Crypto Round-up

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  • Norton Crypto is a brand new feature integrated into the product that shows up for selected set of EAP customers based on meeting list of PC’s hardware eligibility requirements.
    • Feature allows users to add their Norton 360 installed devices to crypto mining pool, safely and easily mine digital currencies utilizing their PC’s  idle time in a secured way.

So I asked my city commission to allow our city to pay our employees in bitcoin, accept bitcoin for fees and taxes, and even explore the possibility of holding it on our balance sheet.

The mayor of the U.S. city of Miami, Francis Suarez

Twitter and Square CEO Jack Dorsey also declared that “Bitcoin changes absolutely everything.” He told the conference: “We don’t need the financial institutions that we have today” — and for money to be created for the world, it has to be developed internationally.

One particularly eye-opening on-stage discussion came from Brian Brooks, a former regulator turned CEO of Binance.US. He said: “If you’ve never worked in a big bank, you have no idea how bad the problem is.”

Canadian light-electric-vehicle manufacturer Daymak said on Tuesday that its new Avvenire Spiritus model will be able to mine cryptocurrencies, including bitcoin and dogecoin.

However, the technology – which Daymak calls the Nebula Miner – is yet to secure a patent. And the Avvenire range is yet to begin production, although Daymak has received more than $350 million (R4.8 billion) of pre-orders, with the bitcoin-mining Spiritus three-wheeler set to launch in 2023.

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Crypto staking is a trend that has emerged in response to the growing energy demand resulting from Proof-of-Work (PoW) protocols such as the one used by the bitcoin (BTC) blockchain to validate transactions.
In essence, staking cryptocurrency involves acquiring and setting aside a certain number of tokens that will be used to validate the transactions made through the blockchain. This innovative protocol, known as Proof-of-Stake (PoS), is less energy-intensive as it eliminates, or at least reduces, the need for using a lot of mining equipment to keep the blockchain secure.
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Cryptocurrency A cryptocurrency is merely a currency that relies on cryptography. Bitcoin, for example, leverages cryptography in order to verify transactions.

Cryptography Cryptography is basically the process of encoding and decoding information so that would-be observers are unable to understand the information being sent.

DDoS Attack A distributed denial of service (DDoS) attack takes place when multiple parties work together to overwhelm a system by inundating it with either requests for information or malicious data.

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