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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of Manitoba is halting new connections of crypto mining centers to the province’s hydroelectric grid, the Canadian press reported. Officials explain the move with the potential for increasing energy demand that the region may not be able to meet. The suspension, imposed for a period of
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Real Retirement: This 82-year-old has found his true calling in retirement: Moose
Butch Phillips has been etching birch bark to make moose calls for about 30 years.
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MLP Monthly Report: November 2022
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Beetlejuice’s NFT Surpasses Top Collectibles of Tom Brady, Superman and Michael Jackson at Goldin Auctions
PRESS RELEASE. Celebrity NFTs have proven to be an important collectible class that continues to rise in popularity, including traditional auction sites. Beetlejuice, the pop-culture icon with millions of Howard Stern Show fans and social media followers, is now conquering the NFT world. His NFT continues to receive more views on Goldin‘s February Elite Auction than some of the most established collectibles of all-time, including Superman Comic #1, Tom Brady Autographed Rookie Card and Michael Jackson’s Stage-Worn Glove. Beetlejuice’s manager of 20 years, Bobby Rooney said, “Beetle’s fans always wanted him to have the highest level collectible. That’s why it
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Report: Intel Reveals ‘Bonanza Mine BMZ1’ Blockchain Accelerator Mining Chip
Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information concerning Intel’s new crypto mining accelerator chip has been revealed to the public, according to various reports covering 2022’s ISSCC event. On February 12, Bitcoin.com News reported on Intel’s intentions to craft blockchain accelerator chips as Intel executive Raja M. Koduri described Intel’s goals. Intel’s
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A DAO Is Attempting to Raise $4 Billion to Purchase the Denver Broncos
A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the Denver Broncos Franchise A newly formed DAO called “Buy the Broncos DAO” (BBD) is following in the footsteps of various DAOs created in the past year. Last year, there was one DAO that tried to purchase a rare copy of the U.S. constitution, but the Constitutiondao didn’t win the
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Technical Analysis: QNT, LUNA Lead Monday’s Crypto Rebound
Following a bearish start to the week, the crypto market rallied throughout the afternoon, with quant (QNT) and terra (LUNA) leading the gainers. Earlier losses in bitcoin and ethereum were also lessened, as the overall market was up 1.35% as of writing. Biggest gainers Cryptocurrency markets have been under considerable pressure from bears in the last week, however, this somewhat eased as some bulls returned on Monday. Terra (LUNA) was one of these, and was up over 7% as of writing, hitting a high of $53.61 in the process. Despite this, it was quant (QNT) that was today’s biggest gainer
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New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpoenas
A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed a subpoena enforcement action against Terraform Labs and the startup’s CEO, Do Kwon. U.S. Regulator Gets New York Judge to Side With Investigative Subpoenas Plea On February 17, 2022, a court order signed by the United States district judge J. Paul Oetken details that the startup Terraform Labs must comply with the SEC’s investigative
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Lower for a Sixth Straight Day
Bitcoin was trading lower to start the week, as markets were anticipating the release of U.S. president Biden’s executive order on cryptocurrencies. Ethereum also remained in the red, and continues to track at multi-week lows. Bitcoin Bitcoin prices were almost 12% lower from the same point last week, as prices fell for a sixth straight day on Monday. Following a high of $39,394.44 on Sunday, BTC/USD dropped to a low of $37,358.00 to start the trading week. The move saw BTC near its long-term support against the dollar of $37,200, hitting its lowest level since February 4 in the process.