The total computing power now dedicated to securing the bitcoin blockchain has set yet another record. According to data from mining services operator BTC.com, the average bitcoin mining hash rate over the last two weeks has reached 71.43 quintillion hashes per second (EH/s), up
China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency. In an Aug. 2 statement, PBoC summarized the proceedings of a video conference, in which the bank conveyed the Party Central Committee and the
During the U.S. Senate Committee on Banking, Housing and Urban Affairs hearing on cryptocurrency and blockchain technology regulation this week, Senate Banking Committee Chairman Mike Crapo (R-ID) shared his belief that the United States will not be able to ban Bitcoin. “I’m
Walmart Inc. appears be pondering whether to test waters in the world of cryptocurrencies, following the steps of Facebook Inc. The retailing giant applied to patent a way to use a digital coin tied to a traditional fiat currency, which could allow
Saturday, Aug. 3 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $10,750 mark again. Bitcoin price is currently up by 3.15% on the day, trading at around $10,778 at press time, according to Coin360.
Tether, the controversial token that serves as a conduit for trading coins on many of the world’s largest crypto exchanges, is becoming the means for conducting transactions on a spate of new blockchains, the distributed digital ledgers that underpin the digital assets. The
A team of former Royal Bank of Scotland (RBS) engineers is bringing trading and settlement of digital assets, including cryptocurrencies, to a private blockchain network originally developed for enterprise. Revealed exclusively to CoinDesk, London-based LAB577, led by ex-RBS innovation lead Richard Crook, is
Britains’ financial regulator, the Financial Conduct Authority (FCA), will not regulate Bitcoin (BTC) as a part of its recent guidance on crypto assets. On July 31, the FCA issued its finalized policy statement on cryptocurrencies in a document titled “PS19/22: Guidance on Cryptoassets.” The document