Zcash Responds to ASIC Threat
Bitmain is set to launch its new application-specific integrated circuit (ASIC), the Antminer Z9 mini in June, which will be used for mining cryptocurrencies using the Equihash proof-of-work (PoW) algorithm. The Zcash Foundation was quick to respond, labeling the task of maintaining ASIC resistance an “immediate technical priority”. Pleased to announce the Antminer Z9 mini, an ASIC miner to mine […]
Iranians Look to Bitcoin After Trump Decision
Iranians have sent more than USD 2.5 billion out of the country for the purchase of cryptocurrencies. The revelation was made by Mohammad Reza Pourebrahimi, Iran’s Chairman of the Economic Commission of the Parliament, moments after US president Trump announced America’s withdrawal from the Iran nuclear deal yesterday, according to Nasdaq. As Forbes reported, this […]
Fundstrat Analysis Indicates Mining May Push Bitcoin to $36K by 2019
Tom Lee, co-founder of Fundstrat Global Advisors research institute, revealed on Thursday via Twitter new data provided by the group that predicts the price of Bitcoin will reach USD 36,000 by the end of 2019. The anticipated price inflation has been attributed to Bitcoin mining. Fundstrat’s Quantamental Strategist Sam Doctor provided a breakdown of the […]
Brian Kelly Says Crypto Markets Will Surge with Wall Street Interest
Founder of the BKCM digital asset fund and contributor to CNBC’s Fast Money, Brian Kelly, has stated on the same program that he sees Wall Street becoming a major factor in crypto market popularity as new institutions come on board. Kelly maintains that the addition of the New York Stock Exchange (NYSE) and Goldman Sachs to […]
Robinhood’s $363 Million Expansion to Rival Coinbase
The free stock trading app, Robinhood, announced on Thursday that it has raised USD 363 million in a new investment round, reports Fortune. This makes the company the second most valuable private fintech startup in the US after online payments company Stripe, valuing it at USD 5.6 billion. Fortune reports that Robinhood has shown an ability […]
Australia Streamlines Trade as Budget Makes Room for Blockchain
Australia’s Department of Home Affairs (DHA) has proposed a framework to introduce DLT into the country’s international trade and supply chain management, Coindesk has reported. The proposal arrived soon after the national government dedicated USD 700,000 of its 2018-19 budget “for the Digital Transformation Agency to investigate areas where blockchain technology could offer the most […]
