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Bitmain to Increase Hashrate By 50% With 600,000 New Mining Chips

Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits.Bitmain to Increase its Capacity By 50% Hash..

US Government Vague On Bitcoin Role In Fentanyl Drug ‘Epidemic’

The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl.FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of ..

BitPay Under Fire For Rejecting $100K Bitcoin Amazon Rainforest Donation

A blocked Bitcoin donation to help the fight against the Amazon Rainforest fires has become the latest publicity headache for BitPay.BitPay Fails To Resolve BTC Freeze According to a social media exchange on August 23, the embattled cryptocurrency payment processor is facing fresh criticism after..

Bitcoin Panic Unwarranted But Ethereum Still ‘Ugly’ Below $200

The week has ended with reclamation of five figure prices by bitcoin. Some of the altcoins have been marginally dragged up with it, but many including Ethereum are still looking extremely weak. Bitcoin Back Over $10k The past five instances bitcoin has dropped into four figures have been brief enco..

EOS is De Facto Centralized, Says Wikipedia Co-founder

Wikipedia co-founder Larry Sanger does not want to develop his decentralized applications atop EOS blockchain. The veteran technologist, who chose EOS to run his decentralized content distribution platform Everipedia, threatened to fire the blockchain project. He criticized EOS for becoming a de fa..

How Key 2020 U.S. Presidential Candidates Are Showing Support For Bitcoin

Among the numerous issues that will define the 2020 U.S. presidential election, the topic of Bitcoin and blockchain technology is inching its way to the forefront. Indeed, in varying degrees, top democratic presidential contenders have already referred to Bitcoin and its technology.Andrew Yang’s ..

China May Release Libra Competitor Before Facebook Launches It, Report

Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game.Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency. According to fresh report..

How Bitcoin Demand is Driven by Central Banks Devaluing Their Currencies

The demand for bitcoin has certainly been tangible over the past few months. Even with a correction of around 30% the digital asset is still up over 160% this year. That growth could have been spurred by central banks devaluing their own currencies as economic skies darken. Big Banks Boosting Bitco..

Segwit Creator Introduces Optimized Language For Bitcoin Smart Contracts

Bitcoin Core developer, Peiter Wuille, has introduced a new programming language called Miniscript, to simplify smart-contract development for Bitcoin. One of the most prolific and respected Core-developers, Wuille is responsible for the creation and implementation of Segregated Witness (SegWit)...

Three Reasons Why Bitcoin Price is Back Under $10K… Again

The early week’s run-up in the bitcoin price has continued to run out of breath as BTC dips back under five figures. The BTC/USD instrument settled a session low of $9,841.59 at around 16:05 UTC today, establish its five-day low. The pair moved downwards despite having full-backing of strong fundam..

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