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Microsoft Files Patent For New Cryptocurrency And Mining System

Microsoft wants to create a new cryptocurrency that’s still mined using PoW–except replacing expensive power-intense mining rigs with basic human energy. If that sounds a little strange, you should take a dive deep into the details of the patent published yesterday filed by Microsoft. It’s called: “Cryptocurrency system using body activity data.”MICROSOFT’S HUMAN-MINED CRYPTOCURRENCY – […]

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Miners Are Selling More Bitcoin Than They Are Mining

While bitcoin (BTC) looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling. The world’s largest cryptocurrency by market value rose from $3,867 to $7,000 in the 13 days to March 25, according to CoinDesk’s Bitcoin Price Index. Yet, throughout the 81 percent recovery rally, miners sold […]

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Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes

Amid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment.The Ministry of Economic Development of the Russian Federation has reportedly prepared a draft law that would allow the testing of cryptocurrency and blockchain developments within a special regulatory sandbox.Sandbox to unlock blockchain […]

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Fed’s “Infinite Amount of Cash” is Biggest Argument for Bitcoin Yet

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said that the Federal Reserve has an “infinite amount of cash”—in response to worries over the stock market collapse. Speaking on 60 minutes, Kashkari said, “There’s enough cash in the financial system, and there’s an infinite amount of cash at the Federal Reserve. We will […]

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Crypto Hedge Fund Goes Belly Up After Bitcoin Price Drop to $3.8K

Adaptive Capital, a crypto hedge fund, has announced that it will shutter all operations after taking heavy losses during the March 13 crypto market meltdown which saw Bitcoin (BTC) price drop to a 2020 low at $3,775. The fund has now issued a letter to its investors announcing the closure of the fund and the […]

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Thousands of These Computers Were Mining Cryptocurrency. Now They’re Working on Coronavirus Research

CoreWeave, the largest U.S. miner on the Ethereum blockchain, is redirecting the processing power of 6,000 specialized computer chips toward research to find a therapy for the coronavirus.These graphics processing units (GPUs) will be pointed toward Stanford University’s [email protected], a long-standing research effort that unveiled a project on Feb. 27 specifically to boost coronavirus research […]

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‘Extreme Fear’ Grips Markets Despite Oversold Bitcoin Price Metrics

Compared to the trading action of earlier this week, Bitcoin’s (BTC) price was relatively muted on Saturday as the digital asset traded between $5,045 and $5,641. Although the digital asset dropped more than 50.8% on March 12, it has since regained 37.5% to trade at $5,200. Many in the crypto space are still attempting to piece […]

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PayPal’s Financial Crimes Division Is Seeking a Blockchain Expert

Payment giant PayPal is seeking a blockchain expert to help identify use cases for the tech in the prevention of financial crimes.According to a job opening posted late last month, the firm wants to hire a director of anti-money laundering (AML) and blockchain strategy. The new staffer at PayPal’s New York City office would be […]

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This Former Crypto Survivor Is Now The Biggest Top 20 Loser

With market values collapsing, Chainlink (LINK) has now experienced the greatest loss of any top platform. Its ability to defy the crypto winter baffled analysts and demonstrated the staying power of blockchain technology. Its decline reflects the significant volatility of the crypto space, yet its future may still be bright.CHAINLINK’S SUCCESS TIED TO OVERALL CRYPTO […]

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