Here are the top cryptocurrency stories of the week: College Students Using Free Electricity To Mine Cryptocurrency According to research from Cisco, college campuses are the second largest sector when it comes to mining cryptocurrency. While the energy and utilities sector accounts for 34% of mining, colleges are right behind them at 22%. The researchers believe that the reason for this is because colleges do not charge students for electricity, which is a major expense in mining. Starbucks May Soon Accept Bitcoin According to an unconfirmed report, Starbucks will soon accept Bitcoin payments through a partnership with a digital asset platform called Bakkt. In August of last year, Starbucks became a founding partner in the platform, but it insisted that it would not be accepting cryptocurrencies. If the report proves true, Starbucks will use Bakkt to accept Bitcoin payments, but it will then immediately convert the currency into fiat currencies. BlockFi Offering Interest-Bearing Cryptocurrency Accounts BlockFi, which is a company that provides cryptocurrency lending and wealth management, is now offering interest-bearing accounts for both Bitcoin and Ethereum deposits. The accounts, which have been in private beta since the beginning of the year, offer 6.2% annual yields. The Gemini Trust Company, which is regulated by the state of New York, are the custodians of the accounts. Jack Dorsey Implies That He Purchased $10,000 of Bitcoin in a Single Week Twitter and Square CEO Jack Dorsey recently implied in a podcast that he had bought $10,000 worth of Bitcoin in a single week. He mentioned that he was unable to participate in a Bitcoin promotion because he had already reached his Bitcoin purchasing limit on Square's Cash App, which is $10,000 per week. Some Former Neutrino Employees To Leave Coinbase Brian Armstrong, who is the CEO and co-founder of Coinbase, announced that certain former employees of Neutrino will soon leave Coinbase. The exchange recently acquired the blockchain analytics company without knowing that some of their staff had participated in the Hacking Team, which allegedly sold tracking software to authoritarian regimes.
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