For those who were watching their bitcoin and cryptocurrency portfolios drop significantly yesterday probably wondered what caused such a downward spiral then sudden rise of nearly $8,000 in less than a 24 hour time period. This is the reason why I believe caused it to come out of the ashes of misery yesterday: Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.That is a massive amount of funds to be piling into bitcoin from a technology company who's CEO has publicly questioned a competitive rival Apple's own future recently in an interview. So just the news of the board of even discussing about moving this much into bitcoin most definitely would put a jump into the step of the entire bitcoin market. Here is the complete article: https://www.altcoinbuzz.io/cryptocurrency-news/meta-advised-to-bet-on-bitcoin-for-inflation-hedge |
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Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption: "I'm in Istanbul and look what I came across. There are some things you just can't escape from."  https://x.com/PeterSchiff/status/1810663017266487638While Willy Woo, an advocate of bitcoin posts several hours later along with a chart showing it is a benefit for their economy struggles: "It's because #Bitcoin is shield against hyperinflation in Turkey."  https://x.com/PeterSchiff/status/1810663017266487638Haven't tried to translate what is said but it has to be for the greater good since they have a QR code. Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold. Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf. https://blockworks.co/news/bitcoin-etfs-gold-funds-flippeningSo my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence? I heard a few months ago his own son is holding some bitcoin which I found hilarious. |
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Seen a video released recently about how the video game industry had been trying to reinvent itself by offering a reward in the form of cryptocurrency for those who choose to play their games. Now this is not new and I remember how people were saying they were playing a very well known title of these play-to-earn video games in exchange for cryptocurrency called Axie Infinity. Where some were playing for extended amounts of time and claimed they had made enough to afford a modest house where they reside. This was more so for those players of these crypto-games who hail from the Philippines. But times have changed since then and from what I remember the coin from those earlier games had dropped significantly. And these games such as the one fore mentioned had fallen off and not as popular as it was before due to the drop in in price. But now there are a new batch of games that those developers want to pay players to play once again. So here is the video report on this phenomenon making the rounds once more in the land of the Philippines where playing a game can make you enough in riches so to make a living? You can decide for yourself if this statement has any truth to it or if those companies are just taking advantage of the situation to the impoverished who do not have stable work. Playing crypto games for a living: Filipinos seek to escape poverty" Can you make a living from playing video games? Millions of Filipinos who earn cryptocurrency playing online games seem to think so. Players earn tokens they then trade in a virtual market for pesos or dollars. They can earn up to twice the minimum wage – an irresistible prospect for young Filipinos hoping to escape poverty. But cryptocurrencies are also extremely volatile. Their value in the Philippines is estimated at $7 billion, but they can collapse at a moment’s notice. Our team on the ground reports."      source from France24 a public broadcast service: https://www.youtube.com/watch?v=2Q0-n8WHlwI |
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With the BRC-20 tokens taking up the majority of the block size on transactions sent to the bitcoin blockchain in the past three weeks causing chaos and having users of bitcoin paying enormous fees, one of the first exchanges in the US have had enough. They sent their customer base newsletter out in an email late yesterday about a certain token known as pepe. The email entails and describing the Pepe meme as a hate symbol co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community. source: https://cointelegraph.com/news/coinbase-calls-pepe-a-hate-symbol-prompting-calls-to-boycott-the-exchangeOnly 24 hours ago the pepecoin backers with the community on twitter were asking Coinbase to list the BRC-20 token on their exchange with screen captures of the symbol on their own webpage, either real or photoshopped on several of crypto influencers twitter feeds. But now they are all up in arms against the American exchange with these mass emails being sent out with no hope in sight for their beloved green frogfaced meme which was created back in 2005 and made the rounds on huge online media sites such as reddit and 4chan. https://www.coindesk.com/business/2023/05/11/coinbase-newsletter-flags-rise-of-pepecoin-and-brc-20-tokens-irks-crypto-twitterSince then, there was some news about pepe & memecoins topping Coinbase in trading volume just today. Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coinshttps://decrypt.co/139594/uniswap-volume-leapfrogs-coinbase-pepe-meme-coins"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million." Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency. |
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This was an interesting set to see late last night while surfing my usual youtube channels seeing a clip of the well-known Bitcoin & Cryptocurrency scam detective Coffeezilla who had inteviewed Sam Bankman Fried right before FTX CEO was set to be prosecuted before the court. He was first mentioned back in November 2022 on the famous podcast hosted by none other than Joe Rogan announcer of the UFC corporation. Talking about how Stephen Findeisen better known by his cyber sleuth name Coffeezilla had exposed and has put authorities on the biggest fraudsters and scammers in the bitcoin and cryptocurrency sector. The full podcast can be viewed here where they discuss the role he played in the collapse of FTX as he crashed the interviews of Sam Bankman Fried several time and even made the former FTX CEO show the kink in his amour when he specifically called him by name and stated to stop coming on there to ask him these type of questions. Nobody else caused the normally scripted SBF to go off his tangent and get upset live on those streams. https://www.jrepodcast.com/episode/joe-rogan-experience-1951-coffeezillaReddit post on the podcast from yesterday: https://www.reddit.com/r/CryptoCurrency/comments/11l86v8/coffeezilla_the_crypto_detective_made_it_on_the |
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The one who introduced El Salvador to bitcoin with his company's method of payment to the masses is pairing it with a visa card. So to be able to facilitate crypto payments over the lightning network for a smooth transaction to retailers. The card also will give it's users a way to earn rewards on those crypto payments.  https://twitter.com/Strike/status/1557828743925727234?s=20&t=rdULmbYDzpFwMia4qjGJOg"The company announced the launch on its Twitter Thursday evening, telling users they can now “take Strike anywhere and earn rewards on everyday spending.” The rollout will begin with a waitlist. Strike is one of the better-known apps built on the Lightning Network, a Layer 2 protocol designed to speed up Bitcoin-based transactions. The app made headlines in April when CEO Jack Mallers announced a deal with Shopify that would allow merchants to take payment in crypto, but receive dollars. In a series of tweets, Strike said users will be able to use the new card for direct deposits, to be paid in bitcoin, buy bitcoin, send and receive money, spend funds using Apple Pay and Google Pay, and earn rewards." source: https://www.theblock.co/post/163162/lightning-network-app-strike-touts-new-visa-card |
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I have been mining for a while now, since 2016 so not new to the scene and have troubleshooted countless issues in the past but never have come across this one before.
Have an Asrock H81 Pro BTC version 1 board from my very first rig build but had been put out of commission for the past three years and put in a drawer.
Had to get it back into service when my Asus B250 Mining expert went down back in October of last year. So it has been running like a champ for the past four to five months without any issues.
All the sudden when I adjusted the configuration of the cards on the pci-e slots it stopped working.
First it would take several clicks of the power reset button to get it to power on. I mean atleast 10-15 attempts so it powers up the board when it originally took one.
While it powers on it would start up for 2-3 seconds then it would shut down then power on again on it's own without needing to touch the power button.
It would do this three times in total, power cycling.
Then after the third time it will hang and not go into post.
Did the normal troubleshooting of removing the cmos battery for several minutes and then reinserting it, removing the ram and reseating and removing the connections of the pci-e and trying it that way.
Nothing changes.
Is the board just too old and it has failed?
I had never encountered such an odd instance of a board just doing these power cycles then hanging.
Any suggestions before just disposing of this 6+ year old board?
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Just intime for the Superbowl, South park in their first episode of the season has mentioned what Matt Damon had said during the commercial for Crypto.com which ran during an NFL game several months ago. The story and clip can be viewed here: https://www.nme.com/news/tv/south-park-mocks-matt-damons-cryptocurrency-advert-in-new-season-premiere-3153980"The first episode of the animated series’ 25th season saw Cartman mocking the actor, who compared being a crypto investor to an array of milestones in human achievement in the advert before signing off by saying: “Fortune favours the brave.” Clyde then responds with: “My dad said he listened to Matt Damon and lost all his money.” Cartman counters: “Yes, everyone did! But, they were brave in doing so!” |
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A former hacker from the 1990's helps out an owner of a well-known hardware wallet white-hat brute force into their device so to recover the cryptocurrency worth over $2 million after bypassing the security measures put in place by the company. Very clever showing step by step on how this was achieved when a company proclaims their devices are hacker proof. He put the findings up on their website for submission and the french company was greatful and have since plugged up this hole in it's security on these devices via a firmware upgrade.  https://www.youtube.com/watch?v=dT9y-KQbqi4source: https://www.theverge.com/2022/1/24/22898712/crypto-hardware-wallet-hacking-lost-bitcoin-ethereum-nftThe company in question had responded to the video above and stated this was an exploit back in 2017 and had since been resolved. The device must of not been updated since that firmware since the owner could not gain access to the device so to do that upgrade. So he was lucky in this retrospective.  |
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Everyone who is into bitcoin has heard this story before. A guy cloned his hard drive and threw away the wrong drive in the trash and knows it was in a landfill site. Think they made a episode on the US sitcom series Big Bang Theory out of it. But the story didn't end there as the person wants to have permission to excavate the site looking for this hard drive with over $275 million worth at today's price of bitcoin.   "A man from the Welsh city of Newport has offered his city council a 25% cut of his 7,500 bitcoins if it allows him to excavate the landfill where he threw away a hard drive containing the fortune in 2013."source: https://www.businessinsider.com/man-offers-council-70-million-dig-up-bitcoin-hard-drive-2021-1He is willing to give the city of Newport in the UK a cut of the bitcoin at a sum of $70 million so to be able to do this with approval of their local government. This story has been run all around the globe at this point and has alot of people scratching their heads as to why he would need permission to rummage around a landfill site in garbage. Alot of countries allow those who want to go around their local trash site looking for pop cans for recycling or whatever they want to bring out of it. Since it is just garbage there. https://www.cnbc.com/2021/01/15/uk-man-makes-last-ditch-effort-to-recover-lost-bitcoin-hard-drive.htmlCall it the green initiate if you want but there are many who scavenge around in trash looking for those gems. As they say: "One man's trash is another man's treasure!" |
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There was some thing on BBC news recently about Kazakhstan and their involvement in the bitcoin currency mining boom going on just behind the US since China has banned it. There was a recent investor who claims to have spend $50k to start one up in just 5 days. But now the government have started to seen this and has used 8% more of electricity used for the country so has tried to stop it. With shutting down the internet for some days this month has shown a slow down in the network and thus the dip in price. This is not a good sign to have the total hashpower centralized like this. https://www.wired.com/story/kazakhstan-cryptocurrency-mining-unrest-energyHave your say. |
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