Is using Bitcoins part of illegal or illicit activities? Steven Mnuchin, US Secretary of the Treasury, is stressing that bitcoin usage needs to be examined very carefully. It is vital that bitcoins are not being used for illicit purposes. Mnuchin claims that there is a very big possibility that bitcoins…
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Nvidia Report Suggests that Cryptocurrency Mining has Slowed in Q3
Nvidia Corporation, an American technology company, based in Santa Clara, California, is not worried about the recent downturn in the sale of cryptocurrency. Nvidia designs graphics processing units or GPUs for cryptocurrency mining, but this is a small part of the company’s portfolio. Bloomberg has reported that cryptocurrency mining-related…
The Mt. Gox Hack
In 2014, Mt. Gox, one of the largest bitcoin exchanges on the globe and based in Japan, was on top of the world. They handled 70% of all bitcoin transactions globally. However, the end of February brought ruin and bankruptcy to Mt. Gox. Mt. Gox lost almost 740,000 bitcoins…