According to the report, Europe is home to nine of the 10 least profitable countries for Bitcoin mining, based on household electricity costs. Source: https://cointelegraph.com/public/index.php/news/mining-1-btc-lebanon-783x-cheaper-italy-coin-gecko
Month: August 2023
Ripple CTO clarifies on SEC appeal, spotlights case complexity
In a recent update on X (formerly known as Twitter), The Chief Technology Officer (CTO) of Ripple Labs, David “JoelKatz” Schwartz, brought attention to a recent development involving the U.S. Securities and Exchange Commission (SEC) appeal plea. As per the insights shared by the CTO, the SEC is seeking an appeal at this specific point based on its interpretation that…
Gemini files brief in lawsuit against SEC, requests to keep it simple
Cryptocurrency exchange Gemini has filed a reply brief as part of its effort to dismiss the lawsuit it is facing against the United States Securities and Exchange Commission (SEC). The lawsuit alleges that “Gemini Earn” – a service enabling customers to lend crypto assets like Bitcoin (BTC) to Genesis – breached securities regulations by offering unregistered securities. According to Aug.…
Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko
There is a significant worldwide contrast in household electricity expenses for individual Bitcoin (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report. Published on Aug. 17, CoinGecko’s report revealed that only 65 countries are profitable for solo Bitcoin miners, based solely on household electricity costs. Among these, 34 countries…
SEC seeks appeal over Ripple, crypto prices plunge, EU Bitcoin ETF
Top Stories This Week Judge grants SEC request to file motion for appeal in Ripple case Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to file a motion, on Aug.…
Believe In God? You Might Believe In AI, Too
Does active belief in a higher power correlate with ready acceptance of what an AI chatbot says? A new study by Nazarbayev and Duke universities suggests just that, noting that people who are regularly “thinking about” God appear to be more open to hearing what artificial intelligence has to say. The study aimed to investigate the psychological factors that influence…
Scientists Uncover Biological Echoes in Powerful AI Transformer Models
Electronic neural networks, one of the key concepts in artificial intelligence research, have drawn inspiration from biological neurons since their inception—as evidenced by their name. New research has now revealed that the influential AI transformer architecture also shares unexpected parallels with human neurobiology. In a collaborative study, scientists propose that biological astrocyte-neuron networks could mimic transformers’ core computations. Or vice…
North Korean Hackers Have Stolen $200 Million So Far This Year: Report
Although the year is not yet over, hackers linked to North Korea have made off with over $200 million in cryptocurrency in 2023—accounting for over 20% of all stolen crypto in 2023, according to a report released on Friday by blockchain intelligence firm TRM Labs. The haul is part of more than $2 billion stolen by cybercriminals in the last…
DeFi protocols Exactly, Harbor hacked in separate attacks
Decentralized finance (DeFi) protocols Exactly and Harbor were exploited on Aug. 18 in two separate — and apparently unrelated — attacks, according to blockchain security firms DeDotFi and PeckShield. On-chain data reveals 4323.6 Ether (ETH), worth nearly $7.3 million at the time of writing, had been stolen from Exactly Protocol. The hackers then bridged 1490 ETH using the Across Protocol,…
This Week in Coins: Flash Crash! Bitcoin and Ethereum Shed 10% as Altcoins Tumble
Illustration by Mitchell Preffer for Decrypt. The prices of leading cryptocurrencies took another downturn this week after briefly inching upwards the week before. Market leader Bitcoin (BTC) posted a mild overnight drop of 2% to below $29,000 on Thursday, after minutes of the latest Federal Reserve policy meeting were released the day before. The document indicatesthat the U.S. central bank…