Samsung CONFIRMS it’s manufacturing ASIC chips for Cryptocurrency mining

It’s incredibly difficult to find a mid-range or high-end graphics card that isn’t selling way above MSRP right now, and that is a direct result of cryptocurrency mining. Maybe (hopefully) that will change once Samsung starts shipping hardware designed specifically for mining. We’re not holding out hope that Samsung will prove a savior for gamers,…

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South Korea will NOT ban cryptocurrency exchanges, uncovers $600 million illegal trades

South Korea’s finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China’s tough action in blocking virtual coin platforms.   The comment by Kim Dong-yeon on Wednesday comes as traders at home and around the world have been spooked…

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Bitcoin prices plummets with the News of Government Subpoena

US regulators today subpoenaed one of the world’s largest cryptocurrency exchanges as questions mount over a digital token called Tether. A popular substitute for US dollars on various crypto exchanges, Tether provided an easy way for investors to ride out storms in volatile markets without removing money from the marketplace and converting it back to…

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Cryptocurrency ICO Prodeum Exit Scams Investors

  In addition to its website, Prodeum has since also purged its Twitter account. Similarly, TokenDesk – a website that promotes various initial coin offerings – has also removed Prodeum’s page from its platform. Instead, it now reads “404 Page Not Found.” According to its white paper [PDF], Prodeum was founded by four individuals going by the names of Petar Jandric,…

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Bitcoin/Cryptocurrency Payments Accepted by Japanese Electronics Retail Giant

Yamada Denki, one of the largest consumer electronics retail chains in Japan, has launched bitcoin payments at two Tokyo-based stores before a planned nationwide rollout in all its stores. Launched over the weekend, the retailer is now accepting bitcoin at a store based in Shinjuku, a major commercial center that houses the one-half of the…

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