Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of all newly issued virgin bitcoin (BTC), it says. The letter said demand for Paypal’s crypto...
EFF and GitHub’s Support for YouTube Rippers is Bad News for RIAA Lawsuits
The music industry is convinced. Downloading music from public streaming services, YouTube in particular, is the greatest piracy threat to the industry. The RIAA and several key music labels are doing everything in their power to counter this menace. They’ve sued several YouTube download sites, removed streamripper URLs from search engines, and most recently they targeted the open-source tool youtube-dl as well. The last move was a...
New MPA Subpoena Targets Private BitTorrent Tracker & Locally Significant Pirate Sites
In what appears to be an increasing trend, global anti-piracy coalition Alliance For Creativity and Entertainment regularly heads off to court in the United States to obtain information about pirate site operators. The weapon of choice is the DMCA subpoena, a number of which are targeted at domain registrars and US-based Cloudflare, the CDN company utilized by thousands of pirate sites. In many cases, these subpoenas seek to obtain...
TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad
In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream finance. TrustSwap accomplishes this by providing a service platform that can handle a variety of useful crypto transaction types in a low-cost, user-friendly way....
Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said that its new line of graphics cards based on a new technology called...
