ICOs and Blockchain Island Hub Discussed at South Korea’s National Assembly

ICOs and Blockchain Island Hub Discussed at South Korea’s National Assembly

The National Assembly of South Korea held a session recently where committees and political parties discussed the future of the blockchain industry, initial coin offerings (ICOs) and the fascinating Jeju Island proposal for a blockchain hub. Committing to blockchain So far in 2018, South Korea, an extremely tech-savvy nation, has undergone radical shifts as it […]

Bitcoin News Radio Show, 21st August 2018

itcoin News Radio Show, 9th August 2018

Listen to the 21 August 2018 Bitcoin News Radio Show below. [su_audio url=”https://anchor.fm/s/58aba88/podcast/play/1192568/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-7-22%2F4198013-44100-2-0f0ce2632d31.mp3″] On this edition of the Bitcoin News daily radio show we discuss how record levels of shorts on Bitfinex potentially triggered a short squeeze which caused Bitcoin’s price to rapidly rise. Learn about BitMEX’s research into the size of Satoshi’s Bitcoin stash. […]

Thai Central Bank to Test Digital Currency

Thai Central Bank to Test Digital Currency

The Bank of Thailand (BoT) has announced a landmark project which will see the launch of a Central Bank Digital Currency (CBDC) using R3’s Corda platform. Project Inthanon Phase 1 As written in a 21 August press release from the BoT, Project Inthanon is in Phase 1. Iin this period, the BoT and participating banks will collaborate […]

GPU Manufacturer Nvidia Abandons Crypto Mining

GPU Manufacturer Nvidia Abandons Crypto Mining

Nvidia has decided to exit the crypto mining business due to plummeting crypto mining-related sales. Nvidia is one of the top graphics processing unit (GPU) manufacturers in the world. In 2017, it pulled in USD 9.7 billion of revenue, USD 3.2 billion of profits and had USD 11.2 billion of assets. The CEO of Nvidia, Colette Kress, […]

BitMEX Research Concludes Satoshi Mined 600,000 to 700,000 Bitcoins

BitMEX Research Concludes Satoshi Mined 600,000 to 700,000 Bitcoins

BitMEX Research has conducted an in-depth study to estimate how many Bitcoins Satoshi mined, concluding the total to be BTC 600,000-700,000, currently worth over USD 4.7 billion as of this writing on 22 August 2018. Satoshi Nakamoto founded Bitcoin, launching it in 2009. As the first person mining Bitcoin, how much was actually mined has […]

Exchange Alliance Unites Gemini, Bittrex, bitFlyer USA, Bitstamp

Exchange Alliance Unites Gemini, Bittrex, bitFlyer USA, Bitstamp

Cryptocurrency exchanges Gemini, Bittrex, Bitstamp and bitFlyer USA have formed an alliance called the Virtual Commodity Association (VCA) working group. The goal of the VCA working group is to be a self-regulatory organization (SRO) that will work together to regulate their cryptocurrency exchanges with a common set of rules, which will help increase global crypto […]

SEC Poised to Decide on Bitcoin Futures ETF

SEC Poised to Decide on Bitcoin Futures ETFs

The Securities and Exchange Commission (SEC) of the United States has a deadline of 23 August 2018 to make a decision on two Proshares exchange-traded funds (ETFs) based on Bitcoin futures. One of them is a long position, meaning traders make money on the price of Bitcoin futures going up, and the other is a […]

China, CoinMarketCap Show Stark Difference in Crypto Rankings

China, CoinMarketCap Show Stark Difference in Crypto Rankings

China’s crypto rankings are drastically different than the ranks on CoinMarketCap, which is the mainstream way to rank cryptocurrencies. China’s Center for Information Industry Development (CCID) publishes a list of cryptocurrency rankings every month, with its fourth edition just released. The CCID list ranks 33 cryptocurrencies and it has generally been adding one or two new […]

Coinbase Trading Volume Drops Sharply Versus Offshore Crypto Exchanges

Coinbase Trading Volume Drops Sharply Versus Offshore Crypto Exchanges

Coinbase, the largest Bitcoin and cryptocurrency exchange headquartered in the United States, has seen a steeply declining trading volume during 2018, amid what many consider to be a bear market. Coinbase’s trading volume has declined 83% during 2018, compared to 73% for Bitstamp, another major USD exchange. However, overseas exchanges like OKEx and Binance that […]

Rise of Crypto Mining Supersites Will Make Personal Mining Obsolete

Rise of Crypto Mining Supersites Will Make Personal Mining Obsolete

Cryptocurrency mining manufacturer Bitmain has made USD 2.5 billion of profits in the past year, received billions of USD of investment and is about to conduct an initial public offering (IPO) that will bring in USD 18 billion. With this money, Bitmain has been creating mining supersites, mining farms on a scale never seen before. […]