Category: Bitcoin News
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Bitcoin Core Dev Takes Responsibility for Critical Bug: “I’m Embarrassed and Sorry”
John Newbery, a Bitcoin Core developer and contributor to cryptocurrency research and development group Chaincode Labs, takes responsibility for a critical bug recently discovered on the Bitcoin network. Related: Critical Bug Would Have Allowed Hackers to Create Bitcoin, Detector Hints at Sabotage As CryptoSlate reported, on September 20, a serious issue called “bug CVE-2018–17144” left the…
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Bitmain Announces Next-Generation SHA-256 Antminer Chips
Bitmain, one of the largest cryptocurrency mining ASIC manufacturing companies, announced on Sept. 21 the release of new SHA-256 mining rigs at the World Digital Mining Summit in Georgia. SHA-256 is a common cryptographic encryption algorithm used in several industries and is what Bitcoin uses to secure its network. Bitmain’s most recent SHA-256 ASIC is the Antminer…
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Multi-Trillion-Dollar Investment Giant Fidelity Investments Hints At Crypto Products by End of Year
The fourth-largest asset manager in the world with over $2 trillion in assets under management, Fidelity Investments, appears to be moving above and beyond its courting stage with cryptocurrency, revealed its intention to offer crypto-related products by the end of the year. CEO Abigail Johnson raised the curtain on the firm’s ambitions to roll out…
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Binance CEO: ‘I Don’t Understand Why the Bitcoin Price Isn’t Shooting Through the Roof’
Changpeng “CZ” Zhao quietly offered a utopian forecast for the cryptocurrency industry and his ubiquitous cryptocurrency exchange, Binance–which he revealed is becoming increasingly institutionally oriented and will launch five to 10 fiat-to-crypto operations in nearly every continent. Speaking at Consensus Singapore, the Binance chief whip suggested that the regulatory breakthroughs seen last week have now…
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Tim Draper Still Has $260 Million Worth of Bitcoin at $6,500 Price Point
In a recent, exclusive interview with The Street, billionaire investor Tim Draper stated that he stands by his $250,000 Bitcoin price target by 2022. While the price of Bitcoin has declined by more than 65 percent since late 2017, the holdings of early Bitcoin investors remain relatively high against the U.S. dollar. Draper, who invested…
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Ripple Sees Huge 40 Percent Gain As Crypto Market Adds $12 Billion, Is the Bear Market Over?
Within merely 24 hours, the crypto market has added $12 billion to its valuation, surging to $212 billion. As the best performing cryptocurrency on the day, XRP, the native cryptocurrency of Ripple, has risen by more than 40 percent overnight. Cardano (ADA) and Stellar (XLM) both recorded solid 13 percent gains against the U.S. dollar…
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SEC Postpones Bitcoin ETF Decision, Seeks Additional Input
The U.S. Securities and Exchange Commission (SEC) revealed Thursday that it has, once again, postponed its decision regarding the Cboe Bitcoin exchange-traded fund (ETF). However, the SEC has initiated proceedings to determine whether to approve or deny the ETF. In the order, the SEC wrote: “Institution of such proceedings is appropriate at this time in…