Bitmain Launches Asicboost Firmware Support for Antminers

Bitmain Launches Asicboost Firmware Support for Antminers
Source: Bitcoin.com

On Oct. 20, Bitmain launched a new firmware upgrade for the company’s Antminer S9 mining rigs that allows for the activation of overt Asicboost. The firm also explained that in roughly one week the company will release overt Asicboost firmware for all BM1387-based models manufactured by Bitmain. The China-based company joins a slew of other cryptocurrency mining organizations that have been overtly processing blocks with the once-controversial Asicboost software. Also read: Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes Bitmain Miners Will Feature Overt Asicboost Technology Bitmain has revealed the firm’s developers have finished creating a new version of firmware for the company’s Antminer S9 mining rigs. Now, S9s have the ability to use overt Asicboost while mining SHA265-based networks like Bitcoin Cash (BCH) and Bitcoin Core (BTC). Well over a year ago the Asicboost technology was considered…

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Johnny Depp Dives into Cryptocurrency with Partnership Deal

Johnny Depp Dives into Cryptocurrency with Partnership Deal
Source: Livebitcoinnews.com

Johnny Depp is entering the cryptocurrency ecosystem by partnering with TaTaTu, a social entertainment platform. A number of celebrities have attached their names to cryptocurrency projects over the last few years. Most of the time, they do not turn out well. The most recent example is that of Floyd Mayweather and DJ Khaled being sued for promoting an ICO that turned out to be a scam. That being said, the latest project to bring a celebrity on board appears legit, raising $575 million in a pre-sale earlier this summer. That particular project is TaTaTu, and they’ve brought aboard a huge Hollywood star, Johnny Depp. Johnny Depp Goes Crypto TaTaTu is a social entertainment platform managed by Andrea Iervolino and is cryptocurrency-centric. The platform uses tokens, which are traded on the Liquid exchange, to pay users and creators. The platform is…

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Bakkt’s Futures Platform Slated to Begin Trading in December

Bakkt’s Futures Platform Slated to Begin Trading in December
Source: Bitocoinmagazine.com

Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission.Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and was, in part, pitched as a solution for day-to-day crypto payments for merchants.It also comes with a promise of daily futures contracts. The Bakkt Daily Bitcoin Futures Contract will allow investors to trade “a physically settled daily futures contract for bitcoin,” according to the announcement. This means that, unlike their CBOE and CME counterparts,…

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Ephrata Initiates Yearlong Ban On Cryptocurrency Operations

Ephrata Initiates Yearlong Ban On Cryptocurrency Operations
Source: Btcmanager.com

Ephrata City joins other U.S. cities like Plattsburgh, Salamanca, and Grant County by banning cryptocurrency operations. According to The Spokesman Review’s article published on October 19, 2018, the Ephrata City Council voted on Wednesday to ban any cryptocurrency developments over the next 12 months because of its impact on residents. Ephrata Council Votes to Block Cryptocurrency Mining The Spokesman-Review noted…Read More. The post by Cindy Huynh appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Bitcoin and Litecoin Now Accepted at This New Jersey Italian Restaurant

Bitcoin and Litecoin Now Accepted at This New Jersey Italian Restaurant
Source: Bitcoinist.com

A New Jersey-based Italian restaurant is allowing customers to pay using popular cryptocurrencies – Bitcoin and Litecoin. The establishment situated in Pompton Lakes say the move could help make the business more popular among the younger generation who are most likely to embrace virtual currency payment options. Attracting a Younger Clientele With Bitcoin Monica’s Restaurant in New Jersey is the latest eatery to accept virtual currency as a payment option. According to local media outlet, NorthJersey.com, customers can now pay for the establishment’s Italian cuisine using cryptocurrency. For restaurant owner, Atila Ajdinovski, the move could help open up a new market for the business. Commenting on the matter, Ajdinovski said: Right now, we have an older clientele. Hopefully, it brings in the younger crowd. Paying with either Bitcoin or Litecoin at Monica’s is as simple as scanning a QR code…

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Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws

Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws
Source: Bitocoinmagazine.com

The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws.The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only in the sense that an entity issuing a crypto asset is labeled as a business, while the person purchasing it is a consumer. The report asks several questions about different classes (payment tokens, utility tokens and asset tokens) of digital monies to determine whether they can or should fall under present statutes. For example,…

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DigitalMint to Launch More Crypto ATMs in United States as Acceptance Increases

DigitalMint to Launch More Crypto ATMs in United States as Acceptance Increases
Source: Livebitcoinnews.com

The prevalence of crypto ATMs shows that interest and acceptance are definitely increasing. DigitalMint is hoping to grow this with their cash-only crypto purchasing services. After Bitcoin’s major price run last year, cryptocurrencies gained a lot of interest in the world. More and more people wanted to buy virtual currencies but were unsure how to do it. Entering into this decentralized industry required the assistance of centralized tools like ATMs, which are popping up all over the world. Live Bitcoin News reported on how crypto ATMs have been recently launched in the U.S. states of Minnesota and Utah. Countries in economic distress, like Argentina, also seem to be turning to cryptocurrency as an alternative to its own unstable currency. Greece is another country keen on crypto ATMs as is India, even though the latter is still unclear on the legalities of the industry…

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Genesis Global’s Bitcoin Loans Hit $553M in 6 Months

Genesis Global’s Bitcoin Loans Hit $553M in 6 Months
Source: Bitcoin.com

Genesis Global Trading has released a financial report for the third quarter that shows the U.S. cryptocurrency lender provided $553 million worth of digital asset loans. These were issued to corporate borrowers such as hedge funds and trading firms in the form of BTC, BCH, ETH and other cryptocurrencies.  Also read: World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe Institutional Investors Borrow to Boost Working Capital, Short Cryptocurrencies Genesis Global Trading — an affiliate of Los Angeles-based Genesis Capital — said it has $130 million in active loans outstanding, from a total of $553 million in originations, since it started providing digital currency loans to its customers in March of this year. About 50 percent of the total loan portfolio is denominated in bitcoin core, while 25 percent is ethereum loans, according to an online statement published on Oct….

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Bitmain Releases Overt AsicBoost Firmware for Antminer S9

Bitmain Releases Overt AsicBoost Firmware for Antminer S9
Source: Bitocoinmagazine.com

Bitmain has finally released its firmware for the popular Antminer S9 to enable what is called “overt AsicBoost.”In a recent blog post, Bitmain explains their rationale for the firmware release, citing that they originally “decided against activating this mathematical function in mining hardware” due to the “uncertainty surrounding the use of AsicBoost.” Bitmain previously released support for AsicBoost back in March 2018 by adding support for it on their mining pools BTC.com and Antpool. This, however, came after the company noticed blocks being mined on the blockchain using AsicBoost. Bitmain had not released firmware support for its own miners until yesterday’s blog post. Now, Bitmain has enabled AsicBoost on its own hardware, calling it “overt” because of the obvious use of AsicBoost when it is being used by miners (by looking at the blockheader in a block, it is easy…

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Op Ed: Why Satoshi Nakamoto Deserves a Nobel Prize

Op Ed: Why Satoshi Nakamoto Deserves a Nobel Prize
Source: Bitocoinmagazine.com

Alfred Nobel died with regrets. After making a fortune off of explosives, he indicated in his will that his fortune should be used to make a prize awarded each year to those who “conferred the greatest benefit to humankind.” By all accounts, his namesake award has been a success — winners are curing cancer, ending wars and discovering exotic bosons. Only a handful of humanity has won a Nobel Prize — be it in medicine, physics, chemistry, literature, economics or peace — all of them distinguished for their exceptional work.  Yet the 123-year-old institution has grown increasingly moribund, devolving into a system in which a council of predominantly old men dole out their honors to other old men, often remarkable for their work but relatively unknown outside the small circle of their community. As a result, the prize has grown almost entirely insulated…

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Cloudbric to provide cryptocurrency wallet security for CoinUs

Source: Cryptoninjas.net

CryptoNinjas Cloudbric, an all-inclusive web security solution out of Korea today announced it has signed an agreement with CoinUs, a new multi cryptocurrency wallet system to provide for their wallet security needs. CoinUs is an integrated business platform that places… Cloudbric to provide cryptocurrency wallet security for CoinUs

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3 Reasons to Upgrade to the Latest ZCash Client Right Away

3 Reasons to Upgrade to the Latest ZCash Client Right Away
Source: Themerkle.com

These are pretty exciting times for the ZCash community. A lot of changes are happening in quick succession, and its price seems to be enjoying a relatively positive spell as well. The most recent ZCash wallet upgrade introduces some pretty big changes and improvements which are well worth looking into. #3 HD Key Generation The ZCash Sapling upgrade has been quite exciting to keep an eye on. In the case of the newest ZCash wallet, it seems all native addresses will use HD key generation based on ZIP 32. Transparent and Sprout addresses will still rely on traditional key generation, as there is no real reason to change that particular aspect at this stage. As such, those who want additional privacy can benefit from extra secure key generation support. For users, there is no reason to use any specific prerequisites prior…

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Bitcoin Futures Could Go Live on ICE's Crypto Trading Platform in December

Bitcoin Futures Could Go Live on ICE's Crypto Trading Platform in December
Source: Coindesk.com

The Intercontinental Exchange’s upcoming cryptocurrency trading platform Bakkt will officially launch on December 12, pending regulatory approval. ICE announced Monday that Bakkt could begin offering physically settled bitcoin futures contracts in December, marking the first cryptocurrency-related offering provided through the new platform. Bakkt will hold the bitcoins backing the futures contract in the ICE Digital Asset Warehouse, according to the notice, provided the Commodity Futures Trading Commission (CFTC) signs off. These futures contracts will be cleared through ICE Clear US, another subsidiary of the exchange, which notably owns the New York Stock Exchange. “Each futures contract calls for delivery of one bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Business Day,” the announcement read. Bakkt was first announced earlier this year, when ICE announced…

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ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot

ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot
Source: Coindesk.com

ABN AMRO, one of the largest banks in the Netherlands, has launched a blockchain pilot aimed to bring new efficiencies to container-based international trade. For the project, the bank has partnered with Samsung SDS, the logistics and IT arm of consumer tech giant Samsung, and the Port of Rotterdam, according to a press release dated Oct. 19. Using a blockchain system, the partners ultimately intend to move away from the current paper documentation surrounding international container shipments, including payments and administration. “An average 28 parties are involved in container transport from China to Rotterdam. The transportation, monitoring and financing of freight and services should be just as easy as ordering a book online,” said Paul Smits, chief financial officer for the Port of Rotterdam Authority, in a separate release. Daphne de Kluis, CEO of Commercial Banking at ABN AMRO, added that the ultimate…

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Bitcoin Core: Latest Update V 0.17.0 Introduced

Bitcoin Core: Latest Update V 0.17.0 Introduced
Source: Btcmanager.com

When Satoshi Nakamoto introduced the first version of Bitcoin, i.e., the Bitcoin 0.1 on January 9, 2009, little did he know that his white paper on peer to peer electronic cash system would be standing on the cusp of changing the way world dealt with money. Bitcoin Core Background In the paper what Satoshi wrote, he introduced the world free…Read More. The post by Pratik Makadiya appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’

Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’
Source: Bitcoinist.com

A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation. Farmers to the Rescue A relatively small cryptocurrency mining operation run by Icelandic math teacher Krista Hennesdottir uses a clever solution to stay competitive. Ms. Hennesdottir has realized that farmers have excess geothermal energy which could be used for cryptocurrency mining. In turn, the mining rigs produce a lot of excess power which could be used for heating. She said: Farmers have a lot of storage space, so it’s easier for us to move our equipment to their location. You can also heat up the storage space, which is quite clean. So generally speaking, it’s reducing rent, and reducing energy cost. This…

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Jelurida launches Ardor Learning Hub and lightweight contracts competition with $21,000 in prizes

Source: Cryptoninjas.net

CryptoNinjas After the recent announcement of the Dominium real estate project as the Ardor blockchain-as-a-service platform’s official fourth “child” blockchain, Jelurida today publicly launched the Ardor Learning Hub. This new resource provides an extensive array of documentation and… Jelurida launches Ardor Learning Hub and lightweight contracts competition with $21,000 in prizes

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Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill

Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill
Source: Bitcoin.com

Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency.” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service. Also read: Despite Setbacks Crypto Wages Still an Option for Russians, Poll Finds State Tax Authority to Determine Taxes on Mining Profits Anatoly Aksakov, head of Russia’s parliamentary Financial Market Committee, announced the latest amendment to the bill, which is expected to regulate Russia’s growing crypto industry, on the sidelines of Finopolis 2018. Roughly 1,500 people participated in the annual event, which is held by the Bank of Russia. Attendees included government officials and representatives from domestic and foreign companies in the financial and IT sectors. Aksakov said that the long-awaited bill, “On…

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Monero Transaction Fees Reduced by 97% After Bulletproofs Upgrade

Monero Transaction Fees Reduced by 97% After Bulletproofs Upgrade
Source: Bitocoinmagazine.com

After the recent hard fork upgrade of its protocol, Monero has seen its transaction fees shrink by approximately 97 percent, dropping from 60 cents to just 2 cents. Crypto analytics firm Coinmetrics shared a tweet confirming the drop in fees and their corresponding reduction in transaction size, falling from 18.5kb pre-fork to 3kb — an 80 percent change.The upgrade, called “Monero 0.13.0 Beryllium Bullet,” implements “bulletproofs.” First introduced by researchers at Stanford, the cryptographic scheme shrinks the size and cost of transactions specifically for Confidential Transactions.  Why Bulletproofs?As stated above, Bulletproofs are a scaling complement to Monero’s Ring Confidential Transactions (RingCT), Monero’s main privacy feature, which uses a combination of ring signatures and Confidential Transactions. Ring signatures are cryptographic digital signatures that protect a user’s privacy in the input side of a transaction by making it nearly impossible to determine…

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Are Crypto Exchanges Becoming The Same Powerhouses The Crypto Industry Is Meant To Fight

Are Crypto Exchanges Becoming The Same Powerhouses The Crypto Industry Is Meant To Fight
Source: Themerkle.com

Launched at the height of the 2008 financial crisis, bitcoin had a singular purpose then: to fight the centralized nature of the mainstream financial system and give the ultimate power back to the people. Satoshi Nakamoto’s vision has gradually been achieved, with cryptocurrencies and the blockchain technology that underpins them revolutionizing many industries. However, the very entities that are meant to facilitate this revolution could prove to be the biggest impediment. Are cryptocurrency exchanges becoming the same infallible powerhouses that cryptos have strived to fight for the past decade? Too Big To Fail? Coinbase is the biggest cryptocurrency exchange in the United States and while it is miles behind market leaders Binance and OKEx in trading volume, its significance far supersedes its size. From a small startup in 2012, the San Francisco-based firm has grown to be a behemoth in…

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