OPINION: Massive Bitcoin Adoption, Inflated Stock Market and Recent Rallies Resembling Pyramid Schemes.

financial hour glass

The Perfect Storm For Massive Bitcoin Adoption Bitcoin celebrated its 11th year on October 2019 and trades billions of dollars per day in financial institutions such as CME (Chicago Mercantile Exchange), BAKKT (owned by NYSE’s ICE) and Fidelity Investments. As the world braces for a global recession, Bitcoin may attract massive interest by main street investors in the coming weeks. Another Global Financial Crisis “In fact, we anticipate the worst economic fallout since the Great Depression”. Kristalina Georgieva Managing Director of International Monetary Fund (IMF) The world has essentially come…

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Bitcoin Mining Faster with Less Energy Says Ex Samsung Senior VP

New ASIC 8nm Bitcoin Mining Machine By NPG

Former Samsung Computer Division Executive Vice President says new ASIC based Bitcoin mining machines will achieve highest hashing power at lowest energy consumption rate. NPG (NextPowerGen Co.Ltd) CEO Houn Soo Kim and his team of top engineers from Samsung Electronics have built high-end servers for Intel, EMC and Sun Microsystems. Now, with full-time employees of 12, NPG is looking to be a major contender in the Bitcoin mining industry. Bitmain, the dominant player in the industry, may be losing its grip as other companies are gaining market share. CoinDesk reported that in…

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Blockchain Fever: Blockchain Apps Are Sweeping Across South Korean App Market

south korean app

Blockchain Fever Blockchain Apps Are Sweeping Across South Korean App Market By Yim Hyun-su May 20, 2018, 17:05 South Korea’s blockchain fever is reshaping the landscape of the mobile app market, with cryptocurrencies now used in various fields ranging from gaming to medical apps. Blockchain-based apps are the latest big thing in the South Korean IT industry, as IT giants like Kakao and Naver are moving to seize on the trend, according to sources close to the industry. LINE, Naver’s subsidiary that operates a messaging app, is accelerating efforts to…

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