Polychain Leads $7 Million Round in Crypto Trading Desk Altonomy

Altonomy, a cryptocurrency trading desk, has closed a $7 million financing round from Polychain Capital. The company, founded by Ricky Li, is also funded by 7 Blocks. “As a liquidity provider for altcoins, more funding will allow us to have more inventory, taking larger exposure and managing risk more effectively,” said co-founder Li “We don’t […]

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It’s Now Harder to Mine Bitcoin Than Ever Before

Bitcoin mining has become competitive than ever. Bitcoin mining difficulty – the measure of how hard it is to earn mining rewards in the world’s largest cryptocurrency by market cap – has reached a new record high above 7.93 trillion. That’s a seven percent jump from the 7.45 trillion record set during the recent two-week adjustment […]

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London-Listed Argo Blockchain Adds 1,000 Miners in Bid to Salvage Stock Price

Publicly listed crypto mining firm Argo Blockchain has said it’s expecting to break even this quarter after a recent investment in new equipment. In a press release posted on the London Stock Exchange (LSE) website Wednesday, the struggling firm said that its new batch of 1,000 Bitmain Z11 miners came into production last week and […]

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Sparkpool Splits 2,100 Ether Mining Fee With Accidental Sender

Ethereum mining pool Sparkpool has located and verified the accidental sender of an unusually high miners’ fee and agreed to split the amount. In a statement provided to CoinDesk, Sparkpool said it received an email from an anonymous user on Feb. 25, claiming that they had made a mistake by attaching the 2,100 ether (ETH) fee […]

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Validators Create New Attack Vectors for Decentralized Systems

Pascal Thellman is CMO at Bounty0x, a simple service for earning crypto, and an advisor at PolyGrowth, a crypto PR firm. — As proof-of-stake (PoS) networks gear up in an effort to compete with proof-of-work (PoW) blockchains, significant attention has been placed on their validator mechanisms and incentive structures for maintaining valid consensus. In particular, […]

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51% Attacks for Rent : The Trouble with a Liquid Mining Market

Anthony Xie is the founder of HodlBot, a tool that helps investors diversify their portfolios and automate their trading strategies. ––––––––– In order to remain decentralized, cryptocurrencies using a proof-of-work system must not allow a single party to control the majority of total hashing power. But as the global pool of hashing power grows more […]

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Co-Founder Quits Avalon Mining Chip Maker Canaan Over ‘Differences’

One of the three co-founders of Canaan Creative, maker of the Avalon cryptocurrency mining equipment, has stepped down from the Chinese company’s leadership. According to government business registration data updated on Jan. 30, Xiangfu Liu will no longer serve as a board member at the Hangzhou-based Canaan Creative – a role he had served since […]

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Norway Ends Power Tax Subsidy for Bitcoin Miners

The Norwegian government has scrapped a power subsidy currently granted to bitcoin miners. According to a report from local news outlet Aftenposten, in its state budget, the government said that cryptocurrency miners in the country will have to pay normal electricity tax from the New Year. At the moment, larger mining firms receive the same electricity […]

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