May 2021 / 65 posts found

Nvidia nerfs Ethereum mining on new GeForce RTX 3060 Ti, 3070, and 3080 GPUs | PCWorld

by crypto journalist
The current graphics card landscape may be a barren wasteland, but there is a glimmer of hope on the horizon. On Tuesday, Nvidia announced that the mining hash rate limiter introduced alongside the GeForce RTX 3060 will now be rolling out to newly manufactured RTX 3060 Ti, RTX 3070, and RTX 3080 as well, via a new “Lite Hash Rate” series starting in mid-May. (The work hard, play hard GeForce RTX 3090 will not be receiving a nerf, however.) Gaming performance shouldn’t be affected. “We believe this additional step will get more GeForce cards at better prices into the hands […]

The Creator Of Ethereum Was Unwittingly Gifted Half Of A Dog Meme Cryptocurrency. That Gift Is Now Worth $14 Billion | Celebrity Net Worth

by crypto journalist
A couple of years ago, the idea that anyone would ever become a billionaire from cryptocurrency would have sounded like pure lunacy. Today there are at least a dozen known individuals, including the Winklevoss twins, who are officially billionaires thanks exclusively to their crypto holdings. The latest entrant to the crypto billionaire club is Ethereum co-creator Vitalik Buterin. Vitalik Buterin owns around 333,000 Ethereum coins. As of this writing, a single Ether coin will cost you around $4,100. So Vitalik’s stash of 333,000 are officially worth… $1.4 billion Yet that’s not the number you see right now on Vitalik’s public […]

As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains – Markets and Prices Bitcoin News

by crypto journalist
As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have actually done well after the recent Tesla controversy. Distributed ledgers that use delegated validation nodes and proof-of-stake (PoS) blockchains have made double-digit gains in recent days. Green Energy Gains: Cardano, Polkadot, and Polygon Shine As […]

Tesla (TSLA) Elon Musk U-Turn: Bitcoin (BTC USD) Cryptocurrency Price Reacts – Bloomberg

by crypto journalist
Cyptocurrency enthusiasts got a nasty shock Wednesday when Elon Musk, founder of Tesla Inc. and the second-richest person on the planet, announced on Twitter that his automaker wouldn’t accept payment in Bitcoin any more due to environmental concerns. After all, this is the same man who just a few months earlier said Tesla bought into Bitcoin, to the tune of $1.5 billion. He tweeted “True” in response to a thread citing research that mining the token might actually spur the uptake of renewable energy, from Ark Investment Management LLC. Bitcoin mining is known to be energy-intensive, with the industry prizing […]

Elon Musk Implies Tesla May Sell or Has Sold Bitcoin Holdings – Bloomberg

by crypto journalist
Elon Musk continued to whipsaw the price of Bitcoin, sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings. Bitcoin tumbled almost 10% to below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. The online commentary was the latest from the mercurial billionaire in a week of public statements that have […]

Ethereum Vitalik Buterin Shiba Inu Cryptocurrency Donation India Covid Fund – Bloomberg

by crypto journalist
When Vitalik Buterin, one of the creators of the cryptocurrency Ethereum, donated more than 50 trillion Shiba Inu coins ($1 billion) into an aid fund for Covid-ravaged India, it raised more concern than relief in the crypto-wary nation. Not only did the contribution — more than 5% of total Shiba Inu coins in circulation — send prices plummeting by 50%, it also created questions about how to use the currency in a country that strictly monitors foreign inflows and where the central bank has voiced “major concerns” about cryptocurrency in general, forget about a memecoin. Sandeep Nailwal, a cryptocurrency entrepreneur […]

Musk’s Bitcoin Concerns Sink MicroStrategy, Crypto-Linked Stocks – Bloomberg

by crypto journalist
Stocks across the globe that were linked to cryptocurrencies fell in line with the slump in Bitcoin, after Tesla Inc. Chief Executive Officer Elon Musk expressed concerns over its energy usage. Bitcoin plunged as much as 15%, sinking to as low as $46,045 after Musk said he was worried over the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” and suspended Tesla purchases with the asset, indicating he might favor other cryptocurrencies with much lower energy usage. The knock-on effects spread to stocks worldwide that are linked to Bitcoin. Coinbase Global Inc., the operator of the largest […]

Tesla (TSLA) Bitcoin: Elon Musk Ignored Crypto Mining’s Dirty Reality – Bloomberg

by crypto journalist
When electric carmaker Tesla Inc. said in February it would buy $1.5 billion worth of Bitcoin and start accepting it as payment, billionaire boss Elon Musk had little to say about the cryptocurrency’s wasteful energy consumption — despite the obvious inconsistency with his firm’s green credentials. And when fellow Bitcoin bulls Jack Dorsey and Cathie Wood last month backed a report claiming that combining cryptocurrency mining and renewable-energy projects could be good for the environment, Musk praised the paper as “true,” even though its optimistic and overconfident assumptions smacked of greenwashing. So while it’s an encouraging development to see Musk’s latest […]

Musk tweets, doge leaps and bitcoin retreats | Reuters

by crypto journalist
Bitcoin was pinned near its lowest in more than two months on Friday and headed for its worst week since February, while dogecoin leapt by a fifth as tweets from Tesla boss Elon Musk sent the two cryptocurrencies on a wild ride. Markets have gyrated to Musk tweets for months since his interest in dogecoin sparked a hundred-fold rally in the previously ignored token’s value this year, while Tesla’s $1.5 billion bitcoin purchase helped it break past $50,000 in February. Yet in an equally surprising U-turn he dented the world’s biggest cryptocurrency this week after announcing Tesla stopped accepting bitcoin […]

Alt season rush: Ethereum and DeFi get in shape for another hot summer

by crypto journalist
Altcoins like Ether (ETH), Dogecoin (DOGE) and Ethereum Classic (ETC) are spearheading a new alt season that seems to have taken off with a bang. Since a rising tide usually lifts all boats, there are several other cryptocurrencies that are benefiting from this growing interest in altcoins. Ether, however, may be the one generating the waves. The price of ETH, the flagship altcoin, increased more than 65% over 30 days to finally break through the $3,500 barrier on May 6. This takes the yearly gains for the token to over 1,500%, as it was trading in the $215 range this […]