Cryptocurrency exchange company Binance is launching a crypto mining pool. On Tuesday, Russian news outlet Coinlife first reported the exchange’s plan to build a new bitcoin mining pool. The move was later confirmed by Binance CEO Changpeng Zhao in a Wednesday tweet.. Additionally, Zhao announced that there will be a series of new additions to Binance’s finance product line-up including ... Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. The world’s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. The move would give miner owners at BitRiver who choose to switch to Binance a better connection and direct route to ... Related: First Mover: Stablecoin Surge Might Herald Bitcoin Binge. Binance’s Base Layer Binance released a white paper detailing a new smart contract blockchain that might compete with Ethereum. The new Binance Smart Chain (BSC) would work as a smart contract layer running parallel to its existing Binance Chain, and incorporate a matching engine capable of fast trade executions and a new ... Why Binance’s New Debit Card Fails to Fulfill Satoshi’s Vision: Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator. Satoshi Nakamoto years ago envisioned an ecosystem that would be independent of the centralized financial system that dominates the global economy today. Creative glowing golden shiny bitcoin background. Cryptocurrency and e-commerce concept. 3D Rendering. Bitcoin has just ‘halved’ for the third time, a technical adjustment which happens every four years or so, and which bitcoin enthusiasts believe makes it valualbe.. The cryptocurrency’s ‘halving’ reduces the reward for using software to ‘mine’ bitcoin from 12.5 new coins to 6.25. Bitcoin mining—the process of generating new units of the currency by confirming bitcoin transactions on an online ledger called the blockchain—requires computing power, which is used to solve the complex mathematical puzzles used in the mining process. These problems are designed to become more complicated as more computers join the cryptocurrency's network. This is a problem. When one of the miners in a mining pool wins a block and rakes in the 12.5 bitcoin reward, the mining pool decides which transactions go into that block. Cloud mining services also enable users to purchase contracts for ASIC mining rigs within extensive mining bitcoin stocking that are operated by a third-party mining company. Anju Patwardhan, chief innovation officer at Standard Chartered, recently took to LinkedIn to share her opinion on the bitcoin blockchainnoting how it could help reduce credit card, money transfers and remittance costs ... Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region.. The world’s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. Poolin, the second largest bitcoin mining pool, is expanding its cryptocurrency lending and financial services businesses. The pool announced Monday that it has started working with U.S.-based crypto lender BlockFi, which will be acting like an interbank lender, providing a source of capital for Poolin.
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