Showtime released the first episode of the fifth season of financial drama series “Billions,” which opened with a Bitcoin mining bust. The new season, based on the life of the former New York District attorney Preet Bharara, began on May 3 with a plot revolving around a group of cryptocurrency miners operating an illegal Bitcoin (BTC) farm. Previous seasons talked about the world of the stock markets and legal disputes with hedge fund managers on Wall Street. Crypto enthusiasts may find the new episode more familiar Bitcoin’s intrinsic value discussion Chuck Rhoades, the attorney general of New York in the …
An American computer scientist has managed to mine Bitcoin (BTC) on a 52-year-old Apollo Guidance Computer (AGC), British tech media outlet IT Pro reports on July 9. Ken Shirriff, a specialist in reverse engineering, has reportedly worked out a code that enabled him to mine Bitcoin on one of the first integrated circuit-based computers that were used to navigate the first moon landings by the National Aeronautics and Space Administration (NASA) in the 1960s. As Shirriff wrote on his personal website, the machine on which he managed to integrate Bitcoin mining code is the world’s only remaining working AGC. With …
Major global chip manufacturing firm Taiwan Semiconductor Manufacturing (TSMC) predicts revenue growth in Q4, but expects a counterbalance due to the low demand for crypto mining hardware, Reuters reports Thursday, Oct. 18. TSMC, the world’s largest independent semiconductor foundry, forecasts “modest” revenue growth in the fourth quarter, mainly due to solid sales of high-end chips for premium smartphones. According to Reuters, TSMC is expecting Q4 revenue to increase to somewhere between $9.35 billion and $9.45 billion, as compared to $9.21 billion a year ago. However, the expected growth will be allegedly offset by the low sales of cryptocurrency mining equipment. …
The world’s largest cryptocurrency, Bitcoin (BTC), is at a defining moment in history, according to analysis from United States investment bank Citigroup. Bitcoin is now at a “tipping point” to either become the preferred currency for international trade or face a “speculative implosion,” Citi analysts reportedly said. According to a Reuters report Monday, Citi analysts are confident that Bitcoin is on the cusp of going mainstream. According to the report, Bitcoin’s tremendous potential has been fueled by recent big Bitcoin moves by companies like Tesla and Mastercard. Citi analysts wrote, “There are a host of risks and obstacles that stand …
Crypto analytics firm Coin Metrics partnered with Social Market Analytics (SMA) to collaborate on a feed of real-time sentiment towards cryptocurrency based on social media data, according to a press release on June 17. The new partnership intends to collect and analyze data posted by crypto community on social media in order to provide a new tool to help crypto traders to track social media sentiment data to build their portfolio strategies. The new product will initially target sentiment data solely on social media giant Twitter, Coin Metrics CEO Tim Rice confirmed to Cointelegraph, adding that the firms are currently …