Since the price of Bitcoin began to rapidly rise almost a decade ago, Bitcoin miners have designed their digital computers to participate in its Proof-of-Work consensus mechanism. By providing computer systems that solve complex mathematical problems and help to verify new blocks, miners are rewarded in Bitcoin. While this cryptocurrency was increasing in value, miners were able to make a fortune from the practice.
Bastian Lehmann, one of the founders of food delivery service Postmates and a leading innovator in the business world, has sent waves through the crypto community with the news that a startup in the cryptocurrency sector will be his next venture.
With over 800 stores in 13 different countries, MediaMarkt has been Europe’s undisputed number-one consumer electronics retailer for the past forty years. Synonymous with innovation and providing services in high demand by their customer base, MediaMarkt will start hosting multiple Bitcoin ATMs throughout their stores in Austria.
RoundlyX, started in 2017 by Andrew Elliott and Will Trible with the goal of providing infrastructure for retail investors interested in the then emerging investment class of digital assets, simplifies the entire process. Users sign up, connect their RoundlyX account to Plaid (a fintech company that specializes in securely connecting their customer’s financial accounts to various services and apps) then simply log into their RoundlyX exchange account to get started on their investment journey. The entire sign-up process takes about three minutes from the creation of a new RoundlyX account to registration.
In what is becoming a more common industry practice, Exxon Mobil, the United States’ largest oil and gas producer, has announced its plans to initiate a pilot Bitcoin mining program by rerouting excess natural gas, which would normally be flared or burned off, to its Qua Iboe Terminal in Nigeria to power Bitcoin mining
Two former top Jefferies executives, Brandon Mulvihill and Anthony Mazzarese, who cut their teeth within the institutional world of Forex trading have decided to part ways with the New York based investment firm to step into the rapidly growing institutional digital asset space.
Biden Administration Creates Task Force ‘KleptoCapture’ To Halt Russian Oligarchs And Their Crypto https://youtu.be/pAy-YTZt8ro The new task force, which brings together units from the FBI, Marshals Service, IRS, Postal Inspection, Homeland Security Investigations and Secret Service describes themselves as, “…an interagency law enforcement task force dedicated to enforcing the sweeping sanctions, exportContinue reading “Biden Administration Creates Task Force ‘KleptoCapture’ To Halt Russian Oligarchs And Their Crypto”
As the world continues to reel from the recent military invasion of Ukraine by Russian military forces, the crypto community is stepping up to offer aid to bothe the Ukrainian people and their military forces. Cryptocurrency donations, including Bitcoin and various altcoins, have been pouring into the country. Since the first incursion of Russian forces into Ukraine, more than $5 million in cryptocurrency has already been raised, according to blockchain analytics firm Elliptic.
Havas Group, one of the world’s largest global communications groups, has announced that they will be joining the metaverse after acquiring a plot of land in The Sandbox.
ConocoPhillips, the world’s largest independent exploration and production company, has agreed to sell natural gas that would have been otherwise been flared to a third-party Bitcoin miner located in the second-largest major shale play in the Bakken, North Dakota.