As controversies surrounding Bitmain’s looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturer’s territory. One of these competitors, Innosilicon, now claims to have a new ASIC miner for bitcoin in the works that will outperform any current hardware in speed, profitability and efficiency. Speaking to Bitcoin Magazine, an Innosilicon representative, who asked to remain anonymous, said its upcoming ASIC, the Terminator3 (T3), “has been in development since February of this year.” Founded in 2006, the […]

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The crypto world is welcoming its newest digital currency exchange. Known as BTSE, it’s a platform designed primarily to look after markets and OTC trading. The system is unique in the sense that it offers multiple currencies through one book, and entities like the U.S. dollar, the euro and the Japanese yen all share the same liquidity pool. Co-founder Jack Li spoke with Bitcoin Magazine about how the exchange works and what its overall purpose is in offering a multi-currency platform. “Even though there has been some […]

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More than a dozen government officials, including former central bank governor and his deputy, have come under investigation in Liberia after $104 million of newly printed banknotes vanished from the state purse. Liberia has issued a travel ban to Milton Weeks, the ex-Central Bank of Liberia chief, his deputy Charles Sirleaf, son of former president Ellen Jonhson Sirleaf,  and several others pending the investigation. Also read: Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade Liberia Enlists FBI, IMF To Help Recover Missing Funds The Liberian government has […]

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When Tokyo-based Mt. Gox got hacked to the tune of 650,000 bitcoin in 2014, Japan learned early on the tough lessons of cryptocurrency theft. Yet, to this day, despite the country’s ongoing efforts to educate investors and ramp up oversight of crypto exchanges, it still feels the sting of hackers. On September 20, 2018, on the heels of the Osaka-based Zaif heist, which amounted to $60 million in losses, the country’s National Police Agency (NPA) issued a report of cryptocurrency thefts involving exchanges and individual crypto wallets […]

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In an open letter to the Internal Revenue Service (IRS), the U.S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes. Authored by congressional representatives Kevin Brady, Lynn Jenkins, Darin LaHood, David Schweikert and Brad Wenstrup, the letter, addressed to Acting Commissioner David Kautter, calls on the IRS to devise a more concrete cryptocurrency taxing scheme than the one it currently enforces. Opening with reference to a similar letter the Committee sent […]

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In recent news pertaining to cryptocurrency mining, Bitfury has announced a “suite” of products powered by the company’s new mining chip, a botnet that hunts and destroys XMR mining malware has been discovered by security researchers, and Soluna has announced that it will commence the construction of its Moroccan wind farm in January. Also Read: Weiss Ratings Backtracks After Tipping Ethereum to Beat Bitcoin Bitfury Announces New Mining Hardware San Fransisco-based Bitfury Group has launched a “new suite of bitcoin mining hardware,” powered by its latest SHA-256 ASIC […]

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