Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash

Last Thursday the China-based mining rig manufacturer Bitmain announced the launch of two new Antminers that offer hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale started on Monday, first batch devices sold extremely fast and Bitmain expects to deliver units by mid-November. Meanwhile, the combined SHA256 hashrate (BCH and BTC) has grown exponentially, touching 100 exahash per second (EH/s) on Tuesday. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed Bitmain Launches Two New Next-Generation Miners With Hashrates of 53-64TH/s Mining coins like…

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Blow to Bitcoin SV as Hash Rate Market Share Nears All-Time Lows

Blockchain startup Bitcoin SV is losing its hash rate profile to rival projects, according to data provided by Coin Metrics.  Where Are All the Miners? The data analysis firm found that Bitcoin SV’s hash rate market share touched its all-time low as of September 9, 2019. At its peak, Bitcoin SV occupied almost 9 percent of the total hash rate against Bitcoin and Bitcoin Cash. Nevertheless, the current statistics show a significant drop in Bitcoin SV’s market share – now close to 1 percent. Bitcoin SV hash rate share touches…

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Plans to Build $50M Bitcoin Cash Tech Park in North Queensland Revealed

At the Bitcoin Cash City conference in North Queensland, the CEO of Code Valley, Noel Lovisa, announced plans to build a $50 million dollar Bitcoin Cash tech park in the city of Townsville. The plan is to aggregate startup companies and there are more than 12 Bitcoin Cash focused startups already on board. Additionally, the BCH tech park creators aim to create a sister project with a mining and server facility built near the Kennedy Energy Park. Also Read: Emergent Coding, Adoption Incentives and Practical Use – Bitcoin Cash City,…

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U.K.’s First FCA-Authorized Crypto Arbitrage Hedge Fund Has Arrived

Institutional investors’ choices to invest in crypto-assets continue to expand. Now, Nickel Asset Management has raised $50 million to participate in the market through a new crypto investment fund. Crypto Market Becoming a “High-Octane World” Study upon study shows that interest to invest in Bitcoin and other crypto-assets continues to gain momentum. As a result, financial firms are continuously developing new financial products to target the vast potential pool of investors all over the world. Most recently, the U.K. based hedge-fund manager Nickel Asset Management Ltd. announced that it had…

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Thinking of Launching Your Mainnet this Year? DON’T!

Two years ago, we used to think that the crypto space will move from blockchain trials and testnets to real-world use cases and flawless mainnets. But the sad reality is that most projects implementing mainnets have seen negative returns. Token Prices Remain Unaffected While mainnets represent the natural direction of the blockchain market evolution, most of the projects implementing proprietary DLTs have seen their new tokens losing value. Crypto data services firm Messari tracks blockchain companies that launched mainnets. Data shows that these companies have seen their token prices demonstrating…

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Localbitcoins Warns Tor Browser ‘Increases Risk Of Bitcoin Theft’

P2P Bitcoin exchange Localbitcoins faced fresh controversy this week after appearing to warn users not to use privacy-focused web browser Tor. Localbitcoins Raises Concerns About Tor Privacy As noted by transaction compliance expert Richard Bensberg on September 9, the company hung a banner on its website which claims Tor users face increased risk of theft.  “Warning to all Tor users: A Tor browser exposes you to the risk of having your bitcoins stolen,” the banner reads.  It remains unknown whether the banner is visible only to those who access Localbitcoins…

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Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime

A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony by Washington D.C. consulting firm Financial Integrity Network. In the testimony, Vice President of the firm David Murray calls for the Bank Secrecy Act to be expanded to include regulating bitcoin miners as traditional financial institutions. With the U.S. dollar already backing most crime worldwide, one is left to wonder…

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Will President Trump Appear at the Rescheduled Buffett Crypto Lunch?

With confirmation that the proposed crypto lunch with billionaire Warren Buffett is still on, it remains to be seen whether U.S. President Donald Trump will accept Justin Sun’s invite. Save Trump a Seat Back in mid-July, President Trump put cryptocurrency as the focus of his daily tweetstorm. In response, Sun — the Tron CEO, invited him to his multi-million-dollar lunch with Buffett. Sun did eventually have to postpone the meeting, citing health concerns — about of kidney stones. The timing of the postponement did raise some eyebrows. At the time,…

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Fundstrat’s Tom Lee: Bitcoin Misery Index Suggests New Bull Run Soon

The Bitcoin Misery Index, a technical indicator of trades, has been falling all summer. The indicator is sinking to 50 points, a level at which Bitcoin (BTC) prices may start to rally, thinks Fundstrat’s Tom Lee. The Bitcoin Misery Index (BMI) by Fundstrat is a subscription-only technical indicator based on the profitability of average trades. High scores for the index point to exuberance and hype, while low scores show that most investors are “miserable” and the market is difficult to navigate. Bitcoin on the Bounce Since the hot price moves…

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Binance Open Interest on Futures Testnet Hits $150M USDT in 24hrs

Binance has launched its futures markets in a closed invitation-only mode. Following a testing period on its two futures platforms, the leading exchange marked significant interest. Trading volumes reached $150 million, denominated in Tether (USDT). For now, Binance offers BTC/USDT futures markets, similar to BitMex. Reddit users observed the initial performance of the Binance futures markets. The first day of trading achieved significant volumes in the BTC/USDT pairing. The sum is just a fraction of the leading futures market competitor, BitMEX, where activity surpasses $2.4 billion in 24 hours. Binance…

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