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Tag Archives: bitcoin

Bitfury Sold Gldani Data Center

Bitfury IT service management company, sold its data center which is located in Gldani district, to Asian Chong Sing Holdings with whom negotiations lasted for several months. According to Bitfury CEO Valery Vavilov, selling the data center is aimed at expanding the company on the Asian market. “The transaction strengthens our relationship …

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Do Bitcoin Mining Costs Influence Electricity Prices?

On January 1, the electricity price rose to 23 Tetri for one kilowatt/hour from 14.54 Tetri. According to public opinion, the electricity tariff rose because of growing mining of electronic currency – BitCoin. It is worth noting that two virtual currency mining centers of out three ones in the world …

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Microsoft Suspends Bitcoin Payments

Microsoft has stopped taking Bitcoin payments. Bleeping Computer reported, Microsoft support called the move temporary, a response to high transaction fees and volatility in Bitcoin’s price. Microsoft-owned Expedia continues to accept Bitcoin payments as of this writing. Bleeping Computer noted that Microsoft has twice suspended payments in the past, after first accepting the …

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Georgia Among Three Countries With the Largest Number of Bitcoin Miners

Georgia has been listed among three countries with the largest number of Bitcoin miners in the world. Bitcoin mining is a process that both adds transactions to the cryptocurrency blockchain ledger but also unlocks new Bitcoins into the system. The process involves using computer power to solve complex mathematical puzzles. Bitcoin …

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Jamie Dimon: Bitcoin Is a ‘Fraud’

Jamie Dimon: Bitcoin Is a 'Fraud'

JP Morgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a “fraud” and saying he would fire any trader known to be trading the cryptocurrency. Dimon gave the remarks during an appearance at an event hosted by Barclays, according to reports from Bloomberg and CNBC. …

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Pizza by Bitcoin – CryptoCurrency Payment Method in Georgia

Company “Prego” adds bitcoin as a payment method. Prego will be the first company in whole region that makes it possible to pay by cryptocurrency, when launched, says Nodar Baghashvili, the Head of Company. It will be possible to pay by bitcoin from September. ”Pizza contributed a lot in developing …

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Ushba.io – Georgian Online Platform for Crypto Currency Trades

Ushba.io – Georgian Online Platform for Crypto Currency Trades

Ushba.io is a new Georgian platform for crypto currency trades. The platform enables people to exchange currency and contact each other through a mediator (Peer to Peer trading). At the same time, consumers are able to exchange crypto currency into traditonal currency (Flat Exchange) or place it in protected space …

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Currency Market Report for Previous Week and Forecasts

US Dollar recorded the worst indicator of the year on Friday in relation to key currencies. On the one hand, this was resulted by general strengthening of EUR, and, on the other hand, investors’ doubts about political stability of the USA. Trump failed to reform ObamaCare program and this factor …

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How Can Georgian Economy Benefit from Bitcoin?

For the first time in history, the price of Bitcoin broke its highest record (Figure 1) rising above 2,900 USD during the last week of June, 2017. One of the reasons why the market unexpectedly became optimistic about Bitcoin could be the fact that in April, the Japanese government formally …

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Number of Bitcoin Users Grow by 400% Just in Two Years in Georgia

Number of bitcoin users in Georgia has grown by 400 percent in just two years, whereas it is increased by 130% compared to the year of 2016, Forbes Georgia reports. As for company eMoney, from the next week, Georgian consumers will have opportunity to trade with Litecoin. Company also plans to …

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Bitcoin Crosses $1,800 For the First Time

Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and positive noises around the future of the cryptocurrency. The price of the digital currency was trading at around $1,824 by early morning in London, according …

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Bitcoin Erases Geographical Boundaries: Head of Bitcoin Embassy Georgia Tells About Cryptocurrencies in Gambling

Bitcoin erases geographical boundaries, becoming more and more popular in online gambling. However, the absence of legislative digital currency definitions doesn’t influence user wallets security. We have discussed these aspects with Alex Sudadze, founder of Bitcoin Embassy Georgia and speaker of Georgia Gaming Congress.   GGC: Alex, what online gambling tasks …

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