Monthly Archives: April 2020

Vitalik: Obsolete Mining Hardware Could be Used for Zero Knowledge Proofs

Ethereum Co-founder says Ethereum’s soon-to-be obsolete mining hardware could be directed towards Zero Knowledge Proofs. Vitalik Buterin, co-founder of the distributed Blockchain-computing platform, Ethereum, has had a lot to say in recent weeks. On April 25, Buterin appeared on The Shitcoin Dot Com Show to discuss the upcoming launch of Ethereum 2.0. During the interview, Vitalik was asked what people should do with their Ethereum miners once the network switches from its current consensus algorithm to a model where this specialized hardware is no longer required. Currently, […]

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Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing

Bitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S. The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per share if its IPO filing is approved. In a filing with the U.S. Securities and Exchange Commission on Friday, Ebang said it intends to list its shares on either the New York Stock Exchange (NYSE) or Nasdaq Global Market, under the ticker symbol EBON. Proceeds of the […]

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Oil Crashes, Satoshi Speculations, and Earth Angel Scams: Bad Crypto News of the Week

Check the bad crypto news of the past week. It’s been a good week for Bitcoin. After languishing at around $6,700, the cryptocoin is up more than 6 percent over the last week to take it above $7,000. And the next halving is now less than three weeks away. Changpeng Zhao is looking further ahead. He predicts that in a few months, as governments implement quantitative easing measures to stabilize coronavirus-hit economies, Bitcoin will rise. “Mathematics works, he told BlockDown 2020, a two-day virtual conference. “If you […]

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Dole to Integrate IBM’s Food Trust Blockchain Into All Divisions by 2025

The world’s largest producer of fruit and vegetables is expanding its use of blockchain for supply chain tracking. Dole Food Company, the world’s largest producer of fruit and vegetables, has revealed a five-year plan to expand its adoption of distributed ledger technology, or DLT, for supply chain tracking. Dole’s blockchain expansion was announced in its 2020 Corporate Responsibility and Sustainability Report. Dole first began to explore DLT after joining IBM’s Food Trust as a founding member in 2017. Dole to launch DLT tracing in all divisions by […]

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Cryptocurrency News From Japan: April 19-25 in Review

FXCoin announced XRP remittance testing, one company began its security token initiative, and more headlined news from Japan this past week. This week’s headlines from Japan included Mitsui & Co. Digital Asset Management kicking off its security token project, Coincheck’s fiat exchange listing seven altcoins, FXCoin unveiling physical crypto trading and XRP remittance testing plans, and GMO Coin listing three more altcoins.   Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Security token company tests security tokens in real estate Looking to create […]

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What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in

Crypto trader and YouTuber, Tone Vays, explains what might happen if Amazon CEO, Jeff Bezos, tried to buy all Bitcoin in circulation. Crypto trader and YouTuber, Tone Vays, explained that Amazon’s $140 billion CEO couldn’t buy every Bitcoin (BTC) in circulation.  What would happen if Bezos tried? “He would drive up the price of Bitcoin to the point where he could no longer afford it,” Vays told Cointelegraph in a message on April 23.  Why couldn’t Bezos buy all the BTC on the market? On the day […]

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Twitter CEO Jack Dorsey Calls Bitcoin Whitepaper ‘Poetry’

Twitter co-founder and CEO, Jack Dorsey, described Bitcoin’s white paper as poetry in a recent interview. In a podcast interview with tech researcher, Lex Fridman, Twitter CEO and co-founder, Jack Dorsey, referred to Bitcoin’s white paper as “Poetry.” “I think the Bitcoin whitepaper is one of the most seminal works of computer science in the last 20 or 30 years,” Dorsey said in Fridman’s April 24 podcast episode. “It’s poetry,” he added. Dorsey has talked about Bitcoin before Ranked 11th on Cointelegraph’s top 100 most influential people […]

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Kevin Hart’s Role in ICO Scam May Go Unpunished

FLiK investors have opposed Kevin Hart’s motion to dismiss their $7 million lawsuit against him for promoting a fraudulent ICO in 2017. Investors who participated in the FLiK initial coin offering, or ICO, in 2017 have opposed entertainer Kevin Hart’s bid to have the $7 million lawsuit dismissed. The 25 investors claim that they collectively lost more than $2 million as a result of Hart, rapper ‘T.I.’, and FLiK executive, Ryan Felton, touting unregistered securities for an ICO that ultimately failed to materialize. ICO investors fight for […]

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Binance Research Explains Recent Libra/SpaceX Comparison

Binance Research gives further rationale for referencing Facebook’s Libra as the SpaceX of the payments world. A recent report from Binance Research claimed Facebook’s Libra is as disruptive for the payments industry as SpaceX was for interstellar travel — but why?    When it entered the rocket sector, SpaceX found an industry laden with high entry barriers and largely dominated by public market players, a Binance Research representative told Cointelegraph in an email.   Therefore, the industry also yielded “little movement, as there were hardly any incentives to […]

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Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19

The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment. High Institutional Demand Expected Post Coronavirus Crisis The covid-19 pandemic has led to an unprecedented economic crisis, with the IMF calling it the worst recession since the Great Depression. Companies are missing their earnings estimates and many traditional investments […]

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