The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by Scambots

July 11, 2018
27 Views



The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by Scambots

In today’s edition of Bitcoin in Brief we cover why Google founder Sergey Brin has become a crypto miner, and why Elon Musk is impressed by crypto scambots on Twitter. Additionally covered are a new response from Fcoin regarding recent allegations and a $100 million venture capital fund for blockchain startups in Israel.

Also Read: Opera Browser Introduces a Built-in Cryptocurrency Wallet

Google Founder Is a Crypto Miner

The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by ScambotsSergey Brin, one of the two founders of Google and current president of its parent company Alphabet, took part in a blockchain conference in Morocco a few days ago and revealed that he is a crypto miner. With a net worth of over $50 billion, Brin has no need for an extra income, but he started mining to further his son’s knowledge about the technology and got hooked himself. “A year or two ago my son insisted that we needed to get a gaming PC,” Brin said. “I told him If we get a gaming PC we have to mine cryptocurrency. So we got an ethereum miner on there and we’ve been making a few pennies and dollars since.” He added: “That definitely got me interested and I started to study the technology behind it and found it to be fascinating.”

Elon Musk Impressed by Scambots

The founder of Tesla and Spacex, Elon Musk, knows how to recognize great tech when he sees it. Twitter is infested by scams that automatically reply to messages by high profile accounts with promises of giveaways while mimicking them in every possible way. This phenomena has spread from just crypto influencers to even people such as the original Captain Kirk, William Shatner. Musk has taken note of this and he seems to be very impressed with the scammers. He said: “I want to know who is running the Etherium (sic) scambots! Mad skillz …” The geniuses behind these might want to reach out to Musk to seek work on getting humans to Mars, developing a self-driving car, or even preventing an AI takeover of the Earth. Sounds more challenging than taking money away from fools, no?

Fcoin Denies Fake Volume Bots

Speaking of bots, Fcoin, which was previously pilloried for slowing the ethereum network, has came under fire from critics with new accusations of employing bots to drive up its exchange volume. The team denied this to us, saying: “Just like Bitcoin cannot control miners’ activity, FCoin cannot control the mining activity of the community. With that said, FCoin doesn’t encourage bot-trading on the platform. The ‘Trans-Fee Mining’ model is designed in a way that it eliminates such possibilities…FCoin doesn’t hire or own bots to increase the trading volume. As far as fake volume is concerned, FCoin cannot indulge in such practices. It simply doesn’t make any sense to create fake volume and use our own funds to reimburse the 100% transaction fee.”

$100 Million for Blockchain Startups in Israel

The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by ScambotsIsrael might not be the most welcoming of cryptocurrency environments, but its specialized tech and cryptographic talent continues to attract venture capital. Benson Oak, an investment bank which raised over $5 billion for young technology companies such as AVG, has announced it has already secured $25 million in commitments for a new $100 million fund. Benson Oak Ventures is said to be focused on Israeli startups, with an emphasis on blockchain technologies. Managing partner Robert Cohen said: “I believe that there are great entrepreneurs in Israel who are leading the platforms of the future, with creating and disruptive use of blockchain technologies. I moved to Israel six years ago, and with a passion to build companies, I have established Benson Oak Ventures as a new platform to provide financial and operational capital to the best entrepreneurs in Israel and around the world.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by Scambots appeared first on Bitcoin News.





Source link

You may be interested

BITCOIN ON FIRE: CAN IT GO LOWER? – Cryptocurrency/BTC Trading Analysis
Video
11 views
Video
11 views

BITCOIN ON FIRE: CAN IT GO LOWER? – Cryptocurrency/BTC Trading Analysis

Editor - July 20, 2018

Looking at the crypto currency markets for trading BTC and LTC etc. This market trading analysis applies to various exchanges,…

Bitcoin Skeptic Peter Schiff to Joe Rogan: BTC Will Plummet, Voorhees Debate Rigged
Bitcoin News
9 views
Bitcoin News
9 views

Bitcoin Skeptic Peter Schiff to Joe Rogan: BTC Will Plummet, Voorhees Debate Rigged

Editor - July 20, 2018

[ad_1] At the hour and twenty four minute mark, slightly more than half way in their time together, famed bitcoin…

Bitcoin price LIVE: BTC slips – expert warns of price fall – we haven’t ‘seen the worst’
Bitcoin News
9 views
Bitcoin News
9 views

Bitcoin price LIVE: BTC slips – expert warns of price fall – we haven’t ‘seen the worst’

Editor - July 20, 2018

[ad_1] Bitcoin price LIVE: BTC slips - expert warns of price fall - we haven't 'seen the worst'  Express.co.uk$230 Million Cleared…

Leave a Comment

Your email address will not be published.