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“# Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars ” A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led…
“# Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’ ” Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights. Sonnenshein told CNBC’s Squawk Box on Feb. 10…
“# Cryptocurrency market cap hits $1.4T and surpasses Google stock ” Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total…
“# Avoid hosted crypto wallets ‘at all costs,’ warns Elon Musk ” Freewallet, a hosted crypto wallet service known for offering standalone storage services for cryptocurrencies has seen its marketing attempt rebuffed by Elon Musk. Responding to Freewallet’s self-promotional message, Musk retorted: Any crypto wallet that won’t give you your private keys should be avoided…
“# Premier League football club enters VR partnership with crypto betting site ” Premier League football club Southampton FC has entered into a partnership with cryptocurrency betting website Sportsbet.io. The new venture will give Southampton fans the chance to take in the matchday experience during the COVID-19 lockdown via virtual reality headsets, while influencers will…
“# Monero community wants Elon Musk to add XMR as Tesla payment option ” The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Musk’s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that…
“# Nervos launches $5M fund to support DeFi projects ” China’s Nervos Network has launched a $5 million fund to support projects building decentralized exchanges, lending platforms, and other DeFi protocols. According to a Feb. 10 announcement from Nervos, the fund will be used to provide cash grants and direct support to fintech and blockchain…
“# FTX CEO claims competitor responsible for racist messages delivered to Blockfolio users ” On February 9, Blockfolio’s Signal feed was briefly compromised, resulting in some users receiving racist messages within the company’s app. Users said that the culprits went so far as to threaten loss of funds if deposits were not removed from the crypto…
“# Bitcoin flippens Russian ruble after Tesla purchase ” After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble. According to data from AssetDash, Bitcoin’s market cap is $871 billion at the time of publication. This exceeds the…
“# ConsenSys introduces major AirSwap upgrades ” ConsenSys, one of the most prominent Ethereum software companies, has launched an updated version of AirSwap, a peer-to-peer exchange that promotes full decentralization and guaranteed prices. ConsenSys introduced the new AirSwap on Tuesday, culminating “Phase II” of its development roadmap. The technical upgrades were based on AirSwap Improvement…