A new poll of IT mangers at large UK businesses found that exactly half keep stockpiles of cryptocurrency for various reasons. Unlike what some might imagine, only a very small fraction of the companies that are holding bitcoin claim to be doing so as preparation for a ransomware attack. Also Read: Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC Big British Bitcoin Survey A new research commissioned by software developer Citrix (NASDAQ: CTXS) has found that 50% of large British businesses have stockpiles of cryptocurrency. The study, which…
Read MoreMonth: February 2018
Qtum is Pushing to Become the Biggest Player in the Asian Market
The Qtum Foundation has announced a collaborative venture with fellow Singapore-based SpaceChain Foundation to enable the launch of a standardized CubeSat. This will most significantly enable Qtum wallet holders to employ Qtum’s blockchain technology on the UK-developed Raspberry Pi device. Although this is a private venture, the fact that it is happening in Southeast Asia after the recent Chinese government clampdown on digital currencies has intrigued many observers. The exact politics are highly nuanced, however, as China, alongside most governments in the world, is pro-blockchain, just vehemently anti overly exuberant…
Read MoreBank of America Has Filed More Cryptocurrency Patents Than Any Other Company
Think of cryptocurrency developers and names like Satoshi Nakamoto, Gavin Andresen, and Nick Szabo spring to mind. Individuals who place principles ahead of profit and are more aligned with open source principles than filing patents and closely guarding their secrets. The only secret Satoshi guarded was his identity. It may come as a surprise then to learn that in the last decade, the company that has more cryptocurrency patents than any other is in many bitcoiners’ eyes the antithesis of everything decentralized currency stands for – Bank of America. Also…
Read MoreMining Crypto In a Browser Is a Complete Waste of Time
Malware that surreptitiously mines cryptocurrency while you browse the web is big news right now – literally in the case of news outlet Salon, which has enabled it as an opt-in feature. One thing that it certainly isn’t, though, is big business. Every other day, media outlets seem to be running stories about the latest cryptojacking scams. While these tales are mostly true, the extent of the problem has been vastly overstated. Smart criminals aren’t covertly crypto mining in-browser, not because they’re incapable of doing so, but because even at…
Read MoreSlovenia Is Becoming a Target Destination for Blockchain Companies
Ljubljana, 7 February 2018 – Slovenia has always strived to become a technology-friendly country. Many governments refer to Slovenia as the Silicon Valley of Europe, but so far there has been no major breakthrough in this area; however, it seems that with the advent of blockchain technology, we are getting closer to this ambitious vision, and the government of Dr. Miro Cerar is increasingly aware of this. To that end, the Prime Minister Dr. Miro Cerar, Minister of Economic Development and Technology Zdravko Počivalšek, and a number of State Secretaries…
Read MoreGPU Shortage Hinders Scientific Research – Cryptocurrency Miners Blamed
After gamers, scientists have now raised the alarm about the deficit of video cards caused by excessive demand in the crypto mining industry. Researchers trying to pick up radio signals from stars and extraterrestrials say they need more of the latest GPU chips for their data processing equipment. According to media reports, a leading manufacturer may soon offer a graphics card dedicated for mining to mitigate shortages. Also read: AMD Increases GPU Production to Match Crypto Mining Demand Efforts to Eavesdrop on ETs Impeded Radio-astronomers working on SETI (Search for…
Read MoreBiocoin: Russian Green Initiative Builds a Better Tomorrow
Bitcoinist seized a unique chance to talk to Boris Akimov, CEO of BioCoin and an ICO committee chairman of the Russian Association of Cryptocurrency And Blockchain (RACAB), an advisory body for Presidential Administration. Boris helped us take a glimpse at the state of events in Russian crypto-community and updated us on the first legal token sale currently happening in Russia. BioCoin is apparently the next big thing in Russia and maybe not only in Russia due to its full legal compliance which so far resulted in formidable success in a country…
Read MoreBerkshire Hathaway: Bitcoin Is Disgusting, Detestable, Noxious Poison
Daily Journal’s annual shareholder meeting usually involves Berkshire Hathaway’s vice chairman, Charlie Munger, giving his overview of things economic. This Valentine’s Day, the 94-year-old right-hand man of Warren Buffett took the opportunity to savage the world’s most popular cryptocurrency, bitcoin. Also read: Citibank India Bans Bitcoin Berkshire Hathaway Wants Cops Unleashed on Bitcoin If it’s not a religious affair, it sure has that feel. The grand cardinal of retail finance, Charlie Munger, was plopped into a chair, and assembled hordes gathered to hear investment wisdom from the Oracle of Omaha’s saintly…
Read MoreWyoming Welcomes Bitcoin Industry with Blockchain-Friendly Bills
While governments worldwide drag their feet and argue over cryptocurrency legislation, various states in the US are vying to become the blockchain capitol of the country. Arizona aims to allow state taxpayers the ability to pay their fair share with Bitcoin, while Tennessee looks to officially legitimize cryptocurrency purchases by making them legal on paper. Now, Wyoming is throwing its hat into the ring, with four blockchain boosting pieces of legislation up for consideration. Blockchain in “The Equality State” Eager to keep technological innovation in the state, blockchain enthusiasts and…
Read MoreFive Siberian Power Plants Attracting Crypto Miners With Surplus Electricity
Cryptocurrency miners will soon be able to benefit from surplus electricity and the cold climate at five power plants located in Siberia. Russian energy company En+, which owns those power plants, is already in talks with investors to build crypto mining farms near them. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Five Power Plant Sites Russian energy company En+ Group is actively preparing to offer electricity to cryptocurrency miners at some of its power plants, Vedomosti reported on Wednesday. En+ CEO Maxim Sokov was quoted saying,…
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