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bitmain

Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers

Beijing-based start-up Bitmain now dominates the Bitcoin mining industry. Last year it is estimated the company made as much money as chipmaker Nvidia did, according to estimates from researchers at Wall Street analyst Bernstein. Based on conservative estimates, the analysts calculate that Bitmain made $3 to $4 billion in operating profit last year. Bernstein’s U.S. semiconductor team estimates … Continue reading Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers

bank of england

UK: Bank of England Researching Digital Currency, No Plans To Launch

Despite rumours to the contrary, the UK government have announced that they will not be following the likes of Venezuela in launching their own digital currency for now. Whilst the Bank of England are indeed studying the implications of centrally-issued electronic currency, a government minister has stated that there are no plans in the immediate … Continue reading UK: Bank of England Researching Digital Currency, No Plans To Launch

gdax

GDAX Announce Full SegWit Support, Network Fees Continue to Fall

GDAX, the trading arm of cryptocurrency brokerage Coinbase, announced today that they will implement full SegWit support for Bitcoin transactions in the coming days. The protocol upgrade aims to make transactions quicker and cheaper for users of BTC. GDAX Joins Coinbase and Bitfinex GDAX are the latest of the cryptocurrency industry’s major players to offer … Continue reading GDAX Announce Full SegWit Support, Network Fees Continue to Fall

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Colorado Department of Transportation, CDOT, Completely Offline After Ransomware Virus

Employees at the Colorado Department of Transportation (CDOT) spent the second day offline today, while security officials — including the FBI — continue to investigate a ransomware virus that hijacked computer files and demanded payment in Bitcoin for their return. According to Amy Ford, a CDOT spokeswoman, only employee computers running Windows and equipped with McAfee … Continue reading Colorado Department of Transportation, CDOT, Completely Offline After Ransomware Virus

Ethereum Creator Vitalik Buterin Donates $763,000 to Machine Intelligence Institute

Artificial intelligence is both a blessing and a curse rolled into one. Some people are convinced AI will improve our society, whereas others remain fearful. Ethereum creator Vitalik Buterin donated $763,000 to the Machine Intelligence Research Institute. With this money, the organization can further study potential hazards or artificial intelligence, among other things. MIRI is … Continue reading Ethereum Creator Vitalik Buterin Donates $763,000 to Machine Intelligence Institute


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