Tag: Tech news

Hedge Fund CEO Who Bailed Out GameStop Short Seller Bought the Constitution

Thursday night’s failed auction for a rare physical copy of the U.S. Constitution left crypto Twitter in disarray after ConstitutionDAO lost to an initially mysterious buyer for $43.2 million, the highest amount that any document has ever sold for at auction.  Well, we now know who that buyer is: Kenneth Griffin, the hedge fund billionaire […]

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Discord Backs Off of Crypto After Entire Internet Yells at CEO

Earlier this week, Discord CEO Jason Citron posted a tweet teasing integration between the gaming-focused chat platform and Ethereum, setting off a total shitstorm. The discourse around cryptocurrencies and blockchain collectibles such as NFTs, many of which run on Ethereum, has become extremely heated as of late and it appeared to boil over with Citron’s […]

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The US Government Made It Illegal to Buy These NFTs

Screengrab: OpenSea/weery The U.S. government put 57 cryptocurrency addresses and one exchange on the OFAC sanctions list on Monday for facilitating ransomware and money laundering. As it turns out, one of those addresses controls a bunch of NFTs that are currently still for sale on one of the most popular digital marketplaces.  Advertisement Blockchain infosec […]

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‘Financial Colonialism’: A Bitcoin Mine in Navajo Nation Flares Tensions

Just outside of Shiprock, New Mexico, on land belonging to the Navajo Nation, a Bitcoin mine owned and operated by a Canadian investment company consumes seven megawatts of power each month—enough to power 19,600 homes.  The operation is run by a firm called WestBlock Capital and mines between 23 and 25 bitcoins per month, equivalent […]

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Ted Cruz Says Bitcoin Mining Can Fix Texas’ Crumbling Electric Grid

Texas’ energy grid has problems. Those issues were laid bare this past winter when a storm put the state in a deep freeze, causing blackouts for millions and killing hundreds of people. Sen. Ted Cruz told a cryptocurrency conference in Austin last week that he believes the state’s Bitcoin mining boom could repair its floundering […]

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From Soda to Blackouts, A Global Gas Crisis Is Causing Havoc

China is experiencing rolling blackouts and factory shutdowns. U.K. soda shelves may soon be empty. Fertilizer plants are shutting down and slaughterhouses are growing wary of how long they can withstand periods without a crucial ingredient they need to keep up meat production.  Advertisement The common denominator between all of these strained industries is a […]

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Bitcoin Miner Facing $5.6M Fine for Starting Rogue Power Plant

A Bitcoin miner in Inner Mongolia, China. Image: Bloomberg / Contributor via Getty Images It started with a mysterious humming noise that sounded like a wave “but 100 times more annoying,” according to local reports. Then residents of an estate in Alberta, Canada did some investigating and found out that the weird racket was actually a […]

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Documents Reveal Miami Mayor’s Struggle to Make the City a Bitcoin Utopia

Miami Mayor Francis Suarez speaks at Bitcoin 2021 in Miami. Image: Joe Raedle / Staff via Getty Images Miami Mayor Francis Suarez is a celebrity in the world of cryptocurrencies for his much-publicized efforts to turn the city into a Bitcoin haven. He proposed paying city employees in Bitcoin and allowing citizens to pay taxes with crypto in […]

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A Tesla Big Battery Is Getting Sued Over Power Grid Failures In Australia

Tesla’s Big Battery, located in southern Australia, just got hit with a federal lawsuit for failing to provide the crucial grid support it once promised it could. Built by Tesla in 2017, the 150-megawatt battery supplies 189 megawatt-hours of storage and was designed to support the grid when it becomes overloaded. Now operated by French […]

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