Bitcoin Foundation executive director Lew Klaasen predicted that the price of bitcoin will rise to $40,000 this year, while 90% of other cryptocurrency projects are doomed to fail, Business Insider reports.
Experts say electricity consumption will increase by another 30% next month. The more digital currency “miners” connect to the network, the higher the hashrate is likely to become. Again, everything is decided by one aspect - whether the country can cover its electricity needs.
Originally developed to speed up and reduce the cost of cryptocurrency transactions, the technology was first used to work with Bitcoin. However, due to the growing popularity of altcoins, their developers are beginning to realize how necessary this technology is for working with cryptocurrency.
Ripple is confidently moving forward and strengthening its position. According to Bloomberg, Western Union CFO Raj Agrawal announced the start of the process of studying digital currency technology XRP, thereby confirming rumors about cooperation between the companies that had been circulating for about a month. So far, this news has not affected the XRP rate in any way.
In the third edition of the Forbes Fintech 50, a list of the 50 largest fintech companies of 2018, released on February 13, 11 of the 50 companies use blockchain technology or are in some way related to the cryptocurrency market.
According to Reuters, fewer than 100 of the 250,000 taxpayers (or 0.04%) who filed federal tax returns this year using Credit Carma reported income from crypto transactions.
The Lympo platform will take part in the organization of the Danske Bank Vilnius Marathon, which will take place on September 12 this year in Vilnius. 14,000 participants in the 10 km race will be awarded LYM tokens through the Lympo digital wallet.
IBTimes reports that Bitmain is developing Antminer F3, an ASIC miner for Ethereum mining. Production is planned to begin at the end of February, and the device will go on sale approximately in the second or third quarter of this year. As for the price, it will be $2500 - $3000.
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