Category: cryptocurrencies

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Report: Intel Reveals ‘Bonanza Mine BMZ1’ Blockchain Accelerator Mining Chip

February 21, 2022

Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information…
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Russian Social Media Network Vkontakte to Introduce NFT Support

February 21, 2022

Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection. Vkontakte to Facilitate Use of Non-Fungible Tokens The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology…
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CA lawmaker introduces legislation to accept crypto as payment for govt services

February 21, 2022

Politicians seeking to represent California at the state or federal level have made proposals seemingly favorable to crypto adoption. California State Senator Sydney Kamlager, representing the 30th Senate District, which includes parts of downtown Los Angeles, has introduced a bill that would amend the state’s code to allow for the acceptance of cryptocurrencies for certain…
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Georgia punches well above its weight for Bitcoin mining: Report

February 21, 2022

The tiny population of Georgia is a dark horse for Bitcoin mining, contributing close to 1% of the industry’s total hash rate, according to a report by Arcane research. At first glance, the pint-sized Republic of Georgia is an unlikely suspect for Bitcoin (BTC) mining activity. An underdog for mining, the country boasts abundant hydropower…
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Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

February 21, 2022

Several Chinese crypto mining giants like BIT Mining have already scraped some of their expansion plans in Kazakhstan. Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts. According to Cambridge Bitcoin Electricity Consumption…
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Future of finance: US banks partner with crypto custodians

February 21, 2022

Traditional financial institutions must work hand-in-hand with crypto custodians, sub-custodians and service providers moving forward. Grayscale Investments’ latest report “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, experiences, and transactions.”  With this in mind, it shouldn’t come as a surprise that…
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Bulgarian Stock Exchange Launches 8 Crypto ETNs

February 20, 2022

Bulgarians can now invest in crypto assets through their country’s stock market. The Bulgarian Stock Exchange has recently launched eight ETNs based on two digital currencies, bitcoin and ethereum, following the example set by leading European platforms that support such products. Crypto-Based ETNs Offered to Bulgarian Investors Bulgarian Stock Exchange (BSE) has started trading crypto…
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OpenSea planned upgrade stalls as phishing attack targets NFT migration

February 20, 2022

OpenSea announced a new smart contract upgrade with a one-week deadline yesterday. However, the urgency and short deadline opened up a small window of opportunity for hackers. Just yesterday, OpenSea announced a smart contract upgrade, which requires users to migrate their listed NFTs from Ethereum (ETH) blockchain to a new smart contract. As a direct…
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U.S. inflation breaks 40-year record: Can Bitcoin serve as a hedge asset?

February 20, 2022

Many have likened BTC’s anti-inflation properties to those of gold, but there are important differences between the two assets. On Feb. 9, the United States Bureau of Labor Statistics reported that the Consumer Price Index, a key measure capturing the change in how much Americans pay for goods and services, has increased by 7.5% compared…
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Mining worldwide: Where should crypto miners go in a changing landscape?

February 20, 2022

Which nations are the new harbors of miners, and where can Ether and Bitcoin be successfully — and profitably — mined in 2022? One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September.  While mining as a…
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