Monthly Archives: February 2019

Major Chinese University Launches Blockchain Research Center

Fudan University has opened a blockchain research center that will purportedly facilitate the development of the Shanghai economy. One of the most selective universities in China, Fudan University, has opened a blockchain research center, according to an announcement published on Feb. 15. Per the announcement, Fudan University established the Shanghai Blockchain Engineering Technology Research Center in collaboration with Zhongan Online Property Insurance Co., Ltd. and Shanghai Zhongren Information Technology Co., Ltd. The center will purportedly carry out basic research on blockchain technology, demonstrate its application, as well […]

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Report: Bitcoin Unable to Solve Problems of Traditional Payment Systems

An expert from the Bank of Spain has issued a detailed report on cryptocurrencies, stating that Bitcoin will not have a significant impact on the finance sector. An official from Spain’s central bank, the Bank of Spain (BDE) believes that Bitcoin (BTC) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a report published on Sunday, Feb. 17. The study dubbed “Bitcoin: a solution for […]

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Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

A survey has determined that advertisers believe the word “blockchain” to have been the most overrated of 2018. This is hardly a surprise as many companies from fields completely unrelated to cryptocurrency claimed to use or test blockchain technology last year with little to show for it. Also Read: In the Daily: Shapeshift Beta, Coinsquare Acquisition, Grayscale Investment Report Most Overrated Word of 2018 A recently released study for Media Post’s Research Intelligencer, which interviewed 120 marketers and 181 ad agency executives in January 2019, was conducted […]

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Bitmain Unveils Its Latest Energy-Efficient Mining Chip for Bitcoin

China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397. Beyond energy efficiency, the new mining processor promises to achieve faster performance for mining cryptocurrencies that use the SHA256 algorithm for their proof of work (PoW), including Bitcoin and its hard forks. Like the BM1391 chip that came before it, the BM1397 will be powered by the advanced semiconductor manufacturing technology called the 7nm FinFET process, integrating […]

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Op Ed: Why It’s Unsafe to Store Private Crypto Keys in the Cloud

There are two primary reasons why storing your private crypto keys in the cloud is a bad idea. First, your cloud provider represents a centralized honeypot that could experience a security breach, allowing cyber criminals to access your data. For example, in August 2018, a fourth man was jailed in the U.S. for hacking into private Apple iCloud accounts and leaking nude photos of Jennifer Lawrence, Kirsten Dunst, Mary Elizabeth Winstead and others. So it does happen. And it will probably happen again in the future. The […]

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Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 18

While markets are currently staging a recovery attempt, some analysts feel negative sentiment will drive prices lower still. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. CNBC commentator and CEO of digital currency investment firm BKCM LLC, Brian Kelly, believes that, “Bitcoin is about 50 percent undervalued.” However, just […]

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Major Omani Bank Joins RippleNet Cross-Border Payment Network

Oman’s second largest bank BankDhofar is now using RippleNet technology for cross-border payments to India. Oman’s second largest bank by market value, BankDhofar, has begun using RippleNet technology for cross-border payments to India. The news was tweeted by the managing director of South Asia and MENA at Ripple, Navin Gupta, on Feb. 16. RippleNet is a global blockchain-based payment network of institutional payment providers, that was developed by technology company Ripple. In January, RippleNet expanded its network to over 200 customers, including such industry players as JNFX, […]

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Everything You Should Know About Bitcoin Address Formats

A wallet address, comprising a string of 26-35 alphanumeric characters, is all it takes to send and receive bitcoin. Any bitcoin address can be used to transfer cryptocurrency to any other address on the network, provided the sender’s wallet software supports that address type. With multiple address formats to choose from, and wallet providers and exchanges only supporting certain address types, it pays to familiarize yourself with the differences. Also read: Bitcoin Cash-Focused Ifwallet Implements Cash Accounts Name System Address Formats Are the Internet Protocol of Bitcoin […]

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Tim Draper Predicts Crypto Will Rule, Only Criminals Will Use Cash in Five Years

Bitcoin bull Tim Draper said that cash will be used only by criminals in five years, while crypto will become widespread. Billionaire investor and known Bitcoin (BTC) bull Tim Draper argued that in five years, only criminals will use fiat as crypto becomes universally widespread. Draper made his claims in an interview with American financial news tv channel Fox Business released on Feb. 18. Reiterating his previous statements predicting that fiat money will become laughable and obsolete in five years, Draper has elaborated on his forecast, stating […]

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Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

On Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of devices. Also Read: Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks The Next Generation 7nm Chip From Bitmain Technologies Bitmain has announced a new mining chip that claims to […]

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