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Bitcoin This Week: Eminem Raps About Bitcoin, California Blockchain Bills In The Pipeline And More

Bitcoin This Week: Eminem Raps About Bitcoin, California Blockchain Bills In The Pipeline And More
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Firefox To Tackle Cryptojacking With Further Security Updates

Cryptojacking is a rising threat faced by internet users worldwide. Having your machine surreptitiously hijacked by an online assailant and turned into a crypto mining client is a very real possibility nowadays. And the threat is on the rise; Cryptojacking rates rose by a massive 85% in the last quarter of 2017. A cryptojacking attack usually starts with hackers either enticing users to click on an email link, or by using JavaScript code to infect a website or online advert. The crypto mining code auto-executes and works away in the background, often without the user’s knowledge.

Rap Star Eminem Refers To Bitcoin In His Latest Album ‘Kamikaze’

Cryptocurrencies and hip-hop music are not two concepts that you’d normally associate with one another. In fact, the music world appears to remain largely oblivious to the existence of cryptocurrencies with some notable exceptions. Rap star Eminem has included a reference to the original cryptocurrency in his latest album.

Online News Outlet Puts A Positive Spin On The Concept Of Crypto-Mining Energy Consumption 

Mining cryptocurrencies is a notoriously costly process in terms of energy consumption. A piece recently published in the Digiconomist site revealed some pretty startling statistics. A whole year of Ethereum mining consumes 5.01 Terawatts of electricity, which almost equals the entire 12-month power usage by a country like Moldova. Broken down further, a single Ethereum transaction consumes 39.00 kWh. To put this into perspective, a dishwasher consumes an average of 288 kWh per year. These are pretty sobering statistics, more of which you can read here.

California Announces Upcoming Legislation To Support Blockchain 

The legal status of the blockchain is unclear at best, and non-existent at worst. Though the technology has been around for some time, it is only now that Governments are beginning to take notice, and in many cases, they simply don’t know what to do with it. Looking at the Golden State of California, several blockchain-related legislative Bills are on the cards.

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