The Bad Crypto Podcast Goes Green: New Partnership with Gather Network

NEW YORK, March 11, 2022 (GLOBE NEWSWIRE) — via InvestorWire — The Bad Crypto Podcast is excited to announce its new partnership and advisory role with Gather Network. Proving to be an environmental powerhouse and revolutionary blockchain solution for website and app publishers, Bad Media Group is proud to make this strategic partnership with Gather Network and adopt its technology. With its innovative method of repurposing excess processing power, Gather Network combats the environmental impacts of cryptocurrency mining and provides adopters with a significant revenue stream. Led by charismatic show hosts Travis Wright and Joel Comm, the popular Bad Crypto Podcast is set to bolster market awareness and widespread adoption of Gather Network’s unprecedented technology.

Save the planet, get rewarded — that’s the concept Gather Network has made a reality for users. Boasting an environmental breakthrough for cryptocurrency mining, Gather Network reduces energy waste with its innovative model, monetizing publishers’ user sessions while harnessing users’ excess – and otherwise wasted – computer processing power. Upon authorizing the use of their excess processing power, users do not have to endure a slower or negatively impacted user experience.

As for getting rewarded, publishers receive the benefit of an additional revenue stream as advertising capabilities continue to diminish with the adoption of Web3 principles. As the internet transitions to Web3, users will control their private data and be able to monetize that data when allowing advertisers to market according to their digital habits and lives. Gather Network takes it up a notch by offering unique cryptocurrency mining solutions without ever using consumers’ data all the while benefiting the environment and preserving quality user experience.

Imagine if the combined excess computing power of a website’s traffic could be used to pay the website publisher, thus diminishing greatly, if not entirely, the need for advertising revenue, thereby improving the users’ experience. Thanks to Gather Network, this idea is now a reality.

Gather Network’s CEO and Founder, Reggie Jerath joined host Xen Sams on “A MoMent of Xen” to discuss the group’s technology and its positive impacts as Web3 principals impact the future of digital advertising. Listen here: Environmental Impacts of Crypto and Web3 Computing? Ft. Chris Pulley and Reggie Jerath AMOX45

How Adopters Can Go Green and Get Paid
Publishers can begin earning by embedding a simple line of code into their site or app. Getting started is easy, as publishers can quickly sign up at the Gather Network official website. By providing a few key metrics from their current web traffic, publishers receive access to a dashboard to input their cryptocurrency wallet and web domain name to access the Gather Online code. Once the publisher implements the code, the site’s visitors are greeted with a familiar-looking popup.

With one click of “accept,” visitors automatically participate in the process of getting the publisher paid, without collecting any user data or changing the user experience.

This all works because of the innovative Gather Online payout model. To encourage publisher onboarding and adoption, Gather Online incentivizes publishers with cryptocurrency payouts in their native token $GTH, which can be exchanged for fiat or other cryptocurrencies.

In order to power the conventionally energy-intensive “Proof of Work” part of the Gather Network hybrid consensus protocol, Gather Network recaptures otherwise wasted processing power from participating websites and apps. Synrgise and Shoofmax are two major platforms already seeing the benefits of adoption, as high-session lengths from their audiences provide a substantial amount of excess processing power and subsequent revenue. As a further extension of its value, a portion of the collected excess processing power is stored in the Gather Cloud, which can be used as a commodity for enterprise and B2B transactions.

As Gather puts otherwise wasted processing power to good use, Bad Crypto Podcast takes pride in their new partnership with a company on the cutting edge of some of the most significant solutions to come from blockchain technology.

Whales Bite As Bitcoin Sinks in This Week’s Crypto News

Whales Bite As Bitcoin Sinks in This Week’s Crypto News

Whales Bite As Bitcoin Sinks in This Week’s Crypto News

We start this week with a request. The Bad Crypto Podcast has been nominated in the Noonies for Cryptocurrency Podcast of the Year. If we’ve entertained you, informed you or just made you go “hmm, I did not know that” this year, please throw a vote or three in our direction.  We would be very grateful.

It’s been an odd week in the world of cryptocurrency. As inflation reaches heights not seen for 30 years and Argentines pay a 10 percent premium for crypto dollars, Bitcoin is down over 7 percent on the week, though still just above $60,000. Despite the pullback, some people think that the coin will hit $90,000 in the “coming weeks.” They include investment strategist Raoul Pal. He sees a rise of up to 300 percent before the year’s end.

One big investor certainly hopes so. Bitcoin’s third-largest whale just soaked up $99 million worth of the coin. The purchase was made as Bitcoin dipped below $60,000 so the buyer is already in the black. One possible reason for the whale’s optimism? The launch of Taproot, an upgrade that allows developers to integrate new features to improve privacy, scalability, and security.

Improved security comes a bit late for the creditors of Mt. Gox. But the rehabilitation plan to compensate them is now “final and binding.” Victims of the crypto Ponzi scheme BitConnect will also receive compensation. The U.S. Justice Department is planning to sell $56 million worth of cryptocurrency seized from Glenn Arcaro, the scam’s chief promoter.

Other parts of the government are also playing with the crypto world. Senator Ted Cruz of Texas is trying to repeal the cryptocurrency provisions in the Infrastructure Investment and Jobs Act. Ron Wyden (D-OR) and Bitcoin evangelist Cynthia Lummis (R-WY) are introducing a similar bill.

New York’s Mayor-elect Eric Adams has promised to put the city at the center of the cryptocurrency industry. Israel is applying anti-terror banking rules to cryptocurrencies. And LA’s Staples Center will soon be renamed the Crypto.com Arena.

Twitter is hiring a new crypto boss but they might want to think about offering the post to Snoop Dogg. The rapper is selling an NFT of a private party pass. Other celebs are in NFT trouble, Miramax is suing Quentin Tarantino over his Pulp Fiction NFTs.

In better news, Ethereum Wallet MetaMask has passed 21 million users, an increase of 420 percent since April. That kind of leap makes SAND look sad. The token is “only” up 37 percent as The Sandbox opens its metaverse.

Expect Argentines to look for a way to move in.

Listen to the full podcast:

Bitcoin is Still in “Good Shape”

Bitcoin is Still in “Good Shape”

It’s been a difficult week for Bitcoin which ends down more than 8 percent at just under $44,000. Mike Novogratz isn’t too bothered though. As long as the price stays above $40,000, the Galaxy Digital CEO thinks Bitcoin is in “good shape.”

Nayib Bukele agrees. The President of El Salvador, the first country in the world to accept Bitcoin as a currency, tweeted that he bought the dip. El Salvador bought 150 new coins, bringing its holding to 700 coins. El Salvador bought at $45,500. At current prices, the purchase puts El Salvadoran taxpayers just over a quarter of a million dollars in the red.

President Bukele will be hoping that those figures improve soon. The New York Digital Investment Group (NYDIG) has already produced some good figures. The group has published a report into Bitcoin’s carbon footprint. The report predicts that even if Bitcoin reaches $10 trillion by 2030, its emissions would still amount to only 0.9 percent of the world’s total, and its energy outlay would be just 0.4 percent.

Not all the number have been good this week though. Hackers made off with almost $12 million in Bitcoin from DeFi platform pNetwork. But the US is on the case. It’s making life harder for cryptohackers. The US Treasury has sanctioned Russian cryptocurrency exchange Suex for allegedly helping ransomware attackers to move more than $160 million of Bitcoin. No US residents or businesses can now work with the firm.

Suex isn’t the only exchange in trouble. Binance is stopping all crypto futures and options in Australia. Users in the country have 90 days to close their positions. In Miami, though, the city is taking on a position. The city’s commissioners have voted to accept funds generated by MiamiCoin, a new cryptocurrency from CityCoins. Mayor Francis Suarez has said that the coin has already given the city $5 million over 30 days.

Another coin doing well is Adventure Gold, part of the open-source Loot Project. The coins will become an in-game currency. An announcement from Coinbase about the currency sent the price from $2.91 to $4.29. And Dogecoin is still having its moment. Adam Aron, CEO of movie theater chain AMC has suggested that the company might accept Dogecoin in addition to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for online payments.

While old coins keep going, there’s more talk of the benefits of DeFi for the unbanked, and Compass Mining has launched a new service to let everyone benefit from cryptocurrency mining. It’s offering six different rigs.

And finally, Ron Watkins, a former administrator’s at his father’s 8Chan website and a leading force behind the QAnon movement, is selling NFTs to fund a new “secret project.” The NFTs of tweets from his now-banned stream are intended to raise funds for what Watkins has called “a critical project to help America.” 

Someone clearly doesn’t think everything is in “good shape.”

LISTEN TO THE FULL EPISODE:

 

 

Bull Run Takes a Breather – Bad News for Sept 8, 2021

Bull Run Takes a Breather – Bad News for Sept 8, 2021

It’s been a difficult week for Bitcoin in what should have been its finest hour. The coin ends around $46,000, down more than 5 percent at the end of the week in which it became legal tender in El Salvador. At one point, it was down more than 10 percent, falling below $43,000. Let’s hope things go a little more smoothly in Panama. A congressman there is introducing a bill to make cryptocurrencies legal tender, including for paying taxes.

Rama Subramaniam Gandhi, a former deputy governor of the Reserve Bank of India, would like to see his country show greater acceptance of cryptocurrencies. If they can’t be used for payment, he told the Hodl 2021 virtual conference, they should be treated as another asset class.

Or perhaps its model could be used to improve privacy on social media. That’s the plan of Bastyon messenger, a blockchain-based social media platform.

In the meantime, Swiss B2B bank InCore has launched a tokenization tool that uses Tezos, and Afterpay, a credit firm, has told the Australian Senate that crypto payments could help merchants reduce their costs. It’s no wonder that a survey has found that a quarter of US teens would buy cryptocurrencies if someone gave them money to invest.

And if they’d put that money in SOL, they would have done very well. Now that Solana is integrated into FTX’s new NFT marketplace, the price has reached $200, a rise of more than 450 percent. Or they could try to win up $150,000 in prizes in Animoca Brands and Yield Guild Games REVV Racing YGG Cup. It sounds more exciting than hodling.

Solana isn’t the only one joining the NFT world though. The NFL Players Association is partnering with Upland to sell NFTs of more than 2,000 players. The league itself is less happy. The NFL is reported to have advised teams that they cannot sell NFTs or sponsorships to digital currency companies.

That move would cut them out of some precious loot, including Loot. The NFT role-playing game has seen sales of gear approaching a million dollars each. Bloot, a raunchier and ruder spin-off, has generated $27 million of sales volume.

It’s not all good news, though. The Satoshi, a cruise ship that crypto enthusiasts had hoped to turn into a libertarian seastead off the coast of Panama, is no more. The project failed, sunk by regulations and the massive ongoing costs of running a cruise ship. Let’s hope that Bitcoin does better in El Salvador.

Hear the latest Bad News Episode here. 

Bitcoin on the Decline, as Inflation Rises

Bitcoin on the Decline, as Inflation Rises

Mining Bitcoin More Profitable Than Selling Electricity

It’s been a relatively quiet week for Bitcoin but the price is still declining and is now just a little over $32,500. That fall has continued even as inflation has risen, but some experts think the days of big drops are behind us. Billion-dollar valuations, they say, will become less frequent. One of those Bitcoin whales, Capital International Group, has just bought a 12.2 percent stake in MicroStrategy to become one of the world’s biggest indirect investors in bitcoin. 

The SEC has dropped into trouble. It’s fighting Ripple’s disposition motion in their legal dispute. And ransomware group REvil may be in even bigger trouble. The extortionists who demand payment in bitcoin have gone offline. Their move follows the seizure of almost $250 million worth of cryptocurrencies by the UK police as part of an investigation into money laundering.

According to Jihan Wu, Bitmain’s former CEO, however, action by the authorities could be good for cryptocurrencies. He’s spoken in favor of regulations. Some US crypto investors might disagree but they can turn to a former Russian sailor who’s hawking foreign passports to help them escape their capital gains taxes. The loophole, if it works, is unlikely to stay open much longer. Or maybe they can turn to the UAE. The Emirates looks set to launch its own digital currency.

Crypto investors might not be able to keep their coins safe from the government but they can keep them safer from thieves. Gnosis Safe has now expanded to Polygon, Binance Smart Chain, and Arbitrum. Maybe they should add Shiba Inu. The new meme coin passed a billion dollars in total value locked in a single day.

Also new (and perhaps a bit more useful) is a blockchain service from Samsung. Paperless aims to provide reliability and transparency for cloud-based documents. And Band Protocol, a cross-chain data oracle provider, is upgrading its BandChain oracle blockchain to Phase Two.

That’s news to interest a 13-year-old. Gajesh Naik, a seventh grader in India, already manages a million-dollar DeFi platform. Maybe he should put down his keyboard and pick up a joystick. Animoca Brands will launch a new racing game called REVV Racing next month with a big competition. Racers use NFTs and can win $150,000 in prizes.

The Bitcoin King Arrested – Bad News For July 7th with Give Directly

The Bitcoin King Arrested – Bad News For July 7th with Give Directly

The Bitcoin King Arrested – Bad News For July 7th with Give Directly

Bitcoin still seems to be saving its energy for another big push. It’s down 7 percent over the week to finish at just under $33,000 but moving within a relatively narrow band. That’s having some contrasting effects. On the one hand, institutional investors are buying crypto again, including one asset management company with more than $55 billion under management. UFC has also signed a 10-year, $175 million partnership with marketplace Crypto.com. On the other hand, derivatives figures suggest that traders think the price will fall. That could have some difficult consequences for Elon Musk. Some analysts think that Tesla might already have to report a loss of up to $100 million.

And Musk’s tweets no longer seem to work their magic. A couple of tweets about Doge spiked the market but the price fell quickly as speculators cashed in. Other people, though, are chasing Doge without paying. The launch of the Million Doge Disco, a mobile augmented reality game, has people treasure hunting and filming themselves dancing. Prizes include Doge NFTs and a share of a million Dogecoins.

Some more serious crypto ventures are going ahead, though.  Single.Earth, a nature conservation venture, has raised $7.9 million in seed funding for tokens backed by natural resources. And Sotheby’s will take payment in Bitcoin or Ether at the forthcoming sale of a 101.38-carat diamond. The stone could sell for as much as $15 million.

But where there’s treasure, there are also thieves. A former employee of cryptocurrency exchange Cryptopia has admitted copying users’ private keys and stealing about $172,000 in cryptocurrency. YouTuber Patrick Shyu has been accused of running a cryptocurrency pump-and-dump scheme. The former Google tech lead launched the Million token but is alleged to have then removed liquidity and profited from the rug-pull. And in Brazil, police have arrested Claudio Oliveira, president of the Bitcoin Banco Group. Officials believe that Oliveira moved 7,000 bitcoins belonging to clients into his personal wallet.

In the United Kingdom, Barclays Bank has blocked payments to Binance. The exchange has now halted bank transfers in euros, although it will still take payments from credit cards. And in Russia, lawmakers are working on always that would enable them to confiscate cryptocurrencies. The coins, say prosecutors, are used by criminals.

Other places, though, are looking more positive. Banks in China have told employees to encourage hundreds of people to sign up for digital yuan wallets. The Pavilions Hotels & Resorts group will now accept payments in Bitcoin and Ethereum. The group has accommodation in 14 sites around the world, including Thailand, Bali, and Mongolia. And Wyoming has approved America’s first legally recognized decentralized autonomous organization (DAO)

While DAOs advance, Ethereum 2.0 continues its own progress. A report from JPMorgan predicts project staking yields across the blockchain industry will reach $40 billion by 2025. Sygnum, a Swiss bank, has become the first in the world to allow clients to stake Ether. And a mysterious whale dumped 100,000 ETH into an Eth 2.0 deposit contract last week. The ETH flowed from 133 different addresses.

And maybe the whole Internet will soon be running on the blockchain.  A tweet from the RSA Conference, a meeting of computer security experts, asked whether the TCP/IP protocol shouldn’t be replaced with the blockchain. The post didn’t last long. The blockchain will last longer.

You can listen to the full show here:



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