Tag Archives for " Impact "

Canadian Bitcoin Miner Hut 8 Reports Q3 Loss

Mining Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million. Also Read: Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading […]

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3.2 GB Block Sizes: Developers Bash Bitcoin Climate Change Study as ‘Fake News’

Bitcoin Core developer Peter Todd joined the backlash against a “fake news” report about Bitcoin’s impact on global warming October 29. This occurred after multiple appearances in mainstream media publications. Nature‘s ‘Naive Assumptions’ Originally published by Nature, the brief report claims that Bitcoin (BTC) 00 mining could help increase temperatures by over 2 degrees Celsius […]

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The SEC Wants to Engage the Crypto Community through FinHub

The launch of FinHub shows that the US Securities Exchange Commission (SEC) is increasingly focusing on 4th Industrial Revolution technologies. Among these technologies, Bitcoin and artificial intelligence (AI) continues to enjoy prominence. Crypto Enthusiasts Can Engage the SEC through FinHub On October 18, 2018, the SEC launched the Strategic Hub for Innovation and Financial Technology (FinHub) to […]

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Spot BTC Markets Shrug CME Settlement, Pantera CEO on Cyclical Sentiment

Markets and Prices In the cryptocurrency markets, the recent settlement of CME futures contracts appears to have exerted little impact on spot BTC prices, the CEO of Pantera Capital has shared his outlook on initial coin offerings, and October has proven to be the least volatile month of 2018, with only a single day producing […]

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Plattsburgh NY Officials Fed Up With Mining Noise Adopt Regulations

Leaders in the town of Plattsburgh, New York, have adopted a law requiring crypto mining operations to hold a special permit. In the meantime, a moratorium on new endeavors is still in effect. Debate over cryptocurrency mining operations and their impact has been a popular talking point among citizens in Plattsburgh New York. In March, […]

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Upcoming ‘Story of Blockchain’ Film Continues Crypto Meets Hollywood Trend

Alex Winter’s new film, “Trust Machine: The Story of Blockchain,” is set for release in late October. The technology documentary is yet another movie chronicling the rise and influence of cryptocurrency and blockchain. Alex Winter became well-known in the world of film after starring in two of the cult-classic “Bill & Ted” movies. In recent […]

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Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’

A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation. Farmers to the Rescue A relatively small cryptocurrency mining operation run by Icelandic math teacher Krista Hennesdottir […]

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Binance Invests in Travel Startup TravelbyBit

Binance announced it has invested $2.5 million USD in Brisbane, Australia based company TravelbyBit. TravelbyBit services the travel and tourism industry, allowing travelers to book their journeys using crypto as payment. TravelbyBit has also built a point-of-sale (POS) terminal for merchants who wish to accept crypto as payment. Binance intends for the cash infusion to […]

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Cryptocurrency Enthusiasm Is Fueling A New Eclectic Arts Culture

Artists are bringing the digital nature of cryptocurrency to life by creating and displaying eclectic and unique pieces that draw inspiration from the buzz around virtual currency. The art world has long been regarded as a stodgy traditional institution that is merely a place for the wealthy. Rapid changes in the technological sphere are now […]

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China, Russia, USA in Race to Use Blockchain for Military Operations

A number of defense officials and armed forces across the globe are starting to look into blockchain’s potential in areas related to military activity. Militaries across the world are always looking for cutting-edge technologies to get a leg up on the competition. Blockchain is certainly not escaping scrutiny. Officials inside of defense agencies are particularly […]

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