Month: April 2023

Intel discontinues its first-gen Blockscale ASICs for bitcoin mining

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Intel has declared the end of its first-generation Blockscale 1000-series ASICs for bitcoin (BTC) mining just one year after its official launch.  The company has yet to make any plans for different chip generations public.  According to Tomshardware, Intel, an American top technology company that manufactures semiconductor chips, has stated that it will stop producing its Blockscale 1000-series ASICs for bitcoin mining a year after their official launch. The company has claimed that it will continue…

Georgian vendors get crypto payments option with new partnership

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Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has formed an alliance with CityPay.io, a startup specializing in crypto payments located in Georgia. This partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services. According to the announcement, by partnering with CityPay.io, Gate.io and Gate Pay users will have the opportunity to connect with numerous merchants across Georgia, facilitating a wide range of daily activities such as hotel bookings, supermarket shopping and restaurant…

How to stake Cardano (ADA) in a self-custodial wallet

Cardano is one of the largest layer-1 blockchain solutions by market capitalization. The project is being driven by Input-Output (a Charles Hoskinson company), Emurgo and the Cardano Foundation. The chain was named after the Italian mathematician Gerolamo Cardano and its token ADA is named after the 19th-century mathematician Ada Lovelace. Cardano uses Ouroboros, a proof-of-stake (PoS) consensus mechanism where ADA holders can delegate their funds to stake pools. The cumulative stake allows each pool to verify transactions, create blocks and govern the network. Ouroboros uses cryptography, combinatorics, and mathematical game…

Australia installs more Bitcoin ATMs than whole of Asia

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Australia, the country that hosts the third-largest network of Bitcoin (BTC) ATMs, surpassed the continent of Asia in terms of the total number of crypto ATMs installed. Since the beginning of 2023, Australia has been on a crypto ATM installation spree, climbing from fifth to third in January alone. Data from Coin ATM Radar confirms that the country has kept up the effort to install avenues for fiat-to-crypto conversions. Crypto ATM distribution by countries and continents. Source: Coin ATM Radar Over the last eight months, Australia consistently added Bitcoin ATMs, unlike…

US Lawmakers Slam SEC Chair over Multiple Rushed Rules and Hostility against Crypto Firms

The lawmakers also referred to the enforcement actions against crypto companies by the SEC. The US lawmakers have put the chairman of the Securities and Exchange Commission (SEC) Gary Gensler on a hot seat over rushed rulemaking. For the first time since the Republicans took over the House of Representatives in January, Gensler testified before the House Financial Services Committee. The SEC head appeared to defend his regulatory agenda on crypto assets and the pace of rulemaking in specific areas like climate change risks. Under Gensler’s administration, the SEC has…

BTC price dives 3% in minutes as ‘deep correction’ grips crypto market

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Bitcoin (BTC) abruptly reversed gains on April 19 as a cascade of long liquidations sent BTC/USD plummeting lower. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sees “beautiful” retracement Data from Cointelegraph Markets Pro and TradingView followed the pair as it made lows of $29,015 on Bitstamp.  The sudden move followed an equally strong rebound above the $30,000 mark the day prior, with bulls ultimately unable to preserve higher levels. As volatility returned, Bitcoin thus fell to its lowest since April 10 as the upside saw its latest challenge. “Deep correction…

US Lawmaker Introducing Legislation to Remove SEC Chairman Due to ‘Long Series of Abuses’ – Regulation Bitcoin News

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A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating the crypto industry. Lawmaker Seeks to Remove SEC’s Chairman U.S. Congressman Warren Davidson (R-OH) has revealed that he is introducing legislation to remove the chairman of the U.S. Securities and Exchange Commission (SEC). The lawmaker from Ohio tweeted Friday: To correct a long series of abuses,…

Netflix Posts Mixed Results for Q1 2023 and Delays Password-Sharing Crackdown, NFLX Slightly Down

Netflix is postponing the broad rollout of its password-sharing crackdown, which was originally scheduled for the first quarter. Netflix Inc (NASDAQ: NFLX) released mixed financial results for the first quarter that ended March 31 as it postponed its password-sharing crackdown. While the company topped analysts’ estimates in the quarterly earnings, revenue came slightly down. Earnings came in at 1.13 billion or $2.88 per share, a little over Wall Street’s estimates of $1.6 billion or $3.53 per share. Also, it went below the expected revenue of $8.18 billion to $8.16 billion.…

SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing

Over the course of the marathon hearing, Gensler fended off questions about whether his agency was pushing too hard on proposed rules, providing too little time for public feedback on these rules, how it was approaching crypto companies hoping to operate in the U.S. and a host of non-crypto questions, including proposed disclosure requirements around climate change and audit trails. Source