$50 Million Bitcoin Mining Farm Opens in Armenia

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A new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish…

CME Report: Bitcoin Futures Trading 41 Percent Up from Q3 2018

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The Chicago Mercantile Exchange (CME), one of two major providers of Bitcoin Futures in the U.S., revealed trade volumes increased 41 percent in Q3 2018 with interest rates up by 19 percent. Booming Bitcoin Futures Market While the retail cryptocurrency market has taken a downturn in 2018, the institutional-focussed Bitcoin futures market seems to be…

Off-Grid Crypto Transactions Get Closer to Reality

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A New Zealand developer sent two signed Bitcoin transactions to his girlfriend’s crypto wallet on Monday using only radio signals and a cheap smartphone while offline and not connected to a cell network. The farthest transaction was sent from 12.6 kilometers (7.8 miles) away. Over the weekend I sent a bitcoin transaction to a relay…

Bitcoin Payments Provider BitPay Adds Gemini Dollar and USD//Coin as Settlement Options

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Cryptocurrency payments provider BitPay added two stablecoins for fiat-equivalent settlements at merchant-level on Oct. 15, according to a press release. Stablecoin Usage Gaining Traction Seeing a significant demand for the usage of credible stablecoins in the cryptocurrency market, BitPay added Circle’s Centre USD//Coin (USDC) and the Gemini Dollar (GUSD) – both pegged on a 1-to-1 basis…

Cypherpunk Essentials: A Beginner’s Guide to Crypto Privacy

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The following op-ed on crypto privacy was written by Reuben Yap. He is the Chief Operations Officer of Zcoin. A corporate lawyer for ten years, specializing in institutional frameworks, Reuben founded one of SE Asia’s top VPN companies, bolehvpn.net. He graduated with a LLB from the University of Nottingham. One of blockchain’s most notable and valued…

Bitcoin is Anti-Fragile, Skin in the Game

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One of the reasons flying on an airline is deemed safe is because the pilots have high status and are equally affected if something goes wrong. Being a flight passenger possesses a certain sense of security since the person at the controls has a clear incentive to not harm themselves or others. Additionally, in aviation,…