Popular perception in the developed world remains that crypto is at best the domain of meme-conversant Wolf of Wall Street-like figures and at worst of drug dealers. Regulators and policymakers seem to partially share that belief, as crackdowns and strict regulations are announced across the globe from China to Turkey to the US. And yet in the Global South more and more people are choosing to use a technology designed to help them keep their wealth safe from confiscation, tyranny, or arbitrary restrictions. Whatever you think of crypto, its role as a force for good in some parts of the world should not be ignored.
It encompasses augmented and virtual reality.
In September, Facebook committed $50 million towards building the metaverse, where companies like Roblox Corp and “Fortnite” maker Epic Games have an early foothold.
What is metaverse?
The term is believed to have been coined by Neal Stephenson in his 1992 novel ‘Snow Crash’.
“The metaverse has the potential to help unlock access to new creative, social, and economic opportunities. And Europeans will be shaping it right from the start,” Facebook said in a blog post.
The new jobs being created over the next five years will include “highly specialised engineers”.
Miners earn money by creating new Bitcoins, but the computing power needed to do it consumes large amounts of energy.
They audit Bitcoin transactions in exchange for an opportunity to acquire the digital currency.
Global mining requires enormous computing power, which in turn uses huge amounts of electricity, and consequently contributes significantly to global emissions.
The CBECI, which is produced by the Cambridge Centre for Alternative Finance, tracks the geographic distribution of computing power used for mining Bitcoin – receiving data from a number of commercial Bitcoin mining pools.
The latest data, which covers the four months to the end of August, suggests that most Bitcoin mining (35.4%) is now US based, with Kazakhstan (18.1%) second and Russia (11%) third.
The hit Netflix show draws from schoolyard games played in Korea—and thankfully, the stakes are much lower IRL.
Running Windows 7 or 8? Better luck next time. Microsoft won’t offer a free upgrade path for those operating systems. Besides, chances are your system won’t be compatible anyway.
Of course, that base of more than a billion Windows 10 users is the most critical to Microsoft. If people fear the upgrade, then 11 will be remembered as no more than a Windows Vista.
WhatsApp has launched its first major privacy-focused advertising campaign in the UK. It follows a customer backlash against changes to its terms and conditions, announced earlier this year. The platform also said it is standing firm against pressure from governments, including the UK, to compromise on the way that it Read more…
Dogecoin has been the favourite cryptocurrency of the Internet in recent months, with wild rises in its price. But things changed after peaking around the start of this month, and it’s been in freefall since. However, although small drops continue (including fairly sharply in the last few hours) prices are starting to look a little more stable now, and are still high compared to the period before April this year.
Apple has confirmed that it is storing Chinese customers’ data inside data centres based in China, following reports by the New York Times. However it said it had “never compromised the security” of either its customers or their data. Apple said it was complying with Chinese law about the data Read more…