Monthly Archives: May 2018

Japan’s GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month

The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Over 900 BTC Mined So Far Japanese conglomerate GMO Internet released its cryptocurrency mining business report for April this week. “We are currently mining bitcoin (BTC) and bitcoin cash (BCH),” GMO wrote. The […]

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Promoted: Gem’s Vision for Empowering Consumers to Cross the Crypto Chasm

The skyrocketing popularity of cryptocurrency over the past year has been heralded by many analysts and pundits as undeniable success of the growing decentralized movement. But the reality is that crossing the chasm from early adopters and speculators to mainstream usage has proved quite challenging for an industry that seeks to reinvent how people communicate, transact and share value.  Gem, a Los Angeles–based block-chain startup founded in 2013 in the early days of the decentralized movement, is launching a new cryptocurrency platform this summer that the company hopes […]

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Mining Will Propel Bitcoin Price To $36k In 2019, Says Latest Fundstrat Research

Fundstrat Global Advisors has come out with a new Bitcoin price prediction based on mining costs. New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed Thursday, May 10. Analysis of the relationship between Bitcoin mining costs and price by Fundstrat’s Quantamental Strategist Sam Doctor has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end. The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, […]

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Iran Sanctions: Citizens Use Crypto To Move $2.5 Bln Out Of Country

Iran’s currency crisis in the wake of the US exit from the nuclear accord deal has brought crypto to the fore, at both gov’t and individual scale. Iranians are increasingly turning to Bitcoin (BTC) and other cryptocurrencies in the wake of the US exit from a multilateral nuclear accord with the country this week. The news has plunged the country into economic turmoil, resulting in a surge of interest towards crypto, as Forbes reports Thursday, May 10. Mounting anticipation that the Obama-era accord would collapse has brought […]

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Promoted: Market.space Aims to Reinvent Data Hosting

Amazon AWS, Google Drive, Dropbox, Microsoft OneDrive and Apple iCloud have built a gigantic industry around centralized cloud data hosting. According to Gartner, the global public cloud services market is forecast to be worth more than $305 billion in 2018, more than $355 billion in 2019 and more than $411 billion in 2020. Though the industry is enormous and growing at warp speed, it is now being disrupted by a new decentralized storage and distribution paradigm that could liberate the world’s data from problematic silos. At the […]

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China Will Issue Blockchain ‘Standards’ In 2019, Says Gov’t Official

China’s government will construct and issue blockchain standards some time in 2019, sources have told the local press. China will seek to release nationwide blockchain standards by the end of 2019, a government official told local news media May 10. Speaking to Xinxua’s Economic Information Daily (EID), Li Ming, who is director of the Blockchain Research Office at the standards institute under the auspices of China’s IT Ministry, said a dedicated working group had already begun work on the project. The group, which brings together various government […]

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Xapo Estimated to be Housing 6.25% of Total BTC Supply

It has been estimated that approximately 6.25% of the total bitcoin supply has been deposited with Xapo – a Hong-Kong Based company providing bitcoin wallet, cold storage, and bitcoin-based debit card services. Xapo claims that BTC deposited with company are held in underground vaults located across five continents. Also Read: Ethereum Founder Responds to Charges of “Insane”, “Plutocratic” Governance Approximately 1,000,000 BTC Estimated to be Held by Xapo According to Bloomberg, two customers of Xapo have estimated that the company “houses roughly $10 billion” USD worth of bitcoin. […]

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Bank Of America CTO Calls Bitcoin ‘Troubling’, Reconfirms Credit Card Purchase Ban

Bank of America CTO Kathy Bessant has told mainstream media customers will continue to be banned from buying Bitcoin using its credit cards. Bank of America (BoA) doubled down on its decision to stop customers buying Bitcoin with its credit cards May 10. The bank’s official called cryptocurrency “troubling,” according to CNBC. Speaking to CNBC in an edition of the network’s Squawk Box segment, BoA’s CTO Kathy Bessant said that cryptocurrencies are “designed to be not transparent” and thus hinder banks’ attempts to catch “bad guys.” “As […]

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Australia: Gov’t Considering Blockchain For Trade Supply Chains

Blockchain could provide a raft of “improvements” to Australia’s trade supply chain management, the country’s interior ministry has said. The Australian government is considering a framework governing emerging technologies such as blockchain in order to transform trade, an official said May 10. According to news site ZDnet, the spokesperson from Australia’s Department of Home Affairs (DHA) said the technology could have a significant positive effect on the country’s trade supply chain. The unnamed spokesperson told a committee meeting: “Intelligence and risk assessment capabilities and revenue collection are […]

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Novogratz Launches Benchmark Index of 10 Cryptocurrencies

Well-known hedge fund manager Michael Novogratz has launched a cryptocurrency benchmark index in partnership with Bloomberg. The index, designed to track the performance of the largest, most liquid coins, consists of 10 cryptocurrencies at its inception. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Crypto Index Michael Novogratz. Galaxy Digital Capital Management and Bloomberg announced on Wednesday the launch of a cryptocurrency benchmark index called Bloomberg Galaxy Crypto Index (BGCI). Galaxy Digital Capital Management LP is an asset management firm dedicated to the digital currency and […]

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