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bitmain, centralization, eth, ethereum, mining, problem -

As Ethereum (ETH) struggles to break free of its steep downward trend, rumors of a new Bitmain ASIC mining rig continues to hold the price down. A CHANGING LANDSCAPE FOR ETHEREUM MINING Rumors are swirling through the cryptocurrency market in regards to a new ASIC mining rig from Bitmain, built specifically for Ethereum mining. According to a CNBC report cited by TechCrunch, the rumors surfaced after analyst Christopher Rolland visited China and learned of a new Ethereum-dedicated ASIC chip in development. Wrote Rolland in a note to clients: During our travels through Asia last week, we confirmed that Bitmain has already developed an...

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10000, bcash, bitcoin, bitcoin cash, btc, bullish, crypto, cryptocurrency, eth, ethereu, ethereum, gain, large, litecoin, market, surges, xrp -

Over the past 24 hours, the cryptocurrency market has recorded large gains, as every major cryptocurrency including bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin recovered in value. Bitcoin and Ethereum Bitcoin demonstrated an 11 percent increase in price, moving closer to the $10,000 mark, which analysts often describe as the psychological threshold for the cryptocurrency. As CCN noted in the past, because the market tends to follow the trend of bitcoin in terms of massive volatility, over the past 24 hours, most cryptocurrencies have followed bitcoin’s upward momentum. Since yesterday, the price of bitcoin rose from $8,840 to $9,900, by...

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