Bitcoin Price Jumps to $9,200 while Crypto Market Cap Hits $420 Billion

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The price of bitcoin has climbed by over $400 in the last 24 hours, getting into the $9,000 region and exceeding $9200. A sudden dip on April 27 sent bitcoin price to the $8,800 mark. But throughout the day bitcoin and other cryptocurrencies saw record gains as the market climbed to $420 billion. EOS once … Continue reading “Bitcoin Price Jumps to $9,200 while Crypto Market Cap Hits $420 Billion”

Tech Giant Sony looking to use Blockchain technology

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Sony the technology giant based out of Japan is looking to store digital data using blockchain technology. On Thursday, U.S. Patent and Trademark Office published an application  that explains Sony’s current digital rights management (DRM) solution which aims for interoperability “may not be very reliable and rely on one unique point of failure and if … Continue reading “Tech Giant Sony looking to use Blockchain technology”

Cryptocurrency Mining Causes AMD’s Revenues to Surge

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AMD a major chip maker revenue surges as cryptocurrency mining have resulted in a huge demand for its products. AMD and NVIDIA have had a booming year in terms of revenue due to the cryptocurrency mining. But they have noted that the future demand for new GPUs won’t be the same as cryptocurrencies are losing … Continue reading “Cryptocurrency Mining Causes AMD’s Revenues to Surge”

The oldest bitcoin exchange is reportedly up for sale

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Bitstamp, a bitcoin exchange that is based in Luxembourg, that is also reportedly the oldest exchange still standing has been finalizing a deal with a South Korean gaming company. This information comes from 3 individuals who have insider knowledge of this matter and have informed Business Insider that Nexon would reportedly be the purchaser. The deal … Continue reading “The oldest bitcoin exchange is reportedly up for sale”

Asia tops cryptocurrency trading volume despite of the recent regulatory restriction

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Asian countries love cryptocurrency trading and they are dominating the charts for cryptocurrency trading volumes. Whereas the UK which has the most crypto exchanges registered accounts for less than 1 {7ac5c3bf57b95c89d20da1c585f68f2fe47644be0187dccece42864a092023b1} of the trade globally. The research done by Morgan Stanley indicates that exchanges which originated from countries like South Korea, Hong Kong, and China … Continue reading “Asia tops cryptocurrency trading volume despite of the recent regulatory restriction”