Connect with us

Cryptocurrency

What to watch out for in cryptocurrency in 2022 | CNBC News – Oakland News Now

Published

on

Oakland news now –

What to look for in cryptocurrency in 2022

– YouTube channel video with the logo in the top left corner of the video. OaklandNewsNow.com is the original blog post for this type of video blog content.

Dave Abner, Global Head of Business Development at Gemini, and Dan Dolev, Senior Fintech Analyst at Mizuho, ​​join Fast Money to …

about IFTTT

Note from Zennie62Media and OaklandNewsNow.com: This video blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media, Inc. network for video blogging systems for mobile media that launched in June 2018, The new and Zennie62Media, Inc.’s innovative approach to news media production. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When the CNBC News YouTube video channel uploads a video, it is automatically uploaded to the Oakland News Now site and Zennie62’s own social media pages and formatted automatically. The overall goal here is, in addition to our smartphone-enabled, real-time reporting of news, interviews, observations and events anywhere in the world and within seconds rather than hours – is the use of the existing YouTube social graphic on any topic in the world. News is now reported with the smartphone and also by promoting the latest content on YouTube: There is no need for heavy and expensive cameras or even a laptop, or to have a camera team to film what is already on YouTube. The secondary goal is faster and very inexpensive production and distribution of media content. We found that there is a discrepancy between post length and time to product and revenue generated. This means that the problem is much smaller, but by no means solved. Zennie62Media is constantly working to improve the system’s network encoding and is looking for interested content and media technology partners.

Oakland News Now Latest Posts

  • Automatic draft
  • Films on the way back after a strong last four months: Cineworld CEO | CNBC news
  • Sock to help the homeless | NY news
  • Governor Hutchinson: “Applaud” Biden for “Depoliticizing” Covid Response Efforts | MSNBC
  • Every Jaylen Waddle Catch in the 92 Yard Game | Week 16
  • There will be more economic activity with CDC’s new quarantine guidelines: LaVorgna by Natixis | CNBC news
  • Jammu & Kashmir: Massive fire breaks out in Chatroo Tourism Reception Center in Kishtwar | Asia news
  • 12 8 21 Leigh Steinberg Speaker Session
  • We cancel Cordarrelle Patterson’s 6-yard TD run against the Detroit Lions | Film review | Atlanta Falcons
  • What to look for in cryptocurrency in 2022 | CNBC news
  • No start! FAA denied SpaceX’s plans for Starship’s orbital launch in January, Elon talks about Ship 20 | SpaceX news
  • LiveCopter 3 has a view over Folsom Dam where some water is being released
  • Jonathan Gannon talks about recent success and more of the defense | Eagles press conference
  • Restorers Answer Questions About Items Found In Time Capsules – RVA News
  • Storms and staff shortages still affect flights
  • KGW forecast: Tuesday noon, December 28, 2021
  • Judge fails to order bail for man charged in Chinatown shootings, raising US $ 31,000 for 11 victim shot
  • Shane Steichen “very confident” in Boston Scott is moving forward | Eagles press conference
  • Check out some of Kamala Harris’s most memorable moments during his freshman year as Vice President | 2021 rewind
  • Gigi Hadid & Zayn Malik discovered together amid an explosive split ?!
  • The numbers behind Zach Wilson & Braxton Berrio’s Touchdown Runs in Week 16 | The New York Jets | NFL
  • States make vaccine mandates difficult
  • More rain is expected, but water restrictions remain in place
  • Papa’s Perspective: Giants vs. Bears Best Moments of Rivalry | New York Giants
  • PG&E provides an update on Auburn Sierra storm outages
  • The gift you really wanted on a Vegas pool
  • Analysis of defensive dominance vs. Giants | Eagles All-22 review
  • “It was a good way to get a team win” | 2-minute exercise: Dan Feeney | The New York Jets | NFL
  • NBA selection 12/28/2021 | Free NBA betting, tips, predictions and player props
  • The Tutu family meets in Cape Town before the funeral
  • Louisville vs. Air Force | College Football 2021 | 2021 First Responder Bowl LIVE.
  • Louisville vs. Air Force | 2021 College Football Live | 2021 First Responder Bowl LIVE.
  • Air Force vs Louisville Live | NCAA soccer 2021 | 2021 First Responder Bowl.
  • Mans skims everything 🔥🔥 #shorts
  • College Football LIVE: Louisville vs. Air Force First Responder Bowl College Football LIVE.
  • Watch Air Force Falcons @ Louisville Cardinals LIVE Stream – College Football 2021.
  • Important parts of the “I Am Vanessa Guillen Act” were put into effect
  • What you should know about dating in 2022
  • Welcome to Earth on Disney +
  • ROKiT @ CES 2022 Las Vegas
  • The events that affected your portfolio in 2021
  • MORE NEWS | Tuesday December 28th 2021 + world news in Spanish
  • Dr. Hotez Talks NYC School’s Opening Plan and Omicron | Transmission Degree MSNBC
  • The nominees for the event of the year 2021
  • Best game of each team from week 16 | Highlights of the NFL 2021
  • Give away his truck to pay for the operation and the winner will give it to him in Tabasco. back
  • Why 2021 was obsessed with time warps
  • Police officer went rogue in shooting at Burlington Coat Factory, says an expert on violence
  • The best collaborations of 2021: BTS, Megan Thee Stallion, Ariana Grande & more I – Billboard News
  • Killer Mike: You Can Go Off The Street For $ 5,000 (Flashback)

Oakland News Links online from Oakland’s only news aggregator blog

Oakland News Now Archive

Oakland News Now Archives Select month December 2021 (35411) November 2021 (32789) October 2021 (8926) September 2021 (1111) August 2021 (843) July 2021 (725) June 2021 (431) May 2021 (393) April 2021 (463 .)) March 2021 (320) February 2021 (315) January 2021 (356) December 2020 (319) November 2020 (349) October 2020 (444) September 2020 (445) August 2020 (496) July 2020 (462) June 2020 (391.)) May 2020 (301) April 2020 (289) March 2020 (239) February 2020 (221) January 2020 (262) December 2019 (161) November 2019 (183) October 2019 (226) September 2019 (173) August 2019 (231.)) July 2019 (239) June 2019 (194) May 2019 (137) April 2019 (224) March 2019 (164) February 2019 (142) January 2019 (181) December 2018 (147) November 2018 ( 168) October 2018 (173) September 2018 (192) August 2018 (183) July 2018 (176) June 2018 (125) May 2018 (28) April 2018 (18)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cryptocurrency

Walmart is quietly preparing to enter the metaverse

Published

on

A shopper carries a bag in front of a Walmart store in San Leandro, California on Thursday, May 13, 2021.

David Paul Morris | Bloomberg | Getty Images

Walmart appears to be venturing into the Metaverse with plans to create its own cryptocurrency and collection of non-fungible tokens, or NFTs.

The major retailer filed several new brands late last month, announcing its intention to manufacture and sell virtual goods including electronics, home decor, toys, sporting goods and personal care products. In a separate filing, the company said it will offer users virtual currency as well as NFTs.

According to the US Patent and Trademark Office, Walmart filed the applications on Dec. 30.

A total of seven individual applications were submitted.

A spokesman for Walmart did not immediately respond to CNBC’s request for comment.

Source: Tanning Intellectual Property

“They’re super intense,” said Josh Gerben, a trademark attorney. “There’s a lot of language in there, which shows there’s a lot of planning going on behind the scenes about how they’re going to approach cryptocurrency, how they’re going to address the metaverse and the virtual world that seems to be coming or that’s already there.”

Gerben said since Facebook announced it would change its company name to Meta, signaling its ambitions beyond social media, companies have rushed to figure out how they would fit into a virtual world.

Source: Tanning Intellectual Property

Nike filed a series of trademark filings in early November that previewed its plans to sell virtual branded sneakers and apparel. Later that month, it announced that it was teaming up with Roblox to create an online world called Nikeland. In December, virtual sneaker company RTFKT (pronounced “artifact”) bought it for an undisclosed amount.

“Suddenly everyone is saying, ‘This is getting real and we need to make sure our intellectual property is protected in space,'” Gerben said.

Gap has also started selling NFTs of its iconic logo sweatshirts. The apparel maker said its NFTs range in increments from about $8.30 to $415 and come with a physical hoodie.

Meanwhile, both Under Armor and Adidas NFT debuts sold out last month. They are now fetching sky-high prices on the OpenSea NFT marketplace.

Gerben said clothing retailers Urban Outfitters, Ralph Lauren and Abercrombie & Fitch have also filed trademarks in recent weeks detailing their intention to open some sort of virtual store.

A report by CB Insights outlined some of the reasons why retailers and brands are keen to enter into ventures that can potentially provide new revenue streams.

The launch of NFTs allows companies to tokenize physical products and services to reduce online transaction costs, it said. And for luxury brands like Gucci and Louis Vuitton, NFTs can serve as a form of authentication for tangible and more expensive goods, CB Insights noted.

Gerben said that as more consumers become familiar with the Metaverse and the items stored on the blockchain, more retailers want to create their own ecosystem around it.

According to Frank Chaparro, director of crypto information services company The Block, many retailers are still reeling from being late to e-commerce, so they don’t want to miss opportunities in the metaverse.

“I think it’s a win-win for any company in retail,” Chaparro said. “And even if it turns out to be just a fad, just trying something weird like giving some customers an NFT in a sweepstakes doesn’t do much reputation damage.”

— CNBC’s Melissa Repko contributed to this coverage.

Continue Reading

Cryptocurrency

Bitcoin crashes the midterms – POLITICO

Published

on

Aarika Rhodes, an elementary school teacher who poses a major left-leaning challenge against California Democrat Brad Sherman, the most prominent cryptocurrency critic in the house, is promoting the technology in its run. She said she has so far received thousands of dollars in cryptocurrency donations after speaking to constituents and hearing from crypto advocates urging her to make a difference to Sherman on the matter.

“More and more people of color, women and single mothers are interested in bitcoin,” said Rhodes, the largest cryptocurrency. “I’ve never met anyone who was against it.”

According to the Pew Research Center, about one in six Americans has personally traded, used, or invested in cryptocurrencies, including 13 percent of whites, 18 percent of blacks, 21 percent of Hispanics, and 23 percent of Asian Americans.

So far, the political incentives surrounding cryptocurrency are proving to be one-sided. More candidates have found reason to embrace a technology supported by legions of devoted users, a new generation of new wealthy donors, and a growing number of lobbyists than vocally oppose it.

“Look, it just looks cool. Everyone has a friend who made some money from it. There’s a lobbyist who wants to take me out to lunch,” said Sherman, who has called for an outright ban on cryptocurrency, of the hype that has popularized it among his peers on the Hill. On the other hand, shunning technology has brought few immediate rewards to the congressman. Not only has he taken on a crypto-powered main challenge, but he has also inspired the creation of a new super PAC, Shut Down Sherman, “dedicated to the task of defeating enemy number 1 against crypto”.

Sherman lamented a lack of political interest in what he saw as emerging crypto threats, such as the potential to undermine US-imposed financial sanctions and the US dollar’s status as a global reserve currency.

“It’s worth hundreds of billions of dollars to American families, and there’s no lobbyist in this city to protect it,” he said. “No lobbyist is fighting to be able to take sanctions against criminals.”

Ron Hammond, director of government relations at the Blockchain Association and advisor to the pro-crypto HODL PAC, said he’s more likely to receive requests for advice than raise concerns about crypto. Congressional staffers from both parties need help, he said, penning pro-crypto tweets for their bosses who see the issue can generate insane engagement on social media.

The website of the Congressional Blockchain Caucus, established to promote the accounting technology underlying cryptocurrency, lists 18 Republican and 17 Democratic lawmakers. However, Sherman isn’t the only one taking a hard line on the crypto boom.

Brock Pierce, a former child actor-turned-crypto entrepreneur, is reviewing a run for the Vermont Senate seat being vacated by Democrat Patrick Leahy. | (Photo: Business Wire)

Massachusetts Senator Elizabeth Warren has urged Congress to do more to regulate the industry. She is also among Democrats calling for a crackdown on the carbon emissions associated with some cryptocurrencies, like bitcoin, which relies on large numbers of specialized computers running as part of an energy-intensive process that secures its network Compete solving math puzzles.

Hillary Clinton and Donald Trump have both spoken out against cryptocurrency due to its potential to undermine the dollar’s global dominance.

In June, Trump likened bitcoin to a “scam,” telling Fox Business Network, “The currency of this world should be the dollar. And I don’t think we should have all the bitcoins in the world out there. I think they should regulate very, very highly.”

Younger politicians give such concerns less priority. “I don’t know of a single Republican under 50 who is cryptosceptic,” said Hammond, who previously worked for Ohio Republican Rep. Warren Davidson. Hammond said some senior members of the party have been quietly opposed to cryptocurrency adoption but have been reluctant to publicly resist.

Technology has even split the Trump family down the generations. Former First Lady Melania Trump, 51, tweeted this month in honor of Bitcoin’s 13th birthday as she launches her own line of non-fungible tokens, digital collectibles based on the same blockchain technology that powers cryptocurrencies allows.

While those acting on the world stage tend to see crypto as a threat to the US-led global financial order, many mayors — such as New York’s Eric Adams and Miami’s Francis Suarez — have embraced crypto as a means of attracting attention and possibly jobs in their cities.

The technology is also inspiring candidates who have made money hosting crypto-themed runs for office. In Oregon’s newly created 6th District, Matt West, a developer of DeFi — or decentralized finance, a new form of lending made possible by blockchain technology — is emerging as a pro-crypto Democrat. After an adventurous independent presidential bid, Brock Pierce, a former child actor turned crypto entrepreneur, is exploring a run for the Vermont Senate seat vacated by Democrat Patrick Leahy.

As the total value of cryptocurrencies has exploded to more than $2 trillion in the past few years, those made rich by the boom have begun to make their mark as spender as well. Last year, Sam Bankman-Fried, the 29-year-old founder of cryptocurrency exchange FTX, was the second-largest single contributor to Joe Biden’s presidential effort. Bankman-Fried gave more than $5 million but showed little interest in arranging a meeting with the beneficiary of his generosity.

As Congress and the Biden administration begin to seriously consider cryptocurrency’s impact on a number of policy fronts, crypto donors are becoming more strategic. On New Year’s Eve, Jesse Powell, the CEO of Kraken, another exchange, issued a public call for lists of cryptocurrency-supporting candidates and “crypto-enemies.” The next day, he announced that he had made maximum allowable donations to 15 politicians, including Rhodes, Mandel and West.

Sam Cooper, a former deputy chief of staff to pro-crypto Senator Ted Cruz who now advises crypto clients in the private sector, said donors are still figuring out this cycle before expecting a more organized effort for the next presidential election.

By then, Cooper said he expects crypto to have gone from being a niche topic to being a staple of campaigning. “Will Bitcoin become a core issue in 2022? No. It’s going to be inflation and immigration and the things we see every day,” he said. “But I expect that to be an issue in 2024, especially on the Republican side.”

Ben Schreckinger reports on technology, finance and politics for POLITICO; he is a cryptocurrency investor.

Continue Reading

Cryptocurrency

How the great migration of cryptocurrency mining is playing a rising role in the global energy crisis

Published

on

As the country’s central bank and state authorities lived up to their pledges to effectively wipe out crypto mining operations in China, the Cambridge Center for Alternative Finance (CCAF) estimated that the country’s average monthly share of the Bitcoin network’s hashrate of almost 70 percent was down in September 2020 to 0 percent by August 2021.

Meanwhile, the neighboring Republic of Kazakhstan had become an obvious target for many cryptocurrency miners, forced to flee China, with an abundance of cheap electricity awaiting miners and foreign mining farm owners looking for new pastures to turn to build their wealth.

Register to our daily newsletter

The i-Newsletter cut through the noise

According to estimates behind the Cambridge Bitcoin Electricity Consumption Index, based on geolocation data collected from a number of cryptocurrency mining pools, Kazakhstan’s average monthly share of the bitcoin network’s hashrate increased as China’s disappeared — rising by nearly 10 percent in two months, when it jumped from 8.8 percent in June to 18.1 percent in August 2021.

Workers transfer cryptocurrency mining rigs to a cryptocurrency farm that includes more than 3,000 mining rigs in Dujiangyan, southwest China’s Sichuan province. (Credit: STR/AFP via Getty Images)

“The Bitcoin protocol – per se – has no geographic preference,” says Professor Aggelos Kiayias FRSE, Chair of Cybersecurity and Privacy at the University of Edinburgh.

“However, it rewards miners with a digital asset that is traded globally, thereby giving them an incentive to find the cheapest electricity to maximize their profit.”

Professor Kiayias adds: “For this reason, countries that offer subsidies for electricity, have lax regulation and/or have cheap electricity due to natural resources can be very attractive places to set up mining operations.

“This may lead to over-reliance of Bitcoin on such countries and over-exploitation of preferential electricity tariffs and resources, which in turn may lead to withdrawal of subsidies and unavailability of resources.”

Professor Aggelos Kiayias, Chair of Cybersecurity and Privacy and Director of the Blockchain Technology Laboratory at the University of Edinburgh and Principal Scientist at IOHK, creator of the Cardano blockchain platform

Indeed, as quickly as Kazakhstan became the world’s second largest crypto mining homeland after the US, the proliferation of mining “hotels” that allowed people to rent data center space for their mining rigs and “grey ‘, unregistered miners gobbling up gigawatts of electricity a year illegally across the country have been blamed for a buckling national power grid.

“The thing is, China was the world’s largest producer of cryptocurrencies,” says Alex de Vries, a data scientist and cryptocurrency researcher who created his own landmark consumption indices for Bitcoin and Ethereum on his website Digiconomist.

“So if all the miners have to migrate, you’re effectively shifting a country’s energy consumption somewhere else like Argentina — onto a grid that’s much smaller than what China can offer.”

Kazakhstan Electricity Grid Operating Company (KEGOC) said in late October that electricity consumption was exceeding generation “due to the sharp increase in consumer consumption of digital mining (above 1,000 MW) and the higher number of emergencies at power plants.”

dr Luca Anceschi, Professor of Eurasian Studies at the University of Glasgow

“I suspect the government wanted to make a quick buck [off cryptocurrency mining]” says Dr. Luca Anceschi, Professor of Eurasian Studies at the University of Glasgow, “then they realized they couldn’t do it because their infrastructure wasn’t big enough”.

for dr Anceshi, Kazakhstan, as an energy-rich country, is facing a situation in which it should never have been.

“A country like Kazakhstan doesn’t have to be seen as energetic as it is,” he says.

“It’s like Scotland is running out of water with all the rain we’re getting.”

Riot police prepare to block protesters in central Almaty, Kazakhstan, January 5, 2022. During demonstrations in the largest city of Almaty, protesters say groups of armed men have reportedly joined the peaceful rallies, urging them to evacuate police stations and to storm government buildings. (Photo credit: Vladimir Tretyakov/NUR.KZ via AP file)

When Kazakhstan’s bitcoin mining operations ramped up in late 2021, even some of the country’s largest and oldest data centers found themselves in a different landscape than before.

Electricity supply became more patchy by the day as electricity rationing for crypto mining farms was rationed, with these problems getting worse when the Kazakh government shut down the internet to try to disperse riots and unrest.

On Wednesday, January 5, anger erupted on the streets of Almaty at government corruption, inequality between social classes, the doubling of LPG costs and the complex historical issues in Kazakhstan in a call for change that erupted nationwide 164 people were killed in protests.

And when the Kazakh government shut down the internet, restricting online freedom of expression, access to social media and web services in Kazakhstan, Bitcoin’s hashrate appeared to take a hit at several major mining pools as well, as the country’s miners lacked access to the network — sparked a flash cryptocurrency crash that saw the already subdued prices of Bitcoin, Ethereum, and more sink even lower.

With many other miners now looking to the US for greater geopolitical, economic and energetic stability for large mining farms, the great migration to cryptocurrency mining appears to be progressing only in states like Kentucky and Texas, thanks to their cheap energy and minimal regulation.

The Electric Reliability Council of Texas (ERCOT) projects that energy loads will increase fivefold by 2023, with the demands of crypto mining and its data centers requiring up to 5,000 megawatts of additional electricity.

Alex de Vries is the cryptocurrency researcher and data scientist behind the blog Digiconomist, which studies the impact of cryptocurrencies on energy and the environment

“Once Kazakhstan is done with this industry and their government tries to kick out bitcoin miners, they will probably go elsewhere,” says Mr. de Vries.

“But then the next country will have the same problem.”

Mr de Vries and Dr. Pete Howson, Lecturer in International Development at Northumbria University, recently examined the impact of moving cryptocurrency miners from country to country and that of mining itself on vulnerable communities in countries with poor energy infrastructure and cheap fossil fuel-powered electricity in a joint paper .

It brought Dr. Howson concludes that the energy-intensive process of mining proof-of-work cryptocurrencies like Bitcoin and Ethereum “can be viewed as parasitic in the sense that it sort of plugs into local resources.”

“It takes time and time again for the host to attempt to eliminate it through regulation, prohibition, violent insurgency, or kill the host by depriving it of too many resources it needs,” continues Dr. Howson away.

“I think there’s this idea among some crypto advocates that mining, especially Bitcoin, comes to the rescue by providing a revenue stream for so-called stranded energy resources that states can’t find a buyer for.

“But the reason crypto and bitcoin miners are moving to these places is because they have vulnerable, poor populations, rusty infrastructure and weak regulatory regimes.

“That’s why they go there — to exploit them, not help them.”

Kosovo began the new year by banning cryptocurrency mining, with police seizing hundreds of expensive graphics processing units (GPUs) and application-specific integrated circuits (ASICs) in nationwide raids, while the country’s economy minister, Artane Rizvanolli, cited the potential for power outages , while Iran introduced a second four-month suspension of crypto mining operations in the country in late 2021.

Such moves are being repeated across Central Asia and Europe — where countries like Abkhazia, Georgia and Uzbekistan have turned to crypto mining bans and suspensions to cope with increased demand for cheap electricity, while popular Scandinavian mining countries Norway and Iceland are trying to back Sweden’s push for an EU-wide ban on cryptocurrency mining.

“What is inevitable is not that mining will be banned,” says Professor Kiayias, “but the fact that bitcoin miners will look for the cheapest electricity and, unless hindered by regulations, will not stop there, any source to use every country, regardless of the environmental impact.”

A message from the editor:

Thank you for reading this article. We need your support more than ever as the change in consumer habits caused by the coronavirus impacts our advertisers.

If you haven’t already, you can support our trusted, fact-checked journalism by subscribing to a digital subscription.

A worker installs a new set of bitcoin mining machines at the Whinstone US bitcoin mining facility in Rockdale, Texas on October 9, 2021. (Credit: Mark Felix/AFP via Getty Images)dr Pete Howson, Senior Lecturer in International Development at Northumbria University, believes there is a greater need to view Bitcoin and proof-of-work cryptocurrency mining as “parasitic” given the ease of regulation in countries with vulnerable populations and ailing energy infrastructure is growing.

Continue Reading
Advertisement

Trending