ARAB NEWS: RIYADH – According to data released Wednesday by the Cambridge Center for Alternative Finance in Britain, the US has taken over China as the top bitcoin miner.
The “hash rate”, China’s share in the power of computers connected via the global bitcoin network was zero in July, down from 44% in May and as high as 75% in 2019, the data showed. Other miners have picked up the pieces, with mining equipment manufacturers shifting their focus to North America and Central Asia and larger Chinese miners moving along with them, even though it is fraught by logistical challenges. As a result, the US now accounts for the largest share of mining, some 35.4 percent of the global hash rate as of the end of August, followed by Kazakhstan and Russia. Use Chinese yuan Binance, the largest cryptocurrency exchange in terms of trading volume, will no longer use the Chinese Yuan on its peer to peer trading platform. This is the latest move of major global cryptocurrency exchanges after a fierce crackdown on the sector. It will remove the Chinese yuan section of its consumer-to-consumer platform on Dec. 31 this year, and mainland Chinese users will have their accounts switched to “withdraw only mode,” Binance said in a statement. Binance’s origins are in China. However, Binance stated in a statement it withdrew from China in 2017, during a regulatory crackdown. OKEX, another cryptocurrency exchange originating in China, also stated Wednesday that it had switched its core business to international markets from 2017. It also stopped providing services and promotion to the mainland China market. Regulation Given the sector’s rapid growth rate and the time required to agree on new standards for cryptocurrency, regulators need to move quickly, Bank of England Deputy Governor said. Jon Cunliffe stated Wednesday. “Regulators in many countries and jurisdictions have started the work. Cunliffe stated that it was urgent to pursue this matter at the SIBOS conference. Global regulators suggested last week that the systemic clearing house and payment systems safeguards should be extended to stabilizecoins. “It took two years to draft this measure, during which stablecoins have grown 16-fold,” Cunliffe said. Trading Bitcoin dropped by 2.04 percent to $55,698. 90 at 5. 41 Riyadh time Wednesday, while Ether traded at $3,492. 32, down by 0. According to CoinDesk data, 44 percent is down by 0. “Current market cap of Bitcoin reaches 1 trillion once again, while approaching $55,000 and more,” Abdullah Mashat, managing director of a private Saudi company, told Arab News. He stated that the price movement had surpassed 50 percent over the last three months after the recovery from China’s mining ban, which had affected more than two thirds of the Bitcoin network.
ALISO VIEJO, Calif.–(BUSINESS WIRE)–BrainChip Holdings Ltd (ASX: BRN), (OTCQX: BRCHF), a leading provider of ultra-low power high performance artificial intelligence technology, today announced that Chief Development Officer Anil Mankar will present “Intelligent Edge AI: The Future is Now” at the Linley Fall Processor Conference 2021 in the Hyatt Regency Hotel in Santa Clara, California, October…
Artificial intelligence (AI), which has seen rapid growth over the past few years, is mainly due to the development of deep neural networks and artificial intelligence computing technology. Experts believe that there will come a time when artificial intelligence will exceed human intelligence, or be able to do many tasks better than humans.
Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs handle and boost their online sales, will cater to a rapidly expanding online economy in Russia, as well as to clients hoping to grow their international presence. Tinkoff has hired Ilya Kretov, formerly…
WASHINGTON – As part of its mission to recruit diverse cybersecurity talent and build the workforce of the future, the Cybersecurity and Infrastructure Security Agency (CISA) has awarded $2 million to two innovative organizations for development of cyber workforce training programs. The NPower and CyberWarrior organizations, which received the awards, will focus on the unemployed…
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