Brothers ages 14 and 9 earn money mining cryptocurrencies in their home garage. The incident has occurred in the city of Frisco, in Texas (United States), which is attracting the attention of the local media. According to the Dallas News, Aanya Thakur, 9, and his brother Ishaan, 14, earn $ 32,000 a month mining Ethereum.
Before, as we see in the movies, the brothers had a lemonade stand with which they made about $ 100.
The one who discovered the idea of mining cryptocurrencies and told young people about it was the father of the children in February of this year. Seeing the prices of cryptocurrencies rise and the possibility of mining them, the Frisco duo came up with the idea of making money from mining Ethereum.
Speaking to Dallas News, Ishaan said: “We wanted to invest in cryptocurrencies, but we didn’t have the money to buy Bitcoin. So we bought the equipment to mine it instead. ‘
They started mining in March with an old gaming computer, earning $ 1,000 in the first month. Last month they made more than $ 32,000.
They revealed that they use the proceeds to buy more mining equipment for their company, Flifer Technologies, which they created on April 30.
They decided that Bitcoin had become too competitive, so they opted to mine Ethereum.
Vitalik believes decentralized token-based governance is hurting DeFi
Ethereum co-founder Vitalik Buterin has dived deep into decentralized token-based governance. Suggesting that existing voting mechanisms are flawed and may be preventing the decentralized finance (DeFi) sector from showing its full potential.
In a lengthy blog post on Monday, Buterin stated that the crypto community needs to “go beyond voting with coins as it exists in its current form.”
Currently, most DeFi projects handle protocol updates, rewards issuance, and other facets of governance elections. Where the votes are distributed among the token holders according to the size of their shares.
However, many projects have been criticized for allowing their voting process to be dominated by whales that own vast swaths of governance tokens. Allowing them to vote in support of their personal interests.
Technical standards published in El Salvador to facilitate the application of the Bitcoin Law
The Central Reserve Bank of El Salvador published technical standards to facilitate the application of the Bitcoin Law. And, also guidelines for the authorization of the operation of digital wallets for Bitcoin and dollars.
Soccer club PSV Eindhoven to accept new sponsorship deal in Bitcoin
The soccer ecosystem has stepped up its adoption game as more clubs continue to engage cryptocurrencies in their core operations.
Netherlands-based top-tier soccer club PSV Eindhoven has partnered with local cryptocurrency trading platform Anycoin Direct, which will pay the club an undisclosed amount of Bitcoin (BTC) in a new sponsorship deal.
According to the official statement, Anycoin Direct will remain an official partner of PSV Eindhoven for the next two seasons with the aim of increasing awareness of cryptocurrencies across Europe.
By using the services of the crypto platform, PSV Eindhoven will be able to receive the full amount of the sponsorship in Bitcoin. Which makes it the first major football club in the European Union to obtain paid sponsorship in cryptocurrency.
Britney Spears invested in Bitcoin in 2014 to hide purchases from her father
Recently released reports reveal that the American singer known as “The Princess of Pop”, Britney Spears, apparently invested in Bitcoin in 2014. To keep some of her business activities hidden from her relatives.
This was revealed by the hosts of the podcast “Toxic”, Tess Barker and Barbara Gray, who have been investigating and reviewing the events surrounding the case that the singer is currently facing. Since this demands before the courts to recover his own legal guardianship and to withdraw the rights of his father, James Spears.
In relation to Spears’ use of digital currency, the documents accessed by Barker and Gray reveal that the singer used Bitcoin in 2014 to make certain purchases without her father knowing about it, precisely out of fear of some kind of retaliation for part of who was listed as his legal representative.