Day: July 5, 2022

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Intel Ships Blockscale ASIC Chips To Selected Bitcoin Mining Companies

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It’s official, Intel is part of the bitcoin mining business. The gargantuan technology company announced its “ultra-low-voltage energy-efficient” ASIC chip barely six months ago, and it’s already here. Under normal circumstances, infrastructural support from a multinational company like Intel would be tremendous for the bitcoin market. How will it react in the middle of all this chaos? Will it react at all? The news didn’t immediately do much, but the long-term effect remains to be seen. Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will…

Bitcoin Just Hit $18K. Buy Now?

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Active Ethereum Addresses Touch 2020 Levels, Will Price Follow?

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Ethereum active addresses have continued to decline. This follows the market crash where the price of Ethereum had dropped to below $1,000 before staging another recovery. This decline has shown various implications for the digital asset and also points towards how investors could be feeling towards the digital asset. Activity Falls To 2020 Lows Data from the Block shows that the active addresses on the Ethereum network on a seven-day basis are down. These active addresses had hit a new all-time high back in June 2021 when the bull market…