Day: November 4, 2021

Day 4 of Kleiman v. Wright: Craig Wright’s Testimony Delayed

Craig Wright – the Australian computer scientist best known for his widely disputed claim to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin – is now expected to testify in a Miami court on Monday. Wright was initially slated to testify Thursday, according to an earlier schedule drawn up for the jury by Judge Beth Bloom of the U.S. District Court for the Southern District of Florida. However, Wright’s defense team’s questioning of Ira Kleiman, the plaintiff in the case, went all day Thursday and is expected to spill over…

US Senator Proposes Congress Adopt Cryptocurrency for Payments – Regulation Bitcoin News

U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator Pushes for Crypto Adoption in Congress U.S. Senator Ted Cruz has introduced a resolution titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also referred to as “ACCEPT Resolution,” in the Senate Monday. The resolution proposes cryptocurrency be accepted at “restaurants, vending machines, and…

The Bitcoin Mining Interview With Nic Carter

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is a must see for anyone who wants to learn about Bitcoin Mining. SoFi is the exclusive partner app of The Best Business Show. Visit for more info and start investing today The Best Business Show Is LIVE 11AM-1PM EST Monday – Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! Pomp writes a daily letter to over 185,000 investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on…

Mythical Games announces $150M raise as the company expands into NFTs

Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen General Partner Arianna Simpson said in a statement: “Co-Founders John, Jamie, and Rudy have a wealth of experience in the gaming world, and have built a world-class team to support their vision. We’re thrilled to partner with them to…

Colombian exporter developing cryptocurrency to help transport long-horned beetles to Japan

As reported by Reuters Thursday morning, Tierra Viva (“Alive Earth”), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, the Hercules, Neptunus, and elephant beetle species exported by Tierra Viva have a retail price of $300 a pair in Tokyo. The beetle species are popular among Japanese schoolchildren and collectors. Carmelo Campos, chief programmer of Tierra Viva, said the following in an interview with Reuters: It’s an alternative to be able to…

“PlugWalkJoe” indicted for $784k cryptocurrency theft scheme

Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities believe O’Connor utilized SIM swap attacks (an artifice of fraud where 2FA phone calls and text messages are rerouted to a device controlled by the scammer) on three separate executives at an undisclosed cryptocurrency company to take control of their employers systems. O’Connor…

Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar

High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction. It’s kind of absurd.”  Fast forward to November 2021 and the simple act of approving a token so that it can be transacted on Uniswap can cost as much as $50 worth in Ether (ETH)  depending on the time of day. Average Ethereum gas cost. Source: Etherscan Even layer-2 solutions,…

How To BUY Mining Rig Parts Now? November 2021 Edition

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mining Rig #1 Part List: 1: Asus Prime Z590-V Motherboard: 2: Intel Pentium G6400: 3: Corsair Vengeance 2x 8GB Ram Kit: 4: m.2 to PCIE Adapters: 5: Kingston 240GB SSD: 6: USB to SATA Adapter: 7: Mining Frames: 8: PCIE Risers: 9: PCIE Splitters: 10: EVGA 1300 P+ Platinum PSU: or Parallel Miner PSU Kit: 11: GPUs Available on Amazon? 12: Power Button: Mining Rig #2 CPU Mining Part List: 1 – MSI X470 Gaming Plus Max: 2 – Ryzen 3900x: 3…

Indiana’s Star Bank Launches Bitcoin Trading Services – Finance Bitcoin News

Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through the New York Digital Investment Group and Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star Mobile Banking App. ‘First Bank in the State of Indiana to Offer Bitcoin Trading Services’ Star Financial Bank (Star Bank) announced Tuesday: Star is excited to offer customers the ability to buy and sell bitcoin via the Star…

Spain’s Central Bank Requesting Financial Institutions to Outline Crypto Plans Until 2024: Report

Banco Santander, Spain’s largest bank, will be offering crypto exchange-traded funds (ETF), Santander’s Executive President Ana Botin said on Oct. 14 in a Bloomberg TV interview. “We have been quite slow in adopting that, because of compliance and regulatory and risk appetite,” Botin said. “But we are now getting into it.” When asked if Santander’s customers were asking to buy bitcoin, the executive said yes. Source