Bitcoin Scaling: Voorhees Says Algo Change “Absurd” And “Reckless”
ShapeShift CEO Erik Voorhees has hit out at suggestions that changing Bitcoin’s algorithm is an effective way of resolving its scaling problem. In a tweet on Monday, Voorhees branded the idea as “the most absurd and reckless thing I've heard in the scaling debate.” His comment sparked a lengthy exchange in which multiple posters accused Voorhees of siding with Bitcoin Unlimited’s bigger blocks solution, something he repeatedly denied. “[Threats and blackmail] is [sic] not a legit option. It's the height of foolishness and desperation, the last bastion of a tribe unwilling to put egos....
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Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains.
Algorand (ALGO)
ALGO was easily one of the biggest gainers during Saturday’s session, as prices rose by as much as 15% on the day.
Following yesterday’s low of $0.63, ALGO/USD rallied to an intraday peak of $0.745 to start the weekend.
The surge saw prices move from long-term support of $0.65, to now hovering....
ALGO was up by nearly 20% during today’s trading session, following the news of a partnership with football’s governing body, FIFA. NEAR and AVAX were also higher on Tuesday, with AVAX extending a recent bullish run.
Algorand (ALGO)
ALGO was one of Tuesday’s big gainers, as it was announced that FIFA would be partnering up with Algorand for the upcoming 2022 world cup.
The partnership will also see Algorand serve as an official sponsor for next year’s Women’s World Cup in Australia and New Zealand.
As a result of the....
On the latest episode of the Bitcoin.com Podcast, our host Zach Doty sat down with ShapeShift CEO Erik Voorhees to discuss the recent hack that took place at the exchange. Voorhees detailed the events before and after the hack, sharing his personal reactions to the theft. Voorhees spoke with Zach as a follow up to the guest post Voorhees published on....
The second episode of the official Bitcoin.com Podcast is now live. This episode features Erik Voorhees, a huge name in the Bitcoin industry. Our host Zach Doty talked with Voorhees about several topics surrounding the highly contentious Bitcoin block size debate. Voorhees has earned a lot of respect in the Bitcoin community, especially from the....
CVX was the biggest crypto gainer to start the week, as both DASH and ALGO also climbed higher. Despite ALGO rising to its highest level in over three weeks, gains in DASH and CVX were more noticeable. This came as APE once again traded in the red. Convex Finance (CVX) Convex finance (CVX) was Monday’s biggest gainer, as the world’s 77th largest cryptocurrency rose by as much as 15% to start the week. Following a low of $17.90 on Sunday, CVX climbed to an intraday high above $21.56 on Monday, as prices hit a ceiling. Today’s move was the highest level CVX has traded....