Microchip Powerhouse TSMC Credits High Performing Quarter to Cryptocurrency Mining Hardware The world’s largest independent semiconductor foundry, the Taiwan Semiconductor Manufacturing Company (TSMC), has attributed its high performance for the third quarter of 2017 to surging demand for cryptocurrency mining hardware. Also Read: Research Shows Half a Billion People Are Mining Cryptocurrencies Without Knowing It Taiwan Semiconductor Manufacturing Company Saw an Increase in Revenue by 17.9% During the Third Quarter TSMC has credited booming demand for cryptocurrency mining equipment as a significant contributing factor to the company’s excellent performance during the third quarter of 2017. TSMC’s chief financial officer, Lora, Ho, stated that “the strength of our third quarte
Bank of America Files Patent for Blockchain-based Processing System Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process. Based on the patent applications as of mid-October 2017, the bank proposes the use of a Blockchain to facilitate the transferring of large volumes of data while simultaneously tracking the data through the use of cryptographic keys during the transfer process. The system will be able to handle two types of data processing, namely, the actual data transfer itself, and the log of the cryptographic keys identifying each data packet and its present...
Russia's Capital Discusses Issuing Moscowcoin Cryptocurrency - Bitcoin News News As the work on Russia’s national cryptocurrency is underway, the city of Moscow is discussing issuing its own cryptocurrency, the Moscowcoin. This will be possible after the legal framework of cryptocurrencies is established for the whole federation, city officials explained. Also read: Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble Moscowcoin Discussion Vladimir Efimov. The head of the Moscow department of economic policy and development, Vladimir Efimov, confirmed to reporters on Thursday that the issue of the city’s own cryptocurrency, the Moscowcoin, is being discussed. “The Moscow government plans to create its own cryptocurrency,” RNS reported and quoted Efimov a
Digital Currency Looks to Solve Cannabis Industry’s Cash Problem Digital currencies may solve some the legal cannabis industry’s woes by becoming an alternative to cash payments. Despite recent state-level ballot initiatives across the US that legalizes marijuana in one form or another, the drug still remains illegal at the federal level. While it’s unlikely the feds are going to go after legal cannabis dispensaries any time soon, the legal murkiness does create one serious problem. Cash-only Banks won’t deal with cannabis dispensaries. Consider the ramifications. No banking means no payment processing, which means customers can’t use credit or debit cards to make purchases. According to a 2016 survey, 75 percent of customers prefer to pay with credit or debit cards, with only 11 pe
World’s Largest Money Manager Says No Fair Value for Bitcoin Richard Turnhill, the strategist for BlackRock Financial and therefore the largest money manager in the world, owns no Bitcoin, and doesn’t know what a fair price would be. According to a recent interview, the analyst was quick to point out that commodities prices are based on inherent value, and he sees none in cryptocurrencies. The interview includes bullish predictions on effectively everything, from equities to stocks, with the final statement about Bitcoin being the only relatively negative comment. Turnhill made is clear that his position is one based on research. Per the interview: “I would say that cryptocurrencies show many characteristics of a bubble right now, which is [to say] you've seen spectacular price inc
LedgerX Bitcoin Derivatives Trades Explode Past $1 Mln Following Soft Launch The proof, as they say, is in the pudding. The demand for ways to trade Bitcoin beyond simply buying and selling has become crystal clear by the trading spike on the LedgerX platform this past week. In July, LedgerX received full approval from the US Commodity Futures Trading Commission to become a derivatives clearing organization (DCO). While the initial announcement was met with little fanfare, the impact on investors will be massive. The company announced via their blog this week that the platform has gone live with a ‘soft launch.’ The company on boarded several institutions and opened doors for trading. The response was huge, with over $1 mln being trading in the first week alone. According to the c
PR: Cointal, the First Multi-Cryptocurrency Peer-To-Peer Marketplace, Has Launched - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The one website you’ve been waiting for is finally here. Cointal launched their platform some few hours ago, and it looks as promising as they said it to be.Now, we’re only a few clicks away from being able to post offers for buying or selling Bitcoin, Ethereum, Ripple and Litecoin with any payment method we could use. The company affirms that more cryptocurrencies will be made availa
Tezos ICO Class Action Lawsuit In Works as Value Tumbles Tezos, the Tim Draper-backed uncapped ICO which raised over $232 mln in July, has been fraught with major problems ever since. However, matters have begun to come to a head, sending futures prices off a veritable cliff, down some 75%. The major event that sparked the decline was the announcement by the Breitmans on Medium that the Tezos platform was still in the alpha stage, and that investors should not expect a rollout until February 2018 at the earliest. Further, the letter made it clear that there were deep conflicts of interest at the highest levels in the corporation. President Johann Gevers was quick to respond via Reuters, suggesting that the Breitmans were seeking an ‘illegal coup.” What’s an investor to do? With all
Can cryptocurrencies have an inflationary monetary policy? How do cryptocurrencies like Bitcoin fit into the global currency wars? Initially there wasn't enough demand in the economy, but as the reward diminishes over time, bitcoin will have a deflationary monetary policy and simulate a scarce resource like gold. But you can simulate whatever monetary policy you want. Digital currencies are now part of the currency wars, because they are giving people all over the world a choice to exit the currency wars, one of the most powerful choices you can make. Within the currency, Bitcoin will act as the Switzerland of currencies. Even if governments start making them illegal to use, this does not destroy demand. In practice, cryptocurrency use has gone up after a country has banned it...
Research Shows Goldman Sachs and Citi Among Most Active Corporate Investors in Blockchain Research by CB Insights shows that major financial services firms Goldman Sachs, Google and Citi are among the top five most active corporate investors in Blockchain technology. The companies are behind the Japanese group SBI Holdings, technology firm Google, and US-based online retailer Overstock.com. According to the report, financial services companies and major banks were the first corporate adopters of the technology. Part of the report reads: "Big banks and financial services firms were the first corporate players to make direct Blockchain investments en masse - unsurprising, given how Bitcoin’s underlying technology lends itself (both technically and in popular thought) to financial ser