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Intel – a multinational chip manufacturer – recently unveiled its 2nd generation “Bonanza Mine” Bitcoin mining ASIC. It also ]offered details on its first-generation miner (BMZ1), a 3600W miner delivering 40 terahashes per second (TH/s). Exploring Intel’s Mining Chips The company unveiled its new processor at the 2022 International Solid-State Circuits Conference (ISSCC) on Sunday. As covered by Tom’s Hardware, the second 2nd generation chips (BMZ2) will be a derivative of the BMZ1 series. They offered no details beyond that…

Fears of account closure have pushed Canadian bank customers to withdraw account holdings and secure their funds in cash and other means. Cryptocurrencies remain a form of escape for Canadians who are not only funding protests with crypto but saving in them as well. In reaction to recent moves from the Canadian government, residents have opted to protect their finances by withdrawing existing bank balances. It began a week ago when the prime minister of Canada Justin Trudeau invoked the…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,743 trillion. Bitcoin dropped by more than 8% after a rough week. Ethereum decreased by over 7% over the past seven days. XRP lost only 1% of its value in the past week. Almost all altcoins are trading in the red after a highly volatile week. The DeFi sector lost roughly $14 billion from…

Major crypto exchange Coinbase has resolved a serious vulnerability in its trading interface. The discovered glitch could have caused the exchange to lose hundreds of millions of dollars. Security researcher "Tree of Alpha" discovered the lethal bug and reported it via Coinbase’s bug bounty program Coinbase assures that the bug was not maliciously exploited before its response team patched it. How the Bug Worked It began with a report from an ethical hacker, filed to Coinbase’s security team on the…

Cryptocurrency advocates, including Ethereum founder Vitalik Buterin, are calling out Canadian authorities for seizing crypto amid the ongoing "Freedom Convoy." Canada is facing massive protests against the government's COVID 19 policies and vaccine mandates. While mostly peaceful, the protests included blocking roads and honking truck horns to cause a disturbance. Still, protesters have received a lot of support, both at home and abroad. This includes a sizable sum in donations, including in crypto. That is something that the government wants to…

A live recording of the ongoing protest against Canadian Corona protocols caught a Canadian trucker benefiting from a crypto fundraiser.  Donors are turning to non-custodian crypto exchanges to fund the ongoing trucker protests.   Amidst the recent events in Canada, a moment of joy prevailed when a Canadian trucker received $8000 in Bitcoin out of the +$900,000 raised for the Freedom Convoy 2022 campaign. A witness revealed how the incident unfolded play-by-play. According to Tim Pastoor, the trucker received an…

Instances of sexual harassment in South Korea’s nascent metaverses are raising concerns. Additionally, authorities in the country are struggling to punish offenders in a space that is still largely unregulated. Cases of Abuse The concept of the metaverse is a popular premise that has gained impressive traction in South Korea. Young Koreans continue to embrace AR and VR-based games. This explains why metaverse worlds have likewise met huge adoption in the country.   While South Korea’s quick acceptance of the burgeoning…

The China Banking and Insurance Regulatory Commission has cautioned against using the metaverse to raise funds illegally. A report unveiled this news earlier today, citing a statement on the regulator’s website. The watchdog pointed out that some firms are engaging in illegal fundraising, fraud, and virtual real estate speculation. Urging citizens to be vigilant, the agency said, Beware of being duped, and if you find clues of suspected illegal crimes, please actively report this to the relevant local departments. This…

Bitcoin’s prolonged stability and global adoption are not only beneficial, but necessary for free societies to thrive. (Article inspired by @max_gagliardi’s thread on Twitter.)    The Bitcoin community is one of the most passionate, idealistic, and driven groups of people on the internet. Besides a love for Bitcoin’s capabilities and ethics, most are overwhelmingly optimistic that it will eventually bloom to total fruition. The enthusiasm is hardly unwarranted. Bitcoin’s price has roughly doubled every year since 2013. Major corporations are…