There are two main factors driving pressure on bitcoin prices right now, Caleb Franzen, senior market analyst at Cubic Analytics, said to TechCrunch. The rising rate environment, paired with weakening economic activity, is creating a risk-off environment, Franzen added. Terraform Labs — emptied its treasury wallet of all of its bitcoin, about 42,530 bitcoin, or […]
If that happens, Twitter’s board or Musk will be on the hook for a $1 billion penalty for walking away from the deal, but I suppose we’ll see … This week, I’m looking at a controversial Bitcoin mining ban working its way through New York regulators and what bills like it could mean for the […]
Computers that mine bitcoin are 58 times more efficient than they were eight years ago, according to a report by the Bitcoin Mining Council. Out of all the energy that gets generated and used in the U.S., about 65% was wasted in 2021, according to a chart by Lawrence Livermore National Laboratory, a research facility […]
Bitso, a Mexico City-based crypto exchange, is pledging to buy carbon offsets for every bitcoin transaction on its platform to compensate for the cryptocurrency’s environmental toll. Bitcoin’s thirst for power has grown many times over, recently topping the electricity usage of several countries, including Denmark and Chile, per Cambridge University estimates. Instead, Bitso is working […]
Hello and welcome to Daily Crunch for November 10, 2021! I spent the bulk of today on a train being whisked up the Eastern Seaboard back home, which meant that I was reading novels instead of tech news. He’s busy getting his robotics-focused newsletter ready for launch — it’s called Actuator and you can sign […]
They also left most of their belongings behind, so didn’t have the paperwork needed to open new bank accounts or acquire new devices. “These people lost everything. “Coming to their aid with bitcoin was a more powerful act than any marketing campaign could be. She agreed to accept bitcoin using her mobile phone, relying on […]
In its latest video, Boston Dynamics’ quadrupedal workhorse invokes the Jagger swagger in tribute to the 40th anniversary of The Rolling Stones’ Tattoo You. Viral videos have, of course, have been an important marketing tool for Boston Dynamics for years now – and the feats have only become more impressive as the robots have grown […]
Through Spotify’s podcast creation tool Anchor, podcasters of all sizes will now be able to mark select episodes as subscriber-only content, then publish them to Spotify and other platforms. Since launch, more than 100 podcasts have adopted subscriptions, Spotify says. Spotify explained that its research found that creators wanted some sense of where to start […]
Proliferating through Western and far East markets, the creator economy bug, which has made platforms like Cameo and Patreon unicorns, is beginning to take centre stage in MENA. The round, which Minly says was oversubscribed, was co-led by 4DX Ventures, B&Y Venture Partners, and Global Ventures. In a way, this dilutes the fan experience and […]
Snap today announced a multi-year deal with Universal Music Group, one of the largest music companies in the world. This announcement comes after Snapchat added its Sounds feature in October, which lets users enhance their Snaps with music that Snap has licensed. So, the more music that’s licensed by apps like TikTok and Snapchat, the […]
For this week’s deep dive Danny, Alex, and a bunch of the TechCrunch crew took on the recent happenings in the world of Bitcoin. Before we get into the show notes, do not forget that we’re recording Equity live on Hopin Thursday the 24th. …Read the full story
The company today announced the launch of a new Green Screen Duet feature, which combines two of TikTok’s most popular editing tools to allow creators to use another video from TikTok as the background in their new video. Green Screen Duet joins an existing set of Duet tools that let creators lay out two videos […]
Because that’s the sort of growth that we generally expect to see from early-stage startups instead of maturing public companies, some exploration is in order. Mix in the huge growth in bitcoin investment activity that Robinhood has seen and we can easily understand that, at least in the American market, consumers are not beholden to […]
I don’t think Jim Belushi was high while we talked on Zoom this week. Jim Belushi was telling me about his weed, specifically about the small 0.7 gram pre-rolls he sells — the perfect size for the post-Covid era, when passing a joint to a friend is likely discouraged. We were talking about his new […]