Items tagged with bitcoin

It has been a tumultuous week for cryptocurrencies as many of the major coins have taken a nosedive off a cliff, such as Bitcoin sitting at $34,000 at the time of writing. As this is happening, many crypto exchanges, like Binance and Coinbase, are feeling the pressure and may be struggling for it. Citing issues like... Read more...
Over the past two weeks, Colonial Pipeline has been battling a ransomware attack that crippled fuel flow to the eastern seaboard. This was supposedly not intended to be as catastrophic as it was, but the hacking group behind the attack, DarkSide, has quite a bit of experience in ransomware. The group has reportedly... Read more...
Meme coins have been on the rise, with Dogecoin taking off and other cryptocurrencies attempting to follow suit. This has caused some trouble for the rest of the cryptocurrency world as fees have gone up and the legitimate cryptocurrency market is diluted. Now, one of the cofounders of Ethereum, Vitalik Buterin, has... Read more...
Tesla founder Elon Musk ruffled some feathers on Twitter by announcing that Tesla is no longer accepting Bitcoin currency. Just hours after the tweet went out, Bitcoin's value plunged 17 percent from around $54,800 to $45,700. It has since regained some of its value, but the cryptocurrency is still down more than 10... Read more...
As we reported over the weekend, Ethereum has seen a monumental rise in value during the opening months of 2021. Ethereum kicked off the new year valued at $730 and this morning surpassed the $3,000 mark to hit $3,148 (as of this writing). To put this performance in perspective, just a week ago, Ethereum was sitting... Read more...
Gamers looking to purchase a current-generation graphics card from NVIDIA or AMD at MSRP have found the task damn near impossible. There are several reasons for this phenomenon, including the immense performance that these graphics cards provide in games; the resulting demand from gamers eager to get their hands on... Read more...
When we hear of ransomware attacks, it usually involves high-value targets, such as the recent $50 million attack against Apple supplier Quanta. This time, a ransomware gang took a different approach and targeted consumers and small businesses using QNAP devices and subsequently encrypted their files. In just five... Read more...
When people think of cryptocurrencies, they typically think of the big players like Ethereum or Bitcoin, both of which hit new heights this year. Besides these two major cryptos, there is a whole world of alternates out there that people have created, including a smaller meme-coin called Dogecoin. This coin was... Read more...
It doesn't take a rocket scientist to figure out that cryptocurrencies are soaring to new highs. The valuation increases have also brought in a wealth of individuals and companies looking to cash in by mining for cryptocurrencies like Ethereum with GPUs that gamers would have otherwise bought. The huge cryptocurrency... Read more...
A fraudulent app in Apple's App Store enabled a scammer to swipe $600,000 worth of Bitcoin from an iPhone user, depleting him of his life savings that he hoped would salvage his dry cleaning business. It's an unfortunate situation that both serves as a cautionary cryptocurrency tale, and highlights a need for better... Read more...
Cryptocurrency is slowly but surely growing in popularity with a broader global audience. Now that Elon Musk has begun to accept Bitcoin for Tesla purchases, that trend is only going to continue. As such, PayPal is jumping on the bandwagon of accepting crypto as a payment method for anything. Perhaps people will... Read more...
Most people would never consider trying to mine Bitcoin (or any cryptocurrency) on an original Game Boy, a handheld console released by Nintendo over three decades ago. But would it be a feasible mod if someone paired a Game Boy with Raspberry Pi Pico, which is less than a year old? The answer is still no, but someone... Read more...
In February, we reported that Tesla went in on Bitcoin, investing $1.5 billion and laying the groundwork to accept payments using the cryptocurrency. Since then, Bitcoin is up over $13,000, which has earned Elon Musk’s company in the neighborhood of $480 million. Now, Tesla intends to increase its amassed wealth by... Read more...
Earlier this month, NVIDIA announced its CMP HX family of Crypto Mining Processors, which are intended for professional miners looking to make some big bucks. This week, we found out that the entry-level CMP 30HX and 40HX feature the Turing TU116 and TU106 GPUs, respectively.  Today, VideoCardz revealed that the... Read more...
Yesterday, cryptocurrency exchange Coinbase filed with the Securities and Exchange Commission (SEC) to go public with class A common stock under the symbol COIN. In the filing, the Delaware-based company listed its risk factors, including the outing of Bitcoin creator Satoshi Nakamoto, the pseudonym used by the person... Read more...
One week ago, NVIDIA announced a dedicated lineup of mining GPUs called the Crypto Mining Processor (CMP HX) Series. The company said that the "headless" cards are targeted at the "professional mining" market and that "they don't meet the specifications required of a GeForce GPU and, thus, don't impact the... Read more...
Overnight and into today, you may have seen #CashAppStealsMoney briefly trending on Twitter with several thousand tweets chiming in. This stems from Imani Gandy, who goes by the user @AngryBlackLady on Twitter, who learned the hard way that CashApp can close your account and keep the cash if you happen to violate the... Read more...
The launch of NVIDIA's GeForce RTX 3060 is just around the corner, which means that budget gamers are probably eagerly anticipating an upgrade. NVIDIA first announced its newest mainstream graphics cards in early January, and it will officially launch on February 25th. However, one thing that many people have... Read more...
Bitcoin is still on the rise, having yet again hit a new record high, this time topping $50,000 for the first time ever. It achieved the milestone yesterday morning, before dropping back below the threshold—at the time of this writing, it is trading for a few hundred bucks above $48,000, giving Bitcoin a market cap of... Read more...
Mastercard is unabashedly planing to embrace cryptocurrency payments, a decision it made after observing people using cards to purchase crypto assets with increased frequency, especially on the heels of Bitcoin's recent surge in value, the company said. It is preparing for a future in which cryptocurrency transactions... Read more...
Early in January, JP Morgan predicted Bitcoin's future price could surge upwards to $146K a coin with a market cap of around $2.6 trillion, which would rival gold as an alternative form of investment. Of course, this theory hinged on the speculation that volatility would decrease and that private companies would latch... Read more...
The graphics card shortage we find ourselves in this year is at least partially caused by cryptocurrency miners snagging mass amounts of cards with bots, or by other means. That sort of GPU gluttony does not come without consequences, however, as Iran is now finding out. With over a dozen large crypto-mining... Read more...
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