The Merge: A cryptocurrency revolution

Posted by & filed under Bitcoin, Blockchain, crypto-currency.

The Merge – Ethereum, the world’s second biggest cryptocurrency, attempts the Merge, a radical new operating model that cuts its energy usage by 99%. Will it work – and how will it reshape crypto? Source: BBC Podcast Date: September 22nd, 2022 Link to podcast (Start to about 10 minutes 45 seconds in) https://www.bbc.co.uk/sounds/play/w3ct375m Discussion Why… Read more »

The giant crypto-mine in a desert

Posted by & filed under Bitcoin, crypto-currency.

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?

Inside Kazakhstan’s giant crypto-mine

Posted by & filed under crypto-currency.

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’

Posted by & filed under Bitcoin, crypto-currency, IT and Politics, Politics.

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

Posted by & filed under crypto-currency.

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’

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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

Posted by & filed under crypto-currency.

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 »