Search Results for "hashing power"
Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals
President Trump’s opposition to Bitcoin and cryptocurrencies is well documented as is his determination to maintain the US Dollar's global status. According to a passage from ex-national security advisor John Bolton’s book—Trump’s administration has actually handed Bitcoin and Ethereum a huge advantage over other cryptocurrencies.
Matrixport: Jihan Wu's Spin Off Start-up Meeting Demand for Cryptocurrency Services Beyond Bitmain's Mining Ecosystem
Cynthia Wu is the Head of Business Development and Sales at Matrixport where she is also focused on building business for Cactus Custody and managing Matrixport’s key investor relations. In this first part of our exclusive interview, Wu shares her insights with Blockchain.News on the state of the Bitcoin mining, the surge in Bitcoin’s Hashrate and the potential impact that the coming Bitcoin halving will have on Bitcoin miners.
Bitcoin Adoption is the Ultimate Protest Against Government and State Abuse of Freedoms
As protests break out across the globe against state and central authorities, are the protesters overlooking their best and most potent weapon in Bitcoin? Bitcoin in essence, was built for protest and could potentially destabilize the central source of power for our governments—control over traditional financial systems.
Regulated Blockchain Will Power Central Bank Digital Currencies
So far, the story of blockchain has been one of new financial services built on decentralised technology. As the continuing prominence of Bitcoin demonstrates, these decentralised finance, or DeFi, applications have built up a following amongst a band of loyal supporters.
ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro
Fabio Panetta, a member of the Executive Board of the ECB, stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in a digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency (CBDC).
Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin
Iran has given power plants the green-light to undertake Bitcoin mining on a large scale as this will spur economic growth from the revenue generated. Nevertheless, interested parties must adhere to various regulations like not using subsidized fuel to extract Bitcoin and other cryptocurrencies.
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
AMD Purchases Xilinx in All-Stock Transaction to Develop Mining Devices
A month and a half after Nvidia purchased Arm, AMD also announced its $35b acquisition of Xilinx. Will it alter the ecosystem of crypto mining?
Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft
Malaysian police have shut down two illegal Bitcoin mining operations which had been siphoning power continuously for the past three years.
Ripple (XRP) Price to Skyrocket and “Completely Annihilate” Every Other Altcoin, says Analyst
The demand for Ripple’s cryptocurrency, XRP is set to skyrocket as the US regulation of cryptocurrencies are clarified. Ripple currently relies on the power of the ISO20022 standardization within RippleNet.
Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status
The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.
Understanding the Profound Impact of Stablecoins on Traditional Finance
Stablecoin is a compromise on absolute money issuance power and the adoption of disruptive blockchain technology. Stablecoin will have a profound impact on the infrastructure of future financial systems.