China’s police confiscated 4,000 crypto mining units that were illegally deployed at nine factories. Police in China arrested 22 suspects allegedly involved in illegal crypto mining activity that led to energy loss worth of about $3 million, local media outlet XinhuaNet reports on July 12. Police in Jiangsu, China’s eastern-central coastal province, have reportedly seized […]
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Bitcoin Core contributor, Michael Ford, has been awarded a $60,000 grant by the parent firm of top crypto derivatives platform BitMEX. Bitcoin Core contributor Michael Ford, aka “fanquake,” has been awarded a $60,000 grant by the parent firm of top crypto derivatives platform BitMEX. In an official announcement published on July 12, BitMEX owner and […]
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Fed Chairman Powell has said that a globally prevalent cryptocurrency could conceivably remove the need for reserve currencies. The Chairman of the United States Federal Reserve has said that a globally adopted cryptocurrency system could conceivably remove the need for reserve currencies. Testifying before the Senate Banking Committee on July 11, Fed Chairman Jerome Powell […]
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Mining difficulty on the Bitcoin network has taken its steepest upturn in almost a year, surging by over 14% to hit 9.06 trillion. Mining difficulty on the Bitcoin (BTC) network has taken its steepest upturn in almost a year, data from major Chinese mining pool BTC.com reveals. On July 9, difficulty surged by over 14% […]
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The United States president unwittingly triggered a slight recovery for the crypto market with his first ever comments about Bitcoin. Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12. In the hours after the United States’ president […]
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Trump’s first-ever public comments on Bitcoin achieved precisely zero fallout on markets as BTC price climbed above $11,500. Bitcoin (BTC) was starting to reverse upwards July 12 as a critical tweet from United States president, Donald Trump, became a hot talking point across cryptocurrency. Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD 0.9% […]
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Japanese crypto exchange Bitpoint has suspended all services after losing $32 million in a hack involving XRP, Bitcoin and other cryptocurrencies. Japanese crypto exchange Bitpoint has suspended all services after losing $32 million in a hack involving XRP, Bitcoin (BTC) and other cryptocurrencies. In an official announcement on July 12, Bitpoint revealed that it had […]
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Mark Carney discussed the problems Libra must address prior to launch, while noting the problems it aims to solve, commenting that they do indeed need a solution. Bank of England governor Mark Carney said that people need to acknowledge the issues Facebook is attempting to solve with Libra, regardless of the project’s potential downsides. Carney […]
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The Miami Dolphins have partnered with Litecoin to support the altcoin as the team’s official cryptocurrency. American professional football team the Miami Dolphins announced that Litecoin (LTC) is now the team’s official cryptocurrency, according to a press release on July 11. The Miami Dolphins and Litecoin have also partnered with Aliant Payments, a crypto merchant […]
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In a series of tweets, President Trump expresses opposition to cryptocurrencies, especially Bitcoin and Libra, while voicing support for USD. Disclaimer: This story is breaking and will be subject to updates. United States President Donald Trump voiced his opposition to cryptocurrencies as a whole, citing Bitcoin and Libra specifically, in a series of tweets published […]
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