Category: Bitcoin

Unpacking Canaan’s lawsuit against an upstart rival — and what it means for the Bitcoin mining hardware competition

Unpacking Canaan’s lawsuit against an upstart rival — and what it means for the Bitcoin mining hardware competition

Quick Take Canaan’s recent patent lawsuit against AGM Holdings is conceptually similar to the legal war between Bitmain and MicroBT four years ago. It remains to be seen if the “public knowledge” argument by the defendant HighSharp will be able to stand in court. This feature story is available to subscribers of The Block Daily. […]

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Crypto Market’s Loss Turns El Salvador’s Gain, President Bukele Buys the Bitcoin (BTC) Dip Again

Saturday crypto market mayhem saw the valuation of top cryptocurrencies fall in double digits and the market cap fell by nearly 20%. Bitcoin (BTC) dropped to a 2-month low of $42.848 and its market cap fell below $1 trillion, Ethereum (ETH) also fell to a monthly low below $4,000. Source: Coin360 The crypto market bloodbath […]

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Vietnam police expose illegal online gambling ring worth $3.8B

Police from the Ho Chi Minh City of Vietnam have busted an illegal online gambling ring worth $3.8 billion in gambler’s funds. The gambling sites also engaged in the theft of players’ funds during periods of high user activity.  Police in Vietnam have busted the largest cryptocurrency-enabled illegal online gambling ring in the country. Based […]

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Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.” Elizabeth Warren Takes Aim at Bitcoin Mining Operations The […]

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$100M Liquidated in 10 Minutes As Bitcoin Dipped to $51K

$100M Liquidated in 10 Minutes As Bitcoin Dipped to $51K

Bitcoin’s slump continues after experiencing a sharp price decline over the last few hours. The dip caused over $200 million worth of long positions to get liquidated. Earlier today, Bitcoin briefly reached $57.5k at 8: 44am EST, after stagnantly trading within the $56-57k range. The price suddenly fell afterward, dropping hundreds of dollars by the […]

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Ethereum is a better store of value than Bitcoin, academic research shows

Recent research conducted by four Australian researchers concludes that Ethereum is a better store of value than Bitcoin. “Ethereum provides better inflationary hedging properties than Bitcoin, and Ether may therefore offer superior long-term value storage than Bitcoin, ” said the report. Ethereum, the second-largest crypto by market cap, has been tipped by several experts including […]

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Investor Charlie Munger unhappy with booming crypto market, backs China ban

Munger said that he wouldn’t participate in this “insane” crypto boom calling it crazier than the dot-com bubble. He added, “the people who are creating cryptocurrencies are not thinking about the customer, they are thinking about themselves”. Charlie Munger, the legendary investor and vice-chairman at Berkshire Hathaway, is clearly unhappy about the booming state of […]

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Bitcoin Price Analysis: Which Way For BTC As It Consolidates Above $56,500?

Bitcoin (BTC) is trading above $56,000 with a bullish bias amid decreasing price volatility as market participants wait to see the direction the big crypto is likely to take before the year ends. If Bitcoin price moves up, it is likely to confirm the Santa Claus rally thesis that some analysts believe will taken BTC […]

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Russia’s Telecom Watchdog Roskomnadzor Targets Another 6 VPN Providers

Russia’s Telecom Watchdog Roskomnadzor Targets Another 6 VPN Providers

Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information. Roskomnadzor Moves to Block More VPNs in Russia The Russian Federal Service […]

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Charlie Munger Wished Cryptocurrencies Were Never Invented, Anyone Surprised? (Opinion)

Charlie Munger Wished Cryptocurrencies Were Never Invented, Anyone Surprised? (Opinion)

The digital asset industry has marked an impressive year so far as many cryptocurrencies painted all-time high prices. Numerous experts and public figures showed their support, highlighting the merits of the asset class, while global institutions started diversifying their portfolios with bitcoin or some alternative coins. Yet, Charlie Munger – Warren Buffett’s right-hand man – […]

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