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In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned … Read more
Today’s installment of The Daily is all about dirty tricks. The sort of tricks designed to convince the world that Bitcoin is bad. Spending bitcoin, mining it, or allowing the Chinese to mine it ahead of the U.S. — all bad, according to American Express, the White House (allegedly) and a handful of other haters. … Read more
Well, after all the hype and hoopla stemming from bitcoin’s $100 spike roughly 24 hours ago, it appears we’ve been fooled once again. Bitcoin is back down to the $6,500 range, suggesting that the currency has truly found comfort in this area over the past few weeks and isn’t as eager to move as we … Read more
This week the firm Squire Mining, a company that plans to offer next-generation 10nm ASIC chips, has revealed it is working with Samsung Electronics as its foundry partner. With help from Samsung’s foundry, Squire, and a company called Gaonchips, plan to complete its ASIC chip FPGA prototype by September 30, 2018. Also read: Ebang Announces 44 … Read more
Bitcoin mining hardware giant Bitmain has unveiled its next-generation ASIC chip soon to be used in the firm’s new ‘Antminer’ crypto mining machines Go to Source Powered by WPeMatico
According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now … Read more
Bitcoin’s skyrocketing energy consumption levels don’t increase in the summer quite as much as you might think Go to Source Powered by WPeMatico
According to new figures provided by the US Energy Information Administration and obtained by Cleantechnica, an energy-focused publication, renewable energy sources surpassed nuclear energy sources in 2018, which could have a profound impact on the global crypto mining sector. For many years, especially in December of 2017 during the peak of the cryptocurrency market, major … Read more
North Korea has reportedly attempted to mine Bitcoin, and a local tech firm is said to be developing a Bitcoin exchange Go to Source Powered by WPeMatico
A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims. Also read: Yahoo! Japan Confirms … Read more
