Critical Mining Hardware Manufacturer To Launch Second US Factory
The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona.
The move comes after TSMC suffered significant disruptions across its supply chain amid the coronavirus outbreak in China.
With Bitmain relying on TSMC for its next-generation chips and wafers, disruptions to TSMC specifically have been cited among the reasons for delays in shipping for its new Antminer S19 ASICs.
TSMC to open Arizona factory
The factory’s construction is slated to commence next year, with TSMC hoping the facility will begin producing 5-nanometer transistors in 2024.
Roughly 1,600 jobs are expected to be created through the factory’s creation, with TSMC expecting to invest $12 billion into the facility between 2021 and 2029.
TSMC currently operates a factory in Washington and design centers in California and Texas.
Trump administration frames factory as security victory
TSMC’s decision to launch the Arizona facility has been welcomed by the Trump administration — described the United State’s reliance on Asian semiconductor and chip manufacturers as a national security risk for several years.
U.S. Secretary of State Mike Pompeo applauded the news, tweeting: “The U.S. welcomes TSMC’s intention to invest $12B in the most advanced 5-nanometer semiconductor fabrication foundry in the world.”
“This deal bolsters U.S. national security at a time when China is trying to dominate cutting-edge tech and control critical industries,” Pompeo added.
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An icy mountain in Norway’s Svalbard – an all but inhabitable, Arctic archipelago covered in glaciers and inhabited by polar bears – is an unlikely safe haven for cryptocurrency code, let alone a pillar of modern-day civilization.But it’s here, 250 meters underground in a forsaken coal mine, that GitHub has chosen to store reams of open-source code. That includes Bitcoin Core, by far the most popular code implementation of bitcoin‘s underlying infrastructure and one of the most used repositories on GitHub.As a part of an archiving program for safeguarding an important part of technological history, a “snapshot” of all this code will be copied onto film reels and stored in a steel container, all done in an effort to keep the data alive and unscathed for 1,000 years.The team is currently getting this data ready. The official deposit into the mountain is planned for late April, a GitHub spokesperson told CoinDesk.But, while Bitcoin Core is featured, most cryptocurrency projects stored on GitHub will also be included, including bitcoin‘s forward-looking Lightning Network, and the code behind other cryptocurrencies, such as ethereum…Apr 1, 2020
As talk of a return to alt season takes hold, Tezos demonstrates why. Since November 2019, XTZ has been in an upward trend, having gained 150% during that time.Moreover, as resistance (at $1.90) was broken with a recent spike up, analysts are optimistic about a further run-up from here on out. Especially so considering a lack of resistance having bested its previous all-time high of $1.94. Tezos price since its launch on Sept 18. (Source: tradingview.com)Tezos Performance Impresses With Strong TechnicalsTezos has been in sparkling form of late, having posted strong gains throughout February. But today sees a slight dip to $1.98 at the time of writing. All the same, Ionescu Doru HODL, who began charting Tezos’ break since November 2019, today tweeted a new chart. His latest chart shows a breakout from a descending channel, with price sitting significantly higher than a crossed 50-day and 200-day moving average. The conclusion is,,,,what it is and is looking sooooo HOT ! @XTZ #XTZ $XTZUSD @tezos Out of the flag, some retest and some breakout. Yes ! pic.twitter.com/oWXOSwiwB8— Ionescu Doru HODL (@yodoru2003)…Feb 5, 2020
Bitcoin’s decline below $10k is not surprising at all considering it is all algorithms trading against each other. The key to uncovering the game plan is to see which fractal is being repeated. We have now seen BTC/USD begin to crash but why is it crashing now? The reason it started to decline now has to do with how the algorithm was programmed. If we do a comparison of the previous parabolic run up with the ongoing one, we can see that the current cycle is 3.67 times shorter than the previous one in terms of the days it took to come to fruition. A simple calculation shows that it would take BTC/USD 53 days to complete the current cycle if the same algorithm is at play and that is precisely what ended up happening! BTC/USD has now begun its downtrend exactly 53 days after beginning the parabolic rally. This indicates how manipulated this market really is. To most retail bulls this does not matter as long as they are making money. So, for now when the whales are on their…Feb 10, 2020
Much to the chagrin of investors, Bitcoin has formed a close correlation to the traditional markets in recent times that has exposed the cryptocurrency to significant downwards momentum throughout the past several weeks.Although BTC has been able to post some notable gains in recent times as the benchmark stock indices all stabilize, it is important to note that this stability may soon dissolve.This may come about due to a highly bearish technical sign that the Dow Jones just flashed for the second time ever, leading some analysts to conclude that major downside is imminent.If Bitcoin maintains its status as a risk-on asset, this looming decline could prove to be dire.Bitcoin Runs as Stock Market Stabilizes, But Correlation Remains StrongBitcoin has been caught within a firm uptrend in the time following the cryptocurrency’s decline to lows of $3,800 in mid-March.Yesterday, bulls extended this momentum as they pushed the crypto to its post-February crash highs of $7,800 – marking an over 100% climb from its March lows.This rally has been enabled by the stability and recent recovery seen by the stock market,…Apr 24, 2020
Blockchain has begun to come into its own in 2019. In this study, we provide use cases and growth opportunities in 3 sectors: global payments, trade finance, and KYC/AML. These are 3 of the areas where Blockchain has been tested and leveraged with key use cases emerging in financial services; in particular, cross-border payments, and digital identification and verification.New York, Feb. 04, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “How Blockchain is Transforming the Financial Services Industry” – https://www.reportlinker.com/p05843709/?utm_source=GNWThere have been use cases in smart contracts across multiple sectors; smart contracts have been especially effective in real estate, supply chain logistics, and law. The number of mergers and acquisitions (M&A) in blockchain and cryptocurrency had a peak year in 2018. Year-over-year to date, the 2019 M&A count is only at 48% of 2018. In terms of value, 2019 is at 64% of the amount at the same time in 2018. The study also includes key findings and growth opportunities going forward. The interest in blockchain solutions as a means of reducing cost, improving efficiency, and increasing…Feb 4, 2020
ETC Labs and Fantom Foundation are collaborating to bring decentralized finance (DeFi) to Fantom’s ecosystem, a Feb. 10 press release announced. Ethereum Classic (ETC) will serve as collateral for issuing a stablecoin similar to Maker’s DAI on the Fantom platform. Fantom will be using the Xar Network, a DeFi framework specifically developed for the project. The framework uses some of Fantom’s Byzantine Fault Tolerant (BFT) consensus technologies, such as Lachesis and TxFlow, to offer a blockchain environment that supports advanced DeFi options. The system allows collateralized loans, synthetic assets, atomic swaps and is interoperable with external blockchains such as Ethereum and Binance Chain. Ethereum Classic will only function as collateral on the Fantom platform. The stablecoins will live on Xar Network’s blockchain-agnostic stablecoin protocol, named Collateralized Stable Currency Tokens (CSCT). Fantom primarily targets enterprise and governmental use cases, using ETC to mint stablecoins on permissioned networks. The issuing entities will maintain full control over the collateral, in addition to having the ability to earn interest from staking the stablecoin. ETC is reportedly preferred over its more famous twin due to its commitment…Feb 11, 2020
Ron Paul believes the mother of all government debt bubbles will cause a meltdown bigger than the 2008 financial crisis.The New York Fed is pumping billions into the repo market, reflating its out-of-control balance sheet.Paul says returning to sound money is the only way to prevent authoritarian demagogues.Retired politician and staunch crypto advocate Ron Paul believes the mother of all debt bubbles will inevitably burst. And when it does, the ensuing chaos will be orders of magnitude bigger than the 2008 financial crisis.In this weeks feature column titled “Is The Mother of all Bubbles About to Pop?” Paul points out that the U.S. has backed itself into a financial corner. Quoting Blackstone strategist Joseph Zidle’s description of the “mother of all bubbles,” Paul explains: When the sovereign debt bubble inevitably busts, it will cause a meltdown bigger than the 2008 crash.NY Fed Resumes Ponzi Scheme OperationsPaul lays the blame squarely at the feet of the NY Federal Reserve, which began pumping billions into the repo market back in September. That was supposed to last a few weeks yet two months…Nov 14, 2019
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God of War was one of the PlayStation 4’s biggest hits.A tweet from narrative animator Kim Newman led to speculation that a sequel is in production.God of War 2 should bring back classic elements from the franchise’s roots.God of War (2018) delivered Sony one of its biggest hits in years, and it’s not hard to see why. The PS4 game dealt with timeless themes: fatherhood, death, and overbearing parents. And it came out at the perfect time. By 2018, fans who played the original God of War in 2005 were the right age to be dealing with these sorts of issues in their own lives. That doesn’t mean the reboot’s changes were all good, though.With a sequel inevitable, God of War 2’s developers should strive to bring back some classic elements while staying true to the franchise’s new sensibilities. What Needs to Change in God of War 2Speculation over God of War 2 was sparked by Kim Newman, a narrative animator at Santa Monica Studio, who tweeted about mocap work she was doing. Since she’s an animator at the company…Jan 19, 2020
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte ‘Bitcoin halving’ being ‘priced-in’ is a short-term trend caused to due to hyped sentiments. Google trends data along with price reactions suggest that halving might be an overly hyped incident. Moreover, now with the safe-haven angle in picture, the interest on ‘Bitcoin Coronavirus‘ has taken over halving. The five year chart of google trends along with price action suggests that while sentiments and online search kept reached it’s peak during ‘halving’ – July 9, 2o16 and dropped almost instantly in the next few weeks. Moreover, the price had already taken a bearish turn weeks before the halving. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte 5 year Google Trend for ‘Bitcoin Halving’ (source) Co-incidentally, the small spike in the trend before the moonshot rise coincides with the price peak. Hence, after a certain point, there was an inverse correlation between online sentiments and price. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest…Mar 8, 2020