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Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers

Beijing-based start-up Bitmain now dominates the Bitcoin mining industry. Last year it is estimated the company made as much money as chipmaker Nvidia did, according to estimates from researchers at Wall Street analyst Bernstein. Based on conservative estimates, the analysts calculate that Bitmain made $3 to $4 billion in operating profit last year. Bernstein’s U.S. semiconductor

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Tezos Foundation Reorganizes, Gevers Steps Down

After months of infighting between the organizers of Tezos, a blockchain project currently in development, and the Tezos Foundation, a Swiss nonprofit that controls the project’s pursestrings, the two remaining original members of the Foundation have “voluntarily” resigned. This means that since December, the entire three-person board has been replaced.According to an announcement by the Tez

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PayPal Exec Says ‘Very High Likelihood’ Bitcoin Will Become Popular Payment Method

PayPal’s chief financial officer, John Rainey, spoke positively of Bitcoin’s (BTC) use as a future popular option for payments during an interview with The Wall Street Journal (WSJ) published Monday, Feb. 19.In a section of the interview entitled, “Тhe crypto factor,” Rainey said that PayPal was one of the first companies to accept Bitcoin on their Braintree platform back in 2015. However

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Wyoming House Unanimously Approves Two Pro-Blockchain Bills

In a watershed moment for United States blockchain and cryptocurrency law, Wyoming’s House of Representatives unanimously voted “aye” to pass two blockchain bills – HB 70 the “utility token bill” and HB 19 the “bitcoin bill” –  sending them to the State Senate for consideration. HB 70 defines utility tokens as neither traditional money nor securities; HB 19 exempts

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Wyoming House Unanimously Approves Two Pro-Blockchain Bills

In a watershed moment for United States blockchain and cryptocurrency law, Wyoming’s House of Representatives unanimously voted “aye” to pass two blockchain bills – HB 70 the “utility token bill” and HB 19 the “bitcoin bill” –  sending them to the State Senate for consideration. HB 70 defines utility tokens as neither traditional money nor securities; HB 19 exempts

Crypto Index Fund Bitwise Delivers 45% Return in First Two Months

Finance These days more players on Wall Street are adopting bitcoin as a new vehicle that can potentially deliver amazing growth opportunities, and traditional investors are reaping the benefits. An index fund operated by Bitwise, for example, has delivered a 45% return in its first two months.Also Read: Cryptocurrency Regulator Found Dead at His Hom

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South African President Steps Down as Banks Embrace Blockchain Technology

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.If you would like to contribute an Expert Take, please email your ideas and CV to a

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As Bitcoin Goes Over $10,000, Analyst Makes Big Predictions For 2018

Unrepentant cryptocurrency bull Tom Lee predicts Bitcoin will reach $25,000 in 2018 and $125,000 by 2022.Aggressive Predictions For Bitcoin’s FutureTom Lee was the first major Wall Street analyst to cover Bitcoin and has remained bullish about the cryptocurrency market since. In his latest report, Fundstrat Global advisor’s head of research called for some high numbers in the coming

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Happy Chinese New Year, and How Crypto Will Remember the Last One

Since the inception of Bitcoin less than 10 years ago, there has undoubtedly not been a busier year than 2017, the Year of the Rooster, for the whole cryptocurrency market. Now, as Chinese New Year dawns, the Year of the Dog, it is worth looking back at all that happened.It all began relatively inconspicuously back in January 2017 with Bitcoin breaking the $1,000 mark, but from there the cryptocur

Things Will Only Get Better for Cryptocurrencies

Since bitcoin shocked markets with unparalleled gains in 2017, investors are now seeking ways to get in on the next big thing in the blockchain space, which is poised to grow even bigger.Upset that you missed the boat on the bitcoin craze last year?Millionaires were minted overnight as bitcoin returned 1,700 percent in 2017, only to see prices crash by more than half since December. The bubble see

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