Cryptocurrency And Technology News

The latest cryptocurrency and technology stories, summarized by AI

cryptocurrency-and-technology4.565 min read

"Coinbase's $0 Balance Glitch and Aptos' Hong Kong Ambitions: A Week in Crypto News"

Bitcoin's price surged over $60,000, causing Coinbase's app to crash, while Telegram announced a plan to pay rewards using toncoin on the TON blockchain. Nigerian crypto users faced difficulties with some exchanges, and Starbucks Odyssey's community lead sees NFTs as a way to build brand loyalty. The crypto market saw significant gains, with bitcoin and ether both jumping about 23.6% and 18%, respectively, and the total market cap increasing to $2.34 trillion. Additionally, various crypto-related startups secured significant funding rounds, and a podcast series on NFTs and web3 was highlighted.

1 year ago•Source: TechCrunch

2.665 min•1 year ago

Bitcoin's Energy Debate: Satoshi's Early Emails and Climate Concerns

Newly released emails from 2009 show that Bitcoin's creator, Satoshi Nakamoto, foresaw the potential for the cryptocurrency to consume significant energy due to its Proof of Work consensus algorithm. Satoshi also expressed concerns about legal scrutiny and envisioned non-financial uses for blockchain technology. The release of these emails coincides with a trial to determine if Craig Wright is indeed Satoshi Nakamoto. The debate around Bitcoin's energy consumption continues, with industry proponents highlighting its efficiency compared to traditional banking, while critics focus on its raw energy usage.

via CoinDesk