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Bitcoin Core developer Matt Corallo has published a draft of a Bitcoin Improvement Proposal (BIP) that aims to further decentralize bitcoin mining through the adoption of a new mining protocol. Published by Corallo — perhaps better known by his social media handle TheBlueMatt — on his personal GitHub repository this week, the “BetterHash Mining Protocol(s)”...
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Kristo Kaarmann, co-founder, and CEO of TransferWise, a global money transfer service, has stated that cryptocurrencies are not sufficiently flexible for widespread adoption. Kaarmann shared his views on cryptocurrency with Arjun Kharpal of CNBC during the Money 2020 conference in Amsterdam, adding that it would be exciting if people eventually use cryptocurrencies to buy everyday goods. The last currency TransferWise...
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In terms of price, there’s not much to say, except it has been a boring week. Opinions seem to be quite divided, although that is only natural as the market keeps moving side-ways. Boring as hell. What about technology? What’s new? In terms of new and exciting developments happening on the bitcoin community, there are a few...
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Cryptocurrency advocates often tout bitcoin as “digital gold,” but famed short seller Jim Chanos said that BTC is the “last thing” he’d want to own in a full-blown crisis. Chanos, who rose to fame by predicting the collapse of US energy giant Enron, made this claim during a recent interview with the Institute for New...
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Tech investor Chamath Palihapitiya considers himself a “disciple” of Warren Buffett, but even he does not think the investing icon is a reliable source on the subject of bitcoin. Palihapitiya, who served in various management roles during a four-year tenure at Facebook, told CNBC that technology is outside of Buffett’s “circle of competence,” so he is not...
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Circle Invest, the blockchain start-up application, has added Montero to the list of digital assets available on its platform, the firm said in a blog post on Monday. Montero becomes the second privacy-focused coin it has added in a row. In April Circle Invest introduced ZCash onto its platform saying traders and users were now able to...
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In today’s climate of ICOs with 100 billion token supplies, it can be easy to forget that the total supply of Bitcoin is incredibly low – 21 million. The 17 millionth Bitcoin has been mined, and there are only 4 million left. The built-in artificial scarcity is one of the most important characteristics of the currency,...
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Biotech-company-turned-cryptocurrency-investment-firm Riot Blockchain is not long on Bitcoin Cash. That’s one of several revelations from a recent public filing that provides an overview of the Colorado-based company’s 2017 financial results. The Nasdaq-listed firm, which reports that it had 3,500 Bitmain S9 miners deployed at a data center in Oklahoma City at the end of March and intends...
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Bitcoin Continues to Outperform Tokens and Cryptocurrencies Amid Recovery While the vast majority of tokens and cryptocurrencies in the global market fell by around 10 percent overnight, bitcoin has sustained its momentum in the $11,000 region, with strong volumes. Bitcoin Records Monthly High Dominance Over the past 24 hours, bitcoin, like many other cryptocurrencies in...
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Legendary investor and billionaire Warren Buffett continues his bearish outlook on bitcoin and other cryptocurrencies. In a televised interview on CNBC, Buffett was asked about JPMorgan Chase CEO Jamie Dimon’s backpedaling take on bitcoin, after the latter expressed regret about calling bitcoin a ‘fraud’ last year. Queried if he too would re-think his recent remarks on...
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