Steem has executed a soft fork to restrict the rogue “community321” account from making transfers after the account sent nearly 24 million STEEM to Bittrex in protest of a hard fork that sought to freeze the funds. While Steem has claimed that the hard fork was intended to protect the Steem community against malicious actors, critics claim it was intended to punish supporters of the Hive hard fork by freezing their funds. Steem sanctions community321 An update posted to Steemit on May 22 announced the completion of a soft fork sanctioning community321, stating that “the community no longer has control

Things haven’t quite been the same since the Bitcoin (BTC) halving. A substantial number of miners have pulled the plug on their equipment due to the halved reward. Consequently, transaction fees are now considerably higher, the hash rate has shed around 25%–40%, and new blocks are generated at remarkably low speed. So, what can be done to prepare for this new post-halving reality, or will things return back to normal in the near future? Here is a closer look at which blockchain processes have been affected. Hash rate One of the most important post-halving trends is the decreased hash rate, which was

Vin Armani, the crypto YouTuber and former star of Showtime’s Gigolos, packed up his life and family and moved to a tiny Pacific island in April to ride out the pandemic and escape the “totalitarian tyranny” he predicted was about to occur. Founder of CoinText said he believed there was a very good chance of him “being disappeared” if he had stayed in California as he was “an undesirable” in the eyes of unnamed forces. Like a number of prominent members of Crypto Twitter, Armani believes the authorities are using COVID-19 as a smokescreen to impose authoritarian measures. As things started getting