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Tag Archives: Centralized

Can ASICs Be Avoided? Centralized Cryptocurrency Mining May Be Unavoidable

Cryptocurrency mining may be prone to both industrialization and centralization, despite attempts to keep the field decentralized. A new post by Sia lead developer and Obelisk mining founder David Vorick goes into detail on the current state of specialized cryptocurrency mining machines known as ASICs. According to Vorick, ASICs can be developed profitably for just about any mining algorithm in ...

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Centralized Companies Into Decentralized Ecosystem

Bitcoin, and the idea of digital cash, has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies. This, coupled with the fact that government organisations and even global leadership bodies such as the G20 are looking to regulate cryptocurrencies, again ...

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Kraken Confirms It is a Centralized Choke Point for Financial Freedom – The Merkle

The recent debacle involving Coinbase and the WikiLeaks shop has caused a fair bit of controversy. It is evident WikiLeaks will need to find a new way to solve its issues and deal with Bitcoin payments. Some people have even suggested looking at Kraken as an alternative, but the company acknowledges they are not in the best position to make good things happen. Kraken Shares Some Honest ...

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Bank of England Explores Centralized DLT System Open To Regulatory Oversight

The Bank of England has released a Proof-of-Concept paper (PoC), together with Blockchain startup Chain, that examines how to configure a distributed ledger system which would maintain privacy between participants, keep data shared across the network, and also enable a regulatory body to oversee all transactions, as outlined April 11. The paper investigates a scenario in which the DLT system ...

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China To Develop Centralized Crypto, Protects Yuan Against Non-State Digital Currency

The People’s Bank of China (PBoC) will continue to apply strict measures on virtual currencies as part of its strategy for protecting and strengthening the yuan (RMB), according to a statement published March 29 on the bank’s website. At the 2018 national video conference dedicated to the achievements and major challenges facing the Chinese monetary system, the deputy governor of ...

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Centralized vs Decentralized Cryptocurrency Exchanges: Vulnerabilities

Billions of dollars are traded on major cryptocurrency exchanges like Binance, Huobi, Bithumb, and OKEx on a daily basis, and users tend to prefer these exchanges over other platforms in the market due to their high liquidity. Binance for instance, the world’s largest cryptocurrency exchange, settles more than $1.8 billion worth of cryptocurrency trades per day, and it is processing ...

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The ICO Which Is Taking on Centralized E-Commerce Monopolies

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Since the advent of what many have called ‘Web 2.0’, internet integrated services have undoubtedly seen exponential growth in financial value and user adoption. Although ‘Web 2.0’ is effectively a media buzzword, it’s one ...

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International Banking Study Calls Centralized Crypto Inevitable

A new report issued by an international banking group analyzing the use of cryptocurrency by central banks recognizes the usefulness of digital currency while calling into question their overall safety and security. Study Calls Centralized Crypto Inevitable The Bank for International Settlements issued a report on Monday saying that cryptocurrency, as issued by central banks, could be beneficial to replace cash ...

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Blockchains Must Have Centralized Foundation: Chinese Regulator

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. An official from one of China’s top financial regulatory agencies said that he believes blockchains function more effectively when they are built on a centralized system. Zhang Ye, director of the China Securities Regulatory Commission’s (CSRC) information center, said on Sunday that the government should devote “great ...

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NY Fed Economists Talk Bitcoin’s Role in a Centralized World

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. New York Fed Economists Michael Lee and Antoine Martin aren’t entirely dismissive of bitcoin, which only seems to make matters worse. In a Q&A, which is posted on the New York Fed’s website, the economists question bitcoin’s utility, arguing it will never be as easy to use ...

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