Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions

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Retrieved from: https://www.zerohedge.com/news/2019-01-14/russia-prepares-buy-10-billion-bitcoin-evade-us-sanctions   While the market has been increasingly focused on the rising headwinds in the global economy in general, and China’s economic slowdown in particular, while the media is obsessing over daily revelations that Trump may or may not have colluded with Russia to get elected, a far more critical, if underreported, shift has […]

GMO Unveils Japan’s First-Ever Bitcoin Mining Rig By. Josiah Wilmoth

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Retrieved from: https://www.ccn.com/gmo-unveils-japans-first-ever-bitcoin-mining-rig/ Tokyo-based tech services company GMO Internet has this week unveiled the first bitcoin mining rig wholly-developed by a Japanese company. In addition to being the first bitcoin mining device developed in Japan, the B2 is also the first miner to use 7nm semiconductor chips, enabling it to achieve performance and efficiency gains over […]

GMO to Release World’s First 7nm Bitcoin Mining Card By. Peter Ivancic

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Retrieved from: https://cryptoslate.com/gmo-to-release-worlds-first-7nm-bitcoin-mining-card/ Japan’s GMO Internet Group officially announced the June 7th release of its new Bitcoin mining card— “GMO Miner B2”, marking a new era of powerful, energy-efficient processing units as the world’s first 7nm consumer mining card. This announcement highlights the ASIC arms race for producing more powerful and energy efficient mining rigs against companies like Samsung, Intel, and Globalfoundries. The […]

Bitcoin Mining Giant Bitmain Is Making a Major Pivot to AI By. Josiah Wilmoth

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Retrieved from: https://www.ccn.com/bitcoin-mining-firm-bitmain-is-making-a-major-pivot-to-ai/ Bitmain is the world’s undisputed leader in cryptocurrency mining hardware manufacturing. Now, it wants to fill a similar role in the artificial intelligence (AI) field as well. Speaking in a rare interview, enigmatic Bitmain CEO Jihan Wu told Bloomberg that the company is channeling its expertise in developing application-specific integrated circuit (ASIC) chips toward a […]

P2P Trade Spikes in Canada Amid Bank Restrictions on Crypto Transactions by. Lubomir Tassev

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  The volume of P2P bitcoin trade in Canadian dollars has increased significantly since leading banks in the country imposed bans on crypto-related transactions. Toronto-Dominion Bank, the Royal Bank of Canada, and more recently the Bank of Montreal have limited or prohibited the use of their services and products to acquire cryptocurrencies. As a result, […]

Bitcoin Price Regains $9,000 and Loom Spikes 45% as ERC20 Tokens Help $426 Billion Market by. Joseph Young

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Retrieved from: https://www.ccn.com/bitcoin-remains-at-9100-and-loom-surges-45-sending-crypto-market-to-426-billion/ Bitcoin has remained in the $9,100 region throughout May 2 and has not recorded any major movement on the upside and downside. A strong performance by ERC20 tokens based on the Ethereum network such as EOS, Loom, Stratis, and WanChain led cryptocurrency market valuation to increase by $13 billion. Tokens Continue to Perform […]

‘Hacked’ Crypto Exchange BitGrail Shuts Down 3 Hours After Re-launch by. Josiah Wilmoth

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Retrieved from: https://www.ccn.com/hacked-crypto-exchange-bitgrail-shuts-down-3-hours-after-reboot/ Italian cryptocurrency exchange BitGrail has once again suspended operations after briefly re-opening most of its trading markets on Tuesday. The exchange, which has been immersed in controversy since 17 million Nano tokens (XRB) — now worth approximately $140 million — went missing in February, re-opened trading for all coins except XRB at 10:00 UTC. By […]

Pipe Dream: Analysts Mull Natural Gas-Powered Bitcoin Mining Operation by. Josiah Wilmoth

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Retrieved from: https://www.ccn.com/pipe-dream-analysts-mull-natural-gas-powered-bitcoin-mining-operation/ A group of Wall Street analysts has a unique idea to allow shale producers in Texa’s oil-rich Permian Basin to profit from the massive amount of natural gas that is currently being wasted as a result of shale extraction: harness it to power a Bitcoin mining operation. Writing in a recent note to […]

Bitcoin Price Could Hit $25,000 This Year, Soar to the Moon After: Analyst by. Gerelyn Terzo

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Retrieved from: https://www.ccn.com/bitcoin-at-25000-price-is-headed-to-the-moon-analyst/ The bitcoin price is headed for the stratosphere. The bitcoin forecasts have been pouring in from seasoned investors and strategists like Tim Draper and Thomas Lee, each with a bullish price attached. Now Brian Kelly, founder and CEO of digital assets investment fund BKCM LLC, is joining the chorus, suggesting that bitcoin […]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims by. Josiah Wilmoth

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Retrieved from https://www.ccn.com/samsung-is-developing-asic-chips-for-halong-mining-distributor-claims/ Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor. On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a […]