Day: November 29, 2019

Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead

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Bitcoin (BTC) is trading up around 2% at $7,600 on the back of the European session this morning, which is where it has been consolidating for a couple of days. With the weekend looming and the month of November coming to a close, Bitcoin price action is at a critical point and is likely to result in volatility over the weekend.  As has been witnessed recently, Bitcoin has continued to dictate the valuation placed across the cryptocurrency market as a whole. Ether (ETH) and EOS, for example, have outperformed Bitcoin…

Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use

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Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns, and systemic risks.” The authors state that silicon photonics could be used to shift mining costs away from energy-intensive to hardware-based costs, lowering the economic and environmental impact, adding greater security, and “democratizing” mining. Also Read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well Optical Proof of…

Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use

boss

Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns, and systemic risks.” The authors state that silicon photonics could be used to shift mining costs away from energy-intensive to hardware-based costs, lowering the economic and environmental impact, adding greater security, and “democratizing” mining. Also Read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well Optical Proof of…

Correction: Coinbase and Tagomi Deny Acquisition

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“Tagomi and Coinbase were in talks last week – well Coinbase acquired Tagomi this morning for $150 million,” a source who claimed knowledge of the deal told CoinDesk. Both companies denied any acquisition subsequent to the story’s publication. A source at Tagomi told CoinDesk that the two companies have had negotiations about doing business, not acquisitions. Source

Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

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Canadian investment fund manager 3iQ hopes to attract Canadian retail investors with its regulated, publicly-traded Bitcoin (BTC) fund.  In a press release on Nov. 28, 3iQ announced that it had filed a preliminary prospectus for its close-end Bitcoin fund, which is expected to be available on the Toronto Stock Exchange later this year. 3iQ chief executive Fred Pye told Cointelegraph: “We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on…

Russian Central Bank Says It Would Support Crypto Ban

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Legislation clarifying the legal status of cryptocurrencies, including mining and token sales, was reported to be passing through the State Duma by the end of the last summer session, but has seen delays. Two of three planned bills were passed in 2018, however, one regarding digital rights and the other covering crowdfunding, RIA says. Source

Why do I Need Bitcoin Mixer If I have Nothing to Hide?

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Cryptocurrency is good in that transaction information is forever recorded on the blockchain in the public domain and therefore Bitcoin can be trusted. At the same time, there are no records about your transactions in the databases of banks and government organizations in order to increase Bitcoin Privacy. But in fact, anyone can track how much and what you spent your digital assets on, and then use this information to harm you. Danger of Blockchain Transparency Bitcoin seems to be initially anonymous since it does not require personal data from…

Here’s Where to Spend Crypto Online This Black Friday

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Black Friday is an unofficial “shopping holiday” that traditionally takes place the day after Thanksgiving Day in the United States. While the tradition originated in the U.S., it has since spread to all corners of the Earth and always takes place on the fourth Friday of November. The event involves retailers across the country slashing prices on a variety of goods in a bid to kickstart the Christmas shopping season. Due to the multitude of discounts on offer, the day has become the busiest shopping day in the United States,…

Russia Reportedly Considers Ban on Using Crypto as Means of Payment

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Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services. A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial regulator and Ministry of Finance in support of a ban. Legal measures not yet officially confirmed At present, cryptocurrencies can be used for e-commerce and many Russian freelancers,  including programmers, designers and copywriters, agree to receive their salaries in Bitcoin (BTC) or Ether (ETH), Vladislav Antonov told Izvestia.  Antonov, an analyst at…