Banking giant JPMorgan has revealed the launch of a blockchain solution that will reduce the number of failed transfers within its payment system. This development was announced on Monday, with the bank confirming that the solution named ‘’Confirm’’ is in its testing phase.  Faster Transaction Confirmation  Twelve banks in Taiwan, including top banks like Taiwan Cooperative Bank and CTBC, have […]

Remittances are an essential flow of money for many nations globally. Without people sending money back home to friends and family, many people would be off far worse. The role of cryptocurrencies in this equation remains uncertain, although there are several robust initiatives taking place.  Global Remittance Numbers Are Falling It is worrisome to see the overall amount of money […]

The Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company The9 Limited (Nasdaq: NCTY) revealed […]

Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing for $100 Million On April […]

In December 2020, the mining rig manufacturer Innosilicon released a new ethereum miner called the Innosilicon A10 Pro+, which processes Ethereum-based hashrate at around 750 megahash per second (MH/s). Regional reports have noted Innosilicon is dropping a new ether mining rig this summer that processes speeds of up to 2,000 MH/s. Additionally, during the course of the last few months, […]

On Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1.5 billion in coinbase rewards and transaction fees. Today, the blockchain’s hashrate is around 160 exahash per second (EH/s) with 17 pools dedicating hashpower to the network. $1.5 Billion in Bitcoin […]

R3 has announced that its Corda enterprise blockchain network will now be interoperable with public distributed ledgers and ERC-20 tokens via eXchange inFinite’s (XinFin) XDC altcoin, according to reports on March 30, 2021. R3-XinFin Alliance Gets Stronger  In February 2019, reports emerged that R3, a consortium of more than 200 heavyweight financial institutions, had forged an alliance with eXchange inFinite […]

Major chipmaker Advanced Micro Devices (AMD) keeps making headlines amid the battle between crypto miners and PC gamers. Now, the company seems to have made a step forward to become friendlier to those with crypto mining purposes. AMD Doesn’t Want to Follow Nvidia’s Path According to a PC Gamer report, citing a product manager from AMD, the chipmaker has zero […]