16.49 - UPDATE - Bitcoin witnesses slight rise. Bitcoin is now valued at $9,218, slightly up from 16.07 when it was valued at $9,091. 16.32 - UPDATE - Russian illegal bitcoin mining farm shut down Reports from China indicate that senior executives of Canaan creatives, one of leading bitcoin miner manufacturer, have been fired. The purge at Hangzhou offices was instigated by Zhang Nan Geng—the founder. Xiangfu Liu, the co-founder, has also reportedly left the board. Advertisement Power Struggle At Bitcoin Miner Manufacturer Canaan The in-fighting–as a Twitter user revealed, stems […] After years of resisting and fighting against crypto, it's finally a battle that is coming to an end. Visa and Paypal are in the news this month, both are reported to be opening the doors to buying cryptocurrencies. First we saw news surrounding a possible Paypal "buy" and "sell" options for cryptocurrencies. This was reported … Continue reading Paypal and Visa open the doors to crypto ... Security firm Netlab 360 has discovered a new botnet named Fbot in a strange case of fighting fire with fire. Fbot appears to be very different from almost any other botnet because it is seeking and destroying another botnet called ufo miner, known to install crypto mining malware on computers. Fbot doesn’t appear to install any malware of its own, with a seemingly singular purpose of ... The reason for Binance launching its own blockchain is buried deep within the statement, but it arrives, eventually: “As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB ... The world’s largest crypto exchange announced two subsidiary suspensions within one month. The Federal Reserve, established as lender of last resort to banks, looks to be stimulus provider of last resort with U.S. government divided.
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