New Study Finds That Bitcoin Mining Consumes Far Less Energy Than Previous Estimates
Christopher Bendiksen and Samuel Gibbons from Coinshares Research released an analysis of the Bitcoin mining network on 21 May 2018 and found that Bitcoin mining consumes 35 TWh annually, 0.14% of global capacity and less than the energy consumption the tiny European nation of Luxembourg. This is less than half of the 71 TWh estimated by Digicononomist, which would be 0.32% of global consumption and comparable to the large South American nation of Chile.
Read full article at https://bitcoinnews.com/new-study-finds-that-bitcoin-mining-consumes-far-less-energy-than-previous-estimates/
Topic: BitcoinNews: #1 In Blockchain News - page 43. (Read 4529 times)
Zero Correlation Between Stock Market and Bitcoin Price According to Financial Research Expert
The Director of Research at Pension Partners, Charlie Bilello, has found zero correlation between the S&P stock market index and the price of Bitcoin in data stretching back to 2010. This debunks a popular theory that Bitcoin and the stock market were correlated since they both reached record highs near the beginning of 2018. Since May 2018 the stock market has been moving upwards while the Bitcoin market has gone downwards, totally opposite of the theory that Bitcoin and stocks move up and down together.
Read full article at https://bitcoinnews.com/zero-correlation-between-stock-market-and-bitcoin-price-according-to-financial-research-expert/
The Director of Research at Pension Partners, Charlie Bilello, has found zero correlation between the S&P stock market index and the price of Bitcoin in data stretching back to 2010. This debunks a popular theory that Bitcoin and the stock market were correlated since they both reached record highs near the beginning of 2018. Since May 2018 the stock market has been moving upwards while the Bitcoin market has gone downwards, totally opposite of the theory that Bitcoin and stocks move up and down together.
Read full article at https://bitcoinnews.com/zero-correlation-between-stock-market-and-bitcoin-price-according-to-financial-research-expert/
McKinsey: China, UAE, Estonia, US Leading Blockchain and AI Towards a Tech Utopia
McKinsey experts suggest that by 2020, the number of smart cities will reach 600 worldwide according to Bitcoinschannel.
These cities are happening right now with China, UAE, Estonia and the US clear forerunners in the McKinsey analysts’ prediction of 600 metropolia in the next two years.
Read full article at https://bitcoinnews.com/mckinsey-china-uae-estonia-us-leading-blockchain-and-ai-towards-a-tech-utopia/
McKinsey experts suggest that by 2020, the number of smart cities will reach 600 worldwide according to Bitcoinschannel.
These cities are happening right now with China, UAE, Estonia and the US clear forerunners in the McKinsey analysts’ prediction of 600 metropolia in the next two years.
Read full article at https://bitcoinnews.com/mckinsey-china-uae-estonia-us-leading-blockchain-and-ai-towards-a-tech-utopia/
Blockchain Jobs are Number One In US – Upworks Skills Index
The number one position on Upworks US skills index is now blockchain expertise, making these the most sought-after positions with current employers, writes Forbes.
The Upworks index is a strong indicator of the rising need within the US professional’s employment market for employees with blockchain experience and also is a gauge which indicates that blockchain has arrived and it is clearly not going away any time soon. According to Burning Glass Technologies, there were more than 5,743 jobs posted needing blockchain skills in the last 12 months.
Read full article at https://bitcoinnews.com/blockchain-jobs-are-number-one-in-us-upworks-skills-index/
The number one position on Upworks US skills index is now blockchain expertise, making these the most sought-after positions with current employers, writes Forbes.
The Upworks index is a strong indicator of the rising need within the US professional’s employment market for employees with blockchain experience and also is a gauge which indicates that blockchain has arrived and it is clearly not going away any time soon. According to Burning Glass Technologies, there were more than 5,743 jobs posted needing blockchain skills in the last 12 months.
Read full article at https://bitcoinnews.com/blockchain-jobs-are-number-one-in-us-upworks-skills-index/
$6 Trillion Asset Manager BlackRock Explores Crypto PotentialM
Asset managing giant BlackRock is rumored to be considering moves into cryptocurrency, writes Cryptoglobe.
Citing a report in the Financial News, the company, which is the world’s largest asset manager with assets under management of over USD 6.3 trillion as of November 2017, is said to be putting together a team of experts in the field to investigate blockchain and cryptocurrencies.
Read full article at https://bitcoinnews.com/6-trillion-asset-manager-blackrock-explores-crypto-potential/
Video https://m.youtube.com/watch?v=xhLMoaOXgC8
Asset managing giant BlackRock is rumored to be considering moves into cryptocurrency, writes Cryptoglobe.
Citing a report in the Financial News, the company, which is the world’s largest asset manager with assets under management of over USD 6.3 trillion as of November 2017, is said to be putting together a team of experts in the field to investigate blockchain and cryptocurrencies.
Read full article at https://bitcoinnews.com/6-trillion-asset-manager-blackrock-explores-crypto-potential/
Video https://m.youtube.com/watch?v=xhLMoaOXgC8
Russia Whitelists 50 Crypto Companies, but Rules Still on Hold
A register of 50 whitelisted companies has been compiled by the Russian Association of Cryptocurrencies and Blockchain, reports Bitcoin.com.
The list of companies, consisting of firms which are either approved and awaiting verification by the Russian regulators, includes cryptocurrency sectors from crypto mining to ICOs.
Read full article at https://bitcoinnews.com/russia-whitelists-50-crypto-companies-but-rules-still-on-hold/
Video https://m.youtube.com/watch?v=3_ihhGZbBxg
A register of 50 whitelisted companies has been compiled by the Russian Association of Cryptocurrencies and Blockchain, reports Bitcoin.com.
The list of companies, consisting of firms which are either approved and awaiting verification by the Russian regulators, includes cryptocurrency sectors from crypto mining to ICOs.
Read full article at https://bitcoinnews.com/russia-whitelists-50-crypto-companies-but-rules-still-on-hold/
Video https://m.youtube.com/watch?v=3_ihhGZbBxg
NEM Strengthens Regional Foothold with Two New Blockchain Hubs in Australasia
Creators of the XEM digital currency NEM have announced that the company is to open two blockchain hubs in Australia and New Zealand.
The Australian hub will be located in Brisbane at Fortitude Valley and its New Zealand counterpart will be established in Westport. NEM Foundation’s director for Australia and NZ, Jason Lee, said that both hubs will be represented by a NEM staff member in place with a role to “educate and inform the general public and businesses about the benefits and applications of blockchain”.
Read full article at https://bitcoinnews.com/nem-strengthens-regional-foothold-with-two-new-blockchain-hubs-in-australasia/
Video https://m.youtube.com/watch?v=HJ6ebfx0878
Creators of the XEM digital currency NEM have announced that the company is to open two blockchain hubs in Australia and New Zealand.
The Australian hub will be located in Brisbane at Fortitude Valley and its New Zealand counterpart will be established in Westport. NEM Foundation’s director for Australia and NZ, Jason Lee, said that both hubs will be represented by a NEM staff member in place with a role to “educate and inform the general public and businesses about the benefits and applications of blockchain”.
Read full article at https://bitcoinnews.com/nem-strengthens-regional-foothold-with-two-new-blockchain-hubs-in-australasia/
Video https://m.youtube.com/watch?v=HJ6ebfx0878
London Mosque Exceeds Ramadan Crypto Donations Target
A London mosque has announced that it has successfully reached and exceeded its target of donations over the Ramadan period which consisted mainly of cryptocurrency, according to Bitcoinist.
Bitcoin News reported in May that the first mosque for Turkish Cypriots in the UK, the Masjid Ramadan, had decided to accept Ethereum in order to carry out essential repairs.
Read full article at https://bitcoinnews.com/london-mosque-exceeds-ramadan-crypto-donations-target/
Video https://m.youtube.com/watch?v=_ueuA91fmIw
A London mosque has announced that it has successfully reached and exceeded its target of donations over the Ramadan period which consisted mainly of cryptocurrency, according to Bitcoinist.
Bitcoin News reported in May that the first mosque for Turkish Cypriots in the UK, the Masjid Ramadan, had decided to accept Ethereum in order to carry out essential repairs.
Read full article at https://bitcoinnews.com/london-mosque-exceeds-ramadan-crypto-donations-target/
Video https://m.youtube.com/watch?v=_ueuA91fmIw
Reserve Bank of India Clarifies Why It Targeted Crypto
The Reserve Bank of India has finally clarified its position on cryptocurrencies following this year’s crypto banking ban, writes Bitcoin.com.
The clarification has come due to a request by the Internet and Mobile Association of India (IAMAI) following that organization’s submission to India’s Supreme Court contesting the ban.
Read full article at https://bitcoinnews.com/reserve-bank-of-india-clarifies-why-it-targeted-crypto/
Video https://m.youtube.com/watch?v=-zHPC5tOQHQ
The Reserve Bank of India has finally clarified its position on cryptocurrencies following this year’s crypto banking ban, writes Bitcoin.com.
The clarification has come due to a request by the Internet and Mobile Association of India (IAMAI) following that organization’s submission to India’s Supreme Court contesting the ban.
Read full article at https://bitcoinnews.com/reserve-bank-of-india-clarifies-why-it-targeted-crypto/
Video https://m.youtube.com/watch?v=-zHPC5tOQHQ
Exponential Bitcoin Hash Rate Growth Increases 51% Attack Vulnerability for Other SHA-256 Crypto
Bitcoin’s mining hash rate has seen exponential growth due to the massive increase in Bitcoin’s price long term combined with the advancement of mining chip technology. This has created a feedback loop where miners compete with each other to buy the most mining equipment possible to get the most profits, causing less profits for the same amount of hash rate, causing miners to buy more equipment to keep up, and so on and so forth. Bitcoin’s mining hash rate has grown so large that it would be quite easy for a large Bitcoin miner to conduct a 51% attack on any other SHA-256 cryptocurrency.
Read full article at https://bitcoinnews.com/exponential-bitcoin-hash-rate-growth-increases-51-attack-vulnerability-for-other-sha-256-crypto/
Video https://m.youtube.com/watch?v=pOq1PUU8_cM
Bitcoin’s mining hash rate has seen exponential growth due to the massive increase in Bitcoin’s price long term combined with the advancement of mining chip technology. This has created a feedback loop where miners compete with each other to buy the most mining equipment possible to get the most profits, causing less profits for the same amount of hash rate, causing miners to buy more equipment to keep up, and so on and so forth. Bitcoin’s mining hash rate has grown so large that it would be quite easy for a large Bitcoin miner to conduct a 51% attack on any other SHA-256 cryptocurrency.
Read full article at https://bitcoinnews.com/exponential-bitcoin-hash-rate-growth-increases-51-attack-vulnerability-for-other-sha-256-crypto/
Video https://m.youtube.com/watch?v=pOq1PUU8_cM
Former Goldman Sachs Executive Says He Would Put His Mother’s Money Into Bitcoin
The former Vice President of the Investment Management Division at major Wall Street financial firm Goldman Sachs, Christopher Mattis, said in an interview on CNBC that he would invest his mother’s money into Bitcoin. He is now the Co-Founder of Crescent Crypto Asset Management and expects Bitcoin’s price to return to USD 15,000.
Read full article at https://bitcoinnews.com/former-goldman-sachs-executive-says-he-would-put-his-mothers-money-into-bitcoin/
Video https://m.youtube.com/watch?v=cGvRSXmBIdI
The former Vice President of the Investment Management Division at major Wall Street financial firm Goldman Sachs, Christopher Mattis, said in an interview on CNBC that he would invest his mother’s money into Bitcoin. He is now the Co-Founder of Crescent Crypto Asset Management and expects Bitcoin’s price to return to USD 15,000.
Read full article at https://bitcoinnews.com/former-goldman-sachs-executive-says-he-would-put-his-mothers-money-into-bitcoin/
Video https://m.youtube.com/watch?v=cGvRSXmBIdI
Moon Zebra Launches Malta’s First Two-Way Bitcoin ATM
Moon Zebra has installed the first two-way Bitcoin ATM in Malta. The two-way Bitcoin ATMs allow users to both buy Bitcoin with fiat and to convert Bitcoin back to fiat, and are far rarer than typical one-way Bitcoin ATMs that only allow users to buy Bitcoin with fiat. Even though this is only the 4th Bitcoin ATM installed in Malta, it is a major positive step for Malta, which has been called ‘Blockchain Island’ by many for its extremely favorable stance towards crypto and blockchain companies, including giving the world’s biggest crypto exchange Binance a fiat bank account.
Read full article at https://bitcoinnews.com/moon-zebra-launches-maltas-first-two-way-bitcoin-atm/
Video https://m.youtube.com/watch?v=EUhnCel9ttw
Moon Zebra has installed the first two-way Bitcoin ATM in Malta. The two-way Bitcoin ATMs allow users to both buy Bitcoin with fiat and to convert Bitcoin back to fiat, and are far rarer than typical one-way Bitcoin ATMs that only allow users to buy Bitcoin with fiat. Even though this is only the 4th Bitcoin ATM installed in Malta, it is a major positive step for Malta, which has been called ‘Blockchain Island’ by many for its extremely favorable stance towards crypto and blockchain companies, including giving the world’s biggest crypto exchange Binance a fiat bank account.
Read full article at https://bitcoinnews.com/moon-zebra-launches-maltas-first-two-way-bitcoin-atm/
Video https://m.youtube.com/watch?v=EUhnCel9ttw
Latest Report Shows US at Top of Most Favorable Countries for ICOs
The US has been ranked as the “most favorable” country for Initial Coin offerings (ICOs) according to a recent report linked to the Crypto Finance Conference, writes Cointelegraph.
According to the report, figures show that the US has seen 30 crypto start-ups launched, along with Switzerland and Singapore in the top three with 15 and 11 project launches respectively. The data was compiled by examining 100 ICO’s worldwide in terms of fundraising and designating their countries of origin.
Read full article at https://bitcoinnews.com/latest-report-shows-us-at-top-of-most-favorable-countries-for-icos/
Video https://m.youtube.com/watch?v=TvGW6-mxQNo
The US has been ranked as the “most favorable” country for Initial Coin offerings (ICOs) according to a recent report linked to the Crypto Finance Conference, writes Cointelegraph.
According to the report, figures show that the US has seen 30 crypto start-ups launched, along with Switzerland and Singapore in the top three with 15 and 11 project launches respectively. The data was compiled by examining 100 ICO’s worldwide in terms of fundraising and designating their countries of origin.
Read full article at https://bitcoinnews.com/latest-report-shows-us-at-top-of-most-favorable-countries-for-icos/
Video https://m.youtube.com/watch?v=TvGW6-mxQNo
Chile Appeals Court Slams Bank for Closing Exchange Account, Mounts Pressure on Banking Institutions
A court of appeal in Chile has recently overturned an action taken by a major bank to close the account of a cryptocurrency exchange, as the pressure is mounting on banks to justify punitive actions against the industry.
The Fourth Chamber of the Court of Appeals of Santiago has ruled in favor of OrionX cryptocurrency exchange, one of several appeals for similar cases against five other banks by cryptocurrency exchanges in the country.
Read full article at https://bitcoinnews.com/chile-appeals-court-slams-bank-for-closing-exchange-account-mounts-pressure-on-banking-institutions/
Video https://m.youtube.com/watch?v=ETIKKsQRD00
A court of appeal in Chile has recently overturned an action taken by a major bank to close the account of a cryptocurrency exchange, as the pressure is mounting on banks to justify punitive actions against the industry.
The Fourth Chamber of the Court of Appeals of Santiago has ruled in favor of OrionX cryptocurrency exchange, one of several appeals for similar cases against five other banks by cryptocurrency exchanges in the country.
Read full article at https://bitcoinnews.com/chile-appeals-court-slams-bank-for-closing-exchange-account-mounts-pressure-on-banking-institutions/
Video https://m.youtube.com/watch?v=ETIKKsQRD00
Possible Addition of 6 Cryptos, New Coinbase Blog Post Reveals
Coinbase recently published a new blog post stating the possible addition of several new cryptocurrencies to their platform.
The assets in consideration are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). The announcement was made at the same time within Coinbase and publicly to remain transparent, and perhaps to avoid a similar situation when Bitcoin Cash was added.
Read full article at https://bitcoinnews.com/possible-addition-of-6-cryptos-new-coinbase-blog-post-reveals/
Video https://m.youtube.com/watch?v=jXpIAz6WR18
Coinbase recently published a new blog post stating the possible addition of several new cryptocurrencies to their platform.
The assets in consideration are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). The announcement was made at the same time within Coinbase and publicly to remain transparent, and perhaps to avoid a similar situation when Bitcoin Cash was added.
Read full article at https://bitcoinnews.com/possible-addition-of-6-cryptos-new-coinbase-blog-post-reveals/
Video https://m.youtube.com/watch?v=jXpIAz6WR18
London Gallery Owner Helps Crypto Wealthy Make Expensive Choices
There is an increasing number of platforms being launched to help wealthy consumers part with their cryptocurrency, usually on luxury items, writes the China Morning Post.
Such entrepreneurs have created a business seemingly out of very little, but nonetheless, they are serving a specific crypto elite and creating a thriving retailer-consumer database.
Read full article at https://bitcoinnews.com/london-gallery-owner-helps-crypto-wealthy-make-expensive-choices/
Video https://m.youtube.com/watch?v=SSlHhNXvp0M
There is an increasing number of platforms being launched to help wealthy consumers part with their cryptocurrency, usually on luxury items, writes the China Morning Post.
Such entrepreneurs have created a business seemingly out of very little, but nonetheless, they are serving a specific crypto elite and creating a thriving retailer-consumer database.
Read full article at https://bitcoinnews.com/london-gallery-owner-helps-crypto-wealthy-make-expensive-choices/
Video https://m.youtube.com/watch?v=SSlHhNXvp0M
Chinese Inventors Create DLT Virtual Museum to Conserve Artefacts Digitally
China’s Tsinghua University researchers have come up with an ingenious scheme to enable the protection of country’s cultural heritage and artifacts using blockchain technology, according to Coindesk.
Read full article at https://bitcoinnews.com/chinese-inventors-create-dlt-virtual-museum-to-conserve-artefacts-digitally/
Video https://m.youtube.com/watch?v=7P89gDvz_2k
China’s Tsinghua University researchers have come up with an ingenious scheme to enable the protection of country’s cultural heritage and artifacts using blockchain technology, according to Coindesk.
Read full article at https://bitcoinnews.com/chinese-inventors-create-dlt-virtual-museum-to-conserve-artefacts-digitally/
Video https://m.youtube.com/watch?v=7P89gDvz_2k
Bitcoin Used by Russia To Hack 2016 US Elections, New Indictment Reveals
A 29-page Indictment has been released recently, stating Bitcoin’s huge role when it came to Russian interference in the 2016 US presidential elections.
The documents accuse 12 Russian agents of hacking into Democratic Congressional Campaign Committee’s computers and stealing information of over 500,000 voters. Aides close to Hillary Clinton were then tricked into handing over this information by the Russian intelligence officers.
Read full article at https://bitcoinnews.com/bitcoin-used-by-russia-to-hack-2016-us-elections-new-indictment-reveals/
Video https://m.youtube.com/watch?v=EA8nuNoJ1eM
A 29-page Indictment has been released recently, stating Bitcoin’s huge role when it came to Russian interference in the 2016 US presidential elections.
The documents accuse 12 Russian agents of hacking into Democratic Congressional Campaign Committee’s computers and stealing information of over 500,000 voters. Aides close to Hillary Clinton were then tricked into handing over this information by the Russian intelligence officers.
Read full article at https://bitcoinnews.com/bitcoin-used-by-russia-to-hack-2016-us-elections-new-indictment-reveals/
Video https://m.youtube.com/watch?v=EA8nuNoJ1eM
MLB Launching Crypto Baseball On Ethereum Blockchain
Major League Baseball (MLB), which launched in 1903 but has roots all the way back to 1876, making it the longest-running major professional sports league in North America, is entering the crypto space. MLB is launching Crypto Baseball via a partnership with Lucid Sight, and the platform will facilitate the trading of official MLB collectibles on the Ethereum blockchain. MLB Crypto Baseball has the potential to rival or exceed CryptoKitties’ popularity, which has made USD 25 million in revenues since its launch and is the biggest Ethereum blockchain-based game so far.
Read full article at https://bitcoinnews.com/mlb-launching-ethereum-blockchain-crypto-baseball/
Video https://m.youtube.com/watch?v=_bAwOJ5Fazw
Major League Baseball (MLB), which launched in 1903 but has roots all the way back to 1876, making it the longest-running major professional sports league in North America, is entering the crypto space. MLB is launching Crypto Baseball via a partnership with Lucid Sight, and the platform will facilitate the trading of official MLB collectibles on the Ethereum blockchain. MLB Crypto Baseball has the potential to rival or exceed CryptoKitties’ popularity, which has made USD 25 million in revenues since its launch and is the biggest Ethereum blockchain-based game so far.
Read full article at https://bitcoinnews.com/mlb-launching-ethereum-blockchain-crypto-baseball/
Video https://m.youtube.com/watch?v=_bAwOJ5Fazw
The United Nations’ Secretary-General Has Blockchain Firmly on the Agenda
The United Nations has put together a panel of 20 experts in order to investigate how blockchain can impact global economics.
The panel was initiated by The United Nations’ (UN) Secretary-General António Guterres. The group which comprises of 20 figures from major sectors including industry and academia will examine digital technologies in general with a particular focus on blockchain technology.
Read full article at https://bitcoinnews.com/the-united-nations-secretary-general-has-blockchain-firmly-on-the-agenda/
Video https://m.youtube.com/watch?v=maUJthTYvL4
The United Nations has put together a panel of 20 experts in order to investigate how blockchain can impact global economics.
The panel was initiated by The United Nations’ (UN) Secretary-General António Guterres. The group which comprises of 20 figures from major sectors including industry and academia will examine digital technologies in general with a particular focus on blockchain technology.
Read full article at https://bitcoinnews.com/the-united-nations-secretary-general-has-blockchain-firmly-on-the-agenda/
Video https://m.youtube.com/watch?v=maUJthTYvL4
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