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Bitmain Released New Mining Machines For DOGE And LTC

Bitmain released new mining machines for DOGE and LTC and it is almost twenty times more powerful than the last ones so let’s read more in our latest Litecoin news today. China-based blockchain journalist Colin Wu tweeted during the Antimner L7 expo and discussed the hashrate of the new machines is nineteen times faster than […]

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Bitmain released new mining machines for DOGE and LTC and it is almost twenty times more powerful than the last ones so let’s read more in our latest Litecoin news today.

China-based blockchain journalist Colin Wu tweeted during the Antimner L7 expo and discussed the hashrate of the new machines is nineteen times faster than L3+. Graphics card manufacturer Nvidia has also put a premium on mining hardware this year. During an exposition in Chengdu today, Bitmain released new mining machines designed for mining LTC and Doge as per a tweet by Colin Wu.

Wu reported the new miner, the Antminer L7 with a hashrate of 9500MH/s and requires 3425 watts to run and the L3+ Bitmain miner on the contrary is still advertised on Amazon as the most powerful Litecoin miner with a hashrate of 504MH/s. Bitmain’s new model retails for 100,000 yuan per unit and the company offers an overseas discount of 13% and expects to deliver the first miners by November this year.

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To make the most of the year’s bull run miners sucked up the world’s supply of graphics chips and CPUs so the only miner listed on Bitmain’s website and the s19j is sold out so others are listed as “coming soon.” And this is not just Bitmain. PC gaming diehards were struggling to get their hands on the new NVIDIA chips so powerful GPUs like the company’s GeForce RTX 3080 and more that are for gamers were very efficient at mining crypto especially Ethereum.

nvidia

Nvidia announced it was cutting the hash power of the units and then it announced its own Ethereum miner, the CMP or Crypto mining processor. At the end of the last month, Quartz reported that there was a global shortage of Nvidia chips that pumped a resale price by about 300%. while the crypto market is no stranger to fluctuation which is a bad day today with prices down by 5% and a feverish demand for the new hardware showing that in mining circles at least, crypto is expected to stick around.

Nvidia announced that it will cut the power on these units and it then announced that its own ETH miner the CMP or crypto mining processor so at the end of last month, Quartz reported that the shortage of Nvidia chips pumped release prices by about 300%.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/dogecoin-news/bitmain-released-new-mining-machines-for-doge-and-ltc/

Blockchain

CBDCs Advance in Testing, 10 Different Countries Make Use of Currencies

As the CBDCs are advancing in testing, countries are utilizing CBDCs and have taken lead in the effort of the creation of Central Bank Digital Currencies.

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As the CBDCs are advancing in testing, a number of countries are making use of Central Bank Digital Currencies and have taken lead in the effort of the creation of CBDCs. Guardtime, the enterprise blockchain firm, has recently conducted a survey that shows that veterans from ten different countries would like to utilize a CBDC.

CBDCs Utilised by Different Countries as They Advance in Testing 

In a recently conducted survey, it was revealed that adults from ten different countries would likely use a Central Bank of Digital Currency.

Around ⅔ of the three respondents said that they are going to use a CBDC after the introduction and most of the participants of the study believe a major CBFD is going to be introduced within 3 years. 

Founded by Christopher Leiter and Mike Gault, Guardtime has recently conducted a survey throughout ten major economic regions, Europe, North America, United Arab Emirates, and Asia.

The study has found that around 64% out of all the participants that were there in the survey would likely leverage a CBDC if their country happened to launch one. 

Around 33% of the respondents revealed that they were likely to use a CBDC if a major one was introduced. 

Guardtime Study Says Company Works With Central Banks

As per the study of the company, it is working with different central banks around the world and it believes:

“That the introduction of central bank digital currencies could upend the global economic order.”

In addition to this, the research report notes:

“Around one in three adults (33%) would be willing to convert their savings into a CBDC within a month.  Another 26% would do so within one to six months. Just 11% say they would never convert savings into a CBDC.”

The study adds:

“Up to 30% would be happy to have their salary paid in a CBDC within a month with another 27% following within one to six months. Around 12% would never accept being paid in a CBDC.”

READ  Ripple (XRP) Price Following Uptrend: Can Bulls Take Over?

#CBDCs #Central Bank Digital Currencies

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Source: https://www.cryptoknowmics.com/news/cbdcs-advance-in-testing-10-different-countries-make-use-of-currencies

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Damon Dash of Roc-A-Fella Sells NFT for $10M in Ethereum Linked to Jay-Z Album

Damon Dash of Roc-A-Fella was sued by the firm for trying to sell an NFT on Ethereum that was linked to the Reasonable Doubt of Jay-Z.

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As reported last month, Damon Dash of Roc-A-Fella was sued by the firm for trying to sell an NFT on Ethereum that was linked to the album named Reasonable Doubt of Jay-Z. Generally, when artists try to cash in by generating an NFT of a song, they are just talking about a file that is linked with the music.

Damon Dash of Roc-A-Fella Sued For Selling NFT in Ethereum Linking to Jay-Z Album 

Talking about an NFT, it stands for a Non-Fungible Token, which is just a kind of distinct cryptocurrency that is linked to a file. Well, making a purchase in an NFT gets you the token and a copy of the file, nothing more. 

Moreover, in accordance with the filing by Roc-A-Fella, Dash was allegedly trying to sell the ownership of the copyright to Reasonable Doubt along with the non-fungible tokens

In addition to this, the label mentioned that while Dash may own 1/3rd of the firm, he does not own the copyright to any individual recordings, and can not sell what he does not possess.

As recently reported, Dash is trying to auction off his complete stake in Roc-A-Fella. He announced:

“A new NFT called “It’s The Roc,” which a description promises “will be gifted to the highest bidder on Damon Dash’s 1/3 interest in Roc-A-Fella Inc.”

NFT Made Available to View OpenSea and Foundation

An explanatory blurb on the website Dashnftgallery.io read:

“Damon Dash is auctioning his ⅓ interest in Roc-A-Fella Inc. which owns Reasonable Doubt, Jay-Z’s first album.”

Selling this type of equity is not something that you can do via an NFT auction alone, It’s The Roc, is importantly a non-binding promise from Dash that he is going to sell you his own stake in the firm, at some unspecified point in the future.

Also, it should be noted that there is no limit on what you can send the address, but the site requires a minimum bid of $10,000,000 or equal to this in Bitcoin, Ethereum, Pounds, Euros.

READ  Diem Association Announce Plans for Stablecoin, Shifts to U.S.

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Source: https://www.cryptoknowmics.com/news/damon-dash-of-roc-a-fella-sells-nft-for-10m-in-ethereum-linked-to-jay-z-album

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Amazon Wants to Hire A Blockchain Executive Lead

Amazon has posted a job advertising on its website for a digital currency and blockchain executive lead, signalling potential crypto integration.

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Amazon has placed a job advertisement for a digital currency and blockchain executive lead on its website, indicating future crypto integration.

Amazon Posts A Position For A Blockchain Executive Lead

The job description seeks for someone to “own the vision and strategy for Amazon’s Digital Currency and Blockchain strategy and product roadmap,” as well as someone with a “Deep grasp of the digital / cryptocurrency ecosystem and associated technologies.”

The position would be located inside Amazon’s Payments Acceptance & Experience team and would “create Amazon’s Digital Currency and Blockchain strategy and product roadmap.”

While this appears to be a key position within the firm, it is not the only one based on blockchain. A job search for ‘blockchain’ on Amazon’s job board yields 73 results for various blockchain specialist and development positions.

“We believe that the future will be built on new technologies that enable modern, rapid, and inexpensive payments, and we intend to offer that future to Amazon customers as quickly as possible,” the company declared, according to Business Insider’s Eugene Kim.

Amazon Does Not Accept Cryptocurrency As Payment For Its Items

Amazon Web Services, the company’s cloud-computing division, provides a managed blockchain solution. 

However, Amazon does not accept cryptocurrency as payment for its items. Amazon CEO Andy Jassy (then CEO of AWS) stated in 2017 that the business was not especially focused on blockchain technology, while he admitted that Amazon was “watching it closely.”

Bitcoin and other digital currencies have gained in popularity in recent years, leading to increased institutional use. Facebook, which has funded a digital currency initiative called Diem, is another example of a technology company warming up to cryptocurrencies. 

In May, Apple said that it was seeking for a lead negotiator to form agreements with “alternative payments” partners, with cryptocurrencies listed as one possible area of competence.

READ  CRC’s Ratings Good News For BAT, IOTA; Not For Ripple

#Amazon #Amazon AWS #Amazon jobs #Amazon’s Digital Currency and Blockchain strategy #Amazon’s Payments Acceptance & Experience team #Andy Jassy #Blockchain #Crypto integration #Diem Digital Currency #Eugene Kim

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Source: https://www.cryptoknowmics.com/news/amazon-wants-to-hire-a-blockchain-executive-lead

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Canadian Border Town Halts Crypto Mining to Draw Up Regulations

Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations with a 90-day moratorium on new miners.

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Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations. The town has imposed a 90-day moratorium on new crypto miners, during which it will draw up fresh regulations to ensure that mining facilities and rigs are prevented from littering areas.

Canadian Border Town Suspends Crypto Mining Operations

As per a report published by the Associated Press, Massena has suspended all new mining operations for Bitcoin and other cryptocurrencies for 90 days. The town’s supervisor Steve O’Shaughnessy said that the decision was taken after trailers filled with mining equipment started popping up on the main road.

“We don’t want Massena to be filled up with these sea boxes throughout the town,” he asserted. “We don’t want it littered with these trailers that are pumping out Bitcoin.”

Town officials are planning to leverage the 90-day restriction to formulate rules that keep Massena’s roadsides uncluttered and make mining facilities more “presentable.” 

“We just want to make sure if they’re going to come here, that it’s a nice presentable building,” O’Shaughnessy stated.

Meanwhile, the town’s power supplier Massena Electric is in negotiations with three crypto miners. According to a WWNY report, the company is making sure that any deal it makes with these businesses protects its customers, who will also benefit from the increased sales. The energy supplier also has its own moratorium on working with new mining firms.

China’s Crypto Crackdown Brings Opportunities for Massena

Like many other North American towns, Massena has seen an influx of crypto miners ever since China banned mining operations in many of its provinces. Ousted companies scouring for greener pastures look towards the region for cheap electricity and legal support.

This bodes well for border communities that were hammered by job losses in factories for nearly a decade. The emergence of Bitcoin and other crypto mining companies indicates that new jobs are coming out and industrial activity is regaining its lost momentum in places like Massena.

As reported earlier, North America’s contribution to the global Bitcoin mining share is steadily increasing. The United States is now the second-largest hub for crypto mining with 17% of the world’s BTC miners. That is a staggering increase of 151% from last year’s mining rates in September. With more crypto miners flocking to the region, it’ll become easier for the industry to seek the support of regulators to continue their expansion in the future.

READ  Peter Schiff Says Tether Could Surpass ETH, Become 2nd Largest Crypto

#China Crypto Crackdown #Crypto Mining #Massena #North America

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Source: https://www.cryptoknowmics.com/news/canadian-border-town-halts-crypto-mining-to-draw-up-regulations

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