Graphic card makers from Taiwan to see shipments plunge 40%

mining cards

Taiwan-based graphics card makers including Gigabyte Technology, Micro-Star International (MSI) and TUL are expected to see their shipments for April plunge over 40% on month, as many clients have suspended taking shipments in response to drastic slowdown in demand for cryptocurrency mining machines, according to industry sources. Channel distributors and larger mining farm operators have cut orders with makers of mining graphics cards and mining motherboards or asked them to suspend shipments due to the crypto mining craze waning abruptly from the beginning of April, the sources said. Quite a…

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Nasdaq would consider creating a crypto exchange

Nasdaq

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Friedman remarked, adding: “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors… I believe that digital currencies will continue to persist it’s just a matter of…

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Tianjin police seize 600 bitcoin mining computers

Mining rigs

Police in north China’s Tianjin Municipality have confiscated 600 bitcoin mining computers after the local power grid reported abnormal electricity consumption. Eight high-power fans were also seized, local police said on Tuesday, adding that it was the largest power theft case in recent years. The power company monitored recent sudden increases in line loss on one electricity line, up to 28 per cent at the peak. The phenomenon is usually closely related with increased load current. An investigation found that the junction box of the suspected power user’s electricity meter…

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Dubai ArtBank to use cryptocurrency instead of cash

Dubai 10X

Dubai ArtBank establishes the emirate as a technology pioneer in the global creative economy. The Dubai ArtBank, the world’s first digital bank for art, has established the emirate as a technology pioneer in the global creative economy. The art bank was launched by the Dubai Culture & Arts Authority (Dubai Culture) during the 12 edition of Art Dubai held in March. Shaikha Latifa Bint Mohammad Bin Rashid Al Maktoum, Vice-Chairman of Dubai Culture, said the art bank reinforces Dubai’s growing role as a global art hub. The ArtBank introduces an…

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NASA funds blockchain autonomous spacecraft

NASA spacecraft

The National Aeronautics and Space Administration (NASA) has awarded a new grant that supports the development of an autonomous spacecraft that could make decisions using Blockchain technology without human intervention, news outlet Space.com reported April 18. Jin Wei Kocsis, an assistant professor of electrical and computer engineering at the University of Akron, Ohio, received a $330,000 NASA grant to support her research. Kocsis said that the research program will examine the application of Ethereum-based Blockchain technology in developing a secure computing system to be used in deep space: “In this…

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Kraken’s exodus from Japan

Kraken Japan

Kraken, one of the longest-operating cryptocurrency exchanges in the world, is pulling out of Japan. Kraken attributed the exit to the rising cost of doing business in the country, but said that it might return in the future. The exact dates for suspending trading and funding have not been determined yet, and the San Francisco-based exchange promised to contact its clients residing in Japan when this happens. According to Kraken’s statement, which was leaked on Twitter, the suspension of services for Japanese residents will allow the company to shift its…

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Russian court bans Telegram

Telegram privacy

A Russian court has levied an official ban against messaging app Telegram, just weeks after its initial coin offering (ICO) presale raised nearly $2 billion in two private funding rounds. Tagansky court judge Yuliya Smolina ruled against Telegram on Friday, siding with communications regulator Roskomnadzor’s request for the authorization to block access to the app on the grounds that the company had refused to comply with local laws. Intelligence officials with the FSB Federal Security service had repeatedly demanded that Telegram hand over its encryption keys, which would have allowed…

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Taobao bans listing of cryptocurrency and ICO services

TaoBao

Taobao, often known as eBay of China has updated their policy banning Cryptocurrencies, ICOs, and other virtual currency-related services. Taobao is a subsidiary of Chinese eCommerce Giant Alibaba set up in 2003 where individuals and small business can list items for sale within China. Taobao previously had a ban on the sale of Cryptocurrency Miners and offering Mining Tutorials. In addition to that, they have now banned any product or service that makes use of the Blockchain. The new rule prohibits Cryptocurrency related services which include ICO Consultancy, White Paper…

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Boerse Stuttgart launches crypto trading app

Bison trading app

The Bison app, which was developed by Boerse Stuttgart, will be available to cryptocurrency traders in the fall. Germany is taking the lead among retail exchanges tapping into the cryptocurrency base. Sowa Labs, a fintech subsidiary of Boerse Stuttgart, Germany’s second largest stock exchange for retail derivatives, has launched Bison, a mobile app for trading cryptocurrencies. Bison will support trading in bitcoin, Ethereum, Ripple and Litecoin. More coins will be supported soon. The Bison app rivals the likes of Robinhood in that there are zero trading fees. Meanwhile, it’s a…

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Yahoo Japan is buying 40% in cryptoexchange

Yahoo Japan homepage

Yahoo Japan is set to buy a minority stake in Tokyo-based cryptocurrency exchange BitARG with services primed for launch later this year. In significant news out of Japan on Friday, a domestic subsidiary of Yahoo Japan will be acquiring 40% of Tokyo-based cryptocurrency exchange BitARG, paving the way for the tech giant to enter the crypto sector. Yahoo Japan remains among the most popular websites in Japan – ranked at #4 by user traffic in the country and #40 globally – and is also the country’s biggest online auction site.…

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EU partnership to boost blockchain

EU blockchain partnership

The EC is inviting other countries across Europe to join the partnership. As representatives of the European countries gather in Brussels for Digital Day 2018, 22 Member States of the European Commision (EC) have signed a declaration to establish a European Blockchain Partnership. According to the press release, this is a landmark partnership as it will be a “vehicle for cooperation amongst member states to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide [Blockchain] applications across the Digital Single Market for the…

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4000% cryptojacking increase in Q1 of 2018

MalwareBytes report

Android crypto-miners have seen a staggering 4000% increase in the first three months of 2018. To put things in perspective, the total consumer detections have reached 16 million as of the end of March, according to a report issued by Malwarebytes. It seems that last year’s cryptojacking sentiment is still running with full force, as consumer crypto-miners soar 4000% in just the first three months of 2018. Info Security cites Malwarebytes, pointing out the massive increase in Android crypto-miners. Malwarebytes’ Cybercrime Tactics and Techniques report for the first three months…

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How to achieve security of cryptocurrency?

Platon Club cryptosecurity

Nowadays cryptocurrencies are becoming more and more popular. Public is speaking about them more and more. But with the growing interest in virtual currencies there are other issues that people want to be solved. People who choose to invest and to buy the cryptocurrency are also keen on security because they will not end up short. They are looking for the exchange offices or stoking exchanges that have a good name, the highest protection and good security. But to be honest market is still missing such products. Hacker attacks are…

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Monero hard fork appears successful

Monero hard fork

Users of anonymity-focused altcoin Monero (XMR) continue to wait with baited breath after the cryptocurrency hard forked Friday, April 6. In an attempt to protect the cryptocurrency against ASIC miners, the altcoin’s developers successfully completed the transfer to version 7 of Monero, creator Riccardo Spagni confirming the move in typically tongue-in-cheek style on social media: Monero did the thing with the thing. pic.twitter.com/EEwjfZxY0R — Riccardo Spagni (@fluffypony) 6. dubna 2018 The contentious hard fork comes as the Monero community has gained several forks, some ostensibly aiming to preserve the ASIC-compatible…

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Ripple offered Gemini $1 million to list XRP last year

XRP charts

Also offered Coinbase a loan of $100 million worth of XRP. Executives at Ripple have been desperately trying to get a listing at a US exchange, according to a new report from Bloomberg. They offered $1 million cash to Gemini and a loan of $100 million XRP to Coinbase with the option to pay it back in dollars or XRP later. They would have likely made a huge profit by repaying in dollars because the price of the XRP would have likely risen because of the listing. Exchanges, however, declined…

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