Patent Office Publishes Intel’s Application For A “Bitcoin Mining Hardware Accelerator”

Posted on March 30, 2018

The U.S. Patent & Trademark Office published Intel’s patent application for a new method of mining bitcoin that could dramatically reduce energy use. The patent was originally filed in late 2016 by three Intel employees, but was only cleared for publication yesterday. The application is highly technical in nature, but essentially describes a process that […]

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South Korean Millennials “Eager” To Own Cryptocurrencies

Posted on March 28, 2018

According to a new survey released yesterday by the Bank of Korea (BOK), Koreans in their 20s and 30s are increasingly interested in owning bitcoin and other cryptocurrencies. The BOK survey collected answers from 2,511 respondents, with some 21.6 percent claiming to be familiar with the concept of digital currency. The poll showed that 29.4 […]

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Bitmain Blamed For Falling AMD And Nvidia Stock Price Projections

Posted on March 26, 2018

At least one major tech-sector analyst is predicting a serious decline in sales for graphics card manufacturers in the second half of 2018, and they’re pointing the blame squarely at Bitmain. In a report to clients released today, Susquehanna analyst Christopher Rolland explained that recent demand for both AMD and Nvidia GPUs has been largely […]

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Fearing Regulatory Crackdown, Binance Moves To Malta

Posted on March 23, 2018

Earlier today, Hong Kong-based cryptocurrency exchange Binance announced that it will be opening a new office in the Mediterranean island nation of Malta. The company will also be shuttering its office in Japan after receiving a warning letter from Japan’s Financial Services Agency for operating an exchange in the country without proper registration. Binance CEO […]

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Cryptocurrency Mining Firm To Invest $77 Million In Canadian Facility

Posted on March 21, 2018

Location is everything when it comes to cryptocurrency mining. If a city or town has naturally cool weather and ready access to inexpensive electricity, it’s only a matter of time before bitcoin miners start setting up shop there. In the case of the Canadian city of Medicine Hat, Alberta, the area’s innate appeal to cryptocurrency […]

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Bank of England Governor To G20: No Need For Cryptocurrency Regulation

Posted on March 19, 2018

In his official report to the G20 summit of Finance Ministers and Central Bank Governors, Financial Stability Board (FSB) Chair Mark Carney told regulators that there was no need for global regulation of “crypto-assets.” Carney, who also serves as the Governor of the Bank of England, said that the rapid growth of crypto-assets prompted the […]

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Plattsburgh, NY, Imposes 18-Month Moratorium On Bitcoin Mining

Posted on March 16, 2018

Yesterday, the Plattsburgh, New York, city council adopted a measure that would prevent new cryptocurrency miners from taking advantage of the city’s low electricity rates for industrial businesses. As reported by Motherboard, the council unanimously approved the 18-month moratorium, following complaints about rapidly rising electricty prices from the city’s residents. Existing bitcoin mining operations in […]

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Coinbase Obtains E-Money License In U.K.

Posted on March 14, 2018

In a blog post published earlier today, San Francisco-based cryptocurrency exchange and brokerage firm Coinbase announced that it has been granted an e-money license by the U.K.’s Financial Conduct Authority (FCA). The license will allow Coinbase to provide payment services (as well as some bank-like services, such as fiat account balances) in both Britain and […]

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Cloud-Based Cryptocurrency Mining Firm Ordered To Cease Operations In South Carolina

Posted on March 12, 2018

Late last week, the Securities Commission division of the South Carolina Attorney General’s Office filed a cease-and-desist order against cloud-based cryptocurrency mining firm Genesis Mining and brokerage firm Swiss Gold Global Inc. As reported by CoinDesk, the Securities Commission claims that Genesis Mining illegally sold securities — cryptocurrency mining contracts — to South Carolina residents […]

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Is Bitmain Opening A U.S. Facility?

Posted on March 9, 2018

Bitcoin hardware manufacturer Bitmain may be in the process of opening a new facility in the U.S., according to a new report published on CoinDesk. The privately held Chinese firm appears to be tied to newly established company called Ant Creek, LLC, which is currently negotiating a land-use deal with officials in Walla Walla, Washington. […]

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3 Reasons Behind Today’s Cryptocurrency Prices Crash

Posted on March 7, 2018

Earlier today, prices for nearly every cryptocurrency began to rapidly drop. Major cryptos like BTC, ETH, and LTC have fallen by nearly 9%, while lesser-known tokens like IOTA, NEM, and TRON have seen losses in the 15% range. While this kind of volatility is nothing new in cryptocurrency circles — three drops of similar scale […]

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Iceland’s “Big Bitcoin Heist”: $2 Million In Mining Equipment Still Missing

Posted on March 5, 2018

Last week, police in Iceland arrested 11 people in connection with the theft of some 600 bitcoin mining units over four separate incidents in December and January. With an estimated value of around $2 million, the thefts have been dubbed the “Big Bitcoin Heist” by local media. The mining hardware has yet to be recovered.

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AMD Cites GPU Mining As Major Revenue Driver In 2017

Posted on March 2, 2018

In the company’s most recent 10-K filing to U.S. Securities and Exchange Commission (SEC), chipmaker AMD officially recognized the impact of cryptocurrency mining on their company’s bottom line. GPU-based mining has been a cornerstone of cryptocurrency economy from its earliest days, but chip manufacturers and designers have typically been reluctant to recognize mining as a […]

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