Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

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According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency…

Stripe COO Explains Move Away From Bitcoin Payments

Stripe COO Explains Move Away From Bitcoin Payments

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Popular payments provider Stripe made waves in 2015 after announcing the acceptance of Bitcoin for its merchant network. However, in April 2018, the company ceased Bitcoin operations providing no clear reasons at the time. Stripe COO Explains Move On July 18, 2018, Stripe COO Claire Jackson disclosed why the company’s short-lived relationship with the pioneer…

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

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Shark Tank star Kevin O’Leary, AKA “Mr. Wonderful”, said on CNBC’s Fast Money that he firmly believes not a dime from institutional investors will come into the crypto market, at least in the short-term. Custodianship Isn’t Enough, Regulators Have to be On Board Over the past 12 months, especially in early 2018, the narrative of…

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

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With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Also Read: Change.org Petition Attempts to Fight for…

Crypto Market Increases by $22 Billion, Ethereum and Bitcoin Rally into the Green

Crypto Market Increases by $22 Billion, Ethereum and Bitcoin Rally into the Green

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Following a multi-month downtrend, the overall cryptocurrency market may be showing signs of a trend reversal. At press time, Bitcoin and Ethereum prices have broken through key resistance levels and begun recovering from monthly lows. The post Crypto Market Increases by $22 Billion, Ethereum and Bitcoin Rally into the Green appeared first on CryptoSlate.

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

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Immutability and difficult-to-solve algorithms are the main attractions for cryptocurrencies like Bitcoin apart from potentially creating a new financial system. However, recent research suggests the underlying technology may not be as resilient as perceived. Quantum Computing Threatens Bitcoin On July 16, 2018, academic outlet The Conversation highlighted a method utilizing powerful quantum computers to decipher Bitcoin’s…

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

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A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. But is that really so? Also read: Japanese Internet…

Crypto Developers Express Fresh Optimism of Price Rebound

Crypto Developers Express Fresh Optimism of Price Rebound

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Crypto bears are having a heyday. 2017’s crypto euphoria is unceremoniously replaced by a steep market downturn, numerous ICO scams, and unrelenting attacks on crypto exchanges – affirming pessimistic outlooks of naysayers. As the negative headlines continue to proliferate, some crypto insiders remain bullish about the potential for digital currency to thrive not only in the…

Indian Central Bank Responds About Crypto Restrictions

Indian Central Bank Responds About Crypto Restrictions

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India’s central bank has responded to a representation about its crypto banking ban. The Supreme Court gave the central bank seven days to reply following a hearing last week of the petition by the Internet & Mobile Association of India against the ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Response India’s…