The electronics giant will enable the option of mining Monero through a mobile application in its blockchain phone. Mobile phone manufacturer giant HTC will allow users to mine Monero (XMR) cryptocurrency through its blockchain phone, Exodus, according to an announcement made on April 10. The announcement said that thanks to the partnership with the ASIC chip […]
Continue ReadingThe first Bitcoin SV halving sees hash rates drop by more than 50% with BSV price failing to get a boost. Bitcoin SV (BSV) has seen its first halving since its creation in late 2018, hours after Bitcoin Cash (BCH) also completed its 50% block reward reduction event. The cryptocurrency first came about as a […]
Continue ReadingExperts say the correlation between Bitcoin’s value and its network hash rate is primarily long term, and price surges are not always apparent. Following an enormous drop in Bitcoin’s (BTC) network hash rate back on March 26, the premier currency’s hash rate increased between April 4 and April 6 by at least a whopping 33%, […]
Continue ReadingCould past mistakes may be catching up with Binance? Binance is one of several large cryptocurrency firms named in a series of recent class action lawsuits. If the lawsuits go south for this global company, it could end up costing them billions of dollars. Class action is looking for new members Roche Cyrulnik Freedman has […]
Continue ReadingA Bitcoin miner in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer, using a physically-settled “BTC hashpower contract.” A Bitcoin-mining power plant in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer using a “hashpower contract” settled in Bitcoin (BTC). The contract […]
Continue ReadingThe Bitcoin Cash halving triggered an 80% drop in hash rate over less than two days — leaving it vulnerable to a 51% attack. The recent Bitcoin Cash (BCH) block reward halving has wreaked havoc on the cryptocurrency’s hash rate — with an apparent miner exodus plummeting hash power more than 80% over two days. […]
Continue ReadingCrypto industry has the best historical moment to change its reputation into a successful innovative tech sector within the finance industry. The Fed opening the floodgates to unlimited standing quantitative easing paired with a $6 trillion stimulus package is an unprecedented event. It’s the most heavy-handed intervention by the Fed to date. For many crypto […]
Continue ReadingThe Texas securities regulator has taken emergency action against a cloud mining firm touting unverified charitable donations. The Texas State Securities Board (TSSB) has taken emergency action against cloud mining firm Ultra BTC Mining for issuing unregistered securities. The emergency cease-and-desist order was jointly filed against Ultra Mining by the TSSB and the Alabama Securities […]
Continue ReadingCanadian fund manager 3iQ has launched what Tyler Winklevoss calls ‘the first public Bitcoin fund listed on a major stock exchange.’ Canadian asset manager 3iQ has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly […]
Continue ReadingCanaan’s 2019 total net revenue plummeted to nearly $200 million figure. Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The latest unaudited Q4 and 2019 financial results from the China-based company said that its […]
Continue Reading