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| November 18, 2018

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CNN

Duterte goes after top Philippines news site

November 11, 2018 |

The Philippine Department of Justice has charged one of the country’s top media outlets and the company’s president with tax evasion.
CNN.com – RSS Channel – World

Woman goes on racist, homophobic rant on plane, reportedly threatens a flight attendant

November 10, 2018 |

An anonymous woman has made headlines across the internet for going on an expletive-filled tirade full of racist and homophobic slurs against her male seatmate.
FOX News

Bitmain’s New 7nm Antminer Goes on Sale on November 8

November 6, 2018 |

Bitmain Reveals 7nm Equipped Antminer Sale Begins Nov. 8

Mining rig manufacturer Bitmain Technologies has announced the company’s latest Antminers equipped with 7nm semiconductors will go on sale on Nov. 8. According to the China-based organization, Bitmain will release two new models called the Antminer S15 and the T15.

Also Read: Bitcoin Cash Fork Watch: BCH Infrastructure Providers Reveal Contingency Plans 

Bitmain Plans to Sell Its New Antminers This Week

Bitmain's New 7nm Antminer Goes on Sale on November 8Bitmain will soon be selling new Antminers equipped with 7nm semiconductor technology. The company published a statement on Tuesday, detailing that the two latest models, the S15 and the T15, will be available for purchase on Thursday, Nov. 8 at 9 a.m. EDT. News.Bitcoin.com reported on Bitmain’s next-generation ASIC BM1391 Finfet chip during the second week of September when Bitmain CEO Jihan Wu revealed the new technology. The 7nm chip was created by Bitmain and the world’s largest independent semiconductor foundry TSMC.

“We are officially announcing the release of our new 7nm miners which possess industry-leading hash rates designed to mine with the SHA256 algorithm,” Bitmain explained on Twitter.

Bitmain's New 7nm Antminer Goes on Sale on November 8

Bitmain Claims Chip Energy Efficiency Ratio Will Be as Low as 42 Joules per Terahash

Bitmain's New 7nm Antminer Goes on Sale on November 8
Bitmain announced the sale on Twitter and Wechat on Nov. 6, 2018.

The company’s website has one preview photo of the machine, which looks far different than the previous Antminer series. At the moment the website overview, pricing, specifications, and photo gallery is unavailable for public viewing. However, the company’s announcement on Wechat explained that the S and T series are SHA256 miners that can mine bitcoin cash (BCH) and bitcoin core (BTC) with the mining capacity as low as 42 joules per terahash.

“The next-generation of chip integrates up to 1 billion transistors and is optimized algorithmically — With a unique circuit structure and low power technology, the chip energy efficiency ratio will be as low as 42 J/TH,” the Bitmain announcement explained on Wechat.

Of course, the difficulties of both the BTC and BCH chains coupled with the S and T series pricing will determine how profitable the new devices will be mining these cryptocurrencies. Further, Trump’s latest tariffs may affect prices for those who are importing Antminers to the U.S. There’s also a lot of competition that’s been announced over the past few months as a few other manufacturers are planning to launch next-generation machines. For instance, Canaan’s Avalon 911 will be powered by a 7nm semiconductor, and the firm claims it will perform at 18 terahashes per second (TH/s) and have a power consumption of 1440w.

What do you think about the new Antminer S and T series equipped with 7nm chips? Let us know what you think about this subject in the comments section below.  


Images via Shutterstock, Bitmain, and Pixabay. 


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The post Bitmain’s New 7nm Antminer Goes on Sale on November 8 appeared first on Bitcoin News.

Bitcoin News

Brazil’s Tax Authority Goes After Cryptocurrency Profits

November 3, 2018 |

Brazil's Tax Authority Goes After Cryptocurrency Profits

Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to the authority each month.

Also Read: Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful

  Draft Tax Guidelines Compel Exchanges to Furnish RFB With Monthly Financial Reports

Brazil’s Tax Authority Goes After Cryptocurrency Profits

In proposals released earlier this week, the RFB stated that all digital currency exchanges in Brazil are now required to provide monthly updates of financial performance, including personal information of dealers. The ancillary obligations are for tax compliance purposes and also to prevent alleged money laundering, the regulator said. RFB indicated that this will help bring transparency and confidence to a sector that in the last five years has seen explosive growth – so big that the number of cryptocurrency investors has eclipsed that of those trading in common stocks on Brazil’s Sao Paulo-based B3 Stock Exchange.

The draft means that traders would no longer be able to operate anonymously. Until now, anybody buying and selling bitcoin and other digital currencies have been able to do so anonymously, allegedly making it attractive to criminals and tax dodgers, the authority claims.

According to the RFB, Brazilian residents and companies that transact more than 10,000 reals (about $ 2,700) on foreign cryptocurrency exchanges per month are required to report this information. Individuals who fail to comply by delaying tax declarations face a fine of $ 400 while a three-percent fee on the transaction value will be levied against those who lie about their income or provide insufficient information.

Brazil’s Cryptocurrency Industry Sees Rapid Growth

The value of cryptocurrency traded on exchanges in the Latin American country has swelled from just $ 12.1 million in 2014 to $ 2.24 billion at the end of last year, as investors piled into an industry which thrives on anonymity and less regulation. The Department of Federal Revenue of Brasil has guided trade volumes to reach between $ 4.86 billion and $ 12.15 billion this year.

Brazil’s Tax Authority Goes After Cryptocurrency Profits

“The numbers, and their annual growth, demonstrate the relevance of the cryptocurrency market in Brazil, especially for the tax administration, since these transactions are subject to income tax on capital gains,” the RFB detailed. “The search for anonymity, which is one of the main attractions for the use of certain cryptocurrencies, must always be fought, including by the tax authority.”

The tax collector is accepting public input to the draft guidelines between now and Nov. 19. The proposals come in the wake of a recent court ruling which compelled Banco do Brasil and Banco Santander to reopen the bank accounts of cryptocurrency exchange Bitcoin Max that were closed in September without explanation. The two banks have since reactivated the accounts to avoid paying fines of between $ 1,350 and $ 5,400.

What do you think about the cryptocurrency proposals in Brazil. Let us know in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.

Bitcoin News

Explosive device goes off in Washington state; suspect sought, police say

November 1, 2018 |

Authorities in Washington state are seeking the person responsible for an explosive that detonated Wednesday afternoon, police said.
FOX News

Ferrell Goes Door to Door for Georgia Campaign

October 29, 2018 |

Numerous Hollywood heavy hitters have donated to the Stacey Abrams campaign, but Will Ferrell has gone further than most. The actor went door-to-door for the Democrat’s campaign for governor over the weekend, encouraging people to vote early, TMZ reports. “If you guys turn out, there is no question,” he told…
Newser

TMZ

Will Ferrell Goes Door-to-Door for Georgia Governor Hopeful Stacey Abrams

October 28, 2018 |

Stacey Abrams already has Hollywood in her corner in her bid to be Georgia’s new governor — and now she’s got one of its leading men canvassing for her … Mr. Will Ferrell. Will was on the ground this weekend, going door-to-door for Abrams’…

TMZ.com

Rapper Dies When Plane Wing Stunt Goes Horribly Wrong

October 23, 2018 |

A Canadian rapper was attempting to perform a stunt on the wing of a plane when things went very wrong. Jon James McMurray, who recorded as Jon James, had been training “intensively” for months for the project, which involved him rapping while walking on the wing of a plane as…
Newser

CNN

Kanye West goes on pro-Trump rant at the White House

October 12, 2018 |

Rapper Kanye West met Thursday with Donald Trump, telling the President in an Oval Office meeting before reporters why he supports the Republican.
CNN.com – RSS Channel – World