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Author: Friend Ethan

The cryptoasset revolution much more than a digital currency

The world of cryptocurrencies goes beyond the financial market, offering advantages not only to investors but also to companies and nations. Photo = Coin designs that allude to digital currencies You are likely aware that cryptocurrencies offer a financial investment option. They provide the potential for significant returns, thanks to the freedom in transacting and the absence of intermediaries in the investor-to-digital asset relationship. Moreover, they ensure 24/7 security and traceability of transactions due to blockchain technology. Cryptocurrencies in Various Uses In addition,...

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North Korean hackers broke into US tech company to steal cryptocurrencies

A North Korean government-backed hacker group has allegedly breached an American IT management company, exploiting it as a launching pad to attack an undisclosed number of cryptocurrency firms. Photo: Allbreaknews.com A group of hackers backed by the North Korean government has reportedly infiltrated an American IT management company, using it as a stepping stone to target an unknown number of cryptocurrency companies, as reported by Reuters, citing two sources familiar with the matter. These hackers breached JumpCloud, based in Louisville, Colorado, in late June and utilized their access...

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Mining 1 BTC in Lebanon is 700 times cheaper than in Italy

According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. Photo: Allbreaknews.com According to the report, Europe is home to nine of the ten least profitable countries for Bitcoin mining, based on domestic electricity costs. There is a significant global contrast in domestic electricity costs for individual Bitcoin miners. While producing one Bitcoin in Italy costs US$208,560, in Lebanon the same BTC can be mined for 783 times less, according to a recent report. Published on August CoinGecko's report revealed...

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How to explain the world of cryptocurrencies to my grandfather

we're going to explain… Photo: Allbreaknews.com Explaining new concepts to older generations can indeed be quite a challenge. Each generation comes with its own set of experiences, references, and ways of understanding the world. They might find new ideas and technologies unfamiliar or hard to grasp. Now, imagine explaining a new form of digital currency that's decentralized and uses blockchain for storing and verifying information. With the rise in popularity of cryptocurrencies, it's becoming more important to introduce basic concepts of this world to older generations, as they...

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FUD in the crypto market what to do in case of uncertainty

Learn about what FUD means in the context of cryptocurrencies, how to navigate trading in such an environment, and tips to avoid falling for fake news. Photo: Allbreaknews.com “Fear, Uncertainty, and Doubt,” commonly referred to as FUD, describes a scenario where catastrophic news, rumors, or negative events generate a sense of panic among investors. This expression perfectly captures the feelings investors experience when something potentially unfavorable comes onto their radar. FUD often emerges more frequently in the realm of cryptocurrencies due to the absence of an official...

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Former Worldcoin employee fire against ChatGPT

He says: “horrendous execution that deserves what comes next”. Photo: Nadir-Hajarabi-Worldcoin Describing himself as a fervent believer in the startup's vision of providing a universal basic income, Hajarabi characterizes the company's efforts as a “horrendous execution deserving of what will come next,” highlighting the murky waters through which the project continues to navigate. The cryptocurrency market is in turmoil due to shocking claims made by Nadir Hajarabi, a supposed former employee of the controversial project Worldcoin. In a YouTube video, the man alleges...

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US Air Force takes artificial intelligence off the ground with new drone

The XQ-58A Valkyrie experimental aircraft marks a revolution in the use of artificial intelligence in aerial combat, bringing new dynamics and dilemmas to the military industry Photo:  XQ-58A Valkyrie: US Air Force experimental aircraft (XQ-58A Valkyrie/Reproduction) The XQ-58A Valkyrie, an experimental aircraft developed by the United States Air Force, is making waves in the skies by taking military operations' artificial intelligence (AI) to new heights. With the ability to cross Brazil without refueling, this unmanned aircraft is seen as an extension of traditional fighter jets, enabling...

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Saudi Arabia anticipates and reserves 3.000 H100 chips from Nvidia to create its own ChatGP

The Prince spent U$ 120 Milions to make your own AI Photo = Mohammad bin Salman: Crown Prince of Saudi Arabia Saudi Arabia and the United Arab Emirates (UAE) have significantly ramped up their purchases of high-performance chips from Nvidia, crucial for the development of artificial intelligence (AI) software. This action comes amidst fierce global demand for these components. In their latest move, the King Abdullah University of Science and Technology (KAUST), a Saudi Arabian public research institution, has acquired at least 3,000 Nvidia H100 chips, each valued at $40,000. The H100 chip...

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