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Post-Halving Reality: 17% Of Miner Revenue is Coming From Fees
In the post-halving reality, Bitcoin miners revenue has dropped by over 60 percent.With the block reward cut in half, miners are relying on Bitcoin (BTC) transaction fees to sustain themselves to a much greater extent.Miners lost 61% of their revenueMay 10, miners earned 2188 BTC, May 12, this number fell to 852 BTC — a 61% drop. The halving of t..
May 16, 2020 Read More
Lawsuit Claims Nvidia Misrepresented $1B in Sales to Crypto Miners
An amended complaint accuses Nvidia of misrepresenting over $1B in sales to downplay the firm’s reliance on sales to crypto miners.An amended class action complaint filed against Nvidia Corp has accused the firm of violating the Securities Exchange Act by downplaying the extent to which its gaming revenues relied on GPU sales to cryptocurrency mi..
May 16, 2020 Read More
Blockchain Interoperability, Ethereum Classic to Upgrade + More News
Blockchain newsAccenture and Fujitsu Laboratories are jointly developing a blockchain interoperability solution, per a press release published by Asahi. The project is named Hyperledger Cactus, and its masterminds say that it will be an open-source blockchain project that can link public and private blockchain networks. Accenture says it began work..
May 16, 2020 Read More
Huobi Global
Founded in 2013 by Leon Li, a former computer engineer at Oracle, Huobi Global is a digital asset and cryptocurrency headquartered in Singapore. Huobi also has local exchanges in South Korea, Japan, and through its strategic partner, the United States (also under the brand name Huobi).In 2018, Bloomberg reported that Huobi processed between $600 mi..
May 16, 2020 Read More
