Category Archives: Crypto News

Coinbase, GDAX Exchange Platforms Introduce Full SegWit Support

Coinbase and its professional trading platform GDAX both now supports SegWit scaling upgrade for transactions on the Bitcoin network.   Exchange and wallet service Coinbase and its professional trading platform Global Digital Asset Exchange GDAX both announced they had implemented Segregated Witness (SegWit) support for Bitcoin transactions in blog posts published Friday, Feb. 23. In their blog pos, GDAX characterizes SegWit technology as “a critical step forward in the development of Bitcoin” and promises support for SegWit transactions will be made available to 100% of their customers […]

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China Mining Co. Bitmain Shows Higher 2017 Profits Than US GPU Giant Nvidia, Report Finds

Chinese mining hardware manufacturer Bitmain made 2017 profits comparable to American GPU manufacturer Nvidia, reports. Chinese mining hardware giant Bitmain has reportedly made higher profits in 2017 than long time American graphics processing unit (GPU) manufacturer Nvidia, CNBC reported Feb. 23. CNBC writes that according to a report published Feb. 21 from investment research company Bernstein, the four-year-old Bitmain reportedly made between $3 and $4 billion in operating profit in 2017, whereas Nvidia, founded 24 years ago, made about $3 billion during the same period.   Bitmain, founded […]

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German Research Institute To Use Blockchain For Radio-Frequency ID Sensor Systems

German Fraunhofer research institute wants to extend its Blockchain features to its radio-frequency ID sensor systems The Fraunhofer Institute for Photonic Microsystems (IPMS), based in Dresden, Germany, intends to use Blockchain concepts for the development of wireless radio-frequency identification (RFID) sensor systems in the logistics sector, according to a Feb. 22 press release. The use of Blockchain solutions for the decentralized storage of data generated by RFID sensors could be made possible in this context through unique approaches to each client. Fraunhofer IPMS develops individual hardware and […]

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Bank Of China Files Patent For New Blockchain Scaling Solution

The Bank of China has filed a patent for a solution to scale Blockchain technology systems via data compression. The commercial, state-run Bank of China, not to be confused with the People’s Bank of China, the country’s central bank, has filed a patent with the Chinese State Intellectual Property Office (SIPO) for a solution to scale Blockchain technology systems, according to local news outlet tech.ifeng. The bank originally applied for the patent on Sept. 28, 2017, with a Zhao Shuxiang indicated as the patent’s inventor, but SIPO […]

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Regulations And Their Influence On Cryptocurrency Prices

Why and how regulatory actions affect prices. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. 2017 saw cryptocurrencies swing wildly in valuations daily. Despite a mostly upward trajectory, the market remains susceptible to unpredictable and sometimes extreme fluctuations in prices. While some of this volatility can be attributed to how the current cryptocurrency model was conceived—namely its deflationary nature—and the fact that most coins are still viewed mainly as […]

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Austrian Finance Minister Considers Pan-EU Crypto Regulation Based On Rules For Gold

Austrian Finance Minister Hartwig Löger is considering crypto regulations, based on the trading rules for gold and derivatives to prevent money laundering in crypto. Austria’s Finance Minister Hartwig Löger is considering basing cryptocurrency regulations on the trading rules already in place for gold and derivatives as a way to prevent crypto from being used in money laundering, Bloomberg reported Friday, Feb. 23. Löger spoke with Portugal’s Finance Minister Mario Centeno about his plans for pan-European Union crypto regulations on this basis yesterday, according to local news outlet […]

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb. 23

Latest trading review on most popular cryptocurrencies. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Sanction-hit Venezuela started the pre-sale of its oil backed cryptocurrency Petro on Feb. 20. Just a day later, President Nicolas Maduro’s twitter handle reported raising $735 million. The Venezuelan government plans to raise a […]

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Polish Ministries Of Foreign Affairs And Finance Refute Interest In Venezuela’s Petro

Poland’s Ministry of Foreign Affairs and Ministry of Finance have both denied claims that the country had expressed interest in trading in the Venezuelan Petro. Poland’s Ministries of Finance and Foreign Affairs refuted rumors of Polish interest in trading with Venezuela in the country’s newly-launched Petro coin, Polish news outlet Gazeta.pl reports Friday, Feb. 23. Venezuelan government-sponsored news outlet TeleSur reported in early February that the new cryptocurrency had found foreign investors, including Poland, who were interested in receiving Petro for food and medicine. The Polish Ministry […]

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New Project to Tackle Crypto Energy Crisis by Generating Electricity Through Waste

sponsored The company intends to produce their own energy and apply their own fixed price to sales, leading to a standardization of fees. As the cryptocurrency market expands, so too does the volume of energy required to maintain it. If the Bitcoin market alone continues to progress at its current rate, it will soon consume more energy annually than countries such as Peru. One potential solution to this issue is renewable energy; and that is where 4NEW hopes to come into play. Describing themselves as ‘world’s first eco-friendly, tangible, […]

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South Korean Cryptocurrency Exchanges Evaluate Self-Regulations

South Korea’s cryptocurrency exchange association will verify member compliance with self-regulatory measures announced last year. An association of South Korean cryptocurrency exchanges said that it is planning to check if its members are following a set of self-regulatory cryptocurrency measures adopted last year, local journal Yonhap News reported Feb. 21. The Korean Blockchain Industry Association, which is currently comprised of 33 of South Korea’s cryptocurrency exchanges, stated that it is going to carry out evaluations of 21 participants, including major trading platforms Coinone, Bithumb, and Korbit. In […]

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