New proof-of work (PoW), forks that were created after the Ethereum Merge event was successfully concluded, are now available to compete for miner acceptance. The United States government warned this, pointing out that the post quantum world is closer. This means vulnerable cryptography must be protected. Amidst red hot inflation in the U.S., President Joe Biden notes that gas prices have fallen, but doesn’t mention the 190 million barrels that have been tapped from the U.S. Strategic Petroleum Reserve to address the issue. Though U.S. inflation is high, the greenback is gaining great power against other world currencies, and Chinese state-backed media says this “might be the beginning of another nightmare” for “many countries in the world.” All this and more in this week’s Bitcoin.com News Week in Review.
Ethereum’s Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower
Following Ethereum’s Merge, a number of cryptocurrency community members have been discussing the proof-of-work (PoW) fork called ETHW as it has dropped significantly in value recently. However, a lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair (ETF), and ETF has gathered a small amount of hashrate and fiat value since the token’s mainnet launch.
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Bitcoin and Quantum Computers: The US Government claims that the Post Quantum World is getting closer, CISA warns contemporary encryption may break
The U.S. Cybersecurity and Infrastructure Security Agency, (CISA) states that quantum computers cannot break public key encryption algorithms. However, both public and private entities must be prepared for possible future attacks against cryptography that’s not quantum-resistant.
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As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
U.S. president Joe Biden was recently criticized for claiming inflation in America hasn’t increased during the past few months, while the U.S. Dollar Index (DXY) crept up to the 110.776 region. Meanwhile, a recent report published by CCP-backed Global Times is pressing for de-dollarization as the U.S. dollar’s rise “might be the beginning of another nightmare” for “many countries in the world.”
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DOJ Launches Network with Over 150 Federal Judges to Fight Criminal Uses Of Crypto
The U.S. Department of Justice has created the Digital Asset Coordinator Network, which includes over 150 federal prosecutors. The authority explained that the new network will further its “efforts to combat the growing threat posed by the illicit use of digital assets to the American public.”
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What are your thoughts on this week’s stories? Do you think the U.S. dollars pose a threat or opportunity to the world’s economy? We’d love to hear from you in the comments below.
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