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    China’s Online Finance Regulator Allows the Public To Report Illegal Token Fundraising

    The National Internet Finance Association of China (NIFA), a self-regulatory organization founded by the People’s Bank of China(PBoC), has added a new category— “ token sales”—to its tip-off platform where the public can report any potentially illegal online financial activities. At present ,the online portal run by the NIFA gives Chinese residents the power to file […]

    Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines

    Over the last few weeks, we’ve been reporting on the wide variety of new cryptocurrency miners entering the digital asset economy. Some of these newly created miners are bringing faster processing power and more optimized chips, while others have even built mining rigs that tether to a water-cooling system. Now another new SHA-256 mining rig […]

    JP Morgan CIO: Blockchain Will Replace Existing Technology

    JP Morgan CIO Lori Beer said at a press conference in Buenos Aires that blockchain will “replace existing technology” in a few years, according to Argentinian website Cripto247 August 23. “We will see a greater and wider use of blockchain […] In a few years blockchain will replace the existing technology, today it only coexists […]

    Founder of Litecoin Charlie Lee discusses the state of cryptocurrencies

    In terms of monetary price, cryptocurrencies have been faltering since the introduction of 2018. But one prominent figure of cryptocurrency is declaring that cryptocurrency is flourishing more than ever due to the progress of adoption. Charlie Lee, the famous founder of Litecoin, stated on CNBC’s Fast Money that cryptocurrencies are currently proving their long term […]

    Old hydroelectric dam to be re-purposed into crypto mining farm

    The New York Firm, DPW Holdings Inc. plans to use existing power generated by Valatie Falls, for a crypto mining farm. This hydroelectric dam was bought by Valatie Falls Hydro in March 2018, using debt financing from Digital Power Lending, a DPW subsidiary. A cryptocurrency mining operation is to be setup and running by the […]

    Search Giant Baidu to Censor Crypto Discussions on Its Forum Business

    Chinese search giant Baidu is joining Alibaba and Tencent in a move aimed to distance itself from cryptocurrency-related activities. China Times, a Beijing-based business media, reported on Sunday that Baidu is seeking to censor and ban forum topics that discuss crypto-related activities on Baidu Tieba, the firm’s Reddit-alike online community business. “Currently, the company has […]

    Panda Miner Realizes Mass Production of 12nm Mining Chips

    Panda Miner from Shenzhen in southern China has recently completed the volume production of 12nm mining chips, and mulls over a plan to launch multiple BTC miners in Q3-Q4 2108. Panda Miner has been focusing on GPU mining rigs since its inception back in 2016. Its involvement in the ASIC mining competition shows its intention […]

    GPU Manufacturing Giant Nvidia Leaves Crypto Mining

    Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space. Whether it’s the industry losing steam or the simple […]

    Bitmain Unveils New 18T Water-Cooled Bitcoin Miner Antminer S9 Hydro

    On August 23, the China-based firm Bitmain Technologies revealed the company’s latest mining device, the Antminer S9 Hydro. The newly manufactured rig is a water-cooled SHA256 miner that commands a hashrate of around 18 trillion hashes per second (TH/s). The Antminer S9 Hydro Over the past few months, numerous companies have been revealing new and […]

    Beijing Bans All Venues from Hosting Crypto-Related Promotions

    Chaoyang District of Beijing has released an official notice to ban office buildings, hotels and all other possible venues in the district from hosting activities related to cryptocurrencies, according to the official notice released August 22 by the local financial regulator. As per the notice, to protect people’s property and safeguard the status of legal tender, […]