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As a digital commodity that credibly enforces monetary policy, bitcoin is an asymmetric bet in a world gone mad.
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, Dylan LeClair of Bitcoin Magazine Pro discusses the asymmetric bet that is bitcoin.
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This Labor day, we should not forget the importance of protecting the value of the workforce, now reinforced by Bitcoin.
This is an opinion editorial by Robert Hall, a content creator and small business owner.
Organized labor gave power to the people to fight big business and secure their workplace rights. Bitcoin gives power back to the people to protect these rights once and for all.
Labor Day is typically a time to relax with your friends and family, grill up some hot dogs and enjoy much-needed downtime before the holidays kick into overdrive. While this has come to represent the contemporary meaning of Labor Day, its origin stems back more than a century.
DoNotPay CEO Joshua Browder joined CoinDesk TV’s “First Mover” to discuss how retail investors can file claim suits against Celsius Network to attempt to recover their assets as the lender faces insolvency.
CoinDesk
We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. Hydropower plants, for example, can generate and sell much more electricity during rainy seasons in some regions or when snow melts in others. Wastage can be mitigated through a symbiosis with bitcoin farms, at no additional cost for the environment.
The highly-anticipated Crypto Power Lunch between billionaire bitcoin skeptic Warren Buffett and Tron CEO Justin Sun has expanded to include Circle CEO Jeremy Allaire. Sun invited Allaire to his July 25 lunch on Twitter, and Allaire cheerfully accepted. “Hi Justin, I would be honored to join you and Warren Buffett next week to discuss crypto!! […]
The post Warren Buffett Crypto Power Lunch Adds Circle CEO Jeremy Allaire appeared first on CCN Markets
The Cambridge Centre for Alternative Finance has released an index of sorts devoted to macro data about Bitcoin, all of it relating to electricity consumption. Tree Huggers Take Solace Historically, one great objection to Bitcoin has been its perceived large-scale energy consumption. Some question the logic of building out an entirely new system when the […]
The post Bitcoin’s Energy Use Isn’t Crazy, Rivals Switzerland’s Power Consumption appeared first on CCN Markets
“Social money” startup Roll raised a $ 1.7 million seed round from BitMEX CEO Arthur Hayes, Gary Vaynerchuk and Techstars.
CoinDesk
By CCN Markets: You might think that Tyler Winklevoss has gotten ahead of himself by predicting the bitcoin price could cross $ 15,000 if it surpasses the $ 10,000 level. That is unless your name is John McAfee, in which case that forecast is absurdly low. McAfee is doubling down on his bullish price prediction, saying that BTC $ 100,000 will open the floodgates for the cryptocurrency to power higher to $ 1 million. Unfortunately for the Winklevii, that wasn’t the end of the trolling. McAfee took it a step further by tweeting an image of “Bitcoin Billionaires” with a personal message from the
By CCN Markets: The stock market is close to record-setting highs, yet one Wall Street strategist says don’t believe the Fed hype. UBS Group’s head of equity strategy, Francois Trahan, has a warning for investors – the Fed doesn’t pack quite the same punch as it used to. According to Trahan cited in CNBC, the “Fed Put” on the stock market, which Haas School of Business at the University of California, Berkeley describes as “strong accommodation following poor stock returns,” is no longer a reliable gauge. “When it comes to U.S. stocks, the Fed put is dead. In the past
By CCN Markets: Give Facebook Co-Founder Chris Hughes a lot of credit. He not only has made comments that could make him less wealthy, but he’s also doubled down on them. Specifically, Chris Hughes believes that his “friend” Mark Zuckerberg has too much control over speech. Zuckerberg Is a Scary Master of the Universe In a May op-ed in the New York Times, Chris Hughes wrote: “The most problematic aspect of Facebook’s power is Mark’s unilateral control over speech. There is no precedent for his ability to monitor, organize and even censor the conversations of two billion people.” Chris Hughes is
By CCN Markets: Tron CEO Justin Sun will be accompanied by Litecoin creator Charlie Lee on his $ 4.6 million crypto power lunch with billionaire bitcoin skeptic Warren Buffett. Sun revealed on Twitter that he’s thrilled to invite his “good friend Charlie” as his first guest at his July 25 lunch with Buffett. Sun says he’ll announce other friends who will join him soon. Crypto Twitter Approves of Justin’s Lunch Companion Sun was barraged with kudos on his selection. Many agree that the affable Lee is an excellent choice of crypto ambassador on this epic lunch. Twitter user “Tommy Mustache” reacted
A bar in Japan is teaming up with a locally-based lightning startup to let customers pay using the experimental payments network.
CoinDesk
Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($ 0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines over the Iranian border has proven to be far more difficult.
Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH
This article was originally published by 8btc and written by Lylian Teng.
Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
With the rapid downfall of bitcoin prices in late 2018 and increasing electricity bills, Chinese mining investors are looking for alternative places to sustain their businesses. The tightened regulations on cryptomining in the country, for the risk of crypto speculation and concerns about energy usage, urge them to speed up their relocation.
The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users.
Bitcoin hardware and software is often more configurable than people realize (or they do realize this but are unable to take advantage of it). Spread throughout the conference were 18 demos by leading Bitcoin developers and experts illustrating how to make the most out of available Bitcoin tools.
For your convenience, here is an overview of all of the demos:
The blockchain organization Bloq Labs has introduced a beta version of a new software suite for cryptocurrency miners called Titan. Bloq co-founder Jeff Garzik announced the project at the recent Binance conference in Singapore and claims the protocol can maximize a mining machine’s hashrate by double digits with thoughtful configuration and dynamic adjustment.
Also read: An In-Depth Look at the Trezor Model T Hardware Wallet
One problem that concerns many is the centralization of mining within the Bitcoin ecosystem. Fortunately, there are talented developers working to solve this problem and Matt Corallo, full-time Bitcoin developer at Chaincode Labs, is one of them. His BetterHash Mining Protocol is intended to significantly decrease the problems associated with mining pool centralization.
First, it is important to understand there are different types of miners on the network. For the purpose of this article, we’ll refer to a “solo miner” as someone who mines alone, a “hasher” is someone who mines in a mining pool, and a “pool operator” controls the mining pool.
A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions.
The post Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless appeared first on CCN
An Australian blockchain-based peer-to-peer electricity trading startup is on the receiving end of criticism for rewarding bounty hunters who used unscrupulous means to drive interest in its crypto token. According to the Financial Review, Power Ledger has been criticized for allocating free tokens to bounty hunters who made exaggerated or false claims regarding the startup
The post Australia: Crypto Startup Power Ledger Takes Flak for Rewarding Rogue Bounty Hunters appeared first on CCN
Aelf is a project which could ultimately change the way we view blockchain infrastructure. CCN spoke to Zhuling Chen, MIT graduate and co-founder of Aelf, who sincerely wants to create a developer and consumer friendly blockchain operating system with high reliability. A privately offered ICO has funded its development thus far in order to remain
The post Exclusive: Aelf’s Zhuling Chen on The Power of Multi-Blockchain Architecture appeared first on CCN
