Cryptocurrency & Mining News - Page 1
A family has claimed that the Ethereum Foundation hasn't provided them with a key file that would give them access to nearly $7 million worth of Ethereum (ETH).
According to a GoFundMe fundraiser, Yukiko Williams claims that he and his family purchased 3,000 ETH during Ethereum's Initial Coin Offering (ICO) back in 2014. Williams goes on to explain that the Ethereum Foundation sent the family a JSON file that gives access to the wallet containing the stored ETH, but there were technical difficulties, and the family couldn't get access.
Williams states on the GoFundMe page listing, "During the 2014 Ethereum Initial Coin Offering (ICO) Event, we had purchased a total of 3000 ETH Coins because we believed it would become a leading blockchain platform. At the time of the transaction, the Ethereum Foundation was supposed to send over our JSON file, which will give us access to the Ethereum wallet that contained our coins."
Yesterday, reports surfaced about Amazon offering cryptocurrency payments to shoppers on its platform, and now Amazon has officially commented.
To give some context, on Jul 22, Amazon posted a job listing for a digital currency and blockchain product lead, leading people to believe that Amazon was in the midst of exploring the cryptocurrency space. Four days after the listing was posted, London's City A.M newspaper published a story that claimed an insider informed the newspaper that Amazon was "definitely" going to support Bitcoin payments and that it will launch a native token.
As you can probably imagine, the news caused the price of Bitcoin to skyrocket, gaining around 15% in less than three hours, per Wu Blockchain. Now, an Amazon spokesperson has told Reuters that the company isn't planning on accepting Bitcoin as a form of payment by the end of the year and that the "speculation that has ensued around our specific plans for cryptocurrencies is not true."
Tesla and SpaceX CEO Elon Musk has fired off two cryptocurrency-related memes, some of which are directed towards Dogecoin holders.
Elon Musk must have recently watched or re-watched The Matrix as the billionaire CEO has posted two Matrix-themed memes to his personal Twitter account. One of the memes, seen above, is directed towards Dogecoin holders, and it shows Neo from the Matrix asking a Shiba Inu-Morpheus if it's possible to make "a lot of money with Dogecoin?".
The Shiba Inu-Morpheus replies to Neo and says, "No, Neo. I'm trying to tell you that Dogecoin is money". In other cryptocurrency news, Musk recently appeared at The B Word conference, where he said that Tesla is likely to accept Bitcoin as payment for its electric vehicles again, but there is a catch. Read more on that story here. As for SpaceX, NASA has just tapped Musk's space company to launch NASA's most recent alien-hunting mission, more on that here.
Amazon will reportedly offer cryptocurrency payments by the end of the year, with Bitcoin payments by the end of 2021 on the way according to the latest rumors.
In a new article, an anonymous insider tells CityAM that Amazon is pushing into cryptocurrency with full strength, this isn't just some short-term plan. The insider said: "This isn't just going through the motions to set up cryptocurrency payment solutions at some point in the future - this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work. It won't take long because the plans are already there, and they have been working on them since 2019".
It will begin with Amazon accepting Bitcoin, but then it'll be joined by Ethereum, Cardano, Bitcoin Cash and "about eight of the most popular cryptocurrencies" which I'm sure will include Dogecoin. Dogecoin is already accepted at Amazon's competitor, Newegg, and is one of the most popular cryptocurrencies. Jeff Bezos founded Amazon, and Elon Musk is his competitor in space -- but a huge fan of Dogecoin to the point that Musk is called The Dogefather. Their worlds collide in so many ways.
Las Vegas strip clubs are stepping up into the world of cryptocurrencies, with Crazy Horse 3 becoming the first major entertainment venue in a US city to accept Bitcoin.
Crazy Horse 3 has tapped the Lightning Network to handle its acceptance of Bitcoin, where customers can use Bitcoin to pay for VIP bottle packages, food, drinks, retail, admission, and even "dance dollars" for strippers and lap dances. You'll eventually be able to give strippers tips "in the near future".
Crazy Horse 3 publicist Lindsay Feldman of BrandBomb Marketing explained that Crazy Horse 3 is "committed to innovating the modern-day guest experience and as leaders of the Las Vegas entertainment industry. We are embracing the opportunity to accept Bitcoin as a way to deliver convenience, first-class hospitality, and an added level of anonymity for our guests".
Tesla CEO Elon Musk has discussed if Tesla will ever accept Bitcoin as a form of payment for its electric vehicles.
Musk appeared at a cryptocurrency conference organized by Twitter CEO Jack Dorsey, where he answered questions regarding cryptocurrency and Bitcoin. Musk was asked if Tesla would accept Bitcoin as payment for its vehicles, to which Musk said that if Bitcoin's renewable energy usage was at 50% of above, then Tesla "will most likely resume accepting Bitcoin".
Here's what Musk said, "It looks like bitcoin is shifting a lot more toward renewables and a bunch of heavy-duty coal plants that were being used...have been shut down, especially in China." Not long ago, Beijing started its crackdown on Bitcoin mining, which caused Bitcoin miners to flee to the United States to resume production with renewable energy in mind.
Elon Musk has confirmed that he personally holds major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin -- and that's about it -- outside of owning stock of the companies he created in SpaceX and Tesla.
The billionaire announced the news during The B Word conference, during a video call on Zoom with Twitter founder Jack Dorsey and others. During the chat, Musk talked about the fact that he personally holds Bitcoin, and so do SpaceX and Twitter.
Not only that, but Musk doesn't pump and dump -- Musk explained: "If the price of bitcoin goes down I lose money. I might pump but I don't dump. I definitely do not believe in getting the price high and selling or anything like that. I would like to see bitcoin succeed".
Elon Musk has confirmed that he personally owns Bitcoin, telling the world during The B Word conference.
Musk said during The B Word conference: "I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin". The confirmation comes months after back in March 2021 when Tesla started accepting Bitcoin as payment for its cars, where at the time Musk said: "Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency".
The world of cryptocurrency was meant to usher in a full disconnect from central banks and the BS between you and your money, but the European Union has other plans.
The European Commission, which is the executive branch of the European Union, is reportedly planning to ban anonymous cryptocurrency wallets. The news is coming from Reuters, which reports that the EU's big (brother) push will see service providers requiring a customer's name, address, and their age -- as well as the name of the recipient -- for any and all cryptocurrency transfers.
The EU is of course saying this is for your safety, as it's part of the European Commission's fight against terrorism financing and money laundering. The new law that the EU will push through would make Bitcoin and other cryptocurrency transfers completely traceable.
It seems the gigantic crackdown on cryptocurrency mining operations in China is going to the next level, with Chinese Bitcoin mining outfit, Optimum Mining Host, moving 1 million Bitcoin mining rigs from China to Canada.
Moving 1 million anything from one place to another is a gigantic operation no matter what it is, which is why the company is getting Black Rock Petroleum Company to help out. Moving all of that hardware out of China is going to be hard -- for many reasons, not just a logistics reason -- with the 1 million rigs being moved out of China and into Alberta, Canada spread out across 3 locations.
The new Alberta, Canada relocation will have the 1 million Bitcoin mining rigs will be spread across three Natural Gas producing sites. The first 200,000 machines will be hosted by the Quirk Creek Gas plant which is operated by Caledonian Midstream Corporation.