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Category: bitcoin – Page 20

The volcano bitcoin mining is also super eco-friendly: 3.

El Salvador has officially begun to mine Bitcoin using the power harnessed from an honest-to-god volcano — and the so-called “volcanode” has already made 0.00599179 bitcoin, or about $269, according to a tweet by president Nayib Bukele.

“We’re still testing and installing, but this is officially the first Bitcoin mining from the volcanode,” Bukele wrote.

Relying on green geothermal energy to mine Bitcoin makes a lot of sense given that the process is extremely power intensive.

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Grayscale wants to convert the trust to an ETF, one that owns bitcoins rather than futures, to lose the discount. Which raises a question: why has the Securities and Exchange Commission approved a bitcoin futures ETF, and not yet a plain bitcoin ETF? Bitcoin is tricky enough. Adding futures compounds the trickiness.

I’m not sure what the answer to this is, but it seems to be that bitcoin scares the SEC, because God knows where it originates (in a server farm somewhere in China?), who holds most of it (cyberbaddies?), what it is used for (illegal activity?), or what risks it may entail (hacking? Fraud?). Bitcoin futures, by contrast, are created and traded within the confines of the CME, under the watchful eye of the Commodity Futures Trading Commission, in the upstanding American city of Chicago.

And a few more words on margins.

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Commenting on Elon Musk’s Dogecoin fortune, one youtuber drew the billionaire CEO of SpaceX’s attention to an important issue.

Considered the richest man in the world, Elon Musk is a Bitcoin, Dogecoin and Ethereum enthusiast in the cryptocurrency market. According to Forbes Real Time Billionaires, his current fortune is estimated at $214 billion.

In addition to running SpaceX, Musk is still ahead of Tesla, a company that has registered a great growth in the market with its electric vehicles. But he is mostly following the future of DOGE, which is his favorite meme currency.

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In this post I outline my journey creating a dynamic NFT on the Ethereum blockchain with IPFS and discuss the possible use cases for scientific data. I do not cover algorithmic generation of static images (you should read Albert Sanchez Lafuente’s neat step-by-step for that) but instead demonstrate how I used Cytoscape.js, Anime.js and genomic feature data to dynamically generate visualizations/art at run time when NFTs are viewed from a browser. I will also not be providing an overview of Blockchain but I highly recommend reading Yifei Huang’s recent post: Why every data scientist should pay attention to crypto.

W h ile stuck home during the pandemic, I’m one of the 10 million that tried my hand at gardening on our little apartment balcony in Brooklyn. The Japanese cucumbers were a hit with our neighbors and the tomatoes were a hit with the squirrels but it was the peppers I enjoyed watching grow the most. This is what set the objective for my first NFT: create a depiction of a pepper that ripens over time.

How much of the depiction is visualization and how much is art? Well that’s in the eye of the beholder. When you spend your days scrutinizing data points, worshiping best practices and optimizing everything from memory usage to lunch orders it’s nice to take some artistic license and make something just because you like it, which is exactly what I’ve done here. The depiction is authentically generated from genomic data features but obviously this should not be viewed as any kind of serious biological analysis.

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The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has identified roughly $5.2 billion worth of outgoing Bitcoin transactions likely tied to the top 10 most commonly reported ransomware variants.

FinCEN identified 177 CVC (convertible virtual currency) wallet addresses used for ransomware-related payments after analyzing 2,184 SARs (Suspicious Activity Reports) filed between January 1 2011, and June 30 2021, and reflecting $1.56 billion in suspicious activity.

Based on blockchain analysis of transactions tied to the 177 CVC wallets, FinCEN identified roughly $5.2 billion in outgoing BTC transactions potentially tied to ransomware payments.

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Continue reading “Turns Out, There Is a Way to Nuke a Dangerous Asteroid As a Last Resort” | >

When asked about his thoughts on young people starting out in the crypto space, whether it be with digital coins or other assets like nonfungible tokens (NFTs), Dell says that “if I was a teenager right now, I’d probably be all over that.”

In fact, he’s personally invested in a few blockchain enabling technologies, the 56-year-old tells CNBC Make It. “I think it’s super interesting. There’s still a lot to be worked out in terms of what the investment looks like, and what type of investment it is for everyone, but I think it’s interesting.”

That goes for his company as well. “We’re helping a lot of customers implement blockchain at sort of the enterprise level,” Dell says.

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Imagine a place where you could always stay young, name a city after yourself, or even become the president — sounds like a dream? Well, if not in the real world, such dreams can definitely be fulfilled in the virtual world of a metaverse. The metaverse is believed by some to be the future of the internet, where apart from surfing, people would also be able to enter inside the digital world of the internet, in the form of their avatars.

The advent of AR, blockchain, and VR devices in the last few years has sparked the development of the metaverse. Moreover, the unprecedented growth of highly advanced technologies in the gaming industry, which offer immersive gameplay experiences, not only provides us a glimpse of how the metaverse would look like but also indicates that we are closer than ever to experience a virtual world of our own.

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The transaction-based communications system ensures robot teams achieve their goal even if some robots are hacked.

Imagine a team of autonomous drones equipped with advanced sensing equipment, searching for smoke as they fly high above the Sierra Nevada mountains. Once they spot a wildfire, these leader robots relay directions to a swarm of firefighting drones that speed to the site of the blaze.

But what would happen if one or more leader robots was hacked by a malicious agent and began sending incorrect directions? As follower robots are led farther from the fire, how would they know they had been duped?

The use of blockchain technology as a communication tool for a team of robots could provide security and safeguard against deception, according to a study by researchers at MIT and Polytechnic University of Madrid, which was published today in IEEE Transactions on Robotics. The research may also have applications in cities where multirobot systems of self-driving cars are delivering goods and moving people across town.

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