San Jose Sharks has become the first NHL team to accept cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) for large payments. What Happened: Jonathan Becher, the president of San Jose Sharks, said on Twitter that his team will initially accept cryptocurrency for season ticket purchases, suite leases and sponsorship deals. Becher added that using cryptocurrency for smaller purchases such as single-game tickets, food and beverage, and merchandise will be reviewed in the future. Initially we’ll accept cryptocurrency for season tickets, suite leases, and partnerships. Other use cases – including single-game tickets, F&B, and merch – will be […]
Institutional investors are increasingly bearish on Bitcoin (BTC) and have withdrawn $141 million from investment products linked to the cryptocurrency … This content was originally published here.
It’s not often we dive into updates on specific cryptocurrency algorithms here at PC Gamer, but this one could have a material impact on our humble hobby. While the relationship between Ethereum—the most popular crypto for GPU mining—and PC gaming has been, uh, rocky at the best of times, that could be all about to change. Ethereum is looking to shift to a proof-of-stake model within months, the Ethereum Foundation has said, and that brings with it some major changes to how the cryptocurrency operates fundamentally. Today, Ethereum uses proof-of-work to shift transactions and generate new Ether, which is the […]
Ethereum (ETH) co-creator Vitalik Buterin answered in the affirmative when asked if the cryptocurrency markets were in a state of a bubble in a CNN interview Thursday. What Happened: On the frothy nature of the cryptocurrency markets, Buterin emphasized that it is “notoriously hard to predict” when bubbles will pop. “It could have ended already,” Buterin said — adding, “It could end months from now.” Buterin noted that there have been three “big crypto bubbles so far.” He said, “the reason the bubbles end up stopping is because some event happens that just makes it clear that the technology isn’t there yet,” […]
Ethereum (ETH) co-creator Vitalik Buterin said he loves Dogecoin (DOGE) and has suggested collaboration between the meme cryptocurrency and Ethereum for scalability. What Happened: Speaking on the Lex Fridman Podcast, Buterin said he definitely does not “fear the Doge” and in fact, loves the cryptocurrency and holds some coins. He added that Ethereum accepts Dogecoin every year for its annual Devcon conferences. Buterin feels that the challenge basically for scalability of Dogecoin is that just increasing the parameters without doing anything else makes it more difficult for people to validate the chain. He noted that the blockchain would likely become centralized and vulnerable to all […]
Ethereum (ETH) co-creator Vitalik Buterin penned a blog post Sunday, explaining why Tesla Inc (NASDAQ:TSLA) CEO’s vision for Dogecoin (DOGE) may encounter technical roadblocks. What Happened: Buterin said there were “important” but “quite subtle technical factors” that limit blockchain scaling. The cryptocurrency co-creator referenced a tweet by Musk that touched on DOGE’s emergency as a leader among cryptocurrencies should it implement certain changes. Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down. — Elon Musk (@elonmusk) May 16, 2021 Buterin explained why it is difficult to make “Musk’s wishes” come true […]
The seemingly unstoppable rise of Bitcoin continued with the cost of a single unit of the digital currency rising above $50,000 for the first time. The cryptocurrency market suffered major losses early Wednesday as prices tumbled among major coins. Bitcoin, the most popular coin hovered around $31,000 per coin at 9 a.m. Just a week ago, it was valued at more then $55,000. Its downward trend began shortly after Tesla CEO Elon Musk announced the electric vehicle manufacturer would no longer be accepting Bitcoin, FOX Business reported. On Wednesday, the China Banking Association warned its members of the risks associated […]
Kraken, one of the oldest crypto exchanges, is bringing its mobile app to the U.S., following its European debut earlier this year. This content was originally published here.
A Canadian electric car can now double as a cryptocurrency mining device for Bitcoin and Dogecoin. What Happened: Daymak Inc, a Canadian electric vehicle manufacturer, has announced that its upcoming Spiritus electric car would be capable of mining cryptocurrencies while parked. The Daymak Spiritus will utilize the company’s patented Daymak Nebula cryptocurrency infrastructure to mine cryptocurrencies, making it the first car in history with mining hardware and cryptocurrency technology programmed into the user interface. How It Works: According to the company, every Spiritus vehicle will be a node on the blockchain and will include Daymak Nebula Miner and Nebula Wallet. Spiritus is […]
At 27 years old, Vitalik Buterin became the billionaire thanks to his creation: the cryptocurrency Ethereum. But he is aware that the bubble will burst at any moment, if it hasn’t already. This content was originally published here.