Cryptocurrency & Mining - Page 14

Man, someone is trolling hard -- with active workers in crypto mining farm Flexpool teasing they're playing with NVIDIA's next-gen GeForce RTX 4090 Ti and AMD's next-gen Radeon RX 7900 XT graphics cards... but there's a slight problem... those cards don't exist yet, and won't for another year.

Still, headlines are written that these cards are being used -- so here's some clarification. Firstly, the "GeForce RTX 4090 Ti" is capable of up to a mind-melting 1.3 TH/s which absolutely destroys every bit of silicon on the planet for crypto mining. NVIDIA's current flagship GeForce RTX 3090 only pushes around 110 MH/s on average, so that is 13,000x the RTX 3090... righty-o.

The new crypto mining farm can't be running shelves of next-gen GeForce RTX 4090 Ti graphics cards, so it's also not running AMD's new RDNA 3-powered Radeon RX 7000 series graphics cards either. Still, the "Radeon RX 7000" control test has it at 657 GH/s and the "Radeon RX 7000" overclock test at 579 GH/s... yeah, no.

Keanu Reeves is HODLing his cryptocurrency, something we know after he was interviewed by The Verge along with The Matrix Resurrections co-star Carrie-Anne Moss.

Keanu was asked if he heard about the Matrix NFT that was done for The Matrix Resurrections, where there were 100,000 NFTs made for the new movie and the website broke in a couple of hours with 300,000+ people waiting in the queue to get their exclusive Matrix NFT for $50.

The Matrix NFT didn't involve Keanu or Carrie-Anne, so they don't get a cut of the Matrix NFT at all. The Verge asked Keanu: "so when you think about the concept of digital scarcity and things that are -- and you know -- they can't be copied". Keanu replies quickly, saying: "that are easily reproduced, hee hee, hee hee, heeeee". Literally, Keanu Reeves said "hee hee, hee hee, heeeee" and it was freaking beautiful.

A trend analysis report from NewsBitcoin suggests that Bitcoin's price has stabilized and is ready for a steady increase.

The report outlines that Bitcoin made a sharp dip down to $49,000 but was quickly scooped up by buyers that pushed the price to above $49,500, according to the 100-hour simple moving average. BTC has a fight ahead to increase value, with its next key resistance being close to the $50,400 level and the following resistance being at $50,500 (on the 1-hour chart).

According to the report, breaking through the aforementioned resistance levels and reaching a price of $52,000 may result in a sharp price increase. If Bitcoin can't rally and more sell-offs occur, the price could see a sharp decline down to the $49,000 support, and if that doesn't hold, then the price may slump down to the $47,200 level.

The team at Electroneum has announced that their cryptocurrency (ETN) can be used to purchase PlayStation Network (PSN) vouchers.

Using ETN to purchase PSN vouchers is a big deal for Electroneum, as the crypto team points out that while you might find it nigh impossible to buy a next-gen PlayStation 5 console, PSN vouchers that can be used to buy games and in-game items for games, can be purchased directly through the ETN app.

A post on the official Electroneum website explains: "Every game developer, of every popular game made in the last decade, is constantly renewing their games with new map updates and games modes that keep millions of gamers playing their games month after month. Grand Theft Auto V, a game that was released more than eight years ago, remains one of the most popular games played today. And it's these in-game add-ons that people are attracted to, more so than new games themselves".

A startup company has emerged from the shadows with millions in funding to create what seems to be an imperative layer to the non-fungible token (NFT) ecosystem.

The startup company is called Mnemonic, and according to a report from Forbes, Mnemonic has raised a $4 million funding round to create what is essentially an archive of everything that has happened in the NFT space. While this data is already public, it isn't easily accessible to companies that are looking to navigate and track the NFT market - this is the problem Mnemonic is going to attempt to solve.

The startup intends for companies to be able to easily track and navigate the NFT market as well as build their own applications using Mnemonics Application Programming Interface (API). Mnemonic founders also say the application has more use cases than just tracking and navigating the market. One alternative use case is authenticating goods from expensive brands such as Louis Vuitton, integration into gaming ecosystems, and more.

The current director for the Central Intelligence Agency (CIA) has said the agency has already got projections in motion for cryptocurrency.

William Burns, the CIA director, answered a question regarding cryptocurrency at the Wall Street Journal CEO Council Summit that was held on Monday, where Burns said that the agency already has projects that are focussed on gathering intelligence about cryptocurrency and that these projects were conceived by Burns' predecessor, David Cohen.

Australia is making legal moves to become one of the leading countries in the world when it comes to cryptocurrency.

Australia's Treasurer and deputy leader of the Liberal Party, Josh Frydenberg, detailed the country's plans for implementing an updated regulatory framework for cryptocurrency and the modernization of Australia's payment infrastrure.

Under the plan proposed by Frydenberg, the Australian government is in favor of six out of the nine proposed reforms, which includes a licensing regime for cryptocurrency exchanges, developing a common access regime for new payment platforms, and a policy review for a retail central bank digital currency (CBDC).

Sophia, a famous humanoid artificial intelligence robot known for its impressive conversation skills, is becoming tokenized to be auctioned off as NFTs.

Hong Kong-based firm Hansen Robotics developed Sophia back in 2016 and shocked the world as the robot was able to hold reasonably steady conversations, even to the point where she spoke at the United Nations. Now, a virtual anime of Sophia is being tokenized and turned into 100 iNFTs, as a part of a perpetual license and co-branding partnership between "Sophia beingAI", the virtual anime version of Sophia, and intelligent nonfungible token (iNFT) production firm Alethea AI.

The "i" in iNFT stands for "intelligence" and means that each of the NFTs are embedded with an AI personality that is a part of the smart contract. These AI personalities can be interacted with in Alethea AI's decentralized Metaverse project called "Noah's Ark". According to Alethea AI, the Metaverse that it's creating will be "inhabited by interactive and intelligent NFTs."

Australian computer scientist and businessman, Chris Wright, has won a civil trial against the family of his deceased business partner David Kleiman who said they were owed a fortune: over $50 billion.

In the end, the Florida judge found that Wright did not owe half of the 1.1 million bitcoin to the family -- worth around $50 billion at the time of writing -- but the jury did award $100 million in intellectual property (IP) rights to a joint venture between the two businessmen, a mere taste of what Kleiman's lawyers wanted.

Craig Wright claims that he is the notorious "Satoshi Nakamoto", the inventor of Bitcoin -- where with his brother Ira, claimed David Kleiman and Wright were close friends, and co-created Bitcoin through a partnership. Some of the very first bitcoins ever mined were at the center of the trial -- 1.1 million bitcoin, worth around $50 billion.

An announcement from a CEO of a cryptocurrency exchange has revealed that $200 million in assets have been stolen from wallets.

BitMart CEO Sheldon Xia announced the news via Twitter, saying that the BitMart exchange has identified a "large-scale security breach" that involves the use of a stolen private key that was used to access an Ethereum (ETH) wallet and a Binance Smart Chain (BSC) wallet. According to PeckShield inc, a data analytics company, $100 million was stolen from the Ethereum wallet, and $96 million was stolen from the BSC wallet.

So, what was stolen? According to PeckShield, cryptocurrency coins such as Floki inu, Shiba inu, Elon, CRO, GALA, SAND, and more. As you can probably imagine, it wasn't very long after the hackers transferred the assets out of BitMarts wallets before they were on the market being sold, which resulted in a price dip for a range of coins. Following this hack, BitMart has suspended all withdrawals and deposits, and Xia has said that the company will compensate affected users with company funds.

Meta, formerly Facebook, has announced that its expanded its cryptocurrency advertising eligibility on Facebook and Instagram.

On Wednesday, Meta announced it will be giving companies much more room to operate by advertising cryptocurrency products and services on its social media platforms. Cointelegraph reports that "effective immediately", Meta will officially recognize 27 different regulatory licenses from advertising companies, which is a significant increase from the three licenses it was accepting before this change.

Very few companies advertise cryptocurrency products and services on Facebook and Instagram as the platform's advertising guidelines were quite narrow, but now that the guidelines have been widened, we can expect to see a larger variety of crypto-related products and services advertised. On top of products and services, a Meta spokesperson told Cointelegraph, "crypto news, education, payment methods, and merchandise can be advertised without prior written permission," writes the publication.

A new Twitter leak has revealed that the social media platform may be about to add Ethereum (ETH) to its available options of tipping.

Back in September 2021, Twitter debuted the Bitcoin (BTC) tipping feature that joined other methods of payment such as PayPal and Venmo. Currently, Twitter users who wish to tip a content creator with cryptocurrency can do so through a BTC address, but they may soon be able to tip with Ethereum. A new leak from Mr. Whale suggests that Twitter is looking to incorporate ETH tokens. While this may be exciting, it should be noted that nothing has officially been confirmed as of when this article was written.

If Twitter does incorporate ETH into its tip jar feature, it would undoubtedly be a welcomed update from the cryptocurrency community. However, the question is 'what coin is next?'. According to AltCoin Buzz, many crypto enthusiasts are suggesting coins such as DOGE, XRP, ADA, NANO, BSV, SHIB, NEO, and more. This rumor has come after Jack Dorsey, former Twitter CEO, stepped down from his position as head of the company, as an effort for Twitter to separate itself from its founders and "stand on its own, free of its founder's influence or direction".

A merger between Adit EdTech Acquisition Corp, and Bitcoin mining company Griid will result in Griid being listed on the New York Stock Exchange (NYSE).

Adit EdTech Acquisition Corp has announced that it will be merging with Griid at a $3.3 billion enterprise valuation and after the deal has been processed, Griid will be listed on the NYSE under the ticker symbol GRDI. Griid's investor presentation revealed some interesting projections from the mining company, as this year Griid anticipates it will mine 637 Bitcoin with a total hash rate of 187 petahash per second (PH/s).

Additionally, Griid expects that by 2024 it can mine 24,348 and exceed its total hash rate to 26,180 PH/s. To understand how insanely large that number is, you should know that the entire Bitcoin network as of Tu is about 156,000 PH/s. Trey Kelly, CEO of GRIID, said, "We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among public bitcoin miners at the lowest cost of scaled production." For more information on this story, check out this link here.

An announcement from the CEO of MicroStrategy has revealed the company has purchased a whopping $414.4 million worth of Bitcoin.

The news comes from MicroStrategy CEO Michael Saylor, who announced via his personal Twitter account that MicroStrategy has purchased 7,002 Bitcoins valued at $414.4 million in cash at an average price of %59,187 per Bitcoin. Saylor goes on to state that MicroStrategy currently owns 121,044 Bitcoins bought for an average price of $29,534, which is currently valued at $3.57 billion.

Cointelegraph reports that MicroStrategy sold 571,001 shares of its company at $732.16 a share for approximately $414.4 million in cash. The analytics company is no stranger to picking up large quantities of Bitcoin, as it has purchased Bitcoin almost every quarter since it announced that it was declaring Bitcoin as a treasury reserve asset back in August 2020. If you are interested in reading more about this story, check out this link here.

SAPPHIRE is about to introduce a couple of new crypto-mining graphics cards, with the new SAPPHIRE GPRO X080 and GPRO X060 models.

SAPPHIRE's family of GPRO graphics card is usually found in workstations, but the new GPRO X080 and X060 are purely crypto-mining graphics cards. SAPPHIRE says that the GPRO X080 will give you 38MH/s on Ethash (Ethereum algorithm) with its default 165W TGP, while when optimized that will increase to 41.6MH/s for only 93W.

The SAPPHIRE GPRO X080 is based on the Navi 22 GPU with 2304 Stream Processors clocked at 2132MHz, it has an interesting allotment of 10GB GDDR6 memory on 160-bit memory bus and clocked at 16Gbps. The card requires a PCIe 4.0 x16 slot and only works with Linux. There are no display outputs on the card, so don't go thinking you can buy it and play Crysis.

A milestone in the world of cryptocurrency has recently been reached as a blockchain investor has announced the acquisition of Metaverse "land".

Tokens.com has announced it has acquired a plot of "land" within the Decentraland metaverse, in a specific area that is titled "Fashion Street District". The land purchased within the metaverse measures in at 6,090 square feet of digital land and cost Tokens.com 618,000 MANA, which is about $2.4 million dollars. Token.com has said that it will use the plot of land to host virtual fashion shows where brands will show off their fashion designs digitally.

Update: Malicious actors gained access to the Google Cloud instances by taking advantage of poor customer security practices or vulnerable third-party software in nearly 75% of all cases. As shown in Table 2, 48% of compromised instances were attributed to actors gaining access to the Internet-facing Cloud instance, which had either no password or a weak password for user accounts or API connections. As a result, these Google Cloud instances could be easily scanned and brute forced. 26% of compromised instances were attributed to vulnerabilities in third-party software, which was installed by the owner.

Google's Cybersecurity Action team has released a report called the "Threat Horizons Executive Snapshot", which details ongoing online threats through trend tracking and other data pools.

The report was included threat intelligence observations from the Threat Analysis Group, Google Cloud Threat, Intelligence for Chronicle, Trust and Safety group, and other internal teams. Cryptocurrency mining abuse was specifically mentioned in the report, with it stating that bad actors were observed mining cryptocurrency within a compromised Cloud instance.

A new press release has revealed that AMC and Sony Pictures will be giving out free NFTs to anyone who completes an advance ticket purchase for Spider-Man: No Way Home.

The press release states that AMC and Sony Pictures will be giving out 86,000 NFTs to Stubs Premiere, A-List, and Investor Connect members as a part of a promotional investment. Individuals will need to go through the AMC Theaters website to buy or reserve a ticket for a Spider-Man: No Way Home showing on December 16. The ordering process will begin on November 29 and can be completed through the AMC Theaters website or the mobile app.

As Engadget points out, this move by AMC into the world of cryptocurrency is not unheard of as AMC has already expressed its interest in the crypto space. CEO of AMC Theaters, Adam Aron, said that both shareholders and moviegoers were "calling" for the inclusion of NFTs, and considering that this is the first time AMC has given away NFTs for a movie launch, we could consider this as a "test run" to see if movie fans are interested in digital collectibles of their favorite movies.

Just a small handful of crypto miners in Kazakhstan are causing quite the fuss, with reports that the country's electrical grid operator, KEGOC, would begin rationing electricity for 50 registered crypto miners in the country.

This is after the demand for electricity by these miners caused an emergency shutdown mode at 3 separate power plants across Kazakhstan in October 2021. From now on, those crypto mining farms will be the first ones that will lose their electricity if there are any issues with the electricity grid in Kazakhstan.

The Kazakhstan energy ministry has estimated that electricity demand has increased 8% in 2021 alone, which is a sharp increase over the annual 1-2% that electricity demand normally increases every year. The price of electricity in Kazakhstan is very cheap, which makes it a lucrative spot for crypto mining farms to set up operation to mine away for those precious Bitcoins.

When utilized to its full potential, cryptocurrency trading can create life-changing amounts of money, and one 21-year-old has achieved that and has started a podcast to talk about his story.

John Briant, a 21-year-old cryptocurrency trader, has spent multiple years trading cryptocurrency, and during the podcast posted to the "Heinous Pumps" YouTube channel, Briant explains that he has been in the crypto space since 2017 and began investing when he was around 18 years old. Briant has since grown his portfolio into the millions, and throughout, has created a large community of tens of thousands of traders that follow him in his free Discord server and on his personal Twitter account.

During the podcast, Briant discusses his perspective on the market as a whole and says that it's likely that the price of Bitcoin, and alt-coins has not reached its full peak. "People ask me, how I learn and where I learn my sh*t, a lot of it I don't have any specific place, it's just being in the space for as long as I've been in the space you're able to identify and see things that you people cannot. For example, I know that this is not the same feeling that the market had back in 2017 when it was going absolutely berserk and then started tanking."