Tag: Bitcoin
Tech Digest daily roundup: Cryptocurrency should be regulated as type of gambling, UK government told
UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament’s Treasury committee has said after a fresh inquiry into the industry. The government must avoid wasting more taxpayer funds promoting tech innovations such as digital tokens, without demonstrating the clear benefits to the public, MPs said in a report…
Tech Digest daily roundup: Google to launch ChatGPT rival called Bard
Google is launching an Artificial Intelligence (AI) powered chatbot called Bard to rival ChatGPT. Bard will be used by a group of testers before being rolled out to the public in the coming weeks, the firm said. Bard is built on Google's existing large language model Lamda, which one engineer described as being so human-like…
How to Choose the Best Crypto Mining Hardware?
Some cryptocurrencies are produced through mining. In the early days of Bitcoin (BTC) and other cryptocurrencies, mining crypto was relatively easy, even the central processor (CPU) of a laptop was enough. However, as the difficulty for many mining algorithms increases as mining activity and demand increases, the need for more powerful hardware has also increased…
Is Ethereum the Future Now it Has Dropped its Energy Consumption?
There has long been a debate on what the future of cryptocurrency could be, with there being various different options that could emerge as major players in the future. However, most people believe it will come down to either Bitcoin or Ethereum. They are the modern-day equivalent of VHS and Betamax, or Mp3 and the minidisc.…
Tech Digest daily roundup: Bitcoin once again slips below $20,000
Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world's biggest and best-known cryptocurrency is down 58.9% from the year's high of $48,234 on March 28. Ether , the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing…
Tech Digest daily roundup: IT worker wants to dig up tip to recover £140m in Bitcoin
A computer engineer who claims he accidentally threw away £140m worth of Bitcoin will ask a local council for permission to dig up a landfill site. James Howells, 36, is set to ask Newport City Council if he can spend £10m and use robot dogs, as well as an intricate Artificial Intelligence-powered machine, to try and locate…
Tech Digest daily roundup: Apple store workers vote to unionise
Workers at an Apple store in Maryland have voted to unionise, forming the tech giant's first retail union in the United States. The employees of the shop in Towson passed the measure 65-33, with about a dozen abstentions. After the result came in, the group tweeted: "Now we celebrate… tomorrow we keep organising." It is…
Tech Digest daily roundup: Bitcoin value drops 50% since November peak
The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (£27,630), according to the Coinbase cryptocurrency exchange. The world's largest cryptocurrency by market value has now fallen by 50% since its peak in November last year. The slide in the value of digital assets comes as stock markets around the…
What Bitcoin Is and How to Buy It: The Ultimate Beginner’s Guide
What is Bitcoin? It is a question that many people have asked over the years. The answer is complicated, and depending on whom you ask, you will get a different answer. But, in general, it is a digital currency that lets you securely buy goods and services online and is changing the way we think…
Action Fraud warns of scam Ukraine emails
The UK's national fraud reporting centre has issued a warning to those wanting to help victims of the Ukraine war. Action Fraud has sent out an alert as cybercriminals are targeting those who want to help victims of the Russian invasion. They have received 196 reports of bogus emails claiming to be fundraising for victims…
