Cryptocurrency & Mining News - Page 27

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."

El Salvador has been far out and ahead of the curve when it comes to adopting and advocating for cryptocurrencies, mostly Bitcoin, but this news takes the place.

El Salvador President Nayib Bukele told a crowd on Saturday night during El Salvador's recent Bitcoin Week that the new "Bitcoin City" would be made near a volcano, along the cost of the Gulf of Fonseca. The government plans on placing the power plant near a volcano, which would be great for both mining -- low power costs, great on the environment -- and for the city itself.

The exciting new Bitcoin City would be a "full-fledged metropolis with residential and commercial areas, restaurants, an airport as well as a port and rail service. The city will be laid out in a circle (like a coin) and in the city center will be a plaza that will be host to a huge bitcoin symbol. The city will have no income, property, capital gains or payroll taxes" reports CoinDesk.

If you were hoping to upgrade to a new AMD Ryzen 9 5900 or Ryzen 9 5950X processor -- or even AMD's next-gen Zen 4-based desktop CPUs... you might be able to, and it'll be because of CPU miners.

It looks like the GPU shortage has seen crypto miners move to other cryptocurrencies -- including Raptoreum (RTM), which can be mined on the CPU and absolutely loves the large L3 cache on an AMD Ryzen 9 processor. The AMD Ryzen 9 3000 series and Ryzen 9 5000 series CPUs have large L3 cache which is perfect for Raptoreum CPU mining.

Even the now older-gen AMD Ryzen 9 3900 and 3900X are popular CPUs for Raptoreum mining because of their high L3 cache. Both of those CPUs beat Intel's just-launched Core i9-12900K "Alder Lake" CPU, but the newer Zen 3-based Ryzen 9 5950X is a Raptoreum mining beast -- beating out every other CPU.

Twitter has just announced it is building out a new division for all things cryptocurrency and blockchain, with the social networking giant hiring Tess Rinearson as the engineering boss in the newly-formed Twitter Crypto.

Twitter Crypto will have Rinearson "set the strategy for the future of crypto at (and on) Twitter". Rinearson said: "First, we'll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities. Looking farther ahead, we'll be exploring how ideas from crypto communities can help us push the boundaries of what's possible with identity, community, ownership and more".

Parag Agrawal, Twitter chief technology officer (CTO) will be who Rinearson will be reporting to under Twitter Cryto. Twitter explains that there is "massive and growing interest among creators to use decentralized apps to manage virtual goods and currencies". Meanwhile, Rinearson will be working on these issues, "with a long term goal of exploring how ideas from crypto can help us push the boundaries of what's possible with identity, community and more".

The online poker experience is about to get a major upgrade as the beta launch for Polker is about to go live.

Polker has been created using Unreal Engine 4 and is the first free-to-play play-to-earn poker game that is designed to be an immersive experience that allows players to interact with each other in a highly detailed world. Since the game is built on Unreal Engine 4, the developers are able to provide a virtual experience for gamers, which as Cointelegraph reports, "really sets this metaverse into a league of its own." Additionally, users will be able to personalize their gaming experience by customizing their own world.

Reports also indicate that the next-generation poker game will be the first of its kind in how NFT's are integrated throughout the game's structure. For example, gamers will be able to earn NFTs while they enjoy the game, and these NFTs will grant access to more features to enjoy, such as special deals, new game launches, and tournaments. The developers plan on integrating the VR experience by Q2 of 2022. The entire Polker ecosystem is run off the Polker (PKR) coin, and due to the hype that is circulating the game and the upcoming beta testnet launch, the coin has seen a steep rise in value.

There are many different types of scams that plague the cryptocurrency world, and unfortunately, every day, people fall victim to them, which is why it's wise to keep up to date with the newest scams going around.

One Coinbase customer is feeling the burn from a recent notification scam that has caused the user to lose more than $12 million in Bitcoin. According to Business Insider, the Coinbase customer that goes by the initials G.R. purchased 200 Bitcoin in April worth $12,380,000 at the time of writing this article. Following the purchase, G.R. received a notification telling him that his account had been located and that he needed to call the provided number to initiate the unlocking process.

G.R. proceeded to call the number and was linked to an individual who impersonated Coinbase's customer support. The scammer guided G.R. to change settings in his Coinbase account that allowed for remote access to the account. Assistant U.S. Attorney Dan G. Boyle said, "Once granted access to the Victim Account, UI-1 increased the daily transaction limit and also attempted to deactivate certain notifications and alert settings on the Victim Account."

Patreon could soon allow users to reward their favorite creators with cryptocurrency, with the company reportedly "evaluating" the use of cryptocurrency according to Patreon executives.

At the recent The Information's summit, Patreon executives Jack Conte and Julian Gutman said that Patreon was "evaluating" the use of cryptocurrency. They reiterated a previous hint of "creator coins" that the company could have, which would let users buy to show support to their favorite creators.

Better yet, you could invest in a creator and if they get bigger, you are rewarded -- alternatively, having coins of your creators would give you access to special content reserved just for those coin holders. Conte wouldn't dive into what he and his company had been working on when it comes to Patreon + crypto, but they did talk about the possibility of letting creator coins become a reality soon.

If you haven't heard of Netflix's "Squad Game" show then you must be living under a rock, if you haven't -- wow -- if you have, Squid Game has turned into the SQUID cryptocurrency and has exploded in value in the last 24 hours.

SQUID is up over 1200% in the last 24 hours with a $182 million market capitalization at the time of writing, but as always, these types of coins come with their own warnings. CoinMarketCap has warned that it has received "multiple reports" that people can't sell their SQUID on PancakeSwap, a large decentralized exchange.

The new SQUID crypto popped onto the radar on October 20 and "sold out in 1 second" according to its own white paper, which has taken the same energy as the meme-fueled Shina Ibu which has absolutely exploded -- an $8000 purchase if SHIB back in August 2020 is now worth in excess of $5.7 billion.

Shiba Inu has absolutely exploded over the last few weeks, with one crypto investor putting around $8000 into the Dogecoin-fueled meme coin -- and with the explosion in the price of Shiba Inu -- is now worth over $5.7 billion.

Yes, that's $5.7 billion -- or $5,700,000,000 from an $8000 investment. YOLO.

In August 2020 the crypto investor purchased a rather large bag of Shiba Inu: 70 trillion -- or 70,000,000,000,000. At the time, Shiba Inu was worth around $0.000000000189 while peaking yesterday at around $0.00008500. This is why that $8000 is now worth over $5.7 billion.

The price of Dogecoin cryptocurrency competitor Shiba Inu has only skyrocketed for the last couple of weeks, but now Elon Musk pulled the price of Shiba Inu down by 27% with a single tweet.

Musk was asked by @ShibaInuHodler on Twitter if he had any Shiba Inu himself, to which Musk simply tweeted back "none" and the price of Shiba Inu started to drop. $shib dropped from $0.000004484 to around $0.00003823 at the time of writing -- but the price of Shiba Inu dipped right down into $0.00003472 after Musk's tweet.

I mean sure, Shiba Inu has dropped post-tweet from Musk but the crypto is up a freaking insane amount over the last few weeks, months, and year. Shiba Inu is still at beyond all-time-high price, after skyrocketing from $0.000006905 in May 2021 to $0.00003823 at the time of writing -- a 35,000,000% increase.