Bitcoin miners tap billions in funding to counter energy challenges

Bitcoin mining firms are turning to billions in fresh funding as high energy prices squeeze profits. Facing soaring energy costs, Bitcoin (BTC) miners in the U.S. are building war chests worth billions as competition for resources intensifies and profitability following…

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Bitcoin frenzy spun $1b volume in 25 minutes for BlackRock’s ETF

Bitcoin’s multi-day blast to consecutive new highs caught Wall Street's attention, with billions flowing in crypto ETFs since November’s start and the U.S. elections.

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Crypto Pioneer Arthur Hayes Suggests Massive Chinese Capital Outflows Bode Well For Bitcoin

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Bitcoin Makes Appearance on Another Episode of SHOWTIME's Hit Series 'Billions'

American writer Ben Mezrich pushes Bitcoin into the mainstream with another ?Billions? episode

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Craig Wright’s Motion To Dismiss Gets Denied In Dave Kleiman’s Lawsuit For Billions Worth In Bitcoin

Craig Wright’s Motion To Dismiss Billions Of USD Lawsuit Over Bitcoin Has Been Denied Craig Wright, a crypto investor and the self-proclamed creator of Bitcoin has recently attempted to dismiss a lawsuit that alleged that he used Bitcoin worth billions of USD from of a former business partner, Dave Kleiman. The suit is being made […]

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Craig Wright-Led Bitcoin SV (BSV) Plans To Accommodate Billions Of Users To Fulfill Satoshi’s Vision

Bitcoin SV To May Accommodate Billions Of Users In The Near Future The fallout from the split between Craig Wright’s Bitcoin Cash Network (BCH), and nChain’s Bitcoin Satoshi Vision (Bitcoin SV) has taken a new dimension, with the latter declaring its ambitious goal to build a platform that will be used by billions of people […]

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Investment Funds Network Calastone Will Shift onto Blockchain in 2019

Calastone, a London-based fintech firm, will shift its existing network onto a blockchain in May 2019. According to a Reuters’ article published on December 3, 2018, the move to blockchain technology will help the company reduce billions of dollars in costs every year for the fintech sector.

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Developer: Bitcoin SV Aims For 5 Billion Users

Bitcoin SV’s scalability means it will one day be capable of hosting billions of people on a daily basis, claims the project’s lead engineer. Daniel Connolly, a member of the SV development team, told Crypto Briefing that billions of people should be able to use the payments protocol.

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EOS, Stellar (XLM) Fight for Top 4 Coin Market Spot, Looking to Oust Splintered Bitcoin Cash (BCH)

The Bitcoin Cash hard fork has cost the coin billions in market capitalization and is currently trading at $!84 which is almost 90% off its all-time high. Consequently, Stellar (XLM) and EOS are rapidly gaining on the coin and will soon surpass it in terms of market capitalization Stellar has remained relatively stable after the […]

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BTC-e Operator Alexander Vinnik to Go on Hunger Strike, Lawyer Says

Alexander Vinnik, the suspected operator of the infamous BTC-e exchange, plans to start a hunger strike on Monday, days before his next court hearing. The Russian, who has been accused by U. S. authorities of laundering billions of dollars through the now-defunct crypto trading platform, fears he is not going to receive a fair trial.

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Bitcoin Drops $400 In An Hour To Trade Below $3,800. Is There Really A Bottom?

By now, crypto investors have become mentally prepared for the possibility of Bitcoin dropping suddenly and shedding billions of dollars in the process. However, at the back of their mind, many investors were confident that the $4,000 support level would hold strong and Bitcoin would use this level to bounce back.

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Despite Losing The BCH Hash War, Craig Wright Still Thinks Billions Will Use Bitcoin SV (BSV) In Time

Despite Falling Behind In The Hash Wars, Craig Wright Thinks Billions Will Use Bitcoin Cash SV Eventually “Going forward we will start to open up and allow the business use of the Bitcoin blockchain.

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Zero-Confirmation Forfeits: Adding Security to Unconfirmed BCH Transactions

On Nov. 20, the Bitcoin Cash developer Awemany announced the first code proposal for a concept called Zero-Confirmation Forfeits (ZCF), a protocol that adds a layer of security to zero-confirmation transactions.

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Craig Wright: “Billions of People Will Use Bitcoin Cash SV In Coming Years”

Away from the unnecessary hash wars, Craig Wright the Chief Scientist at nChain is a decent and have the best interest of the Bitcoin network and users at heart. Circumstances seem to tick him to “wild mode” and after a bitter exchange of words with Roger Ver and re-asserting that he is Satoshi, he now […] The post Craig Wright: “Billions of People Will Use Bitcoin Cash SV In Coming Years” appeared first on Ethereum World News.

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Markets Update: Cryptocurrencies Shed Billions in Bloody Sell-Off

Cryptocurrency enthusiasts have been glued to the price charts over the last 48 hours as digital assets across the entire crypto-economy have plunged significantly. Since our last markets update two days ago, the digital currency ecosystem has lost over $30 billion and the overall market capitalization of all 2,000+ coins now sits at around $159 […] The post Markets Update: Cryptocurrencies Shed Billions in Bloody Sell-Off appeared first on Bitcoin News.

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The Strategy Is Clear – the SEC Will Not Allow Crypto Abuses, Especially Through ICO’s

Initial Coin Offerings (ICOs) are known as the Wild West of the cryptocurrency market. Though ICOs have bought billions of dollars into the pockets of aspiring startups, they lack one major element of the traditional IPOs – investor security.

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The Strategy Is Clear – the SEC Will Not Allow Crypto Abuse, Especially Through ICO’s

Initial Coin Offerings (ICOs) are known as the Wild West of the cryptocurrency market. Though ICOs have bought billions of dollars into the pockets of aspiring startups, they lack one major element of the traditional IPOs – investor security.

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Bitcoin Begins Recovery After Bloodbath, XRP Holds Onto Lead Over Ether: The Weekly Price Review

It’s been a week that many investors wish they could erase, one that began with much promise but ended in despair. The week’s highlight was the Bitcoin Cash hard fork which took place on Thursday.

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Markets Update: Traders Expecting Major BCH Action When Exchanges Open

It’s been a pretty hectic week for cryptocurrency enthusiasts as the infamous Bitcoin Cash hash war has unfolded. Overall, the cryptocurrency economy has lost billions since our last markets update, with the entire market worth roughly $188 billion on Sunday, Nov.

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World’s Largest Chip Manufacturer Nvidia Hurting From Bitcoin Price Fall

Bitcoin (BTC), Cryptocurrency, Nvidia–While investors are still reeling from this week’s cryptocurrency price fall, which saw billions shed from the market capitalization in a matter of hours, chip manufacturer Nvidia is left dealing with the fallout.

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XRP Jumps ETH As Top Two Token By Market Cap As Ripple’s Momentum Shows Over Ethereum’s Roadmap

Bitcoin has been, and will continue to be for the foreseeable future, the cryptocurrency that has the highest market cap, considering that it is billions of dollars ahead of its fellow assets. However, XRP and Ethereum seem to constantly be in a battle for the second spot. Ethereum is usually victor, but XRP is presently […]

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VanEck Shares Bitcoin ETF Approval Benefits Regarding Billions Waiting to Enter Crypto Market

One of the most awaited happenings of 2018 in the crypto community is a decision on an ETF application. The SEC, of course, has its concerns. Thus far, the commission has declined 9 proposals, mainly due to the fact that ETFs can be subject to manipulation. VackEck, who submitted his own ETF proposal to the […]

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VanEck: A Bitcon ETF Approval Would Mean An In-Flow Of Billions Of Dollars In Investment

Throughout the better of part of 2018, there have been intense talks about the possibility of SEC approving a Bitcoin ETF. However, these expectations are yet to be realized as the regulatory body keeps postponing its decision.

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Coinbase, Binance to Defy Market Slump and Post Billions in Revenue This Year

With the currently depressed cryptocurrency prices yet to recover from January’s massive correction, most crypto investors are struggling to produce a profit this year. Perhaps it is even safe to assume that many digital portfolios have suffered substantial losses similar to the crypto market as a whole.

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John McAfee Speaks on the legal battle between the Winklevoss Twins and 28 year old Bitcoin Millionaire Charlie Shrem

Software developer turned cryptocurrency enthusiast, John McAfee has broken his silence over the ongoing legal battle between the Winklevoss Twins who made billions in Bitcoin from their settlement with Facebook’s CEO Mark Zuckerberg, and Charlie Shrem, one of Bitcoin’s first millionaires now fondly called “first Bitcoin felon”.

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What Is the Bitcoin Lightning Network?

The Lightning Network is an open protocol layer that leverages the power of blockchain and smart contracts to enable instant payments across a network of participants. The Lightning Network enables instant payments at exceptionally, low fees with millions to billions of transactions per second, and cross-chain atomic swaps.

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

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Three Years Later, Ethereum’s Hottest DApps Are (Still) ICOs and Cats

With Ethereum’s launch in 2015 came a flurry of excitement over the future potential of smart contracts. Utilizing a more flexible scripting language than Bitcoin, the platform’s decentralized applications (DApps) were touted by proponents as unlocking a plethora of formerly untapped use cases for the blockchain.

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REMME Is on Track to Deliver a Password-less Future with Blockchain

With billions of people and devices connected to the internet at any given point of time, online security has perhaps never been this crucial. Despite all the vulnerabilities the approach implies, sensitive data – including personal identities and financial records – is still stored on centralized servers accessible via password authentication.

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

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Bill & Melinda Gates Foundation Bets on Ripple and Coil to Bring Financial Services to the Poor

Bill & Melinda Gates Foundation’s efforts to extend financial services to billions of unbanked and underprivileged people around the world gained new momentum after it struck a deal with San Francisco based blockchain firm Coil.

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No, Tron’s Partnership With Baidu Isn’t Worth the Hype Justin Sun Created on Social Media

Tron CEO Justin Sun has done it again! Turns out the new partnership with “an industry giant valued at tens of billions of dollars” he was hyping so much about on social media actually only gives Tron access to Baidu Inc.

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North Korean Hacking Group Lazarus Behind $571M in Hacks Since January 2017

North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges.

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China’s Baidu Rumored to Be Justin Sun and Tron’s ‘Billion Dollar Valuation Industry Giant’ Partner

Justin Sun, founder and chief executive of Tron, is known for keeping the Tron and crypto communities in suspense. Sun tweeted on Oct. 12 that Tron is partnering with an industry giant valued at tens of billions of dollars but asked the crypto verse to guess who the partner is.

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Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

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Bitcoin (BTC) May Never See $6,000 Again

Chart for BTC/USD (1W) Bitcoin (BTC) is finally out of the woods. The above weekly chart for BTC/USD shows that Bitcoin (BTC) has formed a weekly candle above the historical downtrend line. This is the first time since January 2018 that Bitcoin (BTC) has breached this resistance line and formed a candle above it.

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Binance Invests $2.5 Million in Australian Blockchain Travel Startup

Binance has announced a $2. 5 million investment in Australian travel startup TravelbyBit in a move to introduce a blockchain-based, point-of-sale (POS) payment system across major airports around the world.

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Bitmain Bets on Bitcoin Cash and Fails

Bitmain has filed for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX). The company was valued at $14 billion in its most recent pre-IPO financing round, with Sequoia China being the major investor.

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European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank.

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Presenting a United Front of Blockchain Companies to Work With Congress

It’s a sign of the times and the growing maturity of the crypto industry that a new industry trade association launched in Washington, D. C. , on September 11, 2018, to lobby the U.

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The $234 Billion Money Laundering Case at Danske Bank’s Impossible in Bitcoin Ecosystem

This week, Danish publications reported that Danske Bank CEO has resigned amidst allegations of potential money laundering hundreds of billions of dollars, an amount that is equivalent to the market cap of crypto.

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How OTC trading is impacting the bitcoin price

Whales are moving billions on the OTC market every day — transactions that influence the price of bitcoin without ever appearing on an exchange’s order book — a scenario which could affect the SEC approval of a Bitcoin ETF going forward 

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Billion Dollar ICO Industry Governed by Securities Law, Judge Rules

U. S. V. Zaslavskiy, 17-cr-0647, U. S. District Court for the Eastern District of New York (Brooklyn), just might go down as a definitive case for cryptocurrency enthusiasts. Many, many billions of dollars generated through initial coin offerings (ICOs) are now, according to a federal judge, considered under the jurisdiction of securities laws.

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Despite Recent Crashes In Crypto Prices, 72% of Crypto Buyers Still Plan to Get More

The cryptocurrency markets have lost hundreds of billions of dollars since experiencing all time highs in early 2018.  With Bitcoin dropping from nearly $20,000 to its current price hovering around $6000 and many altcoins down about 90%, it’s fairly easy to say that many crypto holders are hurting right now.

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Bitcoin Fraud Suspect Alexander Vinnik Extradited To Russia

Greece’s Supreme Court has approved the extradition of Alexander Vinnik to Russia. Some think he might also have valuable information for U. S. Special Counsel Robert Mueller as he investigates alleged Russian election meddling.

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Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

The big three in the world of bitcoin mining equipment manufacturers are all planning to list in Hong Kong and raise billions of dollars in the process. An August 27, 2018, Reuters report examined how Bitmain, Canaan Creative, and Ebang are going about their billion dollar IPO plans.

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Bitcoin Could Make Credit Cards Obsolete

According to some financial experts, Bitcoin transaction fees are lower. In addition, Bitcoin bypasses the unnecessary and expensive financial institutions within which credit cards depend. Therefore, experts believe that Bitcoin’s advantages will encourage merchants to replace credit cards with Bitcoin.

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Markets Update: Crypto Prices Consolidate After Some Volatility

Cryptocurrencies markets have been volatile and very indecisive over the last 48-hours as the entire digital asset economy lost billions in value since US regulators postponed their decision concerning the Cboe/Vaneck BTC-based exchange-traded fund (ETF) last week.

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Markets Update: Bears Claw Billions Off Digital Currency Valuations

Cryptocurrencies tumbled once again today in value as a great majority of digital assets are seeing losses this Saturday. Since our last markets update the entire digital currency economy shaved another $15 billion off the market capitalizations of all 1,600+ cryptocurrencies.

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