ASIC miners are the best option for Bitcoin network security well into the future, new research has found. The wholesale embrace of Application-Specific Integrated Circuits (ASIC) mining for Bitcoin (BTC) could increase the cost of a 51% attack by a factor of up to 2,000. Rod Garratt University of California Santa Barbara presented the research […]
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Although Ether has seen its transaction volumes surge and active addresses skyrocket, its price has failed to spike in the past month. Media magnate Steve Forbes recently criticized cryptocurrencies for their volatility, saying that one day they can be a steak, and the next day they can turn into dog food. Price fluctuations have accompanied […]
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Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin. Recent investments into cryptocurrency mining equipment by smaller players could be a positive signal for the longevity and value of Bitcoin (BTC). In late June, United States-based blockchain firm Core Scientific ordered over 17,000 of the latest Bitcoin […]
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Preparations for a Coinbase Initial Public Offering are in full swing, sources report. Coinbase, Inc. is reportedly preparing for a U.S. stock market listing that could come this year, according to Reuters reporting. According to Reuters sources, preparations for a listing are underway but still need the green light from the Securities and Exchange Commission. […]
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On-chain and trading data signal that traders have abandoned Litecoin, but for some reason long-term investors are hoarding LTC. Price wise, Litecoin (LTC) has had a pretty rough year and currently the altcoin is down 51% over the past twelve months. The lack of GitHub activity and planned protocol upgrades have Litecoin co-founder Charlie Lee […]
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A researcher suggested that exchanges could “rollback” hacks by renting mining power from online marketplaces. Speaking at Unitize virtual event, Coin Metrics researcher Lucas Nuzzi suggested that one way for exchanges to fight back against the hackers is by renting mining power from online marketplaces. 6 confirmations ticking countdown Nuzzi conjectured that an exchange which […]
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Volvo’s venture arm invests in blockchain traceability startup Circular to track. On July 8, Volvo Cars Tech Fund announced their investment in blockchain traceability startup, Circulor. Volvo previously used Circulor’s traceability solution to track cobalt in its batteries. Much of cobalt mining happens in Africa under questionable conditions and involves child labor. In the era […]
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Venezuelan authorities confiscated 315 Bitcoin mining systems. The Bolivarian National Guard of Puerto Ordaz, Venezuela, seized 315 Bitcoin (BTC) mining machines manufactured by Bitmain. The owners of the mining rigs were told that they did not possess the necessary permits to own and operate the machines. They also were not authorized to be transporting the […]
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Blockchain firm Quarkchain announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Blockchain firm Quarkchain has announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Quarkchain and the Shanxi province will jointly develop an environmental governance platform on blockchain (EGPB). This platform will be used by the local administration […]
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A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd. In its first-ever, the Chinese steelmaker Nanjing Iron and Steel Company said it has completed an iron ore trade on the blockchain. The steel company obtained a $16.87 million shipment […]
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