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United States Crypto Miners Are Now Using as Much Power as Houston
Powers Combined Even if the crypto market isn't exactly growing in terms of profit, miners it are certainly increasing their energy consumption. The New York Times reported this week that just seven of the biggest Bitcoin mining companies are now using nearly as much electricity as all the homes in Houston combined, meaning that all crypto mining […] дальше »
2022-7-20 17:54
Religious Zealots Think Bitcoin Was Created by God
We are very sorry to inform you that the Bitcoin bros are so not OK that some of them have begun believing that the cryptocurrency was sent down by the Christian God himself. "This is the genius of God," Tomer Strolight, a former nonbeliever who got into Bitcoin and subsequently got baptized because of it, […] дальше »
2022-7-17 22:15
Bitcoin Just Had Its Worst Month in Crypto's Entire History
Free Fallin' Blockchain woes continue. Bitcoin lost 38 percent of its value in June alone, making this past month the worst in crypto's 12 year history, CNBC reports. Meanwhile, Ethereum's coin (ETH) rang in at an astonishing 47 percent value loss, and industry leaders crumble across the board — major crypto hedge fund Three Arrows […] дальше »
2022-7-4 22:01
Crypto Startup in Crisis Insists That Its CEO Isn't Trying to Flee the Country
No Worries! In news that we definitely, one hundred percent believe, with absolutely no hesitance: Alex Mashinsky, CEO of anguished crypto lending firm Celsius, did NOT attempt to flee the US amid the ongoing bitcoin crash, as a Celsius spokesperson has clarified to Cointelegraph. дальше »
2022-6-29 23:44
New York State May Ban Any Crypto Mining Powered by Fossil Fuels
Tick Tick Boom For weeks now, a bill that would ban all crypto mining that uses fossil fuels has languished on the desk of New York's governor, which begs the question — what now? This dramatic story, as reported by The Daily Beast, has gone mostly underreported this week as both the stock market and the […] дальше »
2022-6-19 20:57
Bill Gates Ruthlessly Mocks NFTs as Crypto Market Collapses
Fool Me Once Bill Gates really, really, really hates cryptocurrency. The billionaire Microsoft founder has not been shy about his stance on digital coins in the past, arguing with Dogecoin-pushing rival Elon Musk over the currencies' viability and calling out Bitcoin mining operations for their destructive environmental impact. Now, in the wake of the sudden […] дальше »
2022-6-16 20:59
Financial Planner Desperately Explains to Clients Why the Bitcoin Crash Is Good, Actually
Crypto is crashing, and bitcoin bros are having a tough week. In a long and winding thread, financial advisor and Coinbase commentator Isaiah Douglass laid out his case for why the currency's second major crash in two months is actually good news for people who've invested in blockchain assets. "I regret nothing," Douglass began in […] дальше »
2022-6-16 23:48
Crypto Exchanges Lay Off Thousands, Months After Uber-Expensive Super Bowl Ads
One of the leading crypto exchanges is laying off a ton of employees — even after paying celebrities tons to shill for it at the Super Bowl. In a series of tweets posted over the weekend (and, to be fair, before , Crypto.com CEO Kris Marszalek дальше »
2022-6-16 22:18
Horrible Footage Emerges of Winklevoss Twins Singing "Don't Stop Believin'"
Hard-Hitting Rock Band We take no pleasure in bringing you this news. In fact, we wish we didn't know ourselves. But the cursed rumors are true, and it's our due diligence to inform you that the Winklevoss twins, Cameron and Tyler, are indeed in a band, as footage of the twins un-ironically covering "Don't Stop […] дальше »
2022-6-16 20:46
As Bitcoin Crashes, Binance Halts Withdrawals
Falling Fast The world's largest crypto exchange has had to pause Bitcoin withdrawals as the currency drops precipitously for the second time in 2022. On Twitter, Binance CEO Changpeng Zhao announced Monday morning that Bitcoin withdrawals were on a "temporary pause" due to a "stuck transaction causing a backlog." Though Zhao didn't mention it, this […] дальше »
2022-6-16 19:39
Gang Violence Surging as Crypto Crashes in Bitcoin Country
Bitcoin’s precipitous fall has occurred at the same time as rising violence in El Salvador, the country that adopted BTC as legal tender under its blockchain-loving president. As Politico reports, Salvadoran President Nayib Bukele was unable to attend April’s big crypto conference in Miami because of gang violence that led to the largest single-day murder rate […] дальше »
2022-5-14 23:15
Expert Says Crypto Crash is Just Like 2008 Financial Crisis
Crash & Burn If the great crypto crash of 2022 is giving you deja vu, you’re not alone. As blockchain expert David Gerard notes in a Foreign Policy editorial about this week’s incredible downturn in cryptocurrency value, this crash does indeed greatly resemble the 2008 financial crisis that predicated the rise of crypto to begin […] дальше »
2022-5-14 21:04
Analysis Finds That 40 Percent of Bitcoin Investors Have Lost Money
Crash and Burn Bitcoin is down horrendous — and it’s losing money for investors who thought it was a sure shot. According to a new analysis from the Glassnode crypto insights firm, roughly 40 percent of Bitcoin holders have lost money on their investment in the world’s most popular cryptocurrency — and that percentage is […] дальше »
2022-5-10 19:15
Warren Buffett Says He Wouldn’t Buy All the Bitcoin in the World for $25
Simon Says Warren Buffett is one of the world’s wealthiest people and the CEO of Berkshire Hathaway, one of the largest and richest holding companies in the world. You’d think his financial advice would resonate with a lot folks, but his latest remarks on cryptocurrency aren’t likely to inspire much love among its fans. A […] дальше »
2022-5-4 00:22
Warren Buffett Says He Wouldn't Buy All the Bitcoin in the World for $25
Simon Says Warren Buffett is one of the world's wealthiest people and the CEO of Berkshire Hathaway, one of the largest and richest holding companies in the world. You'd think his financial advice would resonate with a lot folks, but his latest remarks on cryptocurrency aren't likely to inspire much love among its fans. A […] дальше »
2022-5-26 00:22
Crypto Stocks Are Doing Absolutely Horribly
Stock Drop The stocks of cryptocurrency-focused companies are in a nose dive, falling as much as 60 percent this year alone, The Wall Street Journal reports, signaling a significant drop-off in interest, and a divergence between those companies’ stocks and the values of cryptocurrencies themselves. дальше »
2022-4-20 01:11
They’ve Now Mined Almost All the Bitcoin That Will Ever Exist
Bitcoin was designed to have a hard cap of 21 million bitcoins, a limited coin supply, in many ways, mimicking the finite amount of other valuable goods like gold. But well over a decade after the first bitcoin was mined, the mainstream cryptocurrency is nearing its next threshold: 19 million mined bitcoins, a notable milestone. […] дальше »
2022-4-4 21:56
They've Now Mined Almost All the Bitcoin That Will Ever Exist
Bitcoin was designed to have a hard cap of 21 million bitcoins, a limited coin supply, in many ways, mimicking the finite amount of other valuable goods like gold. But well over a decade after the first bitcoin was mined, the mainstream cryptocurrency is nearing its next threshold: 19 million mined bitcoins, a notable milestone. […] дальше »
2022-5-26 21:56
Exxon Mobil Is Starting to Burn Excess Gas to Mine Bitcoin
Super Gassy Instead of simply burning excess natural gas for no reason and wasting it completely, Exxon Mobil is making a change we’re not entire sure is an improvement – they’re taking that “extra” 18 million cubic feet of gas per month and using it to power crypto mining facilities. The oil giant reached an […] дальше »
2022-3-26 20:14
Malaysian Government: Let's Turn Bitcoin Into Legal Tender
Legalize It After El Salvador’s disastrous decision to make Bitcoin legal tender, Malaysia’s government is excited to follow suit, Bloomberg reports. It’s a sign that governments around the world are still very much showing interest in adopting cryptocurrencies despite less than stellar results shown by other parts of the world. Zahidi Zainul Abidin, the nation’s […] дальше »
2022-5-26 19:51
Malaysian Government: Let’s Turn Bitcoin Into Legal Tender
Legalize It After El Salvador’s disastrous decision to make Bitcoin legal tender, Malaysia’s government is excited to follow suit, Bloomberg reports. It’s a sign that governments around the world are still very much showing interest in adopting cryptocurrencies despite less than stellar results shown by other parts of the world. Zahidi Zainul Abidin, the nation’s […] дальше »
2022-3-22 19:51
Elon Musk Shares Galaxy-Brain Theory About Bitcoin Creator
Portman-d’oh Has Elon Musk figured out the source of the “Satoshi Nakamoto” pseudonym given to Bitcoin’s mysterious creator? A meme the trollish Tesla and SpaceX CEO posted in the middle of the night offers a Satoshi Nakamoto theory that’s so galaxy-brained that it may actually work. дальше »
2022-3-11 00:39
Hillary Clinton Calls Out Crypto Exchanges for Letting Russia Bypass Sanctions
Russians are still able to use cryptocurrency exchanges to circumvent newly imposed sanctions in response to the country’s invasion of Ukraine — and former First Lady Hillary Clinton is absolutely furious. дальше »
2022-3-5 00:00
Lawyer for Crypto Laundering Rapper Says She Won't Flee Because of Her Frozen Embryos
Good news: the rapping CEO who got arrested for an alleged crypto-laundering scheme this week isn’t a flight risk because — get this — she wants to stay close to her frozen eggs. As CNBC reports, filings made on behalf of Heather “Razzlekhan” Morgan and her husband Ilya Lichtenstein following the couple’s arrest on federal […] дальше »
2022-5-26 22:33
Lawyer for Crypto Laundering Rapper Says She Won’t Flee Because of Her Frozen Embryos
Good news: the rapping CEO who got arrested for an alleged crypto-laundering scheme this week isn’t a flight risk because — get this — she wants to stay close to her frozen eggs. As CNBC reports, filings made on behalf of Heather “Razzlekhan” Morgan and her husband Ilya Lichtenstein following the couple’s arrest on federal […] дальше »
2022-2-14 22:33
Feds Arrest Crypto CEO for Bitcoin Laundering, But Her Real Crime Was Against Rap Music
It’s 2022, so naturally, the feds have brought down a Bitcoin-laundering power couple — one half of whom is a crypto wallet CEO who is also an extremely bad rapper. Heather Morgan and Ilya “Dutch” Lichtenstein were arrested by federal agents on Tuesday for allegedly laundering $4. дальше »
2022-2-11 00:12
The Crypto Crash Has Destroyed a Trillion Dollars in Wealth
Downward Spiral The aggregate crypto market has lost more than $1 trillion since late last year, according to a new report Bloomberg published yesterday. Bitcoin alone lost more than 12 percent of its value on Friday and dropped to its lowest level since July of 2021. Since a peak in November, it has lost over […] дальше »
2022-1-23 22:42
Ozzy Osbourne’s NFT Company Got a Bunch of His Followers Scammed Out of Their Money
Scamming people out of thousands of dollars probably wasn’t what rock star Ozzy Osbourne had in mind when he launched his own NFT company last year but that’s exactly what happened this week in an apparent accident. дальше »
2022-1-23 20:56
Ozzy Osbourne's NFT Company Got a Bunch of His Followers Scammed Out of Their Money
Scamming people out of thousands of dollars probably wasn’t what rock star Ozzy Osbourne had in mind when he launched his own NFT company last year but that’s exactly what happened this week in an apparent accident. дальше »
2022-5-26 20:56
Bitcoin Is Down Really, Really Bad
London Bridge Bitcoin continues to tumble down, down, down. As The Wall Street Journal notes, Bitcoin has shown a very tight correlation between the rise and the fall of the stock market, which is part of the story of its meteoric fall this week. дальше »
2022-1-23 23:21
An Entire Country Switched to Bitcoin and Now Its Economy Is Floundering
Months after El Salvador announced that it would accept bitcoin as legal tender, the country has found itself on the verge of economic collapse yet again. The country’s president Nayib Bukele made waves last year when he announced that the nation would accept the token for use at stores and banks. The self-described “CEO of […] дальше »
2022-1-23 22:18
Ex-Crypto Backer: Bitcoin Is a "Contagious Disease" and It's About to Get Nasty
An options trader-turned-economic philosopher is slamming Bitcoin as a contagion — and as a former backer of the cryptocurrency, he should know. In a series of tweets, NYU risk engineering professor Nasim Nicholas Taleb, author of the 2007 epistemological classic “The Black Swan,” called Bitcoin a “contagious disease” built on bringing in “suckers” to build […] дальше »
2022-5-26 23:35
Ex-Crypto Backer: Bitcoin Is a “Contagious Disease” and It’s About to Get Nasty
An options trader-turned-economic philosopher is slamming Bitcoin as a contagion — and as a former backer of the cryptocurrency, he should know. In a series of tweets, NYU risk engineering professor Nasim Nicholas Taleb, author of the 2007 epistemological classic “The Black Swan,” called Bitcoin a “contagious disease” built on bringing in “suckers” to build […] дальше »
2022-1-20 23:35
Financial Analysts Say Bitcoin’s Price Is Going to Keep Falling and Falling
Horrible news, crypto investors: Prices are still dropping — and they might keep dropping for a while. Analysts for investment bank UBS warned that crypto markets might be entering another “crypto winter” as prices steadily fall for the asset class, according to a statement sent to investors and seen by Insider. Bitcoin prices sit at […] дальше »
2022-1-20 19:17
Financial Analysts Say Bitcoin's Price Is Going to Keep Falling and Falling
Horrible news, crypto investors: Prices are still dropping — and they might keep dropping for a while. Analysts for investment bank UBS warned that crypto markets might be entering another “crypto winter” as prices steadily fall for the asset class, according to a statement sent to investors and seen by Insider. Bitcoin prices sit at […] дальше »
2022-5-26 19:17
Tesla Owner Says He’s Making $800 Per Month Using His Car to Mine Crypto
Electric Feel In a gloriously cursed marriage of crypto bro trends, a Tesla owner claims he uses his electric vehicle to mine crypto — and makes as much as $800 a month while doing it. Siraj Raval told CNBC that he’s been using his 2018 Tesla Model 3 as a power source to mine ethereum […] дальше »
2022-1-11 18:19
Another Entire Country Just Banned Crypto Mining
Less than one year after China announced its decision to crack down big time on crypto mining, another country has joined suit in a bid to ease soaring energy prices and blackouts. This week Kosovo, located in southeastern Europe, announced it’s banning mining after spending the last 60 days in a government state of emergency […] дальше »
2022-1-11 22:09
Bitcoin Crashes as Major Crypto Country Shuts Down Entire Internet
Crypto Mining Crackdown Things are looking bleak for cryptocurrencies. Bitcoin was hit by a precipitous price drop on Wednesday following a draconian Internet crackdown in Kazakhstan — the second-largest hub for Bitcoin mining after the US in the world, Reuters reports. дальше »
2022-1-8 18:42
Elon Musk Explains Why He is “Pro Doge,” Not Bitcoin
Tesla CEO Elon Musk revealed today why he supports alternative cryptocurrency Dogecoin and isn’t a huge fan of Bitcoin. “My goal is to build stuff and make money and have fun,” dogecoin cofounder Billy Markus wrote in a tweet on Thursday. дальше »
2021-12-27 23:50
Anti-Vax Group Creates “Unvaxxed Sperm” Crypto Because God Is Dead and We Have Killed Him
Unvaxxed Sperm Is the New Bitcoin Because we live in a nightmare of our own making, a group of ardent morons have created a new cryptocurrency based on the idea that vaccines lower your sperm count. дальше »
2021-12-9 22:59
The Crypto-Trading Hamster Has Died of Unknown Causes
RIP Crypto-savvy hamster Mr. Goxx, whose portfolio beat out some of the biggest traders in history, has tragically passed away. “We feared this day like no other and are truly shocked for it to happen just now,” the hamster’s owners lamented in a tweet this morning. дальше »
2021-11-29 22:58
El Salvador President Announces “Bitcoin City” Tax Haven
Bitcoin City El Salvador’s president Nayib Bukele has announced the country’s plans to build the world’s first fully Bitcoin bonds-backed “Bitcoin City.” Bukele made the announcement over the weekend as part of a cringe-inducing live show, featuring bright concert-style lighting — and projections of UFOs for some reason. The Bitcoin City will be income, property, […] дальше »
2021-11-23 01:23
Dubious Court Case Claims Bitcoin Co-Creator Is Dead
The cryptosphere is abuzz over a Florida court case in which the plaintiffs are claiming that one of the co-creators of bitcoin is dead and that his family is entitled to what amounts to a $32 billion estate. дальше »
2021-11-18 22:53
Startup Criticized for Bitcoin Mine in Impoverished Navajo Community
A Canadian crypto company is being criticized for opening a bitcoin mine in an impoverished Navajo Nation. The mine is situated on land owned by the Navajo outside of Shiprock, New Mexico, according to Vice. дальше »
2021-11-11 01:02
Bitcoin Crushes All-Time Record, With JPMorgan Predicting $146,000
All-Time Records The value of Bitcoin has hit all-time highs, trading at above $68,000 Tuesday morning — and investors are predicting its rise isn’t over yet, CNBC reports. The price however calmed back down to around $66,700 at the time of writing. дальше »
2021-11-11 21:04
Bitcoin Hits Highest Price in Its Entire History
Bullish Bitcoin The day after the cryptocurrency finally hit the New York Stock Exchange, Bitcoin has reached the highest price at any point in its 12-year history, jumping up past a red hot $66,000 per coin on Wednesday morning. дальше »
2021-10-21 18:29
If You’re Ready To Invest in Crypto, Here’s the Best Place To Start
Financial experts were pretty skeptical about cryptocurrency when it first came out. In fact, most thought it was just a fad. But now it’s pretty clear that those experts were very wrong. Cryptocurrencies have been around for over a decade, now, and they are stronger than ever. If you’re ready to invest in what a […] дальше »
2021-10-21 16:00
Bitcoin Is Hitting The New York Stock Exchange Tomorrow
Bitcoin Boom In what might be one of the most significant steps that cryptocurrency has taken toward the mainstream during its decade-long history, the New York Stock Exchange is expected to start allowing traders to bet on Bitcoin. дальше »