Japan’s GMO Internet Develops 12 NM Mining Chips

Major internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next-generation of cryptocurrency miners. The company has described the innovation as a significant step “towards realizing a […] 7 NM process … Read more

Benebit ICO Does a Runner with $2.7 Million of Investor Funds

Benebit, one of this year’s most hyped ICOs, has pulled an exit scam, making off with a reported $2.7 million of investor funds. Other estimates put the figure as high as $4 million. The fraud only came to light after someone noticed that the team photos had been stolen from a school website. Once the … Read more

SEC Chairman Signals a Storm Coming for Fly-by-Night Blockchain ICOs

There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered in Washington on Monday, SEC chairman … Read more

Coinbase Is Making $2.7 Million a Day

Running a major cryptocurrency exchange can be a logistical nightmare, but the rewards make it all worthwhile. In information released to shareholders this week, Coinbase revealed that it recorded turnover of $1 billion last year, which works out at an astonishing $2.74 million a day or $2,000 a minute. Also read: South Korean Card Companies Block … Read more

Anyone Can Join or Create Games on Ethereum Blockchain

What draws our attention in the crypto world is the diversity of Blockchain technological capabilities. One of them is online betting. If you are an eSport enthusiast and active appreciator of Blockchain technology, this article is putting the two together in the most contemporary way of eSport gambling.  According to Entrepreneur (2017), eSports betting is a … Read more