EXCHANGES

Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware

[ad_1] Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. Demand slumped as the coronavirus pandemic, which disrupted the movement of goods worldwide, took its toll.
Business

Crypto Healthcare Project Announces Telehealth Exchange for Remote Medicine

[ad_1] Cryptocurrency healthcare startup, Solve.Care, recently launched a blockchain remote medicine platform.According to an announcement sent to Cointelegraph on May 22, Solve.Care announced a new marketplace that allows users to consult medical practitioners anywhere in the world. It’s called the Global Telehealth Exchange, or GTHE.GTHE is meant to also provide physicians with a way to engage in telemedicine by publishing their profiles, rates, availability, and then accepting appointments. The system
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Ethereum Is Pushing Key Resistance Levels — and It’s Unlikely to Break Through

[ad_1] It’s been a tough week for all cryptocurrencies, Ethereum included. Investors at the start of this week were expecting this nascent market to push to new yearly highs, but their perspective quickly changed when most digital assets plunged by 10% over the course of two days. The dump coincided with fears that Satoshi Nakamoto — the pseudonymous coder behind the earliest iterations of the Bitcoin project — was selling
BLOCKCHAIN

Yiedl Announces Marketplace for NFT Rentals and Mortgages

[ad_1] Tokyo-based crypto startup Yiedl has announced that it will launch a non-custodial peer-to-peer, or P2P, mortgage and rental market for non-fungible tokens, or NFTs.Speaking to Cointelegraph, Yiedl founder and chief executive Kohshi Shiba asserted that the platform will support a myriad of tokens as most real-world assets are tokenized.“For assets that have persistent external utility, I believe NFT is an appropriate token form,” Shiba stated, listing subscription rights, decentralized
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Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move

[ad_1] The cryptocurrency community has noticed a number of bitcoins from the August 2, 2016, Bitfinex breach has been moved. A small 30 BTC transaction ($282,000) from the stash has moved from the hacker’s address to an unknown bitcoin address. The last time coins from the Bitfinex incident moved was June and August 2019, as the bitcoins hadn’t transferred for three years since then. On August 2, 2016 the popular
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Bitcoin’s Bull Case Remains Valid as Buyers Fight to Maintain $9,000

[ad_1] Bitcoin has been flashing some overt signs of weakness throughout the past several days and weeks This has been rooted largely in its inability to break into the $10,000 region after facing multiple strong rejections here throughout the past several days Analysts are now noting that the cryptocurrency remains in a position to see further upside, however, as long as it is able to hold above a key ascending
BLOCKCHAIN

South Korean University Announces New Blockchain Campus

[ad_1] South Korea’s Suseong University reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain and AI campus in Daegu.According to the announcement published by local media outlet Money Today, the Daegu-based university plans to teach about AI, big data, and cloud-based technology in the brand-new department. They intend to begin accepting students by 2021.COVID-19 crisis as a potential for blockchain adoption
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Craig Wright Submits List of Bitcoin Addresses to the Court – Roster Contains Spent Blocks

[ad_1] On May 21, 2020, the infamous Craig Wright, the man who claims to be Satoshi Nakamoto, submitted a list of blocks and bitcoin addresses to the court that stem from the alleged Tulip Trust. However, armchair sleuths and blockchain analysis shows that a few blocks recorded in Wright’s recently filed list have been spent. Craig Wright Files a New List of Bitcoin Blocks and Addresses That Allegedly Belong to
Business

China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?

[ad_1] The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining.Sichuan — 10% of the global hashrateAccording to estimates from Cambridge University, Sichuan is responsible for almost 10% of the global hashrate. In fact, this single Chinese province mines more Bitcoins than the entirety of the U.S. or
Business

Where Are the Bitcoin Pizza Coins Now?

[ad_1] Today marks the 10th anniversary of Bitcoin's first official commercial purchase. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John's pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $92.5 million price tag.One might logically wonder what happened to the 10,000 Bitcoin (BTC) used for the purchase of two pizzas. "Over the years the