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 »
Posts Categorized: crypto-currency
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 »
How Bitcoin’s vast energy use could burst its bubble
For Bitcoin, it isn’t just the digital asset’s price that has hit an all-time high. So has its energy footprint. And that’s caused blowback for Mr Elon Musk, who recently bought $1.5 billion of Bitcoin, as the scale of the currency’s environmental impact becomes clearer. It also helped prompt a series of high profile critics… Read more »
Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade
Tola Fadugbagbe recalls moving to Lagos from his small south-western town 10 years ago with dreams of brighter prospects. Instead, the 34-year-old ended up in a series of odd jobs earning the minimum wage to survive – a typical story for many young Nigerians who are just trying to get by. It was not until… Read more »
Bitcoin ‘halving’: What does the much-hyped event mean?
Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. The digital currency relies on what are known as “miners”, who run software that races to solve complex maths puzzles in return for Bitcoins. Monday’s halving… Read more »
IMF’s Lagarde says central banks could issue digital money
International Monetary Fund head Christine Lagarde said central banks around the world should consider issuing digital currency. Speaking in Singapore, Ms Lagarde said this could make digital currency transactions safer. Source: BBC Technology News Date: November 15th, 2018 Link: https://www.bbc.com/news/business-46203869 Discussion 1) How much do you know about how cryptocurrencies, of which Bitcoin is just one example? Why… Read more »
The virtual land selling for millions
Investors are spending real money to buy land in a new city that only exists in virtual reality. Buyers can build whatever they want on their plots in Decentraland. Many hope to make a profit trading goods and services in the virtual world’s own crypto currency. But will Decentraland be an online utopia or a… Read more »
The blockchain bonanza is over for graphics card makers
The image above is of a cryptomining rig For almost a year, cryptocurrency miners have snapped up all the graphics cards they could get their hands on. That was a financial windfall for Nvidia and AMD, the leading makers of consumer graphics cards. Both reported soaring profits their last two quarters. But on Thursday, Nvidia reported its financial… Read more »
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