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Samsung Electronics is mass producing chips – called application-specific integrated circuits (ASICs) for mining Bitcoin and other cryptocurrencies. Samsung which operates one of the world largest semiconductor manufacturing factory announced in its fourth-quarter earnings that it expects to boost earnings this year due to increased demand for cryptocurrency mining equipment. A Samsung spokesperson told local media, “We are […]
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The Nigerian Senate on Tuesday asked the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, National Orientation Agency and Nigerian Stock Exchange to embark on a national awareness campaign against investment in Bitcoin and Ponzi schemes in Nigeria. This was due to a motion titled, ‘Urgent need to investigate the proliferation of Bitcoin, a form […]
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Korean crypto traders will need to identify themselves under new sweeping regulations regarding Bitcoin usage. It is hoped by associating real bank accounts with identifiable information to crypto accounts on exchanges, money launderers and criminals using bitcoin can be identified and prosecuted in Korea. Previously we reported the ambiguous position of South Korea on bitcoin […]
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Bitcoin prices have tumbled considerably shedding well over 16% of its value within 24 hours, With the majority of cryptocoins all showing red too, it seems markets have fallen like dominos as Bitcoin plummeted from the $14k range to barely above $11300 at the time of writing. We previously discussed the impact of Korean regulation […]
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