Cryptocurrency & Mining News - Page 32

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".

Musk also confirmed that the only publicly traded stock that he owns is Tesla's and that he also holds Bitcoin, Ethereum, and Dogecoin cryptocurrencies. He said: "The only significant thing I own outside of Tesla is SpaceX".

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.

I was in the middle of writing my news for the day, while it was around 4:20AM at the time when I noticed it (Elon must be checking over my shoulder) and I notice Dogecoin is trending on Twitter. I check the price, it has spiked 10% or so -- time to see if Elon has tweeted about Dogecoin.

Elon Musk didn't tweet about Dogecoin but he did change his Twitter profile picture, which now has Musk with a pair of aviators looking all dapper -- with Dogecoin reflected in the glasses. The price of Dogecoin had fallen to around $0.17 in the last 24 hours -- most of the crypto market has been suffering -- with this news popping it close to $0.19 at the time of writing.

Anonymous has just released a new video, announcing a brand new cryptocurrency out of nowhere: introducing Anon Inu.

In their video, Anonymous takes a few swings -- starting with China and the CCP squeezing Bitcoin, miners, crypto owners, and everyone in between. The CCP is planning to launch its own cryptocurrency, the digital Yuan, and once this is done there will be no other currencies accepted within its borders.

You can read all about Anon Inu here.

One of the co-creator of Dogecoin has dropped some bombs about reentering the cryptocurrency market on his personal Twitter account.

Jackson Palmer took to his Twitter account to talk about if he is planning on making a "return to cryptocurrency". In the tweets, Palmer states that after studying cryptocurrency for many years, he believes that cryptocurrency is "inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity."

Palmer continues to explain that he believes the cryptocurrency industry is controlled by a group of wealthy individuals that he describes as a "cartel". On top of that, Palmer says that the system has evolved into something that has begun to incorporate many aspects of the centralized financial system, which is the exact opposite of what the cryptocurrency industry set out to replace/avoid. For more information on this story, check out this link here.

Cardano (ADA) is getting more attention from both retail and institutional investors, according to a report from NewsBTC.

The report states that retail and institutional investors are becoming more attracted to cryptocurrency due to its energy footprint. Since ADA is a proof of stake blockchain, it requires much less energy to run, unlike other cryptocurrencies such as Bitcoin and Ethereum. Tesla recently stopped accepting Bitcoin as payment for its electric vehicles, citing the energy costs of mining Bitcoin.

NewBTC states that ADA has attracted more than $24 million in investments from institutions and that the coin is one of the leading cryptocurrencies to get the attention of investment funds that are willing to open to their wallets. At the moment, 70% of the entire ADA supply is currently being staked, and the price of the coin is sitting at around $1.20. For more information on this story, check out this link here.