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Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. BitMax.io is a global operator of innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. The project’s roadmap has numerous user-friendly features, trader-focused services, and investment-grade solutions that can be used by crypto enthusiasts of all types. One of these, an innovative mining solution, will be launched, and first phase publi..
Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage. U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the payment processor has plans to allow merchants to interact with what it calls “blockchain currencies” via a new method of simultaneous crypto and fiat storage. Specifically, reference is made to “methods for managing fractional reserves of blockchain currency.” Mastercard has offered a mixed public stance on cryptocurrency in recent years, this month winning a further blockchain-related patent, while signalling along with Visa it may classify cryptocurrency and ICOs as “high risk.” In its new filing, the company appears to wish to apply principles of the fiat banking system, which it considers “are s..
Samsung has launched a new production process for its 7nm chips, making them more energy efficient, which could prove a boon for crypto miners. Samsung’s production wing, Samsung Foundry, has launched a new production process of its 7-nanometer (nm) Low Power Plus (7LPP) process node, which could reduce its energy consumption by up to 50 percent, according to an official press release Oct. 18. The new process, based on extreme ultraviolet (EUV) lithography technology, makes the new 7LPP chips more dense (area efficient) and energy efficient. This could have positive implications for crypto miners usings Samsung’s hardware, as energy costs prove to be a critical factor in the industry’s profitability. As mining hardware develops at a rapid pace, chips continue to become smaller and more efficient. In April, Samsung manufactured 10nm hardware for Halong Mining’s DragonMint T1. According to Samsung, the new EUV-based 7LPP process node is a big push of Samsung Foundry’s technology roadma..
Advertisement This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. WIZBL, a true dispersion ecosystem that optimizes transaction processes and verification speeds so blocks can be handled at 1 million transactions per second, aspires to bring the full democratizing benefits of blockchain technology to society worldwide. The platform, which eliminates data concentration on its central server and reduces central processing unit energy consumption while maximizing security, was inspired by founder and CEO Andy Ryu. He believes blockchain can work in tandem with nature to benefit all of humanity. WIZBL Coin completed its ICO earlier this year, and the technology has already been deployed to improve resource management in a developing country. The long-term goal is to provide a new global standard blockchain ecosystem based on WIZBL’s Blockchain Real-Time Ecosystem (BRTE). Ryu d..