Tag: News

Criticism Against the New York Times Mounts as Newspaper Is Accused of Killing 59 Million Trees Annually – Bitcoin News

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After the New York Times (NYT) published an editorial about bitcoin mining, claiming the industry is harmful to the environment, an organization called Stop the Presses took issue with the Times’ paper usage. Stop the Presses launched a social media campaign against the NYT’s newspaper production. The organization’s website, nytimesup.org, alleges that the company “kills approximately 59 million trees per year.” Activists Blast New York Times Over Physical Newspaper Print Production On April 10, 2023, the New York Times faced criticism for publishing a one-sided “hit piece” on bitcoin mining.…

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide – Bitcoin News

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In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto Assets as ‘Property’ That Can Be ‘Held on Trust’ According to a summary of the ruling published on April 18, 2023, judge Linda Chan in Hong Kong has classified crypto assets as “property.” The decision…

Gold Slides on Higher US Treasury Yields, Dollar – Bitcoin News

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Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on Another Rate Hike in May Gold prices dropped more than 1% on April 19 on higher U.S. yields and a more expensive dollar, with a number of investors now convinced that the United States Federal Reserve is likely to postpone…

Space and Time and Microsoft Make Blockchain Data Accessible on Azure Marketplace – Press release Bitcoin News

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press release PRESS RELEASE. Seattle, WA, April 19, 2023 — Space and Time and Microsoft announce that developers can now deploy the Space and Time data warehouse directly from the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. The one-click deployment provides customers with an accelerated on-ramp to easily access, manage and perform analytics on blockchain-native data. As a leader in intelligent computing and AI, Microsoft is committed to supporting its customers and partners with their business needs, including Web3 scenarios and use cases.…

DOGE Loses Five Days’ Worth of Gains on Wednesday – Market Updates Bitcoin News

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Dogecoin saw a five-day winning streak snapped on Wednesday, with today’s drop engulfing recent gains. The meme coin fell by as much as 6% in today’s session, as sentiment in the crypto market shifted. Solana was also lower, plunging by 9%. Dogecoin (DOGE) Dogecoin (DOGE) plunged on Wednesday, as bears entered the market, snapping a five-day win streak in the process. Following a low of $0.0853 last Friday, DOGE/USD surged to a peak of $0.0950 during yesterday’s session. These gains were wiped today, as the meme coin fell to a…

Musk to Launch ‘Truthgpt,’ Says Microsoft-Backed Chatbot Is Trained to Lie – Technology Bitcoin News

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Tech investor Elon Musk intends to develop an artificial intelligence (AI) platform that will be “truth-seeking” and safe for mankind. Admitting he is starting late, the billionaire nevertheless vowed to try to present a “third option” that will challenge the products of giants Microsoft and Google. Elon Musk Slams Microsoft-Funded Openai, Google Founder for AI Approach Entrepreneur Elon Musk announced he plans to create his own AI that will rival the offerings of tech giants. The new platform, which he referred to as “Truthgpt,” should try to understand the universe…

BTC Nears Breakout Below $29,000 on Wednesday – Market Updates Bitcoin News

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Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $29,000 level earlier in the session. Ethereum also declined, falling below $2,000. Bitcoin Bitcoin (BTC) moved lower on Wednesday, as markets began to consolidate following recent gains in price. Following a high of $30,470.30 on Tuesday, BTC/USD dropped to a bottom at the $29,102.17 mark earlier in the day. The low sent bitcoin to its lowest point since April 10, which…

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements – Finance Bitcoin News

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Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The Central Bank of Russia (CBR) is developing payment gateways with foreign payment systems and is actively working with Turkey in this area, Governor Elvira Nabiullina said at a meeting with lawmakers in the State Duma,…

CoinEx Charity’s Effort to Support Education Is Appreciated by Kacuv – Press release Bitcoin News

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press release PRESS RELEASE. Recently, CoinEx Charity has kicked off its second educational welfare program in Türkiye. In the first program, all the students receiving donations have continued their studies in the new semester. Since last year, CoinEx Charity has participated in the Umudum Scholarship Program initiated by the local charity organization Kacuv in Türkiye, offering support in tuition to 50 local impoverished students. The Umudum Scholarship Program provides scholarships for students in preschools, primary schools, secondary schools, and universities in Türkiye who need financial support to continue their studies.…

Chip Giant Intel Abandons Bitcoin ASIC Production – Bitcoin News

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After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 Series ASIC In February 2022, the California-based technology company Intel made headlines when it announced its plan to create “energy-efficient accelerators,” or ASIC technology, to contribute to the development of blockchain technologies. Later that month,…