• news
    Africa,  Alt coins,  Bitcoin,  Media,  Politics

    Must-reads for August 21, 2018

    Here are the crypto stories you should be watching today

    Stop worrying about how much energy bitcoin uses (The Conversation) The title of this piece is misleading but that’s the product of editors trying to game social media by getting people to share stories since few people actually read the whole article. University of Pittsburgh researcher Katrina Kelly-Pitou argues, “Rather than discussing the energy consumption of bitcoin generally, people should be discussing the carbon production of bitcoin, and understanding whether certain mining towns are adding to an already large environmental burden.”   ‘Bitcoin Jesus’ Is Having a Hard Time Winning Over True Believers (Bloomberg) Usage of cryptocurrencies as payments has slumped in the past several months. Transactions involving Bitcoin Cash,…

  • news
    Bitcoin,  Media,  Ripple

    Must-reads for August 6, 2018

    Here are the crypto stories you should be watching today

    Wells Fargo says hundreds of customers lost homes after computer glitch (CNN) One of the nation’s biggest mortgage lenders is under fire yet again. This time, it acknowledged that 625 people were kicked out of their home because Wells Fargo’s computers allegedly had a “glitch” (Ah, yes, the “dog ate my homework” excuse). Not indirectly related to blockchain, but crypto enthusiasts are collectively tut-tutting and saying “See? I told you so. This never would’ve happened with blockchain tech.”   Goldman Sachs Is Considering a Custody Offering for Crypto Funds (Bloomberg) Funds looking for a bank to hold their crypto may one day have Goldman Sachs as a custodian, according to…

  • Plattsburgh, N.Y.
    Bitcoin,  Cryptocurrencies,  Innovators,  United States

    City becomes first in U.S. to ban new crypto mining

    But local miners aren’t packing up just yet

    As state regulators grapple with crypto mining’s energy drain, one upstate New York city is taking matters into its own hands by making it illegal for new miners to come to town.   Plattsburgh’s city council unanimously voted late Thursday night for an 18-month moratorium on new cryptocurrency mining operations in the city. This makes them the first city in the U.S. to pass such an ordinance. Miners were first attracted to the small city near the Canadian border on the western bank of Lake Champlain for its relatively cheap electricity. But locals weren’t happy when their home electric bills shot up this winter. The ban only halts on new…