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“The wall street bubble”: A case for bitcoin (PART 1)

In 2008 when Satoshi went public with bitcoin and the idea of blockchain technology, the invention received very little attention. In the past decade, the financial world was daunted by this new asset class and possibly the future of digital currency. Today there are more than 6,000 cryptocurrencies, according to Coinmarketcap. Slowly, but steadily cryptocurrencies are establishing themselves in the scenes of commerce and industries. However, bitcoin and other cryptocurrencies have often received tons of criticisms from investors, individuals, governments, and other agencies. Very often, cryptocurrency has been described as a bubble waiting to burst. In the first part of...

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Delays in mining equipment for Bitmain pushed due to internal conflict with the companies main executives 

Bitmain, one of the biggest companies in the world, recently announced delays in the shipping of its mining equipment.  This was due to external interference.  Bitmain, one of the biggest companies in the world, recently announced delays in the shipping of its mining equipment. This was due to external interference. The firm said that many customers were expecting to receive their equipment between June and July this year but now, due to the delay they will be receiving them by either September or October 2020. There are two options provided to customers of the company even though neither of which...

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Iran gives the go-ahead for bitcoin mining through industrial power plants

It was recently announced by Iran that they have given the green light to industrial-scale power plants in the country to operate as bitcoin miners.  But this will only go ahead if they don’t use subsidised fuel. It was recently announced by Iran that they have given the green light to industrial scale power plants in the country to operate as bitcoin miners. But this will only go ahead if they don’t use subsidised fuel. Mostafa Rajabi Mashhadi, the deputy managing director at Iran is power generation Tavanir recently gave a statement on the issue earlier this week on the...

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Filecoin Is Deciphering The Core of IPFS Mining And Why Their Billion Dollar Market Will Matter To You

Back on June 25th, Filecoin officially announced the upcoming launch of their testnet program and release of four million FIL incentives. FIL is the native cryptocurrency of Filecoin. Filecoin is slated to go live on July 20th, and the mainnet to launch on August 21st. The initial public announcement made waves throughout the crypto industry. The soaring IPFS (Inter Planetary File System) WeChat search index and volume even surpassed that of the mighty Bitcoin and Ethereum. Needless to say, there is tremendous attention on IPFS-based blockchain in 2020. What is IPFS? It is a peer-to-peer hypermedia protocol. In relation to...

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Bitmain drama: co-founder of mining giant offers to buy $4 billion in shares of the company

One of the co-founders of Bitmain has allegedly made an offer to purchase shares controlled by his fellow co-founder Jihan Wu as well as others for $4 billion. Zhan made a claim that he currently owns just over 35% of the shares of Bitmain’s Cayman Islands parent company. One of the cofounders of one of the biggest mining crypto companies in the world Bitmain, Micree Ketuan Zhan has allegedly made an offer to purchase shares controlled by his fellow co-founder Jihan Wu as well as others for $4 billion. According to a letter reported on by a local Chinese news...

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