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Posts Tagged ‘News’

Inside Nvidia’s Difficult Relationship With Mining

On Feb. 14, California-headquartered gaming and computer hardware manufacturer Nvidia reported full-year revenue gains in 2018, despite being one of the companies worst hit by the cryptocurrency market dip and subsequent lack of demand for mining components. The firm’s main products include graphics processing units (GPU), among others, which became widely purchased by miners during…

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Bitcoin Price Yet To Bottom Out, Says Crypto Hedge Fund Manager

Alex Sunnarborg of Tetras Capital says that Bitcoin has bottomed out yet. The hedge fund manager also believes that the cryptocurrency industry needs a comprehensive cleanup to remove ‘bad actors’ and enhance mainstream investor confidence in the fledgling market. Bitcoin Price Yet to Bottom Out Since falling from an all-time high of $19,700 in mid-December…

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South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms

The government of South Korea’s capital city has committed to invest 1.2 trillion won ($1.07 billion) by 2022 via an investment fund for startups, including those working with fintech and blockchain. The Seoul Metropolitan Government announced the news Monday, stating that via the Seoul Innovation Growth Fund, which launched last year, it will invest across…

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Major Omani Bank Joins RippleNet Cross-Border Payment Network

Oman’s second largest bank by market value, BankDhofar, has begun using RippleNet technology for cross-border payments to India. The news was tweeted by the managing director of South Asia and MENA at Ripple, Navin Gupta, on Feb. 16. RippleNet is a global blockchain-based payment network of institutional payment providers, that was developed by technology company…

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Privacy Crypto Beam Gets Funding from ‘Japanese LinkedIn’ Recruit

Privacy-oriented cryptocurrency startup Beam has secured an undisclosed amount of funding from “Japan’s equivalent to LinkedIn” Recruit Co., Ltd. Recruit announced the news Monday, stating that the investment is through its $25 million-sized RSP Blockchain Tech Fund, which was set up last November. Beam also confirmed the investment in a Tweet Monday, stating that Recruit…

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Tim Draper Predicts Crypto Will Rule, Only Criminals Will Use Cash in Five Years

Billionaire investor and known Bitcoin (BTC) bull Tim Draper argued that in five years, only criminals will use fiat as crypto becomes universally widespread. Draper made his claims in an interview with American financial news tv channel Fox Business released on Feb. 18. Reiterating his previous statements predicting that fiat money will become laughable and…

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Bitmain Unveils New 7nm ASIC Chip After Dismal 2018

Bitmain Technologies has announced a new iteration of its 7-nanometer Bitcoin mining chip. The cryptocurrency mining hardware behemoth says the new and improved 7-nm chip offers greater energy efficiency for mining operations. More Energy Efficient Bitcoin Mining The company announced the news in a blog post published on Monday (February 18, 2019), on its official…

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Indonesia Passes Rules for Trading of Cryptocurrency Futures

An Indonesian financial watchdog has set out new regulations for the trading of crypto assets on futures exchanges in the country. The Commodity Futures Trading Regulatory Agency (Bappebti), an agency under Indonesia’s Ministry of Trade, announced the new rules Monday, stating that cryptocurrency futures exchanges must be registered and approved before operating. The agency has…

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Waste Management Firm Launches Blockchain Platform in UAE City

A blockchain-enabled waste permit portal will be launched in Sharjah, the United Arab Emirates (UAE), the country’s official news agency, Emirates News Agency (WAM), reported on Feb. 17. The blockchain-based waste permit portal will be jointly developed by environmental, recycling and waste management company Bee’ah and the Hamriyah Free Zone Authority (HFZA) — the city…

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Bitcoin Hovers Near $3,630 as Top Cryptos See Minor Losses

Sunday, Feb. 17 — most of the top 20 cryptocurrencies are reporting minor losses on the day by press time. Bitcoin (BTC) has fallen under the $3,650 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down 0.18 percent on the day, trading at around $3,631, after a brief…

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