Chinese officials from the Yaan municipality released a statement on the use of the local hydropower-derived electricity for cryptocurrency mining operations. Chinese officials from the city of Ya’an in Sichuan have come out in support of using locally produced hydropower for cryptocurrency mining operations. On April 20 the Municipal Economic and Information Bureau and the […]
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Losses in traditional finance during the COVID-19 pandemic could underline the benefits of cryptocurrencies to the world. In 2007, Nassim Nicholas Taleb, a former Wall Street trader turned professor, described the idea of a “black swan” event. Black swans are defined as being rare, of major consequence and impossible to predict, though he tempered their […]
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Cryptocurrency mining operations could move to alternative energy solutions to maintain and boost profitability in the next five years. Over the last decade, cryptocurrency mining has been given a bad rap for the sheer amount of electricity required to power the industry. Back in 2017, it was pointed out that the collective power consumption of […]
Continue ReadingMatrixport’s platform now allows users to buy crypto currencies directly through Visa and Mastercard. Bitmain-affiliated financial service platform Matrixport has teamed up with Simplex, an EU-licensed payments processing firm, to allow users to purchase select cryptocurrencies using their credit and debit cards. Matrixport users can buy seven cryptocurrencies with most popular fiat currencies As part […]
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Decentralized file- and web-hosting protocol InterPlanetary File System announced its largest upgrade so far. Decentralized file- and web-hosting protocol InterPlanetary File System (IPFS) announced its largest upgrade so far. According to an announcement shared with Cointelegraph, the developers will release IPFS version 0.5. on April 28. IPFS 0.5 reportedly makes uploading new data 25 times […]
Continue ReadingIntroducing his latest revamp of the popular price model, analyst PlanB adds gold and silver and almost trebles his previous forecast. The latest version of a popular and thus far accurate Bitcoin (BTC) price model predicts an average price of $288,000 — and it could happen this year. In a blog post introducing the third […]
Continue ReadingA major Bitcoin whale has implied that the upcoming halving is already priced in and BTC price can crash after the reward reduction. The third Bitcoin (BTC) block reward halving is set to occur in 14 days and this event is usually preceded by a powerful rally that many have long forecast would bring the […]
Continue ReadingThe founder of Quantum Economics sees Bitcoin and the S&P 500 more closely correlated than ever as a result of the coronavirus pandemic. Crypto analyst Mati Greenspan won the title of “father of the year” from the two hosts of Virtual Blockchain Week as he tended to his child while delivering a presentation to the […]
Continue ReadingIf Bitcoin does not hit $250,000 by early 2023, Tim Draper jokingly says he’ll eat a raw egg. Speaking at Virtual Blockchain Week, famed venture capitalist Tim Draper confirmed that he is sticking to his six-figure Bitcoin (BTC) price prediction. Back in 2018, Tim Draper made a bold public call that the price of Bitcoin […]
Continue ReadingCo-inventor of blockchain discusses the meaning behind the name “Satoshi Nakamoto” and why it isn’t him. Blockchain co-inventor, Scott Stornetta talks about the origins of the name “Satoshi Nakamoto” and why he isn’t him. The original Bitcoin (BTC) whitepaper references eight works. One of them is a general book on probability, the rest are foundational […]
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