Conduct Authority (FCA) to operate in the country,
Cryptocurrency exchange Gemini has received in-principle approval from Malta’s financial regulator for an Investment Firm license, a step toward expanding
MicroCloud Hologram Inc. announced plans to invest up to $200 million in Bitcoin and other digital assets, incorporating them into
Brazil’s central bank chief, Gabriel Galipolo, announced that the use of crypto assets in the country had surged significantly over
Tether, the issuer of the world’s largest stablecoin, has signed a Memorandum of Understanding with Reelly Tech, a UAE-based real
The U.S. Securities and Exchange Commission (SEC) has unveiled a new task force aimed at addressing the regulatory landscape surrounding
El Salvador has added to its Bitcoin reserves with the purchase of 11 BTC on February 3, following the cryptocurrency’s
Cryptocurrency exchange Coinbase has secured registration as a Virtual Asset Service Provider (VASP) from the U.K. Financial Conduct Authority (FCA),