Bitmain releases a public statement saying that co-founder Zhan’s claims of owning a 36% stake in Fujian Zhanhua are baseless. The world’s largest cryptocurrency mining rig producer Bitmain released a statement on April 27 condemning deposed co-founder Micree Ketuan Zhan’s attempts to regain control over Fujian Zhanhua Intelligence Technology Co. Ltd. In an email on […]
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Zoom incorporates a cryptocurrency paywall solution while the use of blockchain technology for video conference is being debated. As staying home becomes the new normal, the popular video conferencing app Zoom continues to flourish. Despite multiple privacy concerns, on April 21, it was reported that more than 300 million people used Zoom’s flagship video conferencing […]
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As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life. The United Arab Emirates is approaching its 2021 deadline for migrating at least 50% of all government transactions onto distributed ledger technology-based platforms. Cointelegraph spoke to Leon Smith, the CEO of Dex — an Abu Dhabi-based crypto firm […]
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The bullish momentum behind Bitcoin, in particular, continues as the Crypto Fear & Greed Index finally flashes greener. Bitcoin (BTC) bulls have a reason to celebrate as a classic indicator is emerging from the longest hyper-bearish phase in its history. According to data last updated on April 27, the Crypto Fear & Greed Index has […]
Continue ReadingTop crypto exchange Binance has launched its mining pool, however, the crypto community is concerned about the centralization of hashing power. Leading cryptocurrency exchange Binance launched its mining pool “Binance Pool” on April 27. The pool will operate with zero fees until May 31, after which the rate will be set at 2.5%. The press […]
Continue ReadingFrom stocks and oil to money printing and Bitcoin’s top fundamentals, traders have a lot to consider as the third halving event nears. Bitcoin (BTC) has consolidated gains nearer $8,000 — but does the coming week have in store for the asset leaving stocks in the dust? After jumping 10% in a day last week, […]
Continue ReadingCrypto analyst Mati Greenspan noted the annual inflation rate of Bitcoin would fall from 3.65% to 1.8% once the halving happens in May. Once the Bitcoin rewards halving goes through on May 12, the annual inflation rate of the cryptocurrency will be about half of the global average. As crypto analyst Mati Greenspan noted on […]
Continue ReadingThe Blockstream CSO announced that Bitcoin miners are reporting technical issues with the Bitmain rigs resulting in 20-30% failure rates. Cryptocurrency miners relying on the Bitmain S17 and T17 Antminer have said that the rigs have failure rates between 20-30% where they would normally be roughly 5%. According to an April 26 tweet from Samson […]
Continue ReadingWith new laws on digital assets taking effect soon in Japan, a bitFlyer subsidiary started offering consulting on blockchain technology. One of the largest cryptocurrency exchanges in Japan and one of the biggest Bitcoin brokers worldwide just announced their blockchain arm would be starting consulting services to address requests from new businesses on blockchain technology. […]
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Millions of people got economic stimulus checks direct-deposited into their bank accounts. These were sent out to lessen the impact of the COVID-19 lockdown that drove unemployment rates up to 16%. However, not all of this money went towards buying toilet paper and other necessities for the apocalypse. Some of it found its way into […]
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