The very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it into precious Bitcoin. In other …
Category archives: Bitcoin News
Central Bank of Brazil Researches Creation of Digital Real
Fabio Araujo, a representative of the Central Bank of Brazil, talked about the possible development of a Digital Real at a public hearing before the Committee on Science, Technology, Innovation, Communication and Information Technology of the Brazilian Senate. Araujo clarified that the Digital Real is still at the debate stage, and they are determining the …
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NBA’s Dallas Mavericks’ Shop to Give Rewards to Customers Paying With Dogecoin and Other Cryptos
The professional basketball team owned by the billionaire Mark Cuban, the Dallas Mavericks, announced “Mavs Cryptomania,” which gives Dallasmavs.shop customers a $25 e-gift card if they pay with cryptocurrencies like bitcoin, ethereum, bitcoin cash, and dogecoin. The Mav’s owner has been a big proponent of crypto assets and the Mav’s was the first NBA team …
12-year-old without a bank account makes $400,000 selling ‘Weird Whales’ NFTs
Benyamin Ahmed, a 12-year-old British Pakistani boy has made around $400,000 after launching his very own non-fungible token (NFT) project, Weird Whales. The young programmer wrapped up the project featuring 3,350 programmatically-generated pixel whales during school holidays and made a small fortune after his artwork went viral on Twitter. Creative 12-year old coder “I completed …
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Vitalik Buterin proposes greater integration of Dogecoin (DOGE) and Ethereum
If Ethereum co-founder Vitalik Buterin gets his way, Dogecoin could be set for an overhaul that would see a major step forward in its evolution. With DOGE struggling to recapture its previous form from earlier on in the year, this proposal could go some way to reigniting interest in the controversial meme token. How can …
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Earn by Holding USDCoin in V2 of the BlockBank Application
sponsored BlockBank will be enabling its users to earn interest on the stablecoin USD Coin (USDC), with rates up to 60x the US national average of a traditional savings account. Best of all, your USDC is guaranteed by BlockBank, giving you complete certainty whilst you earn interest. With the BlockBank application V2 update arriving in …
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Crypto Exchange Binance Plans US IPO in 3 Years, CEO Says
Cryptocurrency exchange Binance’s U.S. arm could be going public in three years, Binance CEO Changpeng Zhao has revealed. He said that his exchange “is just going to do what Coinbase did.” Coinbase Global went public on Nasdaq via direct listing. Binance Plans to IPO in the US Within 3 Years Binance’s founder and CEO, Changpeng …
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Candidate for Mayor Promises to Make NYC the Most Cryptocurrency-Friendly City in US
Curtis Sliwa, a candidate for New York City (NYC) mayor, said that he will make his city “the most cryptocurrency-friendly city” in the U.S. if he is elected. He joins a growing list of mayors and mayoral candidates in growing cryptocurrency adoption. Mayoral Candidate Plans to Turn NYC Into the Most Crypto-Friendly City NYC mayoral …
Cardano’s Charles Hoskinson Expects Cryptocurrencies to Play Larger Role in Afghanistan
The founder of Cardano and co-founder of Ethereum, Charles Hoskinson, says that he expects cryptocurrencies to “play a larger role” in Afghanistan amid war with the Taliban forces. Charles Hoskinson Sees Cryptocurrencies Playing Larger Role in Afghanistan Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, explained in an interview with CNBC Tuesday that …
$2 Billion Crypto Fraud Bitconnect and Founder Charged — Director Pleads Guilty to Criminal Charges
The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. “The Bitconnect scheme is believed to be the largest cryptocurrency fraud ever charged criminally,” said the U.S. Department of …
Hey, hey, hey: SEC sues BitConnect over alleged $2 billion fraud
The United States Securities and Exchange Commission announced today that it has filed an action against BitConnect, its founder, and its top US promoter. In the official filing, the SEC alleges that they defrauded retail investors out of at least $2 billion by offering fraudulent and unregistered investments. The lawsuit covers the period between 2017 …
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Ex-US Prez Trump says crypto is a ‘disaster waiting to happen’
Former US President Donald Trump publicly abolished the idea of investing in cryptocurrencies, saying that they are hurting the US currency. While calling for unconditional devotion to the US dollar, Trump told Fox Business host Stuart Varney that Bitcoin (BTC) and other cryptocurrencies could unravel as potentially disastrous. Who knows what they are “I think …
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Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals
Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume of Illicit Crypto Transactions Among the world’s …
Vasyl Virastyuk, the Strongest Man on the Planet Has Tokenized Autograph With Philography Project
press release PRESS RELEASE. Vasyl Virastyuk, the strongest man on the planet in 2004 and 2007, tokenized his autograph through the innovative NFT project PHILOGRAPHY. The strongman was the first to start a partnership with PHILOGRAPHY.BIZ. He provided his original autograph to produce a limited edition of collectible NFT autographs and sell them. This is …
More Zimbabwean Artists Pivot to NFTs as Bubble Concerns Grow
A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists pivoting to the non-fungible tokens (NFT) market after his digital artwork was sold for 0.7 ethereum. The sale, which took place on the Async Art NFT marketplace, is Ndlovu’s first foray into the digital art space. NFTs an Opportunity for African Artists According …
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