News archive

Bitmain Delays Delivery of Bitcoin Miners as Co-Founders Battle for…

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies.

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Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Ton…

The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits.

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Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and…

Bitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt.

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German Authorities Confiscate $30 Million in Bitcoin From Pirate Mo…

German authorities, with the help of the U.S. Federal Bureau of Investigation (FBI), have confiscated about $30 million in bitcoin from an operator of a pirate movie website. An unspecified amount of bitcoin cash was also seized.

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Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryp…

Cryptocurrency adoption is growing rapidly in Slovenia. More than 1,000 locations in the country now accept cryptocurrency payments, including cafes, restaurants, dentists, hair salons, and hotels.

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$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% At…

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split.

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South African Bitcoin Investment Company Faces Fresh Scam Allegations

FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam.

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Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Sa…

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province.

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% La…

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights.

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Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Co…

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s).

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Single Miner Reorgs Ethereum Classic - Devs Report a Chain Split

Members of the Ethereum Classic team reported that the network suffered a reorganization (reorg) today.

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Indian Government Confirms Crypto Bill Is 'Awaiting Approval'

The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries.

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Tether Prints $300 Million, While XRP Reclaims Third Spot

Tether Ltd printed a total of USDT 300 million Wednesday and this brought the total coins created to 540 million in the last three days alone.

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Novogratz: Global 'Liquidity Pump' Will Keep Bitcoin Rising, Price…

Billionaire investor Michael Novogratz said global “liquidity pump” from stimulus packages will keep driving bitcoin’s price higher. He expects the price of bitcoin to reach $20,000 this year, fueled by retail investors shifting to the cryptocurrency.

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Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce.

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Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Br…

Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday.

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Americans to Buy Bitcoin With Their Second Stimulus Checks After In…

U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again.

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Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Ra…

The digital currency economy is steadily approaching a $300 billion market capitalization, as a great number of coins have been seeing decent gains. Bitcoin touched a high of $10,135 on July 26, during the early morning trading sessions, but ethereum is outpacing the top crypto measured by market valuation.

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2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners

Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China.

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Veteran Analyst Peter Brandt Scorns 'XRP's Bag Holder,' Compares Ri…

Veteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesn’t understand why “otherwise smart people” have drank the “XRP-Kool-aide.”

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New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bit…

On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.5 billion using today’s exchange rates.

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Third Anniversary of Bitcoin Cash Highlights a Myriad of Network Im…

In twelve days the Bitcoin Cash community will celebrate the third anniversary of the 2017 fork that happened on August 1. Since then, a number of changes have happened during the last three years and the following editorial will discuss the significant differences between both chains.

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Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Cry…

Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses have been hurt by Google, Facebook, and Twitter banning crypto ads on their platforms.

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Wirex Approved to Issue Mastercard-Backed Bitcoin Debit Cards

Mastercard said Monday it had granted Wirex principal membership status, becoming the “first” native cryptocurrency outfit to do so.

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$6M Worth of Tether on the Bitcoin Cash Chain Highlights the Benefi…

During the first week of July, crypto supporters noticed that Tether issued 1,010 stablecoins via the Simple Ledger Protocol (SLP) framework on Bitcoin Cash. Now there’s a much larger amount of SLP-based tethers in circulation as the company has minted a total of 6 million on the Bitcoin Cash blockchain.

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Stablecoin Supply Doubles to 12 billion Following a 50% Cryptocurre…

The total supply of stablecoins in existence has doubled to 12 billion, following an increased demand sparked off by the March 12 (Black Thursday) 50% crypto price crash.

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Novel Charts Dark Side of ICO Mania

The initial coin offering boom of 2017 and 2018 was the closest crypto came to mass adoption.

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Grayscale Crypto Investments Add Nearly $1 Billion in Q2 — Bitcoin…

Grayscale Investments has posted a record quarterly performance, having added almost $1 billion, which nearly doubled its previous quarterly high. 84% of the investments were from institutional investors. The cumulative investment across all of its crypto products has reached $2.6 billion.

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Paypal Developing Cryptocurrency Capabilities, Letter to European C…

Paypal has confirmed that it has been developing cryptocurrency capabilities in a letter the company sent to the European Commission regarding the EU framework for cryptocurrency markets. Recently, Paypal and Venmo were rumored to soon allow users to buy and sell cryptocurrencies directly.

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Iran Licenses 14 Bitcoin Mining Farms, Cuts Electricity Tariff up t…

Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government.

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