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  • Month: August 2023

Most Expensive Country for Bitcoin Mining? Italy

The cost of producing a single Bitcoin (bitcoin) can vary greatly depending on the country you live in. It costs around $208,560 to produce one BTC in Italy, and only $266 in Lebanon! Lately CoinGecko report it turned out that – if you use regular household electricity – Bitcoin mining [...]

Elon Musk praises pro-crypto Republican nominee in presidential race

Elon MuskPresident and chief technology officer of X (formerly Twitter) praised Vivek RamaswamyYoung and emerging Republican candidate for the presidency of the United States. Musk answered To part of the interview given to the podcast by Ramaswamy Tucker Carlson “Tucker on Twitter”, stating: “Vivek Ramaswamy, youngest Republican presidential candidate”. Musk [...]

Judge grants SEC appeal in Ripple case

Judge Analysis Torres He granted the United States Securities and Exchange Commission (SEC)’s request. Filing a lawsuit to file an interim appeal in the lawsuit filed against Ripple Labs. On August 9, the Commission sent a letter to Torres saying that his decision could affect many ongoing prosecutions. According to [...]

Shiba Inu’s Shibarium Network resumes block production after a short hiatus

Shiba Inu’s Shibarium layer-2 network has resumed block production after taking a break for almost a day.According to block explorer Shibariumscan.io, Shiba Inu layer-2 blockchain Shibarium, reactivated and produces blocks. The Shibarium network went into safe mode after the mainnet launch, suspending operations to protect funds due to unexpectedly high [...]

PayPal UK suspends Bitcoin purchases until early 2024

Crypto friendly payment platform paypal making some adjustments for Complies with UK financial regulations. PayPal temporarily suspends the ability to buy cryptocurrencies like Bitcoin (bitcoin), For UK customersOn August 16, the firm told Cointelegraph that it is working to comply with the new regulations. “PayPal customers who currently own cryptocurrencies [...]

The new technology increases the chance of winning hash by 260%.

Quantum Blockchain Technologies (QBT), a UK-based research firm, has developed artificial intelligence (AI)-based algorithms that could significantly increase the likelihood that some Bitcoin ASIC miners will mine (bitcoin), according to its CEO, Francesco Gardin, in an interview with Cointelegraph.Gardin explained how QBT integrates artificial intelligence to enable intelligent search for [...]