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Tag Archives: Increased

RSK Merges With New RIF OS, Opens Potential for Increased Interoperability

Bitcoin-built smart contract platform RSK (a.k.a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond. The company has been acquired by RIF Labs, a development lab that was established by a handful of RSK’s own founders, including CEO Diego Gutierrez-Zaldivar and Chief Scientist Sergio Demian ...

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Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners

Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity pricing structure for cryptocurrency miners meant to pass down the cost of increased electricity demand, Central Washington radio station KPQ reported Nov. 14. The article cites Lindsey Mohns, the Customer Utilities Rate Adviser, explaining the difference between the current and proposed electricity pricing systems, noting that the rate ...

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Bitcoin’s Block Size Can Be Increased Without Hard Fork, Says Blockstream Co-Founder

Bitcoin (BTC) protocol developer Mark Friedenbach introduced a method for Bitcoin scaling he claims will not require a hard fork at a workshop in Tokyo October 5. The new concept presented at the Scaling Bitcoin workshop, entitled “Forward Blocks,” suggests a major on-chain capacity boost by means of a Proof-of-Work (PoW) alternation that is done as a soft fork, combined ...

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Russian State Nuclear Corporation to Develop Blockchain for ‘Increased Efficiency’

Russian state nuclear energy corporation (Rosatom) will develop “advanced” digital technologies, such as blockchain, according to Rosatom IT department head Evgeniy Abakumov, cited by corporate outlet Strana Rosatom Monday, October 1. As per Abakumov, Rosatom intends to focus on three areas of new technologies, namely blockchain, artificial intelligence and the Internet of Things (IoT). “We are committed to integrating 4.0 ...

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Stellar XLM Surges 17% Amidst Market Recovery and Increased Adoption

Stellar’s XLM surged 17% on Friday as the overall cryptocurrency markets posted gains, led by XRP, which was up 55% on a 24-hour trading period at the time of writing. The price rise of Stellar comes as the cryptocurrency is seeing increased adoption, specifically through IBM’s new cross-border settlement system – World Wire. On Friday, XLM’s price surged from just over ...

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Australian Regulator Hints at Increased Crypto Exchange and ICO Scrutiny

Australian regulator the Australian Securities and Investments Commission (ASIC) has revealed plans to increase scrutiny of cryptocurrency exchanges and Initial Coin Offerings (ICO) in its ‘Corporate Plan’ published this week. ASIC, which acts as a supervisory organ for financial market operators, highlighted the exchange sector as an area of priority through 2022. Specifically, the body plans to ensure any “threats ...

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Despite Crypto Mining Decline, Nvidia Will See Increased Revenue This Quarter

Analysts polled by FactSet suggest that Nvidia will see increased revenue this quarter despite “waning” cryptocurrency mining, Marketwatch reported August 10. The purported increase is due to strong demand for gaming devices and data-centers. While analysts suggest that the company’s revenue from crypto mining hardware will decline, the U.S.-based graphic processing units (GPU) manufacturer will see significant growth in its ...

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BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest

The world’s largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in Bitcoin (BTC), Financial News (FN) reports today, July 16. The move furthers a U-turn on BlackRock’s previously critical stance towards cryptocurrency.  Following in the footsteps of fellow giant Goldman Sachs, the cross-industry working group convened by BlackRock will among other ...

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