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Responding to strong market demand, AMD is planning to increase production of graphics cards which are currently in short supply. The recently launched RX Vega GPUs have virtually disappeared from shelves, with crypto mining gaining popularity among investors and enthusiasts. The revenue from the company’s Graphics Division has reached almost a billion dollars in the last quarter of 2017. Recognizing the shortages, AMD is trying to satisfy both gamers and miners. Also read: Hydro-Quebec Unable to Meet Energy Demand From Cryptocurrency Miners More GPU Power Needed Increasing interest in cryptocurrency…

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Following the recent announcement that Tether received a subpoena from the United States Commodity Futures Trading Commission on the 6th of December, it has become apparent that over one-third of the total supply of Tether was created after the date of the subpoena’s delivery. Also Read: U.S. Regulators Send Tether and Bitfinex Subpoenas Supply of USDT Increases Significantly Following December 6th Subpoena Earlier this week, it was reported that Bitfinex and Tether had been sent subpoenas by the United States Commodity Futures Trading Commission (CFTC) on December 6th, 2017. Although further details…

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The Bee Token, 2018’s most eagerly anticipated and oversubscribed ICO, has had a disastrous start to its crowdsale. Over 100,000 people had applied to be whitelisted, and the anticipation in the group’s Telegram channel was palpable. The moment the public sale launched on Monday, everything fell to pieces as phishing emails successfully stole over $400,000 in ether and counting. To compound matters, The Bee Token team went into denial about the extent of the problem, exacerbating the community’s losses and causing widespread anger. Also read: Neo ICOs Make a Shaky Start…

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Venezuela’s oil-backed cryptocurrency, the petro, is a step closer to reality following the release of the official whitepaper. The eagerly anticipated document outlines the token model and crowdsale mechanism that will be used to launch the ethereum-based project in February. Having been officially signed off by president Nicolás Maduro, the whitepaper is finally available for scrutiny and it doesn’t disappoint. Also read: Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency Petro The $5 Billion ICO Bigger than Filecoin. Bigger than Tezos. Bigger than Telegram, EOS, and all the rest. In…

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A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of 191 bitcoins. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin’s Status Re-Examined The Suwon District Court in South Korea has, for the first time, recognized that bitcoin has an economic value and can be confiscated, local media reported on Tuesday. The ruling concerns the case involving Ahn who was arrested in…

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Venezuela’s president Nicolás Maduro has announced the pre-sale of his country’s national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro’s whitepaper and unveiled the Petro Container for mining the new currency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Pre-Sale of Petro During the meeting of the council of ministers on Tuesday, Maduro announced that the pre-sale of Venezuela’s national cryptocurrency, the petro, will begin on February 20. Meeting where Maduro announced the pre-sale of the petro. “We have reached the…

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South Korea’s government has confirmed it has “no intention” of banning or “suppressing” cryptocurrency trading in fresh comments on the industry. ‘No Intention To Ban’ In comments Wednesday quoted by Reuters, finance minister Kim Dong-yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the country. Kim had faced a 200,000-strong petition demanding he be fired from his position after the comments, which along with those by justice minister Park Sang-ki, sent shock waves through cryptocurrency markets…

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Japan’s popular chat app, Line, has announced that they have filed to launch a cryptocurrency exchange within the app. While some countries are clamping down on cryptocurrency and exchanges, Japan has opened their doors. This had led to a marked rise in crypto-related businesses seeking to do business within the country. Of course, there are home-grown businesses looking to hop on board the crypto train as well. The latest to do so is Line, the popular chat app, who has filed an application to open up an cryptocurrency exchange within…

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After much “will they or won’t they”, the South Korean government has finally implemented cryptocurrency trading regulations. What will that mean for the crypto market? Let’s find out. The big news in the cryptocurrency space today is that the long-awaited South Korean regulations have come into effect. This is a topic that made headlines earlier this month when rumors that the South Korean government would implement an outright ban on cryptocurrency hit the press. These rumors subsequently turned out to be false, but not before kicking off a strongly bearish…

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