BitCoin Update


Bitcoin Could Theoretically Put Paris Climate Goals Out of Reach

Bitcoin Could Theoretically Put Paris Climate Goals Out of Reach

If bitcoin were to become a true global transactional currency, the electricity needed to mine it alone would generate enough carbon dioxide to push the planet beyond 2 degrees Celsius of warming within a quarter-century. The creation of new bitcoin requires immense computational effort, and therefore enormous amounts of energy.  “If this takes off it will be something that we will not be able to control,” said Camilo Mora, associate professor at the University of Hawaii and lead author of the analysis published this week in Nature Climate Change.
Exit Scam or Hack? Canadian Cryptocurrency Exchange Drama

Exit Scam or Hack? Canadian Cryptocurrency Exchange Drama

The operator of MapleChange took down all related websites, but then he was identified by internet detectives. MapleChange, a cryptocurrency exchange based in Edmonton in Canada, claims to have had all its money stolen. Many do not believe this story because the exchange deleted its internet presence, before re-appearing after people published the address of the owner.
Alibaba Cloud Blockchain as a Service goes global

Alibaba Cloud Blockchain as a Service goes global

Alibaba Cloud, the cloud computing arm of Alibaba group, has announced that its Blockchain as a Service (Baas) is now available in South East Asia, the US and Europe. Alibaba Cloud BaaS only launched in China last August, and Alibaba says it has already successfully enabled development of blockchain applications in the public benefits system, logistics, and medical industries.
Is Bitcoin Secretly Messing with the Midterms?

Is Bitcoin Secretly Messing with the Midterms?

Four years after bitcoin was allowed in federal elections, most states are still in the dark about how to handle the donations. Democrat Brian Forde raised nearly half a million dollars of bitcoin for his unsuccessful bid for a California congressional seat this year but then had to field questions from election watchdogs about a contribution from Hong Kong. Republican Austin Petersen, a U.S. Senate candidate from Missouri, received the largest single bitcoin donation in federal election history but was forced to return the virtual currency in June because it exceeded federal contribution limits.
Tether Treasury Holds Nearly 30% of Total USDT Supply

Tether Treasury Holds Nearly 30% of Total USDT Supply

The “Tether Treasury’s” USDT wallet has rapidly risen up the ranks to become the top holder of the stablecoin, suggesting that some market participants may have managed to successfully withdraw their holdings from circulation. The removal of roughly 28.5 percent of the total number of Tether in circulation has coincided with a significant depletion in the amount of USDT held in two wallets separately owned by Binance and Huobi.
'Shark Tank': This app turns your spare change into bitcoin — and Kevin O'Leary invested $100,000

'Shark Tank': This app turns your spare change into bitcoin — and Kevin O'Leary invested $100,000

Everyone's talking about bitcoin and cryptocurrency (even NFL star Richard Sherman's grandmother). Still, investing in it can be more than a little confusing. On Sunday's episode of ABC's "Shark Tank," one entrepreneur found a way to simplify the process — and got Kevin O'Leary to invest six figures. Dmitri Love walked into the Tank Sunday seeking $100,000 in exchange for a 10 percent stake in his company, Bundil, a platform that lets people turn their spare change into crypto.
North Korean hacker crew steals $571M in cryptocurrency across 5 attacks

North Korean hacker crew steals $571M in cryptocurrency across 5 attacks

North Korean hacking outfit “Lazarus” is the most profitable cryptocurrency-hacker syndicate in the world. Since 2017, internet baddies have in total stolen $882 million worth of cryptocurrency from online exchanges, but none have done it quite as well as the infamous North Koreans. World-renowned cybersecurity unit Group-IB is prepping to release its annual report on trends in hi-tech cybercrime.
Apple’s Steve Wozniak Co-Founds Blockchain-Focused Venture Capital Fund

Apple’s Steve Wozniak Co-Founds Blockchain-Focused Venture Capital Fund

Apple co-founder Steve Wozniak has been announced as a co-founder of recently launched blockchain-focused venture capital fund EQUI Global, global business outlet Verdict reports Monday, Oct. 15. Following an announcement about his plans to become “involved” in a blockchain project earlier in August, Wozniak has been revealed today as a co-founder of EQUI Global, a venture capital fund focusing on blockchain technology and built on a blockchain-powered backend.
Crypto Market Keeps Its Balance After Recent Sell-Off, Bitcoin Above $6,300

Crypto Market Keeps Its Balance After Recent Sell-Off, Bitcoin Above $6,300

Crypto markets keep their balance after the recent sell-off this week, with most of the 20 top coins by market cap slightly in the green. Fluctuations in the markets in both directions have for the most part been no more than 1 percent, as data from Coin360 shows. Bitcoin (BTC) has seen slight growth over the past 24 hours, having strengthened to above the $6,300 threshold. At press time, the major cryptocurrency is trading at $6,331, slightly down from its intraday high around $6,360, while recovering from its intraday low around $6,277. On the week, Bitcoin is down almost 4 percent from around $6,580.
Korea's Largest Bitcoin Exchange Sells Stake in $350 Million Deal

Korea's Largest Bitcoin Exchange Sells Stake in $350 Million Deal

Bithumb, currently the largest cryptocurrency exchange in South Korea by trading volume, just confirmed it has sold more than 38 percent of its total ownership to a blockchain consortium based in Singapore, for 400 billion won, or $350 million. As reported by CoinDesk Korea, Bithumb confirmed the deal was signed on Oct. 11 with BK Global Consortium, a blockchain investment firm formed by BK Global, a plastic surgery medical group in Singapore.


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