“Fort Worth, Texas, is now the first city government in the United States to mine bitcoin,” reports CNBC. “[A]nd in an almost poetic devotion to the initiative, Mayor Mattie Parker oversaw the construction of a small mining farm in City Hall.” Three Bitmain Antminer S9 mining rigs will run 24 Read more…
The Central African Republic (CAR) has approved Bitcoin as legal tender — just the second country to do so. CAR is one of the world’s poorest countries, but is rich in diamonds, gold and uranium. It has been wracked by conflict for decades and is a close Russian ally, with Read more…
A new breed of cryptocurrencies is seeking to replicate the stability of the dollar. But critics say they are a disaster waiting to happen. So-called “algorithmic stablecoins” have surged in popularity in recent months, spurring debate over whether they are good for the crypto industry. They are the edgy upstart Read more…
For nearly two years, netting a PS5, Xbox Series X, or AMD Radeon and Nvidia RTX graphics cards without paying a fortune has been a matter of luck (or a lot of skill). At its peak, scalpers were successfully charging double or even triple MSRP for a modern GPU. But Read more…
“Cryptocurrency has changed the game of cybercrime,” argues Vice’s Christian Devolu, in a new episode of their video series CRYPTOLAND. “Hackers and cybergangs have been locking down the data of large corporations, police departments, and even hospitals, and demanding ransom — and guess what they’re asking for? Cryptocurrency!” In short, Read more…
As Washington attempts to get its arms around the rapidly growing cryptocurrency industry, policy makers in the Biden administration and on Capitol Hill have identified stablecoins as an initial target for tighter regulation. Often billed as one-to-one representations of a currency like the dollar, stablecoins have recently exploded in popularity Read more…
Peter Thiel, the co-founder of PayPal, has accused a “finance gerontocracy” including Warren Buffett and Jamie Dimon of hindering bitcoin’s progress. The outspoken libertarian tech investor described multibillionaire Buffett, the world’s richest investor, as the “sociopathic grandpa from Omaha” in a keynote address at the Bitcoin 2022 conference in Miami Read more…