Monthly Archives: May 2018

Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs

In today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain technologies, which should be introduced next year. Also, the Zcash Foundation is taking steps to protect the network of the privacy coin from ASIC-based mining. Chinese giant Bitmain has recently launched its Antminer Z9 Mini designed to process transactions for cryptos like Zcash, which use the Equihash algorithm. Also read: Bitcoin in Brief Thursday: Bitcoin Supporter […]

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Financial Institutions In A Race: Who Will Bring Crypto Trading To The Fiat Masses First?

Banks started by scoffing at crypto but now they are racing to be first to market with a crypto trading desk. September 12, 2017 will go down in infamy when talking about the relationships between traditional fiat financial institutions and their views on cryptocurrency. It was the day that JP Morgan CEO, Jamie Dimon, called Bitcoin a ‘fraud’. A lot has happened in the financial and crypto space in the eight months following that event, especially in terms of banking institutions and Wall Street’s perception of Bitcoin […]

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What’s In a Name? The Identity Crisis for Initial Coin Offerings

Aaron Kaplan, securities attorney and COO of Prometheum, is guest author for this Opinion/Editorial.  Initial Coin Offerings (ICOs) have become the investment du jour while the understanding of what ICOs are has become desperately convoluted. Every huckster, scammer and opportunist has tried to hop on the bandwagon. (I’m talking to you, Casey Ryback) Many of these ICOs were a means for scammers to raise money over the internet from unsophisticated investors whose “FOMO” outweighed the obvious red flags associated with such offerings. Also read: Ver’s Sci-Fi Novel Life, […]

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PR: Bitex Launches Token Pre-Sale to Bring Global Crypto-Banking to the Local Level

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Hyper-localized and global crypto-bank Bitex begins token pre-sale on May 8th, 2018 Singapore — Bitex, the first locally-embedded global crypto-bank, today announced that they are launching their token pre-sale at 3 p.m. UTC, on May 8th. The pre-sale of XBX, Bitex’s utility […]

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Kodak Is About To Release Its Own Cryptocurrency For Photographers

As stated at the beginning of this year in an announcement from Kodak – the huge technology company – a photographer specific Cryptocurrency was scheduled to be released. The Initial Coin Offering was planned for the end of January but for several reasons the date was pushed back by four months. The aim behind this latest Cryptocurrency would be for the sole purpose of offering a digital ledger for rights ownership to photographers. The ledger would naturally be encrypted. This is an absolutely huge step forward for […]

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Nasdaq CEO Adena Friedman is Bullish on Cryptocurrencies

The chief executive officer of Nasdaq, Adena Friedman, discussed cryptocurrency and blockchain, among a number of subjects, in an interview with CNN. In the interview, Mrs. Friedman expressed bullish optimism for the future of cryptocurrency. Also Read: Xapo Estimated to be Housing 6.25% of Total BTC Supply Nasdaq CEO Bullish on Cryptocurrency In the interview with CNN, Mrs. Friedman offered optimism regarding the future of cryptocurrencies, stating “Do I think digital currency plays a role in the economy of the future, I think the answer is probably yes.” […]

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Upgrade Time: Bitcoin Cash 32MB Fork Activates Tuesday

In less than a week on May 15, the Bitcoin Cash (BCH) network will be upgrading the base block size from 8MB to 32MB, as well as re-enabling and adding some OP_Codes to the codebase. With just days left there are a few things BCH holders and full node operators should know before the upgrade takes place this coming Tuesday. Also read: Japan’s GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month Just a Few Days Left Until the May 15th Bitcoin Cash Upgrade The Bitcoin […]

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Bloomberg Unveils A New Cryptocurrency Index

Bit Of Background Bloomberg is one of the biggest players in finance and provides indices to the worldwide investment industry. These indices, in turn, assist with vital benchmarking data, which are fundamental to finance. These unbiased indices support all kinds of companies globally. Bloomberg is no beginner to indices and in fact already manage many indices in the more traditional finance industry including fixed income, commodities and international fiat currencies. Bloomberg has now teamed up with, digital assets merchant bank, Galaxy Digital Capital Management to roll out […]

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Nvidia Reports First Quarter Crypto Sales, Expects Two-Thirds Drop In Second Quarter

Nvidia shared its crypto sales data for the first time, which made up 9 percent of overall revenue in the first quarter. Nvidia (NASDAQ: NVDA), an American graphics processing units (GPUs) manufacturer, has recently reported that the company generated $289 mln from processor sales to the crypto market, Bloomberg reports May 10. This is reportedly the first time Nvidia shared information regarding its revenue from chip sales to the crypto mining market. According to Susquehanna analyst Christopher Rolland, Nvidia’s first-quarter sales from mining hardware were anticipated to […]

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Pineapple Fund Writes Farewell Post, Reports That All Funds Have Been Donated

The anonymous creator of the all-Bitcoin charity Pineapple Fund has announced that the fund’s work is complete and all bitcoins have been donated. Pineapple Fund, a Bitcoin-only charity, has reportedly accomplished its ultimate mission and donated 5104 bitcoins (BTC) or $55 mln to various nonprofit organizations, the fund’s creator wrote in a farewell post on Reddit May 10.   In December, when the BTC price approached its record high of $20,000, an anonymous donor who goes by the nickname Pine set a goal to give away 5057 bitcoins […]

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