Getting To Know The Bitcoin Currency
Bitcoin as a currency is not a new concept. This is a tool that has been in use since the invention of paper. In fact, it can be credited with creating the first completely decentralized online transaction. When you hear about people making transacti.....»»
Some Industrial Bitcoin Miners are Moving to Cheap-Energy Texas
North America's largest crypto mine is six miles outside Rockdale, Texas, "a four-square-mile town that hosts a Walmart, one other grocery store, a handful of Mexican restaurants and a couple of pizza places," reports the Washington Post. The miner.....»»
Insider Trading Charges Filed Over Long Island Iced Tea"s Blockchain "Pivot"
CNN reports: As the bitcoin craze took off in 2017, a Long Island iced tea company sent its share price spiking as much as 380% merely by announcing a "pivot" to blockchain technology. Long Island Iced Tea Corp. even changed its name to Long Blockch.....»»
A 124-year old hydroelectric plant is using its power to mine Bitcoin
In the 1980s, the National Grid was considering shutting down the defunct plant when Albany Engineering Corp. agreed to operate it under a 40-year lease if the National Grid would purchase its electricity. It took Albany Engineering seven years to ac.....»»
South Korean Toilet Turns Excrement Into Power, Digital Currency
Cho Jae-weon, an urban and environmental engineering professor at the Ulsan National Institute of Science and Technology (UNIST), has designed an eco-friendly toilet connected to a laboratory that uses excrement to produce biogas and manure. Reuters.....»»
Square is building a hardware wallet for Bitcoin
The idea was floated by Dorsey on Twitter back in early June and confirmed on the same platform this week. Specifically, Twitter’s hardware boss, Jesse Dorogusker, said in a recent tweet that they have indeed decided to build a hardware wallet and.....»»
Visa is partnering with 50 leading crypto companies to let users spend digital assets at merchants worldwide
Visa has announced a partnership with 50 of the top crypto platforms, including Coinbase, FTX and CoinZoom, that’ll make it easier for users to convert and spend their digital currency at millions of merchants around the globe......»»
Bitcoin power plant is turning a 12,000-year-old glacial lake into a ‘hot tub’
Private equity's cryptocurrency experiment pushes more costs on the public. Enlarge / In this aerial photo of Greenidge Generation's power plant outside Dresden, NY, Seneca Lake is visible in the background. The lake receives warm water from Gre.....»»
TikTok is testing a Cameo-like feature that lets users buy personalized videos from creators
TikTok’s interpretation is called “Shoutouts,” and it uses the social networking platform's in-app currency for payment (the same one that is used to tip creators during livestreams). According to BuzzFeed, which was the first to report on the.....»»
Bitcoin Power Plant Is Turning a 12,000-Year-Old Glacial Lake Into a Hot Tub
An anonymous reader quotes a report from Ars Technica: The fossil fuel power plant that a private equity firm revived to mine bitcoin is at it again. Not content to just pollute the atmosphere in pursuit of a volatile crypto asset with little real-wo.....»»
Bitcoin power plant is turning a 12,000-year-old glacial lake into a hot tub
Private equity's cryptocurrency experiment pushes more costs on the public. Enlarge / In this aerial photo of Greenidge Generation's power plant outside Dresden, NY, Seneca Lake is visible in the background. The lake receives warm water from Gre.....»»
Bitcoin.org Loses in Court, Owes $48,600 to Self-Proclaimed Bitcoin Creator Craig Wright
"A U.K. high court told Bitcoin.org it can no longer share the 2008 white paper that outlines what bitcoin is on its website," reports Business Insider, "delivering a victory to Craig Wright, a computer scientist who claimed he wrote the original doc.....»»
Summer Camp For Children Includes Classes on Bitcoin and Cryptocurrencies
A Los Angeles summer camp is offering children as young as 5 "a crash course in all things crypto," reports NBC News: In a sign of the bubbling enthusiasm for digital currencies, the Crypto Kids Camp began Monday in a warehouse in a busy port distri.....»»
After China"s Crackdown on Bitcoin Mining, It"s More Profitable For Everyone Else
Bitcoin mining just became easier and more profitable, reports CNBC: The world has known for months that more than half the world's bitcoin miners would be going dark as China cracked down on mining. Now that it's happened, the bitcoin algorithm has.....»»
Microsoft Engineer Stole $10 Million By Selling Xbox Gift Cards For Bitcoin
An anonymous reader quotes a report from PC Gamer: An oversight in accounts used to test Microsoft's payment systems let one engineer swindle his way into over $10 million after selling Xbox Gift Cards for Bitcoin over two years, a new report from Bl.....»»
Mercado Bitcoin, Brazil’s first crypto exchange, raises $200M from SoftBank
Mercado Bitcoin, a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. The round values 2TM Group, Mercado Bitcoin’s non-operating parent company, at $2.1 billion, ranking it amo.....»»
Even Gold-Obsessed Indians Are Pouring Billions Into Crypto
The cryptocurrency aficionados' mantra that Bitcoin is equivalent to digital gold is winning converts among the world's biggest holders of the precious metal. From a report: In India, where households own more than 25,000 tonnes of gold, investments.....»»
One of the Largest Owners of Bitcoin, Who Reportedly Held As Much As $1 Billion, Is Dead At 41
Billionaire bitcoin owner Mircea Popescu has reportedly died, leaving behind a cache of virtual currency and a controversial crypto legacy. MarketWatch reports: The bitcoin pioneer, who was believed to own over $1 billion in the world's No. 1 crypto,.....»»
Regulators Crack Down on Crypto Exchange Binance in UK, Japan, Germany, and Ontario, Canada
The Wall Street Journal reports: Authorities in the U.K. and Japan took aim at affiliates of Binance Holdings Ltd., the world's largest cryptocurrency exchange network, in the latest regulatory crackdown on the wildly popular trade in bitcoin and oth.....»»
El Salvador is Giving Away Free Bitcoin To Its Citizens
Millions of Americans received stimulus checks in the past year, but Salvadoreans will be soon be receiving one paid in Bitcoin. From a report: The Central American country will give U.S. $30 worth of Bitcoin to each adult citizen that downloads and.....»»
Biggest ever crypto scam sees Bitcoin worth $3.6 billion stolen by siblings
Bloomberg reports that Ameer Cajee and his brother Raees set up Africrypt in 2019 and it provided significant returns for investors. But in April, when Bitcoin hit its peak, Cajee, who was working as the company’s Chief Operating Officer, informed.....»»