Open letter to the Burstcoin Community

Our journey has been long, but we are in this together. Gather around friends, as we share our thoughts on the current state of Burstcoin and the road that lies ahead. The Darkness In 2019, when the BAT and BMF team took over the development responsibilities, following the cloak-and-dagger departure of our predecessors, the Burstcoin community was in a state of hopelessness and despair. To New...

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The cryptocurrency market continues to be in an upward trend

Cryptocurrency expert Willie Wu says that bitcoin is rising in price. He also thinks that most altcoins are going up in price too. And there are a lot of people joining the bitcoin market for the first time who buy it when its price is lower, because they have a good chance to get it at a good price. A key to reading this chart is to know that BTC user count has roughly doubled every year since...

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China Bans Bitcoin Mining: Are Chinese-Based Miners Expected to Immigrate Overseas

China’s largest miner has said that he will no longer offer a service where people outside of his company can mine cryptocurrency. This is news from Colin Wu, a reporter on Friday. The government announced that bitcoin mining and trading among other financial risks are to be controlled. Zhuoer notes that the co-mining service only accounts for a small fraction of their computing power. The...

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Crypto Mining Generates a New Kind of Demand for Hard Drives

Shares of hard drive companies jumped amid the excitement around a new type of mining caused by the cryptocurrency Burst. The excitement around “green bitcoin” pharming has sent shares of hard drive companies soaring. At the time of writing, the value of Seagate (STX) and Western Digital (WDC) shares rose by an average of 6.3% per day. At the same time in the weekly interval the...

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What Exactly Happened to Bitcoin and What It Means for the Future?

On May 17, the prices of crypto currencies dropped because Tesla’s CEO said something. This means that the main digital coin will change too, and whether or not Tesla can sell its currency in the near future. On May 17, the price of bitcoins on the cryptocurrency exchange Binance fell to its lowest since early February – up to $ 42.1 thousand. At 13:20, the value of the main...

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Crypto-Exchanges Forcibly Closed Positions of 304,000 Users

Over the past 24 hours crypto-exchanges forcibly closed positions of 304 thousand users. One of them lost $90 million. Crypto traders lost $2.4 billion in 24 hours as bitcoin fell to its February low of $42,100. According to bybt service, 304 thousand users of trading platforms were forced to close their positions over the past 24 hours. One trader lost $90 million on a trade in bitcoin. Bitcoin...

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Ethereum Co-Founder Destroys 90% of Shiba Inu Tokens

Vitalik Buterin threw away 90% of the fake coins that were in his wallet. He promised to donate another 10% to charity. Ethereum co-founder Vitalik Buterin burned 90% of the Shiba Inu tokens that were stored in his wallet by sending them to a non-existent address. In total, Buterin destroyed 410 trillion tokens worth $6.5 billion. Earlier, the developers of Shiba Inu sent 505 trillion tokens to...

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Binance Under Scrutiny: The Elusive Cryptocurrency Exchange

On May 13, we found out about the U.S. Justice Department and the Internal Revenue Service inspections on Binance. What could lead to this interest in the company from these authorities? How will it affect Binance’s own token trading platform? Yesterday (May 13), the U.S. Department of Justice and the Internal Revenue Service started to investigate Binance, which is one of the...

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146,000 Terabytes of Disk Space for BitCoin Mining

China’s game developer will get 146 terabytes of disk space to mine cryptocurrency. A company traded on the NASDAQ stock exchange in China has signed contracts for $5.7 million worth of equipment and cloud services to mine Chia Coin. This will give them 146,000 terabytes of space to use for mining. The Chia Coin token runs on the Chia Network blockchain, which was created by American...

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Bitcoin Prices Fall, Trading at $50,900: Will the Fall Continue?

This week, the price of the main cryptocurrency fell to an 11-week low of $46,000. Will the fall continue in the next few days or will the cryptocurrency market begin to recover from the collapse? Over the past seven days, bitcoin has fallen in price by 10% and is trading at $50,900 at 20:00, according to CoinGecko. This week, the value of the main cryptocurrency fell to an 11-week low of...

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News From the Past Business Week

The investigation into the world’s largest cryptocurrency exchange, Ethereum stocks decline to their lowest level in two years and other news from the past business week. A spacecraft will be launched into space by a Falcon 9 rocket next year. The Shiba Inu token surged 164% when it was listed on the cryptocurrency exchange Binance. The platform added the ability to trade the digital coin...

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Popular Trader Explains Why One Should Not Bet Against the Altcoin

A popular TradingView analyst, Sergey Zhukov, explained that someone should not bet against the altcoin because its rate may go up soon. Experts might not agree with the opinion of the editorial board. The “RBC-Crypto” does not give investment advice, it is only published for introductory purposes. Cryptocurrency is a volatile asset that can lead to financial losses. In May,...

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