When it comes to mining for cryptocurrency, it generally involves the use of computers powered by powerful GPUs which can automate the mining process and run 24/7. However, it seems that Microsoft has invented a new potential way of mining cryptocurrency that could potentially raise some eyebrows due to how it works.
Last week, it was reported that Facebook’s Libra cryptocurrency lost one of the companies that initially supported it. This came in the form of PayPal who decided to back out of the cryptocurrency. However, it seems that Libra could be in serious trouble because it looks like more founding companies are withdrawing their support as well.
Facebook’s Libra cryptocurrency has yet to be released but it seems that the company is already facing quite a number of issues. Adding onto those issues would be PayPal, who was initially announced as one of the founding supporters of Libra, but have now confirmed that they will be withdrawing their support of it.
When it comes to currencies, each country has its own. However, with decentralized nature of cryptocurrencies, it seems that just about anyone can launch their own version of it. In fact, boxing legend and champion Manny Pacquiao has recently announced his own cryptocurrency called Pac.
These days more companies are looking to launch their own cryptocurrencies. Facebook announced their own plans earlier this year and now it looks like Telegram wants in as well. This is actually not the first time that Telegram expressed interest in launching their own cryptocurrency.
There is a reason why not everyone is mining for cryptocurrencies in their own home. This is because the mining process requires quite a bit of powerful hardware (which is why at some point in time, the prices of GPUs were going up) and also a lot of electricity, meaning that you could actually end up spending more than you make if you’re not successful.
Following all the privacy and data-related scandals of Facebook, we’re sure that there were many who were surprised that the company was still bold enough to announce its Libra cryptocurrency which probably involves giving the social networking platform a fair amount of your trust.
Back in June, Facebook announced their plans for their own cryptocurrency called Libra. However, given the apprehension surrounding cryptocurrency and also Facebook’s recent data and privacy related scandals, there were some who called on Facebook not to proceed with its launch.
Back in June, Facebook announced its own cryptocurrency called Libra. When it was announced, the US government immediately expressed their concerns about the technology. Now it seems that some of those concerns could be related to terrorism, at least that’s the perspective that the US Treasury has.
According to a report the other day, it was suggested that Facebook was in the process of getting ready to launch its own cryptocurrency. It shouldn’t be too surprising that Facebook is interested in getting into cryptocurrency due to the popularity technology, and sure enough they have.
While the price of bitcoin has come down a bit compared to its peak, it is still very lucrative and it’s not surprising that many out there want to get into it. However it seems that according to a report from Bitwise, many scammers are aware of this and are taking advantage of it by launching various bitcoin scams.
If you’re someone who is dabbling in cryptocurrency and have a few stashed away, then maybe the Samsung Galaxy S10 could be the phone for you. This is because Samsung has confirmed that the recently-announced Samsung Galaxy S10 will feature its own cryptocurrency wallet called the Samsung Blockchain Keystore.
Last year HTC announced the HTC Exodus, a blockchain smartphone. It seemed like a rather novel idea, and to make it even more novel, HTC later announced that customers could buy the phone using only cryptocurrency. However if you were interested in the handset but do not own cryptocurrency, you’re in luck.
We expect that the upcoming Samsung Galaxy S10 will pack the latest hardware as far as flagship phones of 2019 are concerned. We believe that the phone might also come with new software features, such as improved camera software, but now it seems that Samsung could be trying their hand at supporting cryptocurrency.