Following a number of ASIC mining rig acquisitions from the manufacturer Canaan, the bitcoin mining operation Genesis Digital Assets announced on Monday that the firm is developing an industrial-scale bitcoin mining data center in West Texas. According to the announcement, Genesis says that the new facility will have 300 megawatts of capacity with a “low carbon footprint.” Genesis Announces New…
Author: Crypto Superhero
BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, LUNA
Bitcoin (BTC) and Ether (ETH) had their highest monthly close ever in October, indicating strong momentum that favors buyers. The focus now shifts to November, which has largely been bullish for Bitcoin. Since 2013, Bitcoin has closed November in the red on only two occasions, in 2018 and 2019. Another positive impetus for Bitcoin could be the tailwinds from the…
Patreon to explore expansion into crypto realm
Patreon executives again teased their company’s expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with Chief Product Officer Julian Gutman, saying: I really love the idea of creators owning their media and owning their content. […] I love the idea of shifting power away from institutions and…
Biden Working Group Calls for Stablecoin Issuers like Tether to be Regulated like Banks
In brief A long-awaited report calls for Congress to pass laws to regulate stablecoins as banks The recommendations could challenge the business model or even the existence of firms like Tether The U.S. government published a long-awaited report on stablecoins on Monday, outlining proposed measures that could pose challenges to the business model, or even the very existence of some…
Coinbase Voices: How crypto changed my life
Trey Edwards shares his personal path to crypto and Coinbase, and how he’s creating opportunities for others to follow in his steps I was on my way to my last class of undergrad at NC State University when I stepped off of the campus bus and was suddenly hit straight on by a car driven by another student. Luckily, I walked…
Fast, Secure 2-of-2 ECDSA using DKLs18
We’ve already discussed the general notions of digital signatures and threshold signatures in a prior post. At Coinbase, we’ve focused our attention specifically on two-party threshold signing; we’ll discuss this setting in this post. DKLs: an introduction. While threshold-signing protocols for the Schnorr and BLS schemes are relatively straightforward, threshold ECDSA is much harder. A number of protocols exist for 2-of-2…
Sfermion raises $100M for NFT and metaverse ventures
Nonfungible token, or NFT, investment firm Sfermion have announced a secondary funding raise of $100 million appropriately titled Fund II from a number of established cryptocurrency investors including British billionaire Alan Howard, American entrepreneur Chris Dixon, Gemini co-founders Cameron and Tyler Winklevoss, and venture capital firm Digital Currency Group, amongst others. Whereas predecessor Fund I focused solely on NFT investment…
Squid Game Token Has Only One Winner: The Scammer Who Made $2 Million
Editor’s note: This article contains spoilers about the show “Squid Game.” Maybe it wasn’t the diabetes that killed Seong Gi-hun’s mother. She probably just died of shock after losing her life savings in the Squid Game token. SQUID, the token project no doubt invented by that white guy in an antler mask, was not all what it seemed. Okay, actually,…
City of Liverpool takes interest in blockchain-powered food delivery platform
On Monday, Metro Mayor of the Liverpool City Region Steve Rotheram announced a 700,000 pound ($955,957) investment into blockchain-powered food delivery service Peepl. The software aims to act as a cost-efficient alternative to food delivery giants for local restaurants. Peepl claims that it can save restaurants up to 50% on the commissions typically charged by food delivery platforms through its…
New Data Shows Red Hot US Inflation Highest in 30 Years Analyst Says Rising Inflation Could Hit a ‘Tipping Point’ – Economics Bitcoin News
Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country has seen in 30 years. Inflation Continues to Rise in US Americans are dealing…