Crypto Should Be Judged By Economic Role, Not Tech Design: ASIC Fintech Chief
Most harm done to consumers in the crypto space has come not from the tokens themselves, but from the platforms handling them — the exchanges, custodians, lenders, and yield services. Related Reading: Iran Conflict Noise Sends Crypto Higher, But Analysts See Limited Upside That finding sits at the center of a new paper delivered this […]
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A tech leader and software company director has said that the setup of a national FinTech organization will push New Zealand’s economic growth. Mitchell Pham, tech leader and director of NZTech, said that New Zealanders should care about FinTech as electronic interactions will play an important role across the country’s economy, according to Scoop News, a New Zealand news website. After gathering support from NZTech and the New Zealand government, FinTechNZ was launched last week. Pham is reported as saying that e-commerce as a subset of FinTech is important for the future of small to....
An Israeli company launched a bitcoin mining system this week that promises to eventually double existing power efficiencies. Spondoolies-Tech is touting mining rigs that will offer up to 2.1 TH/sec per kilowatt of energy today by the summer. The company has designed an ASIC chip that it says can achieve a similar performance to the design currently used by ASIC mining manufacturers such as Cointerra. The difference, says Spondoolies-Tech cofounder Guy Corem, is the process node. Cointerra uses a 28nm (nanometer) ASIC chip design, whereas Spondoolies-Tech uses a 40nm design. The process....
A leaked brief from Israeli bitcoin miner manufacturer Spondoolies-Tech has surfaced online, revealing more details about the RockerBox ASIC behind its SP-30 unit, which it bills as "the most powerful miner available". The manufacturer is gearing up to introduce its SP-30, codenamed Yukon, by the end of summer. With an effective hash rate of 5.4-6.6 TH/s at a nominal power consumption of 2,500W, the bitcoin miner comes in a 2 U rack with two 1,200W power supply units and is cooled by four 80mm fans. Spondoolies-Tech co-founder Guy Corem spoke with CoinDesk earlier this year on how the....
KnCMiner says it has finalized the design of what should be the world's first 20nm bitcoin ASIC miner. The company is still not saying much about the upcoming ASIC or the rollout schedule, it merely states that the 'tape-out' was achieved only three months after starting the project. The actual tape-out happened sometime in February. In electronics, a tape-out is the last stage of the design cycle for an integrated circuit. KnCMiner teamed up with Alchip and Advanced Semiconductors Technology (AST) to design and produce the chip. The company points out that its first generation ASICs were....
At the end of Barclays' 13-week fintech accelerator program, the bank announced that it signed contracts with eight participating companies, two of which are involved in blockchain tech. The Flatiron District in New York has been home to the newly-launched Rise fintech laboratory, following Barclays' initiative in London a few months back. "We've done it in London, invested heavily over the past two years to connect the ecosystem there, and we're doing it now in New York City," said Derek White, Barclays chief design and innovation officer to the New York Business Journal. Rise of....