Coinbase’s (COIN) Tremendous Bowl was met with blended outcomes, a U.Okay. authority seized NFTs for what may very well be the primary seizure of the digital asset in a fraud case and Intel (INTC) – Get Intel Corporation Report appeared to focus on bitcoin mining. Watch Ross Mac of Maconomics break down the most recent cryptocurrency information on TheStreet’s ‘Crypto Minute’ on Monday, February 14.
Transcript:
We had a Tremendous Bowl crypto advert not solely breaking data, but additionally breaking its personal website whereas one giant semiconductor firm is entering into crypto mining.
It’s your boy Ross Mac and these are the most important tales in cryptocurrency on Monday, February 15.
Crypto and metaverse advertisements dominated this 12 months’s Tremendous Bowl advertisements, however Coinbase had maybe the only and what gave the impression to be one of many extra good advertisements of the evening, which was a QR code that bounced off of the perimeters of your display. Nonetheless, as thousands and thousands of People went to scan the QR code of the multi-million greenback industrial, the app crashed. That they had over 20 million hits on its touchdown web page in a minute…the irony is that they spent a ton to make a easy advert work, however they weren’t ready ultimately.
Intel is getting into the blockchain mining market. The corporate introduced that will probably be releasing {hardware} that may mine bitcoin that will not put a pressure on vitality provides, or stop prospects from accessing chips, says Intel. Oh, and the corporate is avoiding calling it, properly, mining. As an alternative, Intel is pushing the time period blockchain accelerators. This would possibly simply assist different chip corporations who’ve had stress on their inventories prior to now resulting from miners.
U.Okay. tax authorities seized three NFTs in a case of suspected tax evasion, claiming to be the primary authority to grab NFTs. HM Income and Customs had obtained a court docket order to grab crypto property round 5,000 kilos and, in fact, the NFTs. Nonetheless, the NFTs haven’t been valued but. The authorities stated “this serves as a warning to anybody who thinks they will use crypto property to cover cash from HMRC”.
It’s your boy Ross Mac and that was the Crypto Minute on TheStreet.
