Twitter’s CEO Jack Dorsey Hopes Bitcoin Can Bring About World Peace
People do all sorts of things for money, because as much as we deny it, money is power. However, could bitcoin be different? That’s what Twitter and Square’s CEO Jack Dorsey is hoping, where he hopes that the cryptocurrency will be able to bring about world peace by addressing financial inequalities.
Watch This Steamroller Steamroll 1,069 Bitcoin Mining Rigs
There’s nothing wrong with mining for cryptocurrency. It’s kind of like mining for gold or coal, it’s fine if you invest your own resources into doing it, but less fine if you stole someone’s mining equipment to do it. That can land you in a lot of trouble, which is what some bitcoin miners discovered when their mining operations in Malaysia recently got steamrolled.
Cryptocurrency Mining Farm Discovered Using 3,800 PS4 Consoles
Buying cryptocurrency for investment might not be the best idea because of how expensive it can be, and due to the ever-fluctuating prices. Ideally, mining for it yourself could be a more cost-effective solution if you can scale up your operations, which is what Ukranian authorities have discovered when they raided a farm dedicated to crypto mining.
Tesla Will Start Accepting Bitcoin Again When Miners Use Clean Energy
It has been suggested that due to the energy required to run a bitcoin mining system that in some cases, it’s actually better to just buy bitcoin instead of mining for it yourself. Also, a downside to mining for bitcoin is that the energy consumed might not always be clean, which is why months after announcing they would accept bitcoin, Tesla walked back on their plan.
US DOJ Recovers 63.7 Bitcoin From Colonial Pipeline Ransomware Attack
Recently, the US government announced that they will soon be giving ransomware attacks the same level of priority as terrorism. While ransomware attacks aren’t new, it seems that the attack on the Colonial Pipeline that caused fuel shortages across the East Coast and Southern US has spurred the government to treat it more seriously.
El Salvador Could Be The First Country To Accept Bitcoin As Legal Tender
There is a lot of debate on cryptocurrency like bitcoin at the moment. This is because cryptocurrency is unregulated by governments, which was kind of the point in the first place, but it is also the reason why it isn’t quite mainstream yet compared to regular fiat currency. While there are some places that do accept bitcoin as payment, it is few and far between.
Coinbase Will Be Giving Away $1.2 Million Worth Of Dogecoin
There are several types of cryptocurrencies in the market right now, one of which is Dogecoin which started out as a meme, but over time as Tesla’s CEO Elon Musk started to tweet his support for it, we’ve seen the value of the cryptocurrency rise by quite a bit. If you’re looking to get in on the action, you’re in luck.
Job Listing Hints At Apple’s Interest In Cryptocurrency
It is no secret that Apple has interest in fintech. The company does have systems like Apple Pay and not too long ago, they also launched the Apple Card. However, could the company be looking to explore cryptocurrency as well? According to a job listing, that seems to be something Apple could be looking into.
Cryptocurrency Transactions Valued Over $10,000 Will Have To Be Reported To The IRS
One of the reasons why cryptocurrency has been gaining so much interest and attention is due to the fact that it isn’t made or owned by any government, which makes tracking it and regulating it difficult, but this doesn’t mean that governments won’t try. In fact, the US Treasury Department has recently announced new rules regarding cryptocurrency transactions.
Tesla Will No Longer Accept Bitcoin
A couple of months ago, Tesla announced that they will be accepting bitcoin as payment for their electric cars. It sounded like a good idea, especially with Tesla’s CEO Elon Musk seemingly making a push for cryptocurrency to be more mainstream with his stream of tweets over Dogecoin.
Chia Cryptomining Can Wreck An SSD In A Matter Of Weeks
There are various types of cryptocurrency in the market today. Bitcoin is kind of out of reach for a lot of people due to the fact that it is so expensive, and the cost of mining for it might actually not be so worth it, so you can imagine that people are constantly looking for the next best thing. One of those is called Chia, also known as a Burstcoin.
The UK Wants To Launch Its Own Digital Currency
We’re all quite used to the fiat currency that we use for everyday transactions, but there are some who are pushing to change that where in the future, we might be able to use different forms of currency like cryptocurrency that is supposed to be more secure and also in a way, untraceable.
You Can Now Buy A Tesla If You Have Enough Bitcoin
Based on the prices of bitcoin, it seems that the market really believes that bitcoin is a valuable commodity. However, spending your bitcoin, at least directly, isn’t as widely available yet so it’s not as if you’ll be able to walk into your local supermarket and pay for groceries using the cryptocurrency.
Cryptominers Have Bypassed NVIDIA’s Hash Rate Limiter [Update]
Update – It turns out that NVIDIA’s 30 series have not had their hash rate limiters hacked/cracked. The initial report, which came from @I_Leak_VN misinterpreted a cropped image. It was later discovered that this was for an alt-coin Octopus mining ring for Octopus. The readings are correct but because it was used for something else, and not ETH, it should not be understood that NVIDIA’s 30 series’ ETH-specific hash limiters […]
ZOTAC’s GPU Mining Post Just Ticked Off A Lot Of PC Gamers
In order to build a rig powerful enough to mine for cryptocurrency like bitcoin, you would need high-end GPUs. This has proven to be a problem over the years as miners have been snapping up supply of GPUs, much to the annoyance of gamers who simply want to build a gaming rig and play their games.
Apple Pay Now Supports Bitcoin Payments
If you like the concept of cryptocurrency and maybe have some of your own that you wish to spend instead of cash, then you might be interested to learn that Apple Pay will now support bitcoin, although not exactly directly. This is thanks to BitPay which is a digital wallet that can also be used with Apple Pay and the Apple Wallet app.
Analyst Believes That Apple Should Look Into Making Their Own Cryptocurrency
The interest and demand in cryptocurrency continues to remain strong, so much so that according to RBC Capital Markets analyst Mitch Steves, in a note to investors as seen by Coindesk, Steves believes that Apple’s next financial gambit should be to invest and create their own cryptocurrency.
Cryptocurrency Miners Are Now Snapping Up RTX 30 Laptops To Mine For Ethereum
Mining for cryptocurrency is essentially a race. The faster your machine is capable of solving the problems, the faster you get your cryptocurrency. This is why at one point in time, GPUs were suddenly in short supply as many miners started buying the best GPUs they could afford to make their mining rigs as powerful as possible.
Man Offers $68 Million Reward To Help Him Recover Lost Bitcoin Hard Drive
Turn the clock back years ago when bitcoin was still relatively new, people probably didn’t give it much thought or treated it particularly seriously. This is because bitcoin back then wasn’t worth that much, so people were giving it out in large quantities. These days, the value of bitcoin has shot through the roof, so those who held onto their bitcoin back then are sitting on a lot of money.
Man Forgets Password To His Bitcoin Portfolio, Stands To Lose Hundreds Of Millions Of Dollars
Back in the day when bitcoin wasn’t as highly-valued as it is today, people who got in early were paid a lot of it, since back then 1 bitcoin wasn’t worth as much as it is now. This was what programmer Stefan Thomas went through a few years ago, where he was paid 7,002 bitcoin for his services.