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A nuclear scientist has been fined 450,000 rubles (£6,000) for illegally mining bitcoin at a top secret facility in Russia, according to local reports. Denis Baykov was one of three scientists at a nuclear laboratory in Sarov ...
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A fire at a major bitcoin mining farm in China has destroyed millions of dollars worth of equipment, according to reports. The incident took place on Monday at a data centre operated by Innosilicon, according to bitcoin mining e...
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Bitcoin has been hit by a dramatic plunge, wiping a fifth off its value. The same very rapid drop has hit the entire cryptocurrency market, with around 20 per cent being wiped off all of the biggest digital currencies. The price o...
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Why it matters: The energy consumed to mine cryptocurrency is as much debated as it being an alternative to conventional currencies. A study conducted by researchers in the University of Cambridge reveals that Bitcoin, which is on...
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Why it matters: Although minor in the grand scheme of things, the move helps to further legitimize Bitcoin as a viable alternative to fiat currencies, both in terms of trust and increasing adoption. It may also appeal to those who...
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In brief: Binance, the world’s largest cryptocurrency exchange by volume, has been hit with a “large scale” data breach in which 7,000 bitcoins worth around $40.7 million were stolen. The company announced that the breach wa...
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What just happened? Is the cryptocurrency market finally seeing a resurgence? It’s starting to look that way after Bitcoin, the largest of all the virtual currencies, briefly passed $5000—its highest value in four months. Othe...
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What just happened? Is the cryptocurrency market finally seeing a resurgence? It’s starting to look that way after Bitcoin, the largest of all the virtual currencies, briefly passed $5000—its highest value in four months. Othe...
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Why it matters: Bitcoin’s rise from irrelevance to the world’s leading cryptocurrency and the influence it has had on finance and security (blockchain tech) is nothing short of miraculous. A decade is an eternity in te...