Another Report Says Crypto Mining Uses More Power than Traditional Mining

A report published today has stated that mining $1 worth of Bitcoin requires more electricity than mining almost any material traditionally dug from the earth. The authors state that between three million and 15 million tons of carbon emissions have been caused by the sector over the last two years. Another Report into the Environmental Impact of Bitcoin According to research conducted for the Nature Sustainability, a British journal, it requires more energy to create a single dollar’s worth of BTC than it does to mine the same value of…

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Tron (TRX) gets listed on Turkey’s fastest growing crypto trading platform

Tron is continuing spreading its tentacles and increasing its outreach this month as TRX has made it to fastest growing crypto-trading platform of Turkey, Koineks. The news itself was announced by Tron’s CEO himself, Justin Sun, who took to his official Twitter page for the announcement earlier today. Turkey is one of the countries in the world that has taken a big interest in cryptocurrency and Tron has decided to play a major role in encouraging that interest. The Turkish crypto-trading platform, Koineks, has been known to offer more than…

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The Daily: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit

In today’s edition of The Daily, we look at a successful funding round for a developer of a popular cryptocurrency-powered game. We also report on a famous early entrepreneur in the Bitcoin space who has been accused of stealing money to buy Maserati cars, big powerboats and luxury real estate. Also Read: Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert Google and Samsung Invest in Crypto Kitties Developer Dapper Labs — the developer behind Crypto Kitties, the game that famously clogged up the Ethereum network — has…

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Cardano Price Analysis: ADA/USD Buyers In Control, $0.080 Next?

Key Highlights ADA price traded higher recently and broke the $0.0750 resistance against the US Dollar (tethered). There are two bullish trend lines in place with support at $0.0740 and $0.0730 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains well supported and buyers could attempt to push the price towards $0.0800 in the near term. Cardano price is moving nicely against the US Dollar and Bitcoin. ADA/USD is likely to continue higher towards the $0.0800 and $0.0810 levels. Cardano Price Analysis In the…

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Electroneum gets its first Euro/ETN pairing at Liquid by Quoine

At the end of last month, Liquid spoke in favor of Electroneum as they said ETN is a the forefront of crypto adoption. The platform also announced that ETN/Euro pair would be available by November 5th (today). Now the day has come. Quoine is a fintech company founded in 2014 by Mario Gómez-Lozada and Mike Kayamori. Both founders had extensive experience working for the traditional financial system, especially in Japan and the United States. Mr. Kayamori worked for 22 years as investments and business manager, IT and venture capitals in…

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Miners Have Begun Using Asicboost on the Bitcoin Cash Network

Technology & Security On Oct. 22, Bitmain released new firmware for the company’s Antminer mining rigs that enables the use of an optimization known as (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining pools have been using the protocol and 63 Asicboost blocks were mined last week on the network. Also read: Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps Six BCH Pools Are Mining Bitcoin Cash With Overt Asicboost Technology The Asicboost optimization has been steadily making its way into the mining industry and now the protocol…

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Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert

Consumer protection lawyer Jeffrey Berns is the owner and CEO of Blockchains LLC, a company that bought more than 67,000 acres of land in northern Nevada for $170 million earlier this year. On Thursday, he revealed plans to build a crypto city in the desert, claiming to have invested $300 million to make it a reality. Also Read: Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business Welcome to Sandbox City Berns, who focused primarily on class action suits against big financial services companies during his…

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Taiwan Passes Law to Crack Down on Anonymous Cryptocurrency Transactions

The Taiwanese government has amended its laws that regulate cryptocurrency transactions. The revisions reportedly give the country’s Financial Supervisory Commission “the authority to crack down on anonymous virtual currency transactions.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Amendments Passed The Legislative Yuan, Taiwan’s highest legislative body, on Friday passed some amendments to existing laws aimed at regulating cryptocurrency transactions in the country, Focus Taiwan reported. The publication wrote: The amendments to the Money Laundering Control Act and the Terrorism Financing Prevention Act give Taiwan’s Financial Supervisory Commission (FSC) the authority…

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