Advertisment Ethereum (ETH) has become more appealing in 2020, with prices rising above $270. Mining has also picked up, awarding 2 ETH each 15 seconds, or 8 ETH per minute. Ethash Still Accessible to Home-Based Mining RigsIn 2020, the Ethash algorithm is still amenable to home-based mining, and it is possible to build a rig and compete for block rewards.An Ethereum mining rig is best built using GPU. Currently, there are specialized rigs with about 200 million hashes per second. Read more …
Polkadot will be the first non-ethereum blockchain to integrate Chainlink. “Chainlink is set to become the first and primary oracle provider for all Substrate-based chains and eventually the entire Polkadot network,” Polkadot announced Tuesday. Chainlink provides price feeds for blockchain applications typically involved in decentralized finance (DeFi). Among other things, Chainlink communicates prices between crypto networks. Unlike traditional equities markets, cryptocurrencies can be sold by anyone. As would be expected, finding a true market price across disparate bazaars can be Read more …
Advertisment We’ve had our fair share of big wins at BitStarz, but nothing really comes close to the life-changing $2,458,064 single spin win on Azrabah Wishes last year. What’s so awesome about this win too is that it was not a jackpot win, which means with a lot of luck, these type of big payouts can happen at any time. Now $2.4 million is such a big amount that it’s kinda hard to wrap your head around how much it Read more …
Yesterday, Warren Buffett doubled down on his anti-crypto stance. He came out on air in a CNBC interview stating that he didn’t own cryptocurrency and he never will. But that claim was disputed today by Justin Sun, who provided the blockchain explorer details to prove it. So, who’s right? Warren Buffett’s Brutal Rebuff of Cryptocurrency Yesterday, Bitcoinist reported that Justin Sun had failed to convince the Berkshire Hathaway CEO on the virtue of cryptocurrencies. The TRON founder infamously bid a Read more …
Derivatives exchange FTX is hosting a public sale for tokenized equity in the hopes it can attain a billion-dollar valuation. The Binance-backed platform, famed for creating the Shitcoin Index of low-market coins, announced Tuesday its FTX_Equity token sale would welcome investors willing to allocate a minimum $250,000 each. Each FTX_Equity token, valued at $2 each, represents an ownership stake in the FTX Trading Ltd., the holding company that owns the derivatives exchange. Investors will be able to purchase the tokens Read more …
Despite considerable testing and research, the prospect of a central bank digital currency (CBDC) still raises significant concerns for bankers in Ukraine. At a Feb. 21 conference in Kyiv, the National Bank of Ukraine (NBU) presented the results of testing its CBDC project, the e-hryvnia, noting that the bank is continuing to look into issuing its own CBDC. However, the central bank apparently is still concerned about such a currency’s effect on financial stability as well as the possible threat Read more …
Bitcoin is not a hedge against traditional finance, according to Mati Greenspan, analyst and founder of Quantum Economics. On Monday, Greenspan tweeted a chart showing Bitcoin, crude oil, and US stocks bouncing in unison following mass market sell-offs over coronavirus fears. This evidence suggests that Bitcoin is a risk asset, as opposed to a safe haven. And so may suffer during an economic crisis as a result. Check out this short term graph showing #bitcoin getting a critical bounce at Read more …
Bitcoin has a media problem. Or, perhaps, the media has a Bitcoin problem. Mainstream media has often framed Bitcoin with the same scandalous curiosity that may publicize a troubled former child star or a controversial tech startup. Most journalists have viewed it as a sideshow, a distraction that warrants only so much attention lest it detract from the supreme spectacle of the 21st century’s historic advancements in technology, business and finance. By some combination of apathy, lack of curiosity and Read more …
Bitcoin has a media problem. Or, perhaps, the media has a Bitcoin problem. Mainstream media has often framed Bitcoin with the same scandalous curiosity that may publicize a troubled former child star or a controversial tech startup. Most journalists have viewed it as a sideshow, a distraction that warrants only so much attention lest it detract from the supreme spectacle of the 21st century’s historic advancements in technology, business and finance. By some combination of apathy, lack of curiosity and Read more …
There are some misconceptions about how frequently Bitcoin is being used in Venezuela and the problems it can solve there. In issue number 18 of Bitcoin Magazine, published in January 2014, Cathy Reisenwitz wrote one of, if not the, first accounts arguing why Venezuelans could benefit from Bitcoin — an article titled “Grounded Venezuelans May Want to Escape to Bitcoin.” The original cryptocurrency, Reisenwitz stated, could provide an escape hatch from what was then escalating economic oppression under the regime Read more …
A new German law requires every entity that holds private keys for others (e.g., bitcoin exchanges and/or bitcoin custodians) and that actively addresses the German market must become licensed as early as January 1, 2020. And to address the most common misconception right at the beginning: No, it absolutely not matter where your company is based. What matters is if you are addressing the German market with your services. “The law implementing the amendment to the fourth EU money laundering Read more …
The first Lightning Network “torch relay” debuted on January 19, 2019, to spread adoption of second-layer Bitcoin payment protocol. When it concluded in April 2019, it boasted 278 participants and 56 countries visited. One year later, Hodlonaut, the person behind the torch inception started the relay again, on January 19, 2020. After a few days, however, it was obvious that the new iteration of the torch was different, starting with a high rate of torches being stolen and ending with Read more …