We thought the carnage was over for popular decentralized finance, or DeFi, staking protocol Compound, but as it turns out, millions more than we thought are at risk. About $162 million is up for grabs after an upgrade gone very wrong, according to Rob…
Ukraine’s crypto legislation is a step in the right direction
With corruption, unlawful asset seizures by politicians and the collapse of several of Ukraine’s prominent banks, it is only reasonable that the decentralized nature of Bitcoin appeals to the people.
Paying For Taco Bell With Dogecoin May Be Soon Be a Reality
An anonymous reader quotes a report from Bloomberg: How about paying for your Taco Bell order with Dogecoin? Or some of Whole Food’s avocado ice cream with Bitcoin. That’s the goal of a new partnership between crypto payment processor BitPay and Verifo…
Crypto liquidity is ready to eat cross-border payments’ lunch
Traditional foreign exchange companies will need to change their revenue models, which currently rely heavily on transaction fees, or risk becoming obsolete.
As Environmental Criticism Mounts, Bitcoin Miners Eye Nuclear Power
“Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity to spare,” reports the Wall Street Journal:
The matchups have the potential to solve key is…
26,000 and Counting: America is Installing Hundreds More Bitcoin ATMs Each Week
The cryptocurrency-ATM company Coinmover has over 100 machines in stores in Massachusetts, New Hampshire, Connecticut, and Washington state — and plans to have 1,250 machines in 18 states by the end of the year, reports the Boston Globe.
Right …
Old Coal Plant Is Now Mining Bitcoin For a Utility Company
An anonymous reader quotes a report from Ars Technica: Bitcoin’s massive power consumption is the cryptocurrency’s dirty secret. To mine bitcoin, computers across the globe chew through enough electricity to power a medium size country, somewhere on th…
Old coal plant is now mining bitcoin for a utility company
Bitcoin is breathing new life into another ailing power plant.
Bitcoin outlawed in China as country bans all cryptocurrency transactions
Move comes as government seeks to limit fallout of looming real estate collapse.
China says all cryptocurrency-related transactions are illegal and must be banned
China’s central bank said on Friday that all cryptocurrency-related transactions are illegal in the country and they must be banned, citing concerns around national security and “safety of people’s assets.” The world’s most populated nation also said that foreign exchanges are banned from providing services to users in the country. In a joint statement, 10 […]