Monthly Archives: November 2019

BTC Bullion: Three Interpretations of Bitcoin as “Digital Gold”

Bitcoin is often described as “digital gold.” While this is an oversimplification, it can be a helpful way of understanding some of bitcoin’s most critical properties — the things that “give bitcoin value.” One of bitcoin’s preeminent use cases is in its role as a store of value, a status that gold has long embodied. Though the price is volatile, many Bitcoiners who believe in its long-term value to an increasingly decentralized society see it as a long-term investment, and citizens of countries whose economies are distressed […]

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Market Outlook: Crypto Whale Tales and China’s Blockchain Hype

During our last market outlook, cryptocurrency prices had found new foundations after the massive rally on Friday, October 25. Since then digital currency prices have been meandering roughly in the same positions after coins like BTC failed to break upper resistance on various occasions. Also read: China Removes Bitcoin Mining From Unwanted Industries List Crypto Prices Hold Foundational Support But Fail to Break Upper Resistance At the time of publication, the market capitalization of all 3,000+ digital assets is hovering around $260 billion on Thursday, November 7. […]

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BTC Miners: No More Basement Rigs, Greater Profits to Come

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 has sprung forth and a quasi-gold rush rivaling that of the 1850s has taken the world by storm. As a direct result of both the increasing difficulty of Bitcoin mining and the […]

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Venezuela President Maduro Touts Trezor Bitcoin Wallet on National TV

Trezor says they have no official resellers in Venezuela after Nicolas Maduro appeared on a state-run TV station with what appears to be the Trezor hardware Bitcoin wallet. On Nov. 6, President of Venezuela, Nicolas Maduro appeared on state-run television station Venezuelan Television Corporation (VTV), holding a crypto hardware storage device allegedly developed by major wallet supplier Trezor. The video is posted on the official Facebook page of President Maduro. Trezor says it is unaware of the alleged Trezor representatives who appeared on the Venezuelan national TV […]

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Turkey Becomes the Latest Nation to Work on Digital Fiat

Trade wars, sanctions, fear from private and decentralized cryptocurrencies. Regardless of the motive, a number of governments have recently taken the path of creating their own digital money. Turkey has become the latest country to announce plans for the issue of a “blockchain-based” national currency. Also read: China Removes Bitcoin Mining From Unwanted Industries List Digital Lira to Be Tested as Ankara Builds Fintech Ecosystem The project to develop a digital lira has found a place in Recep Erdogan’s Annual Presidential Program, the state-run Anadolu Agency reported. […]

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New SRBMiner-MULTI CPU and AMD GPU Miner 0.1.5 Beta With RandomX Support

The latest SRBMiner-MULTI 0.1.5 miner has introduced support for the RandomX and its few variants for CPU mining, something that we were eagerly anticipating to see and to compare the performance to the already available XMRig RandomX CPU miner. SRBMiner-MULTI 0.1.5 supports CPU mining of RandomX for the upcoming Monero (XMR) fork, the variants RandomXL for LOKI and RandomWow or Wownero that are already using their new algorithms for mining as well as the RandomArq for the upcoming ArQmA (ARQ) fork. There are some new features, improvements […]

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Blockchain Must Solve These 3 Issues to Avoid Quantum Threat: Expert

Head of Cryptography at IoTeX says the blockchain community should address three issues to prevent being overtaken by quantum computers. Blockchain community should immediately begin working on three issues to prevent being overtaken by quantum computers, a cryptography expert says. Xinxin Fan, head of cryptography at privacy-IoT blockchain platform IoTeX, published an article in The International Business Times on Nov. 7, calling the blockchain community to be constantly updated about the progress made on quantum computers. While reiterating that short-term developments in quantum computing are “modest,” Fan […]

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Swell the News? XRP Drops 5% as Ripple’s Flagship Event Kicks Off

The controversial third-largest cryptocurrency XRP decisively rejected support at $0.30 to continue trading near all-time lows. Ripple’s annual Swell conference has failed to induce positive price action for associated token XRP, data following the event shows. Price data from Coin360 covering XRP/USD showed selling pressure take over on Nov. 7, as the two-day conference continues.  Swell has no impact on XRP Having reached local highs above $0.30 on Monday, the pair began expanding as Swell began but subsequently saw a rejection at just above $0.31. At press […]

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PwC Analyst: Blockchain Gives ‘Illusion of Traceability’ for Walmart

Auditors allege the biggest hurdle facing the blockchain systems being adopted by food retail giants such as Walmart and Nestlé has nothing to do with the technology itself. Experts allege the biggest hurdle facing the blockchain systems being adopted by food retail  giants such as Walmart and Nestlé has nothing to do with the technology itself. In an interview with Tech Wire Asia, published on Nov. 7, Craig Heraghty — Agribusiness Leader at “Big Four” auditor PwC — reflected on the rising trend of blockchain among major […]

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Bitcoin History Part 19: Wikileaks and the Hornet’s Nest

“WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.” With those 13 words, Satoshi Nakamoto stepped into oblivion, leaving a blizzard of unanswered questions that would enshroud his disappearance. That ominous message was to prove his penultimate forum post, dispatched a day before his final entry. What happened to put Wikileaks in the crosshairs of Bitcoin’s creator? Also read: Bitcoin History Part 18: The First Bitcoin Wallet Wikileaks Shines a Light on Bitcoin Satoshi’s words were freighted with such a sense of foreboding […]

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