Dave's Daily Crypto Take

DDCT #68 - 10/15/2021 (Young Siblings Make $35K Monthly By Mining Cryptocurrency. Here’s How They Do It)


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Dave's Daily Crypto Take


In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.


My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.


ARTICLES used in today's video:


https://electrek.co/2021/10/14/tesla-tsla-bitcoin-investment-already-up-by-1-billion/


Tesla’s (TSLA) Bitcoin investment is already up by $1 billion


Tesla (TSLA) must be feeling pretty good about its move into cryptocurrency holding, as its stake in Bitcoin is already up by $1 billion.


Tesla and Bitcoin

Over the last year, Tesla has been delving deep into the cryptocurrency world. Earlier this year, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles.


Later, CEO Elon Musk even talked about the potential of Tesla starting to accept Dogecoin as payment for its vehicles.


https://finbold.com/over-600-million-wiped-from-shib-market-cap-in-10-minutes/


Over $600 million wiped from SHIB market cap in 10 minutes


Shiba Inu (SHIB), a decentralized meme currency, lost almost $600 million in ten minutes on Thursday, October 14.


Interestingly, the token plummeted from $11.22 billion to $10.61 billion in the space of just ten minutes, meaning the memecoin is currently trading at $0.0000274, down 5.2% in 24 hours and down 8.2% in the last week, with a market capitalization of $10.6 billion.


https://ambcrypto.com/sec-chair-hester-pierce-says-we-have-to-confront-this-fact-about-bitcoin-etf/


SEC’s Hester Peirce says we have to ‘confront this fact’ about Bitcoin ETF


Much of the talk in the American crypto space lately has surrounded the question of regulation, or the lack of it. Comments by the Fed and the SEC denying any plans to outright ban the industry has sent Bitcoin and other alts pumping to monthly highs recently.


However, a cloud of uncertainty still hovers over investors, as the central question remains unanswered. Which cryptocurrency is a security and how does one determine it?


https://www.vice.com/en/article/jg8yj8/ted-cruz-says-bitcoin-mining-can-fix-texas-crumbling-electric-grid


Ted Cruz Says Bitcoin Mining Can Fix Texas’ Crumbling Electric Grid


Texas’ energy grid has problems. Those issues were laid bare this past winter when a storm put the state in a deep freeze, causing blackouts for millions and killing hundreds of people. Sen. Ted Cruz told a cryptocurrency conference in Austin last week that he believes the state’s Bitcoin mining boom could repair its floundering energy grid.


In a fireside chat at the Texas Blockchain Summit on Oct. 8, the Republican senator expressed his faith that the mass buildout of crypto mines in the Lone Star State could add additional energy capacity to the state’s grid in the event of blackouts or power shortages.


https://miami.cbslocal.com/2021/10/14/mining-cryptocurrency-ethereum-young-siblings-make-35k/


Young Siblings Make $35K Monthly By Mining Cryptocurrency. Here’s How They Do It


FRISCO, Texas (CBSDFW.COM) – Ishaan Thakur, 14, and his sister Aanya, 9, make it sound easy. Eight months ago, the Texas siblings converted their gaming computer into a cryptocurrency mining machine.


“I went online, watched a couple YouTube tutorials, and I just learned it,” Ishaan explained to KTVT-TV in Dallas. “It’s possible for anyone to do it if they put their mind to it.”


On their first day of mining, the siblings made $3. Now they are making more than $35,000 a month mining mainly for the cryptocurrency, Ethereum.


“We didn’t know much about it at first,” said Aanya. “But our dad told us stories about how much the prices were going up so we wanted to find out about it. That’s how we got started.” 


https://alternative.me/crypto/fear-and-greed-index/


https://coinmarketcap.com/


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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.


Thank you very much


Dave



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Dave's Daily Crypto TakeBy Dave D