Please share if you find this article interesting. Chip Giant TSMC Expects Strong Demand for Cryptocurrency Mining to Continue - Bitcoin News Mining The world’s largest dedicated semiconductor foundry, TSMC, expects that the bitcoin mining industry will continue to grow this year, fueling an increased demand for its chips. Some analysts now see the cryptocurrency mining sector as offering the highest potential to cover for weak iPhone X sales for Apple’s primary chip supplier. Also Read: Austrian Bitcoin Miner May Seek an IPO on the London Stock Exchange in 2018 Bitcoin X Taiwan Semiconductor Manufacturing Company (TPE: 2330) today reported its Q4 2017 earnings, showing a 10.1% increase in revenue and a 10.4% increase in net income. In total, the Q4 revenue was $9.21 billion
Please share if you find this article interesting. PR: CanonChain - A Universal Decentralized Community Empowering Users - 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 current crypto community is somehow unfair to simple users,” said CanonChain initiator Jin Hailong. “The industry is dominated by big miners and developers. Simple users don’t have any say to propose a change.” Jin Hailong, founder of WiFiSONG.com, a leading company in design of intelligent hardware including Wi-Fi router, iBeacon and othe
Please share if you find this article interesting. First Bitcoin Futures Contract Expires At $10,900, ‘Win for Bears’ The Chicago Board Options Exchange (CBOE)’s first Bitcoin futures contract closed Wednesday, Jan. 17, at $10,900 after a relatively turbulent week in the crypto market had briefly brought Bitcoin’s (BTC) price below $10,000. By Jan. 9, there were 1,907 short position contracts for Bitcoin futures on CBOE. When the futures closed on Jan. 16, BTC had gone down about 36 percent. Reuters reported on the futures contract closing as a “win for bitcoin bears over the bulls.” CBOE chief executive Ed Tilly told the Financial Times: “[The] market experienced a smooth operational close and the settlement process worked as designed.” CBOE launched the BTC futures trading on
Please share if you find this article interesting. Bitcoin Is Back Above $11,500, But Bulls Not Out of the Woods Yet Despite a sharp price recovery to over $11,500 today, bitcoin's bulls are not out of the woods yet, the price charts suggest. Coindesk's Bitcoin Price Index (BPI) has climbed 25.9 percent from the eight-week low of $9,199.59 hit yesterday at 15:44 UTC. As of writing, bitcoin (BTC) is trading at $11,590 levels. The world's largest cryptocurrency by market capitalization has appreciated by 8 percent in the last 24 hours, according to data source OnChainFX. However, the investor community isn't convinced by the move, and comments on social media show that some believe the overnight recovery is nothing more than a "dead cat bounce." The price chart analysis indicates ...
Please share if you find this article interesting. Green Light for Crypto: Market Gets Back on Its Feet For the umpteenth time, Bitcoin was declared dead this week as the cryptocurrency market took a major dive in value. Bitcoin dipped below $10,000 as others followed suit with even bigger drops as the panic spread about a burst bubble. However, the negative charts across the board took a positive turn as most of the numbers turned green across the major coins. The crypto market has generally been in a downturn since Bitcoin hit the $20,000 mark, but this recent collapse ignited genuine fear and panic. Bloodbath across the board As the adage goes, a rising tide floats all boats, and conversely, the same happens when the tide drains. In other words, when Bitcoin is up, many coins ...
Please share if you find this article interesting. Social Network Yours.org Raises $1.5m to Introduce Cryptocurrency to the Masses - Bitcoin News News Crypto-focused social network Yours.org, which enables contributors to earn bitcoin cash for creating content, is poised to ramp up its operations after securing $1.5 million. The Series A funding, courtesy of mining specialists Bitmain and Nchain, will aid the site’s operators in their mission to educate the masses about cryptocurrency and use it in their daily lives. Also read: Bitcoin Cash Tip Bot ‘Tippr’ Distributes Thousands of Micropayments Bitmain Directs a Fraction of Its Mining Profits Towards a Good Cause Yours.org, the brainchild of prominent bitcoiner Ryan X Charles, has been one of the most successful sites to hav
Please share if you find this article interesting. South Korea: Gov’t Officials Accused of Crypto Insider Trading The past week of confusion and friction over cryptocurrency regulation in South Korea continues to unfold as accusations surface of government officials practicing insider trading, local news source Chosun reports. According to the local reports on Thursday, Jan. 18, some government officials from the Financial Supervisory Service (FSS), who were aware of forthcoming announcements about either a full ban or significant restrictions on trading, bought and sold cryptocurrency just before that information went public. FSS chief Choi Hyung-sik confirmed the suspicions in a meeting Thursday, admitting: “We have confirmed the intelligence. We have confirmed that some publi
Please share if you find this article interesting. St. Louis Fed Sees Future in Crypto As Important Asset Class, Bitcoin As Digital Gold The Federal Reserve Bank of St. Louis has published a paper entitled “A Short Introduction to the World of Cryptocurrencies” with an overall favorable assessment of digital currency and Blockchain applications for the future. The paper, written by Aleksander Berentsen and Fabian Schär, begins with a humorous comparison of the Bitcoin (BTC) system to the island of Yap. The small island population had to keep a virtual ledger of who owned what currency, because their units of value were large, almost unmoveable stones that would remain in one place, regardless of ownership, and could be lost at sea. The researchers then go into technical detail of
Please share if you find this article interesting. Another FUD String to JP Morgan Bow: Governments Will Ban Bitcoin, Mike Bell In what looks like another well-timed attack out of JP Morgan, another one of their top men have made broad and sweeping statements against cryptocurrencies. Global Market Strategist Mike Bell has said that governments will eventually ban cryptocurrencies. The market is in a precarious space at the moment as confusion in Korea keeps people on edge with the uncertainty over a supposed ban. This is not the first time a JP Morgan man has timed its vitriol against Bitcoin in the wake of external factors. CEO Jamie Dimon said Bitcoin was a fraud in the wake of the China ban. Hinting at a global ban Speaking to Bloomberg, Bell made some broad statements about ...
Please share if you find this article interesting. New US $65 Million Bitcoin Mining Facility is Among Largest Data Centers in North America - Bitcoin News Featured Virginia Beach, Virginia isn’t exactly known as a hotbed of bitcoin mining activity, but that appears to be changing, and soon. A local company has sunk 65 million USD into a giant facility, as the resort town attempts to become a hub for data centers. Also read: Have Lunch with Bitcoin Jesus in Paradise 65 Million USD Mining Facility is Nearly Completed It almost wasn’t to be. Local firm Bcause, LLC was actually looking to plunk down their 65 million dollars elsewhere. And then its hometown, Virginia Beach, Virginia cut business property taxes for data centers at the end of last year, according to The Virginian-