Source: BBC Technology News Date: March 18th, 2022 Link: https://www.bbc.com/news/av/technology-60172436 Discussion Crypto mining uses a lot of electricity. Why? Some US and Canadian states/provinces and towns/cities are either banning crypto mining, or providing tax incentives for crypto miners to come. Why are some trying to stop it and others trying to encourage it?
Posts Categorized: crypto-currency
‘Hackers helped me find my lost Bitcoin fortune’
Rhonda Kampert was an early adopter. She bought six Bitcoins in 2013, when they cost about $80 (£60) each, and were the chatter of niche corners of the internet. “I used to listen to a radio talk show and they started talking about crypto and Bitcoin so I got interested,” she says. “Back then buying… Read more »
Inside Kazakhstan’s giant crypto-mine
Last year Kazakhstan became the second biggest crypto-currency mining country in the world, thanks partly to a vast mine containing 50,000 computers in the desert near the northern city of Ekibastuz. Young men work 12 hours a day for 15 days in a row without leaving the site, in order to keep it running round… Read more »
Canadian investment watchdog hopes advertising guidelines will rein in cryptocurrency’s wild west ‘bad actors’
Getting sick of those cryptocurrency ads that have all the grace and subtlety of carnival barkers or neon signs on the Vegas strip? So are securities regulators. The Canadian Securities Administrators and Investment Industry Regulatory Organization of Canada (IIROC) announced new advertising, marketing and social media guidelines for cryptocurrency exchanges Thursday. Ontario Securities Commission chair… Read more »
Why China’s bitcoin miners are moving to Texas
China’s ban on cryptocurrency mining has forced bitcoin entrepreneurs to flee overseas. Many are heading to Texas, which is quickly becoming the next global cryptocurrency capital. When China announced a crackdown on bitcoin mining and trading in May, Kevin Pan, CEO of Chinese cryptocurrency mining company Poolin, got on a flight the next day to… Read more »
Cryptocurrency price check: John Paulson calls crypto a ‘worthless bubble’
Billionaire investor John Paulson had harsh words for cryptocurrencies Monday, calling digital currencies “a limited supply of nothing.” Paulson, co-founder of Carlyle Group who became famous in 2007 by shorting the US housing market, made the comments to “Bloomberg Wealth with David Rubenstein,” adding that cryptocurrencies are a bubble that will “eventually prove to be… Read more »
Financial Expert Lloyd Ostertag (aka Elon Musk) on Cryptocurrency – SNL
Source: SNL (Saturday Night Live) Date: May 19th, 2021 Link to 2 minute 16 second video: https://www.youtube.com/watch?v=x5RCfQyTDFI Discussion ” Originally formed as a joke, Dogecoin was created by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer. They wanted to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. In addition, they wanted to… Read more »
Tesla will no longer accept Bitcoin over climate concerns, says Musk
Tesla has suspended vehicle purchases using Bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla’s announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The… Read more »
Want to get rich investing in bitcoin? Read this first
In 2018, I did something that would make cautious investors cringe: With almost no savings to my name, I bought cryptocurrency. I don’t need to tell you that when you’re low on cash, whether you’ve got debt or are in your first job after university as I was, a get-rich-quick scheme is always more attractive… Read more »
Finance Department sees issues with Facebook’s digital currency, documents show
Internal Finance Department documents show officials have deep concerns about the effect of Facebook’s planned digital currency on Canada’s financial stability. Officials wrote in the briefing note last summer that they believed the social media company had yet to address multiple concerns and risks its digital currency posed to the financial system. The July briefing… Read more »
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