Hello and welcome to our Weekly Crypto Update, I am your reporter Shai (Deshe) Wyborski bringing you the latest news in the world of cryptocurrency. First up, Bitcoin continues its volatile streak, with prices fluctuating between $30,000 and $40,000 this week. Despite the uncertainty, many investors remain optimistic about the long-term potential of the digital currency. In other news, Ethereum has seen a surge in popularity, with its price reaching an all-time high of over $4,000. This comes as more and more developers are building decentralized applications on the Ethereum blockchain. Meanwhile, Dogecoin, the meme-inspired cryptocurrency, has also been making headlines. Thanks to endorsements from celebrities like Elon Musk, the coin has seen a dramatic increase in value, with some predicting it could become the next big thing in the crypto world. In regulatory news, the US government continues to grapple with how to regulate cryptocurrencies. The SEC has announced plans to increase scrutiny on digital assets, while the Federal Reserve is exploring the possibility of creating its own digital currency. Finally, in international news, China has announced a crackdown on crypto mining operations, citing concerns about energy consumption and environmental impact. This has led to a drop in Bitcoin’s hash rate, as miners are forced to shut down or relocate their operations. That’s all for this week’s update. Stay tuned for more news and updates in the world of cryptocurrency. I am Shai (Deshe) Wyborski, signing off.

Dr. Martin Hiesboeck from Uphold recently hosted a Weekly Crypto Update on Twitter Space, where he was joined by Shai Wyborski, a key contributor to Kaspa and a researcher in quantum and cryptography. The event, which took place on May 4th at 1:00 PM EST, was an Ask Me Anything (AMA) session that gave attendees the opportunity to delve into the history and innovative technology behind Kaspa.

Wyborski shared insights on the potential of smart contracts in application development and discussed his experiences in the cryptocurrency world. He also addressed the ongoing debate about the energy consumption of proof-of-work chains, suggesting that the criticism of Bitcoin’s energy use is not fully informed, as it fails to consider the complexities of energy generation’s environmental impact.

The session also touched on the lack of data available for comparison and while Wyborski couldn’t guarantee the sustainability of proof-of-work systems, he encouraged a deeper exploration of the issue rather than surface-level judgments.

In addition to the informative discussion, it was announced that Kaspa will soon be listed on Uphold’s platform, giving users another option for trading this innovative cryptocurrency.

For those interested in learning more about Kaspa, you can visit their official website, wiki page, Medium blog, as well as follow them on social media platforms like Twitter, Telegram, Discord, Reddit, and GitHub. You can also check out their blockchain explorer for real-time updates.

The original post can be found on Kaspa’s website with the title “Weekly Crypto Update Featuring Shai (Deshe) Wyborski.”