$50 Million Bitcoin Mining Farm Opens in Armenia

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A new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish…

What China's Cashless Revolution Can Teach the West About Crypto

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China appears to have achieved the crypto community’s dream of a new internet of value, without blockchain. But there’s more than meets than eye here.

Cryptocurrency Jobs Increase by 300 Percent, Ethereum Incubator ConsenSys Labs Lists Most Vacancies

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Despite the cryptocurrency market slowdown and regulatory uncertainty in 2018, cryptocurrency- and blockchain- related job and roles have increased significantly, indicating clear interest and considerable demand in the sector. Bitcoin Jobs Rising As per data collated by job portal Glassdoor, traditional companies have ramped up hiring for blockchain and blockchain associated jobs. The company researched…

US Marshals Service Announces Auction of 660 BTC

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The United States Marshals Service (USMS) has announced an auction of 660 BTC that is scheduled to take place on Nov. 4. Under the auction rules, interested participants must formally identify themselves to the USMS and submit deposits of $200,000. Also Read: Trump Tariffs to Impact Chinese Mining Hardware Manufacturers USMS to Auction Forfeited BTC in…

CME Report: Bitcoin Futures Trading 41 Percent Up from Q3 2018

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The Chicago Mercantile Exchange (CME), one of two major providers of Bitcoin Futures in the U.S., revealed trade volumes increased 41 percent in Q3 2018 with interest rates up by 19 percent. Booming Bitcoin Futures Market While the retail cryptocurrency market has taken a downturn in 2018, the institutional-focussed Bitcoin futures market seems to be…

Order Speed Analysis Reveals the Fastest Cryptocurrency Exchanges

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When you’re trading digital assets, speed matters — particularly so if you’re engaged in high-frequency trading, when every millisecond counts. Executing orders a fraction of a second ahead of the market can mean the difference between profit and loss. New data reveals which cryptocurrency exchanges are the fastest — and which are struggling to keep…

Off-Grid Crypto Transactions Get Closer to Reality

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A New Zealand developer sent two signed Bitcoin transactions to his girlfriend’s crypto wallet on Monday using only radio signals and a cheap smartphone while offline and not connected to a cell network. The farthest transaction was sent from 12.6 kilometers (7.8 miles) away. Over the weekend I sent a bitcoin transaction to a relay…

Bitcoin Payments Provider BitPay Adds Gemini Dollar and USD//Coin as Settlement Options

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Cryptocurrency payments provider BitPay added two stablecoins for fiat-equivalent settlements at merchant-level on Oct. 15, according to a press release. Stablecoin Usage Gaining Traction Seeing a significant demand for the usage of credible stablecoins in the cryptocurrency market, BitPay added Circle’s Centre USD//Coin (USDC) and the Gemini Dollar (GUSD) – both pegged on a 1-to-1 basis…