Laszlo Hanyecz invented GPU mining, but all he got in return was a sh** pizza meme — a cultural callback that dwarfs his more groundbreaking contributions to the space. But he's taking it all in stride.
According to court documents revealed in the proceedings between Tether, Bitfinex and the New York's Attorney General, Tether has used some of the cash reserves meant to back its stablecoin to purchase bitcoin.
"I’m interested in what happens when the market crashes and I’m interested in preserving an environment where people can have alternative ideas that might help solve the problems we have. I think that’s what bitcoin offers: an alternative. I want a free marketplace."
The U.S. Commodity Futures Trading Commission had a message for conference goers at Consensus 2019: “Be on the lookout for virtual currency fraud” and if you see it, let us know.
In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.