Bitcoin mining has become a multibillion-dollar industry — but with 85% of Bitcoin extracted, is it still profitable? Back in the early days, when Bitcoin (BTC) was but a niche experiment for cypherpunks and basement-dwelling hobbyists, the process of its creation required little more than a budget CPU. Since that time, however, an entire industry […]
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A veteran Chinese regulator urges those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. A veteran Chinese regulator has told those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. Jiang Yang — former vice-chairman of the China […]
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The government of the Republic of Uzbekistan has ordered a 300% increase on electricity tariffs for cryptocurrency miners. The government of the Republic of Uzbekistan has ordered a 300% increase on electricity tariffs for cryptocurrency miners. According to a Sept. 27 announcement, the Cabinet of Ministers of the Republic of Uzbekistan has decreed that cryptocurrency […]
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Is the Fed’s use of QE a growth catalyst for Bitcoin? Max Keiser tells Cointelegraph: “Bitcoin was introduced to battle zombie banks and QE.” In 2018, the executive on the board for the European Central Bank (ECB) declared Bitcoin, “the evil spawn of the financial crisis” — referring, of course, to the economic disaster 10 […]
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Fears of recession. Political uncertainty. Hyperinflation. What are the chances and challenges for crypto and blockchain during the current economic turmoil? Everywhere you look these days, there’s turbulence in the economy. A bitter trade war is seeing the United States and China slap ever-increasing tariffs on goods on a tit-for-tat basis. Over in the United […]
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Blockchain energy startup Power Ledger to launch first trial of P2P tech in rural areas of Western Australia to trade surplus energy on the blockchain. Australian blockchain energy startup Power Ledger has launched its first trial of peer-to-peer (P2P) energy trading technology in rural areas. Energy monetization for outlying settlements According to a blog post […]
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Binance unveils its own project to rival Facebook’s Libra, Bitcoin’s dominance may not be what we all thought, and WhatsApp plots digital payments launch. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and […]
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Hong Kong and Argentina pay through the nose for Bitcoin, Binance could be back in the U.S. within months and Barclays cuts ties with Coinbase in the U.K. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, […]
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As the People’s Bank of China reveals new details of its future cryptocurrency, more users are getting concerned about its partial decentralization. The People’s Bank of China (PBoC) has completed the development of a prototype for issuing a national cryptocurrency, as Cointelegraph reported on Aug. 11. As it turned out, it will be powered by a […]
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Bitcoin price losses 7% in 24 hours sparking criticism from naysayers but sentiment has yet to turn bearish. Bitcoin (BTC) price was feeling the pressure Aug. 14 after a fresh downturn saw the largest cryptocurrency settle below $10,500. Market visualization. Source: Coin360 Trade war tensions relief lifts markets, sinks Bitcoin price Data from Coin360 painted […]
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