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Blockchain

Crypto Winter Freezes New York Bitcoin Mining Industry

A unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it. The region made perfect sense for crypto miners during the “gold rush” days of 2017 and early 2018, and the increased […]

Bitcoin Mining Giant Canaan Raises ‘Hundreds of Millions of Dollars’

Canaan Creatives, the world’s second-largest bitcoin mining chipmaker, has raised ‘hundreds of millions of dollars’ in a new financing round. STCN reported that the latest funding pushed Canaan’s worth to at least a billion dollar. According to a study published by the Hurun Research Institute, Canaan’s valuation was close to $2.98 billion by the end […]

Bitcoin Mining’s Most Surprising Haven

CISCO’s Austin McBride delivered a shocking report at this week’s RSA Conference in San Francisco which claims that 22% of all crypto mining traffic comes from college campuses. Perhaps more interesting, CISCO found that 62% of all crypto mining traffic comes from the US. This is a shift from past years when Asian miners dominated […]

What Is a DAO?

A decentralized autonomous organization, or DAO, is a theoretical organization or company operated by code instead of people. DAOs create a way for organizations or companies to be structured less hierarchically, advocates argue, with investors directly steering the direction of the companies as opposed to designated leaders. DAO advocates believe Ethereum can breathe life into […]

Ross Ulbricht Loses Bid to Dismiss Federal Silk Road Suit

With the motion to dismiss all charges rejected, the case is now expected to move to trial with a 3rd November start date. Ulbricht, who has plead not guilty, faces life behind bars for charges that also include computer hacking and continued criminal enterprise, the latter of which carries a minimum sentence of 20 years alone. Source […]