Authorities in Iran have confiscated about 1,000 units of bitcoin mining machines from two now-defunct factories. Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28 As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked […]
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Steve Forbes claimed that gold backing is the basic condition for Libra to become “one of history’s truly seminal creations.” Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, published on June 25 an open letter to Mark Zuckerberg, advising to back Facebook’s cryptocurrency Libra with gold. In the letter, Forbes strongly encouraged Facebook’s crypto initiative, […]
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Goldman Sachs chief executive David Solomon says he believes global payment systems are heading in the direction of stablecoins. Goldman Sachs is performing “extensive research” on tokenization, the group’s chief executive told France’s Les Echos newspaper on June 27. David Solomon said he believes global payment systems are heading in the direction of stablecoins — […]
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A Bitmain IPO might be making a come back, as a crypto bull run heats up and as the company may potentially file with the SEC. Toward the end of June 2019, news emerged that the mining giant Bitmain might be reviving its initial public offering (IPO) plans. As Bloomberg reports, the China-based cryptocurrency mining […]
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sponsored A new aggregated exchange is enabling users to access an array of established crypto services in one place, all while offering trading discounts. A crypto company is launching an aggregated exchange that enables users to trade across multiple platforms while using a single account. TokenClub says its unified system is designed to tackle four […]
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The trading guru says this year’s moonshot for bitcoin will not spark a knock-on effect for altcoin markets. Bitcoin (BTC) will continue to grow but altcoins will not feel the benefits, veteran trader and author Peter Brandt predicted in a new market forecast on June 27. Writing on social media, Brandt, who has become a […]
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Binance has engaged in discussions with Facebook over libra and would be interested in becoming a validator node, the exchange’s executive has said. Binance has engaged in official discussions with Facebook and is “very excited” about the libra project, the exchange’s strategy officer Gin Chao told BlockTV in an interview on June 27. While Chao cautioned the talks […]
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Edward Snowden also brushed off claims that bitcoin is mainly used by criminals, arguing: “There are a hell of a lot more criminals that use the dollar.” The servers Edward Snowden used to leak thousands of documents to journalists were paid for using bitcoin (BTC), the National Security Agency whistleblower revealed at the Bitcoin 2019 Conference on […]
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Miners are dedicating more and more resources to participating in validating bitcoin transactions. Bitcoin’s (BTC) mining difficulty has reached an all-time high, demonstrating the increasing competition for block rewards between miners, data from Blockchain.com revealed on June 27. Mining difficulty, which adjusts to the network hash rate every 2016 blocks, hit 7.86 trillion, a new […]
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Ireland-based cryptocurrency exchange Bitsane has apparently vanished, taking as many as 246,000 users’ crypto deposits with it. Ireland-based cryptocurrency exchange Bitsane has apparently vanished, taking as many as 246,000 users’ crypto deposits with it. The news was reported by Forbes on June 27. Launched in 2016, Dublin-registered Bitsane LP was formerly listed as one of […]
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