Tag: News

Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain – News Bitcoin News

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Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. In a recent article published in the New York Times (NYT), the economist criticizes blockchain as a tech and its uses citing several signs that he believes precede this upcoming winter. Paul Krugman Compares Crypto Winter to Fimbulwinter Paul Krugman, the Nobel prize award winner, is warning about an upcoming eternal cryptocurrency winter for blockchain-based projects, including Bitcoin and other cryptocurrency networks. In an NYT opinion piece published on Dec. 1,…

AAX Users Storm Crypto Exchange’s Nigerian Offices, Attack Employees – News Bitcoin News

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Nigeria users of the crypto exchange AAX, which suspended withdrawals on Nov. 12, reportedly stormed its offices in Lagos and began assaulting employees. Reports that disgruntled AAX users have harassed the crypto exchange’s workers came just days after the Nigerian crypto and blockchain advocacy group asked to refrain from doing so. Meanwhile, the former vice president of AAX claimed in a tweet that the “brand is no more and trust is broken.” Disgruntled Nigerian AAX Users Told to Spare Local Employees According to a local report, a group of disgruntled…

Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware – Mining Bitcoin News

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Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry. Russian Demand for Powerful ASIC Miners Skyrockets in Q4, Report Reveals Demand for powerful computing devices designed to mint bitcoin has surged in Russia during the fourth quarter of the year, spurred by their low prices amid declining crypto markets, the Russian business…

Maxine Waters Criticized for Praising SBF — Lawmaker Says ‘We Appreciate That You’ve Been Candid’ – Regulation Bitcoin News

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Congresswoman Maxine Waters has been heavily criticized for saying that she appreciates former FTX CEO Sam Bankman-Fried (SBF) being candid in his discussions about the collapse of his crypto exchange, FTX. “SBF has not, in fact, been candid in his discussions. He committed fraud, full stop,” one critic stressed. Maxine Waters Slammed for Appreciating Sam Bankman-Fried Congresswoman Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, was slammed on social media after she tweeted her appreciation to former FTX CEO Sam Bankman-Fried (SBF) Friday. Waters is leading a…

Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats – Bitcoin News

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Tesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried (SBF) probably donated over $1 billion to support the Democratic Party, which would be a much larger sum than the number publicly disclosed. Many people slammed Musk for making accusations without providing proof. “This statement is so unbelievably irresponsible,” one commented. Elon Musk Believes SBF Donated Over $1B to Democratic Party Tesla CEO and Twitter chief Elon Musk believes that Sam Bankman-Fried (SBF), co-founder and former CEO of the collapsed cryptocurrency exchange FTX, donated much more…

Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask – Finance Bitcoin News

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Banking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users when in operations with tokens and smart contracts. Sber Bank to Provide Ethereum and Metamask Support on Proprietary Blockchain The blockchain platform developed by Sber, Russia’s largest bank, will be technologically compatible with Ethereum, the world’s largest decentralized finance (defi) ecosystem. The financial institution made the announcement during an international meeting with members of the blockchain…

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid – Mining Bitcoin News

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On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming winter and extreme peak load times. ERCOT Report Says Texas Bitcoin Mining Facilities Can Curtail Operations and Relieve 1.7 GW of Energy This Winter The American organization that operates Texas’s electrical grid, ERCOT, has published a study that shows bitcoin mining operations are instrumental in…

An Unknown Individual Signed a Message Associated With BTC Block 1,018, Reward Was Minted 16 Days After Satoshi Launched Bitcoin – Bitcoin News

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On Nov. 15, 2022, a post was created on the forum website bitcointalk.org and the thread’s creator asked people to share signatures tied to some of their oldest mined bitcoin blocks. 11 days later, a newly created bitcointalk.org profile, called “Onesignature,” shared a signed message tethered to an extremely old block reward created on Jan. 19, 2009. The key was associated with bitcoin block 1,018 which was created 16 days after Satoshi Nakamoto launched the network. Mysterious Individual Signs a Message Tied to a Block Reward Created on January 19,…

Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets – Bitcoin News

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According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Report Claims Genesis Owes the Winklevoss-Operated Exchange Gemini $900 Million FT reports that the centralized crypto asset exchange created by the Winklevoss brothers is owed $900 million and reportedly Genesis Global Capital is the debtor. People familiar with the matter told FT that Gemini was in the process of trying…

QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session – Market Updates Bitcoin News

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Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day. Quant (QNT) Quant (QNT) was trading near a multi-week high on Saturday, as prices rallied above a notable resistance point. QNT/USD rose to an intraday high of $131.95 to start the weekend, less than a day after it fell to a…