Google and Apple Reveal How Covid-19 Alert Apps Might Look

As contact tracing plans firm up, the tech giants are sharing new details for their framework—and a potential app...

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Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
May05

Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions

Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s central city of Semnan. It is the biggest mining farm in Iran, say reports, as the country seeks to leverage bitcoin to ease the impact...

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7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miners Hoard
May05

7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miners Hoard

On May 3, the research and analysis firm Glassnode reported that the overall BTC hashrate touched another all-time high above 140 exahash per second. As miners continue to hash away at the network, there are only seven days left until the notorious block reward halving. Bitcoin Hashrate Climbs Past 140 Exahash per Second In a week’s time on May 12, 2020, the BTC blockchain will experience the third block reward halving since the...

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Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown
May05

Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown

Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation deteriorating “terrifyingly.” Lebanon’s Currency Crisis Protests erupted in Lebanon on Friday over the government’s...

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US Real Estate Market Shudders: Experts Predict 40% Lower Sales, March Contracts Dip by 21%
May05

US Real Estate Market Shudders: Experts Predict 40% Lower Sales, March Contracts Dip by 21%

According to the National Association of Realtors, pending contracts for property sales dropped by 20.8% in March. Further, the 30-year fixed mortgage interest rate dropped to 3.43%, but a great majority of people are still not interested in buying or renting homes at the moment. Economists predict that home sales could shudder in the next three months losing as much as 40% of activity. Data also shows that indebted Airbnb...

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