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Bitcoin News

Rohail Saleem - By Moving Around $2 Billion Worth of Bitcoin at a Cost of Just $1.48, the US Government Has Inadvertently Advertised the Cryptocurrency’s Efficiency - wccftech.com - Usa

By Moving Around $2 Billion Worth of Bitcoin at a Cost of Just $1.48, the US Government Has Inadvertently Advertised the Cryptocurrency’s Efficiency

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

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Chris Szewczyk - Iceland's prime minister favors farming over finance as Bitcoin miners feast on the island's cheap power - pcgamer.com - Iceland

Iceland's prime minister favors farming over finance as Bitcoin miners feast on the island's cheap power

Whether you're a Bitcoin maximalist, you think it's a giant scam or you fall somewhere in between, what's not up for debate is that Bitcoin mining uses a lot of energy. In order to keep costs as low as possible, miners look for cheap energy. The lower the energy costs, the greater the profit. And there are few countries with energy costs as low as they are in Iceland. The exploding demand for cheap power means Iceland has become a global hub for Bitcoin mining, and that's something Iceland's Prime Minister Katrín Jakobsdóttir is not happy with.

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Nick Evanson - UK police bust a fast food worker turned £3 billion bitcoin scam member on a £7.5 million money laundering charge - pcgamer.com - Britain - China - city London - city Dubai

UK police bust a fast food worker turned £3 billion bitcoin scam member on a £7.5 million money laundering charge

It's not every day that you read that a five-year investigation to crack an illegal operation involving billions of pounds worth of bitcoin was solved thanks to the excessive spending habits of an ex-takeaway worker, but that's exactly what's recently happened. The person in question has been found guilty of laundering 150 bitcoins, worth a mere £7.5 million, but the UK's Metropolitan Police ultimately seized a staggering total of 61,000 cryptocoins.

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Chris Szewczyk - Who is Satoshi Nakamoto, the creator of Bitcoin? It's not Craig Wright according to a UK judge - pcgamer.com - Usa - Britain - Australia

Who is Satoshi Nakamoto, the creator of Bitcoin? It's not Craig Wright according to a UK judge

The identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is the biggest mystery in the crypto world. There's been a lot of speculation as to who the person or persons behind the first and most valuable crypto really are—and there are a few claimants too. The most publicized of whom is Australian academic Dr Craig Wright. However, after years of litigation, a UK high court judge has ruled that Wright is not Satoshi Nakamoto.

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Rohail Saleem - “The Only Person on Earth Who’s Not Legally Satoshi Nakamoto” – Craig Wright Gets Brutally Trolled as His Bitcoin-Related Claims Stand Discredited - wccftech.com - Usa - Britain - Australia - county Wright

“The Only Person on Earth Who’s Not Legally Satoshi Nakamoto” – Craig Wright Gets Brutally Trolled as His Bitcoin-Related Claims Stand Discredited

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

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Chris Szewczyk - Demand for AMD CPUs surges as crypto mining rises from the ashes - pcgamer.com

Demand for AMD CPUs surges as crypto mining rises from the ashes

Anyone that was in the market for a GPU in the period from 2020 to 2022 would remember the ridiculous prices caused by demand from miners. Among other reasons related to the pandemic, GPUs were particularly strong at Ethereum mining, leading to shortages of graphics cards. Thankfully that came to an end in September 2022, but now that we're well into 2024, are we seeing a new mining crunch? This one's in the form of CPUs, specifically, the AMD Ryzen variety.

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Hassan Mujtaba - AMD Ryzen 9 7950X CPU More Profitable In Mining Than Fastest GPUs As Crypto Once Again Sees Rise After Bitcoin Jump - wccftech.com - Usa - After

AMD Ryzen 9 7950X CPU More Profitable In Mining Than Fastest GPUs As Crypto Once Again Sees Rise After Bitcoin Jump

AMD's Ryzen 9 7950X CPU has become a popular mining option, earning more profits than the fastest GPUs, as the crypto craze once again picks up.

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Rohail Saleem - The US Government Expects Bitcoin To Hit Between $250,000 and $6 Million in Around a Decade, as per the Assumptions Embedded in the Budget Document - wccftech.com - Usa

The US Government Expects Bitcoin To Hit Between $250,000 and $6 Million in Around a Decade, as per the Assumptions Embedded in the Budget Document

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

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