Technology company Intel has filed a new patent aimed at reducing energy costs for Bitcoin mining by up to 15 percent. U.S. technology giant Intel has filed a new patent for “energy-efficient high-performance Bitcoin mining,” according to a U.S. Patent and Trademark Office (USPTO) filing published Nov. 27. The Intel patent is dedicated to a […]
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Russia’s economic minister has compared BTC with a “soap bubble,” while seeing its influence on increasing tech investments as positive. The Minister of Economic Development of Russia referred to Bitcoin (BTC) as a “soap bubble” that has has led to investors’ losses, Russian informational agency RBK reported Nov. 28. Minister Maksim Oreshkin, speaking in an […]
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Canadian mobile payments startup adds Bitcoin as payment method. Canada-based mobile payments company Glance Technologies Inc. has added support for Bitcoin (BTC) as a payment method, according a press release published Nov. 29. The firm’s release states that the new feature, dubbed “Pay With Bitcoin,” enables users “to pair their cryptocurrency wallet with their Glance […]
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Ohio Treasurer implements tax payments with crypto to drive tech development in the state. In what is being hailed as a first in America, Ohio’s State Treasurer Josh Mandel has made it possible for businesses to pay taxes using Bitcoin. In the coming weeks, business owners in the state will be able to register and […]
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The U.S. SEC has announced settled charges against Floyd Mayweather Jr. and DJ Khaled for unlawfully advertising an ICO. The U.S. Securities and Exchange Commission (SEC) has charged professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled for unlawfully advertising Initial Coin Offerings (ICOs), according to a press release published Nov. 29. Per the […]
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U.S.-based crypto exchange Coinbase has added support for Zcash on its Coinbase Pro platform. Major U.S. cryptocurrency exchange Coinbase has launched support for Zcash (ZEC) on its Coinbase Pro platform, according to a company blog post published Nov. 29. Zcash is a cryptocurrency based on a decentralized blockchain, designed with the goal of making transactions […]
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Cryptocurrency markets could not maintain their bullish trend from yesterday, with most major coins seeing red today. Thursday, Nov. 29: cryptocurrency markets have come back down after a slight jump yesterday Nov. 28, with just a few of the top twenty coins seeing mild gains. Market visualization by Coin360 Bitcoin (BTC) is down 2.5 percent […]
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Texas: the CEO of a “decentralized bank” crypto firm accused of defrauding investors out of over $4 million was arrested by the FBI. The CEO of cryptocurrency firm AriseBank was arrested by the FBI Nov. 28 on charges of defrauding hundreds of investors out of over $4 million. The news was reported in a release […]
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Galaxy Digital faced further losses in Q3, bringing its total losses in 2018 up to $136 million. Mike Novogratz‘s crypto investment bank Galaxy Digital has lost $136 million in the first three quarters of 2018, Bloomberg reports Nov. 28. According to Bloomberg, Galaxy Digital’s realized and unrealized losses in Q3 amounted to $41 million, which […]
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Decentralized social networking platform Steemit has laid off over 70 percent of its staff following the recent market crash. Social networking platform Steemit is laying off more than 70 percent of its staff due to the cryptocurrency market crash, and is beginning a structural reorganization, according to a Nov. 28 video post by Steemit CEO […]
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