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$5 Million Lawsuit Against Bitmain Filed in Northern California
A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment. дальше »
2018-11-27 21:38 | |
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Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining
In recent regulatory news, the U.S. deputy attorney general has called for international cooperation on cryptocurrency regulation. Separately, the U.S. Federal Election Commission (FEC) has prepared a draft advisory that could allow political donations in the form of mining power, while the Alabama Securities Commission has estimated that the state has brought forward 20 percent […] The post Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining appeared first on Bitcoin News. дальше »
2018-11-23 02:40 | |
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Op Ed: It’s Time to Reject Mediocrity, #ExitFiat and Embrace Bitcoin
When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory. дальше »
2018-11-21 19:26 | |
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Hoskinson: Satoshi Did “An Amazing Thing”...But There Are Lessons to Learn
Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin. дальше »
2018-11-20 23:08 | |
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Crypto mining farms in China were suspended for strict tax inspections
Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks, CCN reported. дальше »
2018-11-14 18:34 | |
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Bitmain’s New 7nm Chip Miners Are Available for Purchase Today
Chinese mining giant Bitmain's 7nm Bitcoin miners go on sale today, November 8, 2018. Announced in September of 2018, the miners allegedly offer considerably faster hash rates (though Bitmain didn’t disclose any specifications) and come in two separate Antminer models: the S15 and T15. дальше »
2018-11-9 18:52 | |
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This CEO Said Bitcoin Could Hit $50k By End Of Year, Now He Says It Could Fall To $2k
In the world of cryptocurrencies, just a few months can mean a whole difference between a huge plus and a baffling minus. That’s clearly demonstrated in the way Arthur Hayes’ opinions on Bitcoin have been fluctuating of late. дальше »
2018-11-3 22:59 | |
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Unchained Capital Revamps Loans With Multi-Party, Multi-Sig Storage
Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service. дальше »
2018-11-2 21:42 | |
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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. дальше »
2018-10-31 13:00 | |
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Mining Report Says EOS Blockchain Requires Much Less Electricity in Comparison to Bitcoin or ETH
There are indeed a growing number of positive aspects with EOS, but a newly discovered quality could make it much favorable among cryptocurrency enthusiasts. For example, it has been found that EOS consumes a less amount of power compared to the sheer consumption witnessed with Bitcoin in the creation of virtual coinage. Calculations performed by […] дальше »
2018-10-31 03:22 | |
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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. дальше »
2018-11-1 23:35 | |
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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. дальше »
2018-10-30 21:45 | |
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UK Fintech Industry Slams Govt’s ‘Blunt Instrument Approach’ To Cryptocurrency
The UK could compromise its fintech sector with “very blunt instrument” regulation currently under consideration, a new report from several industry entities warns. ‘Ashamedly Geared Around Bitcoin’ As local news outlet the Telegraph reports October 29, the report criticizes plans to award more power to regulator the Financial Conduct Authority (FCA) and says treating all cryptoassets in the same way as Bitcoin was counterproductive. дальше »
2018-10-29 19:00 | |
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AI Requires the Computational Capacity that Blockchain Provides
Centralized data servers might not cope with the power AI needs. At best, they can be least slow and expensive. Could blockchain-based decentralized marketplaces for computational power be the answer? Artificial intelligence (AI) — much like the internet of things (IoT) and blockchain — is set to become a foundational technology. дальше »
2018-10-29 10:00 | |
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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. дальше »
2018-10-24 19:38 | |
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Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’
A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation. дальше »
2018-10-23 23:00 | |
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Sesameseed Opens Beta Program for TronCard, a Payments Card for Tron Blockchain
Cards could power the next wave of crypto adoption. Sesameseed is now on the path to creating a newer crypto utilization option for Tron users. A new TronCard has launched in beta for SEEDGerminator contributors at Sesameseed. дальше »
2018-10-21 16:44 | |
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New Samsung 7mn 7LPP Chips Could Reduce Crypto Mining Energy Use By 50%
Innovative Samsung Chips Could Be Beneficial for Cryptocurrency Mining Activities Samsung started to produce a new 7nm chip known as Low Power Plus (7LPP) process node. According to the company, the new chip is able to reduce energy consumption by up to 50 per cent. дальше »
2018-10-19 19:42 | |
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How the Electric Vehicle Industry Could Drive Cryptocurrency Forward
Bitcoin’s technology combined with the power of the Internet of Things and artificial intelligence are intersecting with self-driving vehicles. And they are confronting a common problem: Talent shortage. дальше »
2018-10-19 10:00 | |
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Tron (TRX) Developer Update: 90 Smart Contracts Deployed and Counting
The activation of the Tron (TRX) Virtual Machine last week was particularly important in the sense that developers could now develop smart contracts that would power Decentralized Applications on the network. дальше »
2018-10-16 11:07 | |
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Why Justin Sun Has A Lot Of Power With TRON
A rumoured partnership with TRON could be the most ambitious by Justin Sun to date. The CEO and founder of TRON founder, Justin Sun is no stranger to high profile announcements. However, the cryptocurrency leader has drawn attention in the past for his showmanship in how he markets his digital currency in the sense that at times he is blatantly promoting TRX. дальше »
2018-10-15 14:00 | |
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After Suffering a 51% Attack, Horizen Has a Solution
Horizen (formerly ZenCash) has proposed a new way to head off 51% attacks in cryptocurrencies. While it isn’t a cure-all, it might be a solution some currencies may want to adopt. It could especially help those without large amounts of hashing power. дальше »
2018-10-15 11:09 | |
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Don’t Underestimate China’s Power In Bitcoin
There has been a wealth of news of late about China and the Chinese authorities new position on cryptocurrency. In the shortest possible terms, the government want to totally ban cryptocurrency trading and investment and wish to stamp out the Bitcoin culture that has slowly built up in China. дальше »
2018-10-15 23:00 | |
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Report Links 74% of Bitcoin Mining to China, Sees Threat to Network
Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation. дальше »
2018-10-11 00:29 | |
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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. дальше »
2018-10-10 16:30 | |
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With the CBAC, East Meets West in Search of Adoption and Innovation
The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves. дальше »
2018-10-10 23:38 | |
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xRapid Could Save Blockchain – Not A Long-Term Solution
Ripple has been making headlines for the past few weeks and is still making a push for the number two spot on the top 100 cryptocurrencies according to CoinMarketCap. In the last month, it took over for a short time but slunk back into the third spot on the chart. дальше »
2018-10-10 23:00 | |
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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil
Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. дальше »
2018-10-10 22:30 | |
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Unlocking the Full Potential of IoT Farming - [BTC Media Sponsor]
You don’t need to be an agriculture expert to see the writing on the wall. Current farming methods just aren’t working anymore for most farmers of the world. There are 2 billion smallholder farms managing fewer than five acres (PDF). дальше »
2018-10-9 20:10 | |
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Brave CEO Pens Letter to Senate Committee Asking for GDPR-Like Privacy Regulation
Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States. дальше »
2018-10-4 20:51 | |
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Blockchain Is Great, But Identity Politics Could Ruin It All, Says Bill Clinton
With the Ripple Swell conference now underway, Bill Clinton, the conferences keynote speaker has spoken out about his view on blockchain technology and his optimism regarding the blockchain as a power for the future. дальше »
2018-10-2 13:00 | |
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Coca Cola Vending Machine Operating On Lightning Network For Bitcoin Payments
We all dream of the day we can buy a coke (or other cola flavoured soft drink) through the power of the lightning network. Wouldn’t it be great if we could swap a few satoshi’s for a nice cold glass of coke? Well, now, thanks to the creative mind of Ricardo Reis, a hardware hacker from Spain, you can do just that. дальше »
2018-10-2 08:00 | |
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Bitcoin Price Watch: Lee Still Predicting Large End-of-Year Swell
At press time, bitcoin’s price is unchanged from yesterday, and the father of crypto is still trading for just under $6,600. Head analyst at Fundstradt Tom Lee is back in the news again. Lee has often touted bitcoin’s power throughout 2018, claiming the currency could spike all the way to $20,000 by the year’s end. дальше »
2018-10-1 23:28 | |
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Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency
Several Chinese researchers from Fudan University, Tsinghua University and the University of California Riverside have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking, unveiling increasing complexity over time. дальше »
2018-9-25 23:59 | |
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How Cryptocurrency Mining Could Help to Minimize Energy Wastage
Concerns regarding the carbon footprint of the cryptocurrency mining industry continue to grow after it came to light that the power required to run the Bitcoin network exceeded that power consumption of entire countries. дальше »
2018-9-24 13:00 | |
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ICONLOOP Signs MOU with Korean Conglomerate to Develop Blockchain Business Models for Financial Industries
The financial service sector is becoming increasingly aware of the power and utility of blockchains. The large-scale institutions servicing millions of people across the globe need customized blockchain solutions that could address their unique needs and handle the large daily volume. дальше »
2018-9-21 22:49 | |
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“Someone’s Got to Be the Voice of Reason” — Kraken Responds to NY AG Report
The New York Attorney General’s office has pointed a finger at cryptocurrency exchange Kraken for “potential” violation of state regulations. Now, the San Francisco–based exchange is firing back, saying it does not appreciate what it sees as implications of illegality. дальше »
2018-9-21 18:10 | |
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ConsenSys Initiative Empowers Students to Use Blockchain for Social Good
ConsenSys Social Impact — a program designed to build blockchain-based solutions for global humanitarian issues — is partnering with MakerDAO and optiMize to launch a new Blockchain for Social Impact Incubator at the University of Michigan in Ann Arbor. дальше »
2018-9-20 01:55 | |
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Bitcoin Price Watch: Could the Currency Reach $19,000 Again?
At press time, the father of cryptocurrency is trading for over $6,400, meaning it’s virtually unchanged since our previous price article. The currency – once again – appears trapped in the low to mid-$6,000 range, and it’s unclear if the bulls have enough power to last the rest of the year. дальше »
2018-9-17 22:42 | |
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New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner
Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. дальше »
2018-9-15 01:22 | |
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