Major mining hardware manufacturer TSMC has announced plans to build a $12 million facility in Arizona. The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona. The move comes after TSMC suffered significant disruptions across its supply chain amid the […]
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Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving. Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume. Having said that, the altcoin, whose roots can be found in the […]
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There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe? Many crypto holders are reporting their crypto transactions for the first time as a result of the United States Internal Revenue Service’s question about “virtual […]
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In a Twitter discussion with J.K. Rowling, Elon Musk revealed holding 0.25 BTC after claiming to be selling nearly every physical possession earlier this month. Elon Musk appears to have revealed his Bitcoin (BTC) holdings while participating in the crypto community’s efforts to educate J.K. Rowling, the author of Harry Potter, about Bitcoin. In response […]
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Public blockchains came under the attack of Salesforce exec, and EY and VeChain stepped up to explain how businesses are using them. The question of whether enterprises should use public or private blockchains for business has become extremely relevant today. A recent report from Fortune Business Insights predicted that the blockchain market will reach $21 […]
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In the post-halving reality, Bitcoin miners revenue has dropped by over 60 percent. With the block reward cut in half, miners are relying on Bitcoin (BTC) transaction fees to sustain themselves to a much greater extent. Miners lost 61% of their revenue May 10, miners earned 2188 BTC, May 12, this number fell to 852 […]
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An amended complaint accuses Nvidia of misrepresenting over $1B in sales to downplay the firm’s reliance on sales to crypto miners. An amended class action complaint filed against Nvidia Corp has accused the firm of violating the Securities Exchange Act by downplaying the extent to which its gaming revenues relied on GPU sales to cryptocurrency […]
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Mike Novogratz’s Galaxy Digital has been accepted into the Toronto Stock Exchange’s sandbox, with hopes of graduating onto its senior platform after 12 months. Crypto venture capital firm and trading desk, Galaxy Digital Holdings, has been granted conditional approval to participate in the Toronto Stock Exchange’s TSX Sandbox. Announced during April last year, TSX’s sandbox […]
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FTX debuts a product which delivers quarterly settlements based on Bitcoin’s hash rate, calculated using the average difficulty. Bitcoin (BTC) holders now have a new tool to leverage the largest cryptocurrency’s growing ecosystem as two new futures markets go live. In a blog post on May 15, derivatives platform FTX confirmed it had launched a […]
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Binance founder CZ sees the African continent as an untapped environment for exchanges to drive cryptocurrency adoption. Binance founder and CEO Changpeng Zhao, otherwise known as CZ, believes that the African continent holds some unique opportunities for cryptocurrency adoption and development. The Binance leader provided a number of interesting insights during an exclusive “ask me […]
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