Intel Announces Cryptocurrency Mining Initiative – February 11

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $43,622

Bitcoin price has stumbled back into the $43,000s to begin Friday, as things appear to cool off from this week’s recovery rally.

Top-20 altcoins have also suffered a little, as Ethereum and BNB fall 4% each and XRP tumbles 7%.

Top Stories for February 11, 2022 πŸ”₯

πŸ‘‰ Intel Announces Cryptocurrency Mining Initiative

Chipmaker giant Intel has revealed that it is diving into the cryptocurrency mining world, producing energy-efficient application-specific integrated circuit (ASIC) chips for mining.

Argo Blockchain and Jack Dorsey’s Block (formerly Square) are set to be the first to receive the company’s specialized chips, which Intel claims have 1,000 times better efficiency than mainstream GPUs for SHA-256 mining.

πŸ‘‰ Drake Bets $1.3M In Bitcoin On Super Bowl Via Betting Platform “Stake”

Superstar rapper Drake has bet a total of $1.3 million in Bitcoin on the Super Bowl, using the sports betting platform, Stake.

Almost half a million dollars of his stake was placed on the Rams to be the winner, with a further $684,000 of Bitcoin placed on Odell Beckham Jr for a pair of individual statistic bets.

πŸ‘‰ PancakeSwap DEX To Begin Blocking Users Based In Iran

PancakeSwap, the largest decentralized exchange on Binance Smart Chain (BSC), is reportedly set to begin blocking users based in Iran, using IP address restrictions.

The move is somewhat controversial, raising questions about the true decentralization of PancakeSwap and other decentralized exchanges. Other countries including North Korea, Cuba, Iraq and others are also included in the geofencing ban.