PoWx Developing Optical Proof of Work to Decentralize Bitcoin Mining
PoWx is developing Optical Proof of Work (OPoW) technology, in order to decentralize cryptocurrency mining by making energy costs negligible and changing how Bitcoin mining equipment is manufactured. OPoW will use Application Specific Photonic Integrated Circuits (ASPICs), which will open the door for competition between mining equipment manufacturers since ASPICs are less developed than ASICs. […]
Dip in South African Economy Sees Rand Down and Rise in Bitcoin Trading
The South African economy is struggling with the Rand at a six-month low, but bitcoin continues to gain popularity with investors, writes bitcoinist.com. In April of this year, the South African Central Reserve Bank (SARB) announced moves towards overseeing cryptocurrency and fintech developments in the country, suggesting rather than taking prohibitive regulatory measures, it would […]
Huobi Launching HBUS Crypto Exchange In United States
Huobi has announced that they are launching a cryptocurrency exchange in the United States named HBUS via a strategic partnership. Registration is already open and deposits of Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, Tether, DASH, Civic, and TrueUSD are already being accepted. Trading will go live on 10 July 2018. This is part of […]
South Korea Set To Adopt G20 Recommendations and Ease Crypto Regulations
The Korea Times has reported that South Korean regulators are about to ease cryptocurrency regulations in line with G20 recommendations. Back in May, government regulators made an initial agreement to apply the G20’s “unified regulations” and classify digital currencies as assets, having agreed that the situation regarding the trading of cryptocurrencies needed improving. It appears […]
Vitalik Buterin Has Harsh Words For Centralized Crypto Exchanges
Ethereum Co-Founder Vitalik Buterin had harsh words for centralized cryptocurrency exchanges at the TechCrunch Sessions: Blockchain 2018 conference in Zug, Switzerland. He said, “I definitely hope centralized exchanges go burn in hell as much as possible”. He thinks decentralized cryptocurrency exchanges are the way of the future. Vitalik Buterin is particularly critical about how centralized […]
Philippines CB Gives Two New Exchanges the Go-Ahead as Crypto on the Rise
The Philippines Central bank is reported to have authorized two of the country’s banks to process conversions between cryptocurrencies and the Philippine peso. The Bangko Sentral ng Pilipinas (BSP) deputy governor Chuchi G. Fonacier has said that the bank has approved applications from the two exchanges, Virtual Currency Philippines, Inc. and ETranss as platforms according […]
Five Spanish Speaking Universities Offering Crypto-Courses Join Education Surge
Five universities across three Spanish-speaking countries, Spain, Argentina and Venezuela, are now offering crypto courses, reports one of the crypto-news outlets. Asia is normally regarded as the world’s cryptocurrency hub with centers, courses, and crypto educational establishments on the rise, where Japan, Thailand and South Korea are leading the way. However, Asia isn’t the only […]
Binance Expects Profits Up To USD 1 Billion In 2018
Binance CEO Changpeng Zhao told Bloomberg that Binance has earned USD 300 million so far in 2018, and expects total profits of anywhere between USD 500 million and USD 1 billion by the end of this year. Additionally, he stated that Binance now has 10 million registered users, a statement which also implies that cryptocurrency […]
Chinese Hodlers Now Estimated to Have Reached 3 Million Despite Ban
Speaking at “New Financial Trends and 2018 Financial Technology Summit” in Beijing, researcher Li Honghan estimated that are now over 3 million investors in China holding on to cryptocurrency assets, reports Bitcoin.com. Li Honghan, a researcher with the International Monetary Institute of Renmin University of China was discussing the current state of cryptocurrency in the country. […]
Cryptocurrencies Are Helping Venezuela’s Poor as Conditions Worsen
A Venezuelan, using the alias “Hector” to protect his identity, has spoken out against the Madura regime illustrating how the country’s poor is increasingly relying on cryptocurrency for survival, writes Bitcoin magazine. As Bitcoin News reported recently hyperinflation is rampant in Venezuela and as a result, Bitcoin trading volume keeps hitting new records each week. […]
