Dutch Bank Flustered Over the Amount of Electricity Bitcoin Consumes

Dutch bank ING is flustered over the fact bitcoin consumes so much energy. Recently, the bank released a report saying bitcoin transactions consume as much electricity as a house does in a month. They seem to believe this is problematic, since traditional electronic payment methods do not use near as much energy,...

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Stay Vigilant When Looking at ICOs

Recently, I was encouraged to write an article going over some of the ways to stay safe while buying, selling, and owning cryptocurrencies. This seems especially relevant in the current climate in which numerous ICOs are out there vying for new investor money. While we have written on topics like this before, it is...

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Former Bitmain Chip Designer Seeks to Revoke Mining Giant's Patent

Bitcoin's most controversial mining firm, Bitmain, is under threat of having a key chip patent revoked. Forcing a review of the patent is an ex-employee of the China-based mining giant: former director of design Yang Zuoxing, who has now founded a rival mining firm called Bitewei. According to documents reviewed...

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Bernanke at Ripple Event: Blockchain Has 'Obvious' Benefits in Payments

Former Federal Reserve chairman Ben Bernanke is bullish on blockchain. Speaking at Ripple's Swell conference in Toronto today, being held the same week and in the same city as Sibos, the annual gathering hosted by Ripple's rival Swift, Bernanke told a room of several hundred attendees that he believes payments...

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