Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On

From Venezuela to India, crypto is being increasingly used in times of economic crisis. Just when it seemed like the economic and political situation in Venezuela couldn’t get much worse, it has. Back in December, the Venezuelan bolívar witnessed its peak annual inflation rate for 2018, with this rate coming in at a dizzying 80,000 […]

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Crypto Winter Survivor: Inside Nvidia’s Difficult Relationship With Mining

U.S. hardware manufacturer Nvidia reported full-year revenue gains in 2018. 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 […]

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Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash

Bitmain has announced its next generation 7nm ASIC chip, which reportedly enables faster and cheaper mining. Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18. The new mining hardware, BM1397, is designed for mining cryptocurrencies that […]

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Argentina Settles Export Deal With Paraguay Using Bitcoin

Argentina settles agricultural chemicals export deal worth $7,100 with Paraguay, accepts payment in Bitcoin. Argentina has settled an export deal with Paraguay in Bitcoin (BTC), Cointelegraph en Español reported on Thursday, Feb. 14. In a reported first for both countries, Paraguay has bought pesticides and fumigation products  worth $7,100 from Argentina, using cryptocurrency to settle […]

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Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

The company blamed the continued suppression of Bitcoin prices and associated profitability issues in the mining market. United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise, according to a strategy update published on Feb. 15. Argo, which is headquartered in London with facilities in […]

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Major Crypto Exchanges Launch OTC Desks Despite the Crypto Winter

The world’s biggest crypto exchanges are launching OTC desks for institutional investors. Institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated over-the-counter (OTC) desks in January. The desk launches come after Morgan Stanley published a bullish report in November, showing a strong pattern of institutional investment […]

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