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.
Altcoins moved higher while a lack of buy volume prevented Bitcoin and Ethereum price from breaking out after the completion of a bullish inverse head and shoulders pattern. On May 26 the the bullish momentum that had propelled Bitcoin and altcoins into a relief rally was somewhat subdued as traders remain unsure of what may happen next. After an early morning attempt by Bitcoin bulls to drive (BTC) price above $40,000 was met with stiff resistance, the digital asset lost momentum and slumped back to the $38,000 support level. BTC/USDT 4-hour chart. Source: Despite the continued struggle, a few positive signs like […]
What Happened: The Tesla Inc (NASDAQ:TSLA) CEO took to Twitter to address his preference for meme-based cryptocurrency Dogecoin (CRYPTO: DOGE) over “more advanced alternatives” like Ethereum (CRYPTO: ETH) and Cardano (CRYPTO: ADA). Doge has dogs & memes, whereas the others do not — Elon Musk (@elonmusk) May 25, 2021 Musk reasoned that “Doge has dog memes, whereas others do not” when asked why he chose Doge over other cryptocurrencies that are trying to scale with low fees. Why It Matters: Musk’s response on Twitter was part of a post calling Dogecoin developers to submit ideas on Github to further the development […]
A cryptocurrency billionaire seems to have made one of the largest contributions to save lives in India from the coronavirus pandemic: Over $1 billion. But as there so often is in the world of cryptocurrency, there is a massive catch. And it’s a catch that over the next few years will likely come up again and again and again as crypto billionaires ascend to become major players in the world of philanthropy. Here’s what happened: Vitalik Buterin, the 27-year-old programmer who founded the cryptocurrency Ethereum, disclosed on Wednesday that he had contributed about $1.5 billion worth of coins to nonprofit […]
Billionaire investor Mark Cuban has made an investment in Polygon, a layer 2 Ethereum scaling solution whose MATIC token has soared in value. This content was originally published here.
Cryptocurrency prices on Monday were climbing, reversing last week’s tumble. Bitcoin, the world’s largest cryptocurrency, was up 5.8% to $37,720 in premarket trading. Ethereum rose 5.7% to $2,408, while Dogecoin advanced 5.8% to 34 cents, according to Coingecko. Cryptocurrency prices tumbled last week following a statement from the People’s Bank of China that the digital coins weren’t “real currencies” and amid a general market pullback. China reiterated a call for a crackdown on Bitcoin mining and trading, as the world’s second-biggest economy sought to ward off financial instability. Meanwhile, Coinbase Global (COIN) shares were climbing nearly 3% Monday after analysts at […]
Users and developers of the world’s most-used blockchain have been wrangling with its carbon-footprint problem for as long as it’s been around. Now, they say, several recent breakthroughs will finally enable them to drastically cut energy use in a year or less. Ethereum and better-known-rival Bitcoin both operate using a proof-of-work system that requires a global network of computers running around the clock. Software developers at Ethereum have been working for years to transition the blockchain to what’s known as a proof-of-stake system — which uses a totally different approach to secure the network that also eliminates the carbon emissions […]
Less than a week after donating over $1 billion in cryptocurrency to the India Covid Relief Fund and a range of other charities, the world’s youngest known crypto billionaire has burned over US$6.7billion ($9.29 billion) worth of the Shiba Inu coins. Ethereum co-founder Vitalik Buterin sent a whopping 410,241,996,771,871.894771826174755464 coins to a dead wallet address – effectively destroying them and now accounting for 41 per cent of the total SHIB in circulation. “I’ve decided to burn 90 per cent of the remaining Shiba tokens in my wallet,” Buterin – whose holdings in SHIB were gifted to him by the coin’s […]
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 […]