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Bitcoin Mining Difficulty Sees Biggest 2019 Drop as Hash Rate Spikes

Bitcoin (BTC) mining difficulty adjusted downwards more than at any time since its 2018 price low on Nov. 8, data shows. As noted by entrepreneur and cryptocurrency commentator Alistair Milne on Monday, difficulty fell by around 7% after the network’s latest readjustment. Difficulty reveals Bitcoin network maneuveringMining difficulty refers to the

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Rep. Davidson Sees Place for Blockchain in US Manufacturing Despite Congress’ Concerns

United States pro-crypto Congressman Warren Davidson (R-OH) has once again called for clear regulations of blockchain industry to maintain U.S. economic dominance.On Nov. 4, Davidson published a letter in the Wall Street Journal in response to an Oct. 24 report on automation in manufacturing. The congressman urged the U.S.

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Binance Bitcoin Futures ‘Attack’ Sees FTX Exchange Face $150M Lawsuit

Cryptocurrency derivatives exchange FTX has received a $150 million lawsuit for market manipulation and selling unlicensed securities in the United States. Uploaded to social media by End of the Chain podcast host Samuel McCulloch on Nov. 3, sections of the lawsuit document show FTX accused of “attacking” fellow exchange

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SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year

SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year.Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed

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Upheaval at Bitcoin Mining Giant Bitman sees Jihan Wu Return to the Helm

Bitcoin mining giant Bitmain is once again reportedly undergoing an upheaval within its upper hierarchy. Bitmain’s ex-figurehead Jihan Wu seems to be calling the shots, dismissing co-founder Micree Zhan. The news of the organizational restructuring at Bitmain comes as mining rival Canaan is moving forward with its U.S. IPO. Micree Zhan

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