Tag: mining

Let’s take a look at some of the most common cryptocurrency lingo, invites Kim Komando from FOX News. Despite Bitcoin launching way back in 2009, it’s only until recently that you can’t turn on the news or browse the web without coming across some mention of cryptocurrency. I got so many questions from my readers…

Game publisher Electronic Arts (EA) has told investors that collectible NFTs are “an important part of the future of our industry.” EA’s CEO sees promise for tracking in-game collectibles and “play-to-earn” schemes. During an earnings call this week, EA boss Andrew Wilson referred to NFTs and blockchain gaming as an “important part about the future…

Jack Dorsey wants to build a single system that can improve accessibility to Bitcoin mining and further decentralize the BTC network. According to Twitter and Square CEO, his new Bitcoin mining system would be ‘more decentralized’ and accessible to individuals and businesses around the world. Dorsey revealed his intentions in a series of tweets posted…

The Biden administration is reportedly planning a wide range of crypto oversight and might issue an executive order for the agencies regarding it. The Executive order might be aiming to combat the growing threat of ransomware attacks like the Colonial Pipeline incident and other cybercrime associated with crypto-assets. Reuters reported, the US National Security Council…

Cryptocurrency mining and maintaining the work of blockchains in general are associated with high electricity consumption. Often this energy comes from burning fossil fuels, which causes great harm to the environment. There are two ways out of the situation: either using green energy or switching to PoS en masse. Recently, Bloomberg reported that electricity consumption…

Coinbase has informed more than 6,000 customers that they have been hacked. The hackers used an unusual vulnerability in the SMS account recovery process, which gave them access to personal information and wallets. The American crypto exchange already said that all customers affected will have the stolen assets refunded automatically. According to the letter posted…