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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]