VMWare CEO Pat Gelsinger says he believes Bitcoin is bad for humanity, citing its environmental impact and purported illicit use. Pat Gelsinger, the CEO of major cloud computing and virtual machine company VMWare, has condemned Bitcoin (BTC) as being “bad for humanity.” Fortune spoke to Gelsinger about Bitcoin prior to VMWare’s annual conference in San […]
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A source close to the mining chip manufacturer involved in the deal confirmed an order for 600,000 7nm units. Bitcoin (BTC) mining giant Bitmain will increase its capacity by 50% in the next six months on the back of a giant hardware order, a source close to the deal has said. Bitmain eyes 50% capacity […]
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Losses in Sichuan Province have failed to dent Bitcoin performance, in sharp contrast to 2018. Bitcoin (BTC) network hash rate remains near all-time highs despite fresh turmoil in China as floods wipe out mining operators. Bitcoin mining farm ‘devastated’ As various Twitter users reported on Aug. 20, the rainy season in China’s northwestern Sichuan province […]
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Crypto startup INX Limited has filed a prospectus with the SEC intending to conduct an IPO of 130 million native tokens to raise between $5 and $130 million. Gibraltar-registered blockchain and cryptocurrency-focused startup INX Limited intends to raise between $5 million and $130 million through an initial public offering (IPO) per a document filed with […]
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Malaysian power utility firm Tenaga Nasional Bhd is tightening measures in a bid to stem the millions lost to electricity theft by Bitcoin miners. Malaysian power utility firm Tenaga Nasional Bhd (TNB) is tightening measures in a bid to stem the millions lost to electricity theft by Bitcoin (BTC) miners. According to an Aug. 15 […]
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Blockstream announces two massive data centers for Bitcoin mining co-location, and the world’s first BetterHash pool. Blockchain technology company Blockstream has announced details of its Bitcoin mining services. In a blog post on Aug. 8, the company revealed two massive data centers for enterprise class co-location services, along with Blockstream Pool, using the BetterHash protocol. […]
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Malaysian electric utility Tenaga Nasional Bhd has raided 33 illegal Bitcoin mining operations that were allegedly stealing electricity. Authorities raided Bitcoin (BTC) mining operations in Malaysia after finding that they were stealing electricity resulting in a loss of 3.2 million Malaysian ringgit ($760,736) to the utility company. 33 facilities illegally mining Bitcoin Malaysian major electric […]
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7,850,000 bitcoins have now passed through the mining process, leaving just 3.15 million more. Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years. 3.15 million bitcoins, 120 years According to data from monitoring resource Blockchain, Thursday saw Bitcoin miners […]
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Rain has secured a license from the Central Bank of Bahrain, which it says will significantly help form banking ties. Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license. In a blog post from July 31, Rain confirmed it had received a Crypto-Asset Module (CRA) license from the […]
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An article on Chinese social media claims Canaan Creative has beaten the likes of Bitmain to filing an IPO in the US. Chinese Bitcoin mining giant Canaan Creative has allegedly filed a $200 million initial public offering (IPO) request with United States regulators. Report: Canaan ‘beats Bitmain’ to IPO filing That was according to a […]
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