Can You Use Bitcoin to Pay for Travel?

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  • November 30, 2018
  • Blog

When most people think of buying tickets for a flight, or making other travel-related purchases, they might reach into their wallet for their credit card.  But did you know you might be able to pay with a form of digital cryptocurrency, like Bitcoin? Bitcoin is a type of…

Bitmain Is Restructuring,” But Jihan Wu Still a Board Director

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  • November 5, 2018
  • Blog

Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring. Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue…

Bitmain on verge of losing chip supplier, debts mounting

  • webmaster
  • November 4, 2018
  • Blog

We have heard from multiple sources close to Bitcoin mining manufacturer Bitmain that the company is no longer receiving chips from its chief supplier Taiwan Semiconductor Manufacturing Company TSMC. Bitmain’s account with TSMC is reportedly in arrears to the tune of over $300 million. Bitmain owed TSMC $1 billion but could…

AMD: ‘Blockchain-Related GPU Sales in Third Quarter Were Negligible’

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  • October 25, 2018
  • Blog

“In its quarterly financial results report published Oct. 24, semiconductor manufacturer AMD reveals that “blockchain-related graphics processing unit (GPU) sales in the third quarter were negligible.” American semiconductor company AMD stated in its third quarter 2018 financial report that revenue rose to $1.65 billion, up 4 percent year-over-year, although the figure is below…

Bitmain’s New Firmware Update Reignites AsicBoost Controversy

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  • October 23, 2018
  • Blog

“ Chinese cryptocurrency mining giant Bitmain confirmed it would roll out a firmware update for so-called ‘Overt AsicBoost’ to all its Antminer models in a blog post-Monday, Oct. 22. Bitmain, which holds a monopoly on Bitcoin mining through its subsidiary mining pools BTC.com and Antpool, said the release would begin with its most recent Antminer S9 product, extending to older versions next…

Ethereum’s Constantinople Hard Fork Is Being Delayed Until 201

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  • October 19, 2018
  • Blog

‘Ethereum's next hard fork, dubbed Constantinople, will be postponed until early 2019, developers confirmed in a meeting Friday.  Initially targeted to activate in November this year, developers opted to postpone the hard fork push after several bugs were found in the code that was released on a test network. Now aiming for sometime in late…

3 Key Errors in the BIS Report on Bitcoin

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  • June 22, 2018
  • Blog

The Bank for International Settlements (BIS) released a report on cryptocurrencies over the weekend as a part of their 2018 Annual Economic Report. The intention of the report was to look “beyond the hype” and figure out if there are any real-world economic problems that can be solved by…

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