Tag Archives: Inside

Steven Seagal’s Crypto Endorsement: Inside A Massive Cloud Mining Crypto Swindle

A multi-platform, multi-continent scam roped in hundreds of people for at least $1,000 each over the course of 2017 and 2018. The old Cloud Mining exit scam in the extreme. An altcoin called “Bitcoin 2nd Generation,” B2G or Bitcoiin2G came out of the charade with actor Steven Seagal reportedly endorsing the cryptocurrency. The B2G ICO (Initial Coin Offering) culminated in New Jersey, where The New Jersey Bureau of Securities cracked down on B2G advertisement in the state. A company called Dragon Mining is allegedly behind the whole scheme, possibly including B2G itself. Continue reading Steven Seagal’s Crypto Endorsement: Inside A Massive Cloud Mining Crypto Swindle

Inside Ethereum’s Plan To Reduce Energy Consumption by 99%

Ethereum intends to move to proof-of-stake in the future. Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around 99%. There have been repeated claims that cryptocurrency uses too much energy and is therefore inefficient and environmentally unfriendly. Some reports find that mining cryptocurrency uses more energy than gold mining, some the opposite. Some researchers find that mining is overall bad for the
environment. Continue reading Inside Ethereum’s Plan To Reduce Energy Consumption by 99%