Bitmain launches new Antminer S19 series

President Virgin Galactic: Everyone should have 1% Bitcoin in their portfolio

Chamath Palihapitiya, president of Virgin Galactic space airline and founder of investment firm Social Capital, said everyone should own 1% of assets in Bitcoin.

The statement was made in an interview given to the CNBC television station.

“The largest cryptocurrency in the world is a” fantastic “security asset. Bitcoin is completely uncorrelated with the world and the way the world works ”,

said Palihapitiya.

He said he has long been a supporter of Bitcoin, which he considers to be a type of insurance that can protect in times of crisis.

“In peace you accumulate a position and then you never look at it again and you hope that insurance will never be needed. But if need be, it will protect you, “

said Palihapitiya.

Hong Kong is preparing to implement new measures for the crypto industry

Hong Kong Financial Secretary Paul Chan said new measures to regulate the crypto industry will be implemented this year. According to the statements made in his annual budget speech, they will be based on FATF recommendations.

The new regulations could increase the pressure placed on crypto exchanges, OTC offices and brokers in the region. Hong Kong is a global hub of the crypto industry, and such entities are already being monitored by the Hong Kong Monetary Authority (HKMA).

In December, the authority recommended that digital service providers (VASPs) remain vigilant in self-regulating activities:

“Authorized institutions should keep abreast of local and international developments to understand the risks and to apply an approach that supports responsible financial innovation, as well as efficient risk management of AML / TF,”

said the director of HKMA at the time.

Bitmain launches new Antminer S19 series

Hardware maker Bitmain launches new Antminer S19 series Antminer S19 and S19 Pro, two new SHA-256 mining equipment offering improved performance.

Antminer S19 is capable of a hash rate of 95 TH / s, while the Pro version has 110 TH / s. The energy efficiency of the equipment ranges from 34.5 J / TH to 29.5 J / TH.

The Antminer S19 series is equipped with a special chip, with improved architecture, which considerably reduces energy consumption. The new firmware introduces faster startup speed and a smart control mechanism to ensure the best mining experience.

Given that Bitcoin is approaching the reduction of block rewards, sales in the Antminer 19 series are expected to be a success.

Changpeng Zhao resumes conflict with Craig Wright

Binance exchange CEO Changpeng Zhao was one of the most prominent actors in the crypto space who criticized Craig Wright. This week, he reiterated on Twitter his opinion that Wright is a scam:

“CSW is a fraud. Investing in a fraud never ends well. Time will prove reality. “

CSW is a fraud. Investing in fraud never ends well. See below. Time will tell. https://t.co/OIxbZguhnv

– CZ Binance ??? (@cz_binance) February 24, 2020

Wright, on the other hand, has been the focus of several legal issues in recent months. In the lawsuit filed by Dave Kleinman’s heirs, a Florida judge ordered Wright to prove the private keys to Bitcoin deposits. Since then, Wright has tried all kinds of strategies to prove that he is the creator of bitcoin, but that he does not have access to cryptocurrencies obtained as such.