A meeting between Elon Musk, a few top Bitcoin miners, and CEO of Microstrategy Michael Saylor took place over the weekend in hopes of forming a Bitcoin Mining Council. The meeting had focused on forming an organization to initiate reporting standards and ESG goals on Bitcoin mining to promote sustainability. The forming of a Bitcoin Mining Council would “standardize energy reporting, pursue industry ESG goals, and educate and grow the marketplace” according to Saylor.
Blog Archives for Cryptocurrencies
Here you can see all the recent blog posts about Cryptocurrencies.
Internet Cafe Owners Making the Switch to Crypto Mining During Pandemic
As the economic crisis continues to shut down businesses everywhere, many struggle to find new ways to stay profitable, except these guys. Thinking Outside the Box They say when one door closes, another one opens and outside the box thinking has become a necessity for many business owners during the pandemic. For some, cryptocurrency has […]
Competitive BTC Gambling a Reality With Playstation Thanks to New Patent
Sony is always looking for an edge and believes they have found one as they reveal filing a new system patent on BTC betting in 2019, to be implemented in more consoles than its own. Gambling or Wagering in Esports Competitions The electronics giant, already dominating the console industry with a massive 66.7% market share, […]
Facebook Turns the Page to Reveal Plans for New Diem Digital Currency
The online social networking platform Facebook has announced its plans for launching its new Diem digital currency project in early 2021, which will eventually be launched in two sets consisting of a multi-currency coin and the other in the form of stablecoins pegged to the U.S. Dollar and the Euro. The Diem digital currency is intended to revolutionize the fintech space and allow money transfers to be performed as easily and as seamlessly as sharing photos and other media on the web. It has also been said that the transfer fee for Diem will be very cheap, which will surely attract a great number of new users and see the currency experiencing high trade volumes.
Crypto Twitter in Uproar After Tesla Does a 180 – Suspends BTC as Payment
Citing concerns about the environmental effects from mining and transactions lead to Elon Musk pulling the plug on crypto. Times Have Changed It wasn’t that long ago when Elon Musk sent out his breaking news tweet about how Tesla was opening up the gates for crypto and would begin accepting Bitcoin as payment. In fact, […]
The new “eco-friendly” Chia crypto claims to be a greener alternative to Bitcoin
It’s been a very exciting and action-packed year for cryptos. Skyrocketing prices and news headlines have drawn major attention as the crypto industry finds its place in the world. Just over a month ago, the total crypto market cap exceeded $2 trillion, which goes to show just how much growth has been taking place within […]
Doge howls at the moon as SpaceX announces the first crypto-funded lunar mission
The self-proclaimed “Dogefather” and CEO of Tesla inc. Elon Musk, had tweeted in April that he will be putting a “literal Dogecoin on the literal moon”. Musk himself has stated that not everything he says should be taken too seriously, but this tweet was clearly no joke. The “DOGE-1 Mission to the Moon” will be launched in the first quarter of 2022, with SpaceX, Musk’s commercial rocket company, accepting Dogecoin as payment to fund the mission.
South Korean Crypto Exchange Accused of $214m MLM Fraud Raided by Police, Gangnam Style
South Korean Authorities are known for not pulling any punches and this time it has decided to crack down hard on a domestic crypto exchange, allegedly trying to pull off a scam, robbing investors of nearly $214 million. Oppan Gangnam Style South Korea has a strict policy regulating multi-level-marketing projects so with a fresh court […]
JPMorgan Doesn’t Care About Bitcoin but 40% Of People Plan on Using It
CEO Jamie Dimon confirms his stand on cryptocurrency but the bank itself is making moves. At the same time, Mastercard reveals high crypto-interest among clients. After sharing his strong opinion on Bitcoin being a fraud back in 2017, JPMorgan CEO Jamie Dimon expects to receive even more of a backlash after his latest controversial statement, […]
TikToker’s mockery crypto coin blew up to a $70m market cap in first hour
From Dogecoin and Garlicoin, to SCAM coin, don’t joke around with cryptocurrency creations because your parody coin could have a market cap of $70 million within the blink of an eye. This has been the case for Andre Lewis’ ‘prove a point’ cryptocurrency. What started out as a “middle-finger” to exploitative ‘shitcoins’ has gained monumental traction for this inexperienced crypto founder.