Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment. Continue reading ‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft
Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously accounted for “a lot” of the company’s orders, but that it had gone down since the boom year of 2017. Continue reading Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year
When merchants started introducing bitcoin and similar digital currencies as one of their payment methods, they quickly encountered a significant problem: price volatility. Continue reading Crypto Industry is Betting Big on the Future of Stablecoins
ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $21.7 trillion as of November, will inevitably cause a big spike in crypto.
“When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto.” Continue reading $20 Trillion US Debt Will Inevitably Lead to Big Crypto Boom
At the UN General Assembly, Malta Prime Minister Joseph Muscat stated that blockchain technology will allow crypto to inevitably become the future of money. Continue reading Crypto is the Inevitable Future of Money