Monthly Archives: April 2020

The New Land of Crypto Fundraising Is in Asia and Europe, Says PwC

Most of the fundraising in the cryptocurrency space shifted from the Americas to Europe, Middle East, Africa and the Asia Pacific region. Most of the fundraising in the cryptocurrency space shifted from the Americas to Europe, the Middle East, and Africa (EMEA), and the Asia Pacific regions (APAC), according to a recent report by Big Four auditing firm PwC. According to PwC’s 2nd Global Crypto M&A and Fundraising Report, during 2019, fundraising efforts in the crypto space obtained 18% less funding, while funds in mergers and acquisitions […]

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Researchers Detect Ambitious Bitcoin Mining Malware Campaign Targeting 1,000s Daily

Cybersecurity researchers have identified a persistent and ambitious campaign that targets thousands of Docker servers daily with a Bitcoin miner. Cybersecurity researchers have identified a persistent and ambitious campaign that targets thousands of Docker servers daily with a Bitcoin (BTC) miner. In a report published on April 3, Aqua Security issued a threat alert over the attack, which has ostensibly “been going on for months, with thousands of attempts taking place nearly on a daily basis.” The researchers warn:  “These are the highest numbers we’ve seen in […]

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‘No Bailouts Required’ — Bitcoin Difficulty to Rise as Hash Rate Recovers

Hash rate recovers 10% since BTC/USD fell to $3,700, once more proving that Bitcoin takes care of itself when it comes to security and stability. Bitcoin (BTC) did not need a multi-trillion dollar rescue package to continue functioning after crashing 60% in hours. That was the conclusion from analyzing the latest blockchain data, which showed that Bitcoin’s hash rate rebounded in recent weeks. BTC 16% difficulty drop steadies network Figures from monitoring resource Blockchain confirm that since March 21, the hash rate has expanded by over 10%. […]

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NiceHash and MiningRigRentals With Support for the Handshake (HNS) Algorithm

The Handshake (HNS) project is gaining more attention as it is getting wider support from services that are allowing users to sell or buy hashpower such as NiceHash and MiningRigRentals (MRR). Handshake is a decentralized, permissionless naming protocol where every peer is validating and in charge of managing the root DNS naming zone with the goal of creating an alternative to existing Certificate Authorities and naming systems. So NiceHash has just added support for buying and selling hashrate for the Handshake algorithm on their platform and just […]

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WEF Explains How Blockchain Can Help Calm Global Supply Chain Chaos

The authors of a report for the World Economic Forum argue that blockchain technology is key to mitigating the impact of disruptions like the COVID-19 pandemic. As the COVID-19 pandemic brings major economies to their heel under lockdown, there is mounting concern that the global trade and supply chain system could buckle within weeks.  Collapsed supply and demand, transport frictions, labor shortages and, in some cases, early signs of protectionism, are making it increasingly tough for suppliers to keep goods and services flowing across global value chains. […]

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South Korea’s Central Bank Launches Digital Currency Pilot Program

The Bank of Korea has launched a pilot program to assess the technological and legal requirements of issuing a central bank digital currency. The Bank of Korea announced on April 6 that it has launched a pilot program to assess the logistics of issuing a central bank digital currency —  or CBDC. While the South Korean central bank has no immediate plans to introduce such a currency, the pilot scheme will ensure that it is prepared to do so in the face of changing market conditions. 22-month […]

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Upcoming 4GB AMD Radeon RX 4×0/5×0 GPUs and ETC Mining Issues Under Windows

GPU miners currently mining Ethereum Classic (ETC) on AMD Radeon RX 470/480 and 570/580 GPUs under Windows might start getting a weird low performance on their first mining video card while other GPUS seem to be performing as usual. The reason for that is pretty simple even though we are still far from the 4GB DAG limit, with current ETC #337 DAG Epoch supposed to take 3.63 GB according to Claymore’s miner… the first GPU uses more video memory as it needs to display the operating system […]

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Blockchain Firms Team Up on Private Coronavirus Testing App

Genobank has partnered with Telos to develop an app facilitating private coronavirus testing. Genobank, a blockchain project seeking to offer consumers ownership and control over their DNA data, is preparing to launch an app on EOS-based blockchain platform Telos to assist people in accessing anonymous coronavirus testing. According to a recent announcement from the Telos Foundation, the app will also allow users to share that information with healthcare organizations. The open-source app, Agerona, stores the test data on the Telos blockchain, with Genobank to introduce a token […]

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Bitcoin Price Breaks $7K But Must Defend it to Avoid $5.2K — Analyst

A fresh breakout by Bitcoin Monday may yet prove temporary as a Cointelegraph Market analyst warns of major downside potential. Bitcoin (BTC) finally retook $7,000 on April 6 after days of posturing culminated in a sudden surge as the new week began. Cryptocurrency market daily overview. Source: Coin360 BTC price exits $6K… again Data from Coin360 and Cointelegraph Markets showed BTC/USD exiting the $6,000 range in a snap move which took markets to three-day highs of $7,080. While holding at press time, it remained to be seen […]

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Factom Facing Liquidation After Creditor Refuses Request for Funding

Holding 90% of blockchain firm Factom’s shares, investor FastForward declared the company would go into dissolution on April 2. After failing to source additional funding, blockchain company Factom has begun the process of being liquidated.  In an April 2 notice to investors, Factom’s largest investor FastForward announced the “dissolution event”:  “The Company has been notified by the directors of Factom that in a board meeting on 31 March 2020 they concluded that, in the absence of further funding, they now needed to begin the process of assignment […]

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