2022 seems to be a transformative year for the cryptocurrency ecosystem, as the focus on interoperability between blockchain networks has come to the fore, and numerous projects have announced plans to connect their platforms with other protocols.
Vitalik Buterin Proposes "Multidimensional EIP-1559" for Ethereum
Vitalik Buterin shared a new proposal called "multidimensional EIP-1559". The update will affect Ethereum's gas fee markets and the base fee charged for different resources within the Ethereum Virtual Machine. EIP-1559 was introduced in August to make Ethereum gas fees more predictable. It involves burning part of the ETH in each transaction, and therefore making the supply more scarce.
Nasdaq-Listed Company Offers Dividend With 'First Ever' Bitcoin
BTCS, a blockchain infrastructure, and technology firm listed on Nasdaq, announced that it would become the “first” company listed on the stock exchange by offering its shareholders a dividend payable in Bitcoin.
Bloomberg Analyst: Bitcoin May Outperform Stocks in 2022 Despite Fed Tightening
The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency. However, there’s a good chance that Bitcoin (BTC) still comes out on top as investors recognize its value as a digital reserve asset, according to Bloomberg commodity strategist Mike McGlone.
Samsung Opens Metaverse Store in Decentraland
Electronics giant Samsung is entering the metaverse by opening a virtual store in Decentraland. The Samsung 837X virtual store, named after Samsung's flagship 837 store in New York, will open for a limited time from today, according to a press release from the company.
El Salvador Lost Almost 15% as Bitcoin Retraces to $43,000
The first country to accept Bitcoin as a legal tender became the top of the agenda of the anti-crypto community and some of its influencers after digital gold fell to $43,000, and the first country to officially buy Bitcoin suffered losses.
US Congress to Hold Oversight Hearing on Bitcoin Carbon Footprint
The U.S. Congress is preparing a hearing to examine the environmental impact of the Bitcoin carbon footprint. The subcommittee is reportedly working on a list of witnesses who could testify at an oversight hearing by the end of the month. Last year, large mining companies expanded their operations in such US states as New York, Texas, Alabama and Wyoming.
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