“When people talk about crypto mining the first thing usually mentioned is the amount of electricity it uses,” writes Slashdot reader quonset. “What few realize is how loud rack after rack of servers and fans for cooling running 24/7 can be. The people of Murphy, North Carolina found out, and Read more…
Bitcoin’s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. CoinDesk reports: The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has Read more…
The U.S. Securities and Exchange Commission (SEC) alleged crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit filed late Thursday. The investment regulator took aim at Gemini Earn, the troubled yield-bearing product that hundreds of thousands of U.S. investors entrusted with their crypto. Gemini Read more…
Last month, a young woman went to work at Sarzamineh Shadi, or Land of Happiness, an indoor amusement park east of Iran’s capital, Tehran. After a photo of her without a hijab circulated on social media, the amusement park was closed, according to multiple accounts in Iranian media. Prosecutors in Read more…
The collapse of crypto exchange FTX sparked a run on Silvergate Capital, forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Crypto-related deposits plunged 68% in the fourth quarter, the bank said in an early release of some quarterly results. To satisfy Read more…
“Cryptocurrency went through a transformation in 2022,” writes CNN, noting that its peak price last year occurred on January 1 of 2022, at over $47,000: Since then, the asset — along with other cryptocurrencies — has seen a steep fall in price, remaining well below $20,000 since early November…. [Current Read more…
Demand for graphics cards significantly increased during the pandemic as some people spent more time at home playing games, whereas others tried to mine Ethereum to get some cash. But it looks like now that the world has re-opened and Ethereum mining on GPUs is dead, demand for desktop discrete Read more…