Reserve Bank Of India Deputy Governor Equates Cryptocurrency With Ponzi Schemes
The Reserve Bank of India’s (RBI) deputy governor has compared cryptocurrency to Ponzi schemes. T Rabi Shankar, the Deputy Governor, even suggested that ‘banning’ cryptocurrency was the best option for India in a speech.
How Intel Is Planning To Change Bitcoin Mining Landscape Forever
Intel will show off advancements in its bitcoin mining solid-state circuit designs since the patent was submitted and outline how exactly they will change the bitcoin mining landscape forever. Hardware may commoditize should such new firms enter the market.
New York Couple Arrested For $4.5bn Stolen Cryptocurrency Laundering Scheme
The US Department of Justice stated on Tuesday that a New York couple was arrested and booked for a $4.5 billion cryptocurrency laundering scheme and attempting to deceive the US government.
Self Proclaimed Bitcoin Inventor Craig Wright Wins Major $10 Billion Cryptocurrency Lawsuit
Self proclaimed Bitcoin inventor Craig Wright has wins a major lawsuit which saves him from paying $10 billion in cryptocurrency to his former business partner.
World’s First Volcano Powered Bitcoin City Coming To El Salvador
The Bitcoin-friendly president of El Salvador, Nayib Bukele, said that his country plans to build the world’s first Bitcoin City at a Bitcoin investment summit on Saturday.
Why The ‘Big Short’ Guys Think Bitcoin Is A Bubble
Michael Burry, the quirky hedge-fund manager made famous in The Big Short movie (played by Christian Bale), complains that no one is paying attention to crypto’s leverage. For months, he has been suggesting that bitcoin is on the precipice of collapse.
1,069 Bitcoin Mining Rigs Destroyed By Malaysian Police With A Steamroller
Malaysian cops seized and destroyed 1,069 bitcoin mining rigs by crushing them with a steamroller — after the miners allegedly siphoned off almost $2 million worth of electricity to power the energy-intensive machines.
Bill Gates Wants To Read Your Brainwaves To Mine Cryptocurrency
Microsoft has proposed a way to use your brainwaves to mine cryptocurrency. The application explains how brain activity and personal biometric data of an individual can be used to generate cryptocurrency.
How Elon Musk Lost $30 Billion Overnight
Elon Musk’s months-long run as the richest man on the planet has come to an end. The Tesla shares registered a 6% tumble when the markets opened on Monday, the largest one-day drop in the past six months. It registered a further 10% slide on Tuesday after investors became keen on selling off. Within two days, Musk’s net worth dropped 30 billion USD. The epic loss occurred due to two main reasons.