Tag: Cryptocurrency news

Peter Thiel Calls Warren Buffett Bitcoin ‘Enemy Number One’

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Billionaire venture capitalist Peter Thiel said Thursday that US entrepreneur Warren Buffett is “Bitcoin’s number one enemy.” Thiel was speaking at the Bitcoin Conference held in Miami, Florida. According to Thiel, Buffett is on top of the “enemy list” of people trying to stop cryptocurrency. Thiel told a booed Miami crowd that Buffet was “the sociopath grandfather from Omaha,” according to CNBC. “Let’s expose them,” he told the audience. Peter Thiel, co-founder of PayPal and Palantir, has stated several times in the past that he regrets not investing enough in…

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NCPI says it is “not aware of any UPI crypto exchanges.”

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India’s National Payments Corporation (NPCI) said Thursday that it is not aware of any cryptocurrency exchange using the Unified Payments Interface (UPI) for transactions. “Referring to some recent media reports about purchasing Cryptocurrencies using a UPI, the National Payments Corporation of India would like to clarify that we are not aware of any crypto exchanges using a UPI,” the NPCI said in a statement. NPCI is the umbrella organization for all retail payments and settlement systems in India. It should be noted that UPI has crossed the trillion dollar mark…

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Bored monkey avatar collector loses $567,000 NFTs in direct swap scam

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Non-fungible token (NFT) hacks are on the rise again, and this time the Bored Ape Yacht Club (BAYC) collector has been scammed. Boring monkey holder named ‘s27’ missing gum monkey and matching spikes worth $567,000 after swapping NFTs on an exchange called ‘Swap.Kiwi’. This platform allows direct NFT swaps between collectors, with reduced transaction fees. BAYC NFT is owned by celebrities such as basketball icon Steve Curry, music artist Post Malone, and even American TV host Jimmy Fallon. The Twitter account ‘quit’, which tracks all the popular NFT monkey avatars,…

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Bitcoin of America Adds Shiba Inu to Their Bitcoin ATMs

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Cryptocurrency Shiba Inu will now be available at all Bitcoin of America (BTM) ATM locations. Bitcoin of America is an ATM distributor where users can liquidate their cryptocurrency into fiat currencies directly. It has more than 1,800 BTMs across 31 states. It is worth noting that Bitcoin of America also offers Litecoin and Ethereum options. This news comes after Dogecoin was recently added in March of this year. It is also registered as a financial services company with the US Treasury. Bitcoin of America recognized the growing popularity of Shiba…

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Trezor crypto hardware wallet confirms phishing attack in newsletters

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Trezor, a cryptocurrency hardware wallet provider, is the latest company to be targeted by cybercriminals. Hackers sent fake data breach notifications to crypto wallet users through the company’s mailing list. For non-starter cryptocurrencies (Ethereum, Bitcoin, etc.) and NFTs are stored in Something called – crypto wallet. These wallets are offline (for devices) and online (on the cloud). Cyber ​​security experts recommend using hardware wallets as they are more secure and reliable. To access any crypto wallet, you need something called a passcode, which is similar to your password. While creating…

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Program Code Change Will Reduce Bitcoin’s Energy Use by 99.9%: Climate Clusters

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Bitcoin mining uses more electricity than all the electricity that Sweden does, according to a report from the University of Cambridge. In a new campaign launched, a group of Bitcoin climate activists want to change their algorithm from Proof-of-Work to proof of stake To reduce climate consumption. The campaign called “Change the code, not the climate” aims to get Bitcoin to change its algorithm, which will significantly reduce the competition for cryptocurrency mining. Ultimately, reducing carbon dioxide emissions from using expensive hardware to mine cryptocurrency. According to a report cited…

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Bitcoin has reached 19 million milestones, with only 2 million left to mine

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Of the 21 million Bitcoin traded, 19 million were mined on April 1. Now, there are only 2 million bitcoins left to be mined. This achievement comes nearly 12 years after the first block, consisting of 50 bitcoins, was mined on January 9, 2009. It should be noted that the remaining bitcoins have not yet been mined) until the year 2140. The 19 million block “730002” was mined by SBI Crypto. For starters, Bitcoin is one of the few cryptocurrencies with a limited supply. Bitcoin inventor Satoshi Nakamoto has limited…

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How the Next Big Ethereum Key Could Change the Crypto Mining Industry Forever

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Ethereum plans to do this by switching from a Proof of Work to Proof of Stake model. In today’s column, we take a look at how the new Ethereum upgrade could change the crypto mining industry forever. Transaction Verification Cryptocurrencies use huge amounts of electricity to secure their networks. This is done via Something called crypto mining. Cryptocurrency mining is not just a way to add or create new coins. Crypto mining also involves validating cryptocurrency transactions on the blockchain network and adding them to a distributed ledger. For example,…

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Blockchain Project Ronin suffered a $615 million crypto heist

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Ronen, a blockchain project, said on Tuesday that hackers stole cryptocurrency now worth about $615 million from its systems, in one of the largest cryptocurrency thefts on record. The project said that on March 23, unknown hackers stole about 173,600 Ether tokens and $25.5 million. At current exchange rates, the stolen money is worth $615 million, but it was worth about $540 million at the time of the attack. This makes it the second largest crypto theft on record, according to blockchain analysis firm Elliptic. Ronin is used to power…

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The new Ethereum upgrade is supposed to reduce energy usage: Here’s how it works

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Ethereum, the blockchain behind the cryptocurrency Ether, announces a major update that aims to reduce the massive energy expended on Ether mining by 99.95 percent. The company announced a move to a Proof of Stake (PoS) mechanism away from the existing Proof of Work (PoW). With the new update, “Ethereum’s energy expenditure will be approximately equal to the cost of running a home computer per node on the network,” the Ethereum website claims in a blog post. But what does this mean? We take a look at how the new…

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