Last week finally brought overall growth in the cryptocurrency market.

On Saturday, Bitcoin overcame the $ 4,200 mark, along with other leading cryptocurrencies increased in price: Ethereum rose above $ 160, to $ 4.44 EOS jumped, and Litecoin rose to almost $ 54. This continued, however, not for long, and in the second half of the day there was a rollback to the indicators of the beginning of the week. Cumulatively, the cryptocurrency market lost about $ 11 billion over this segment, dropping below $ 130 billion in capitalization. The top ten CoinMarketCap did not change this week, however, compared to last Sunday, the market is still in the green zone. It should also be notes the impressive growth of EOS, which during this period rose in price by 30%.

One of the most notable events of the week was an artificially created scandal that erupted around the community of Bitcoin developers. The head of the mining pool BTC.Top Jiang Zhuer said that the Bitcoin Core team intends to increase Bitcoin emissions and abandon the halving. According to him, such a proposal was allegedly discussed at the closed conference Satoshi Roundtable, where only leading representatives of the industry are invited. Some conference participants confirmed that the issue was discussed, but only as a hypothetical one. At the same time, Chuyera was accused of trying to promote Bitcoin Cash, of which he is a well-known supporter. The chief engineer Casa Jameson Lopp also took part in the discussion. He said that no one agreed with the proposed decision.

Among technical news worth noting is the output BM1397 - 7 nm ASIC chip, based on the algorithm SHA256, from Bitmain. The BM1397 is based on the 7 nm FinFET processor from the Taiwanese TSMC, and as they say the company presented, it consumes 28.6% less energy than the previous version. In this case, the ratio between energy and computing power is about 30 J / terahesh. Bitmain will integrate the development into ASIC devices S17 and T17, which will be released soon. Almost at the same time, the Chinese company presented the Hong Kong Stock Exchange (HKEx), where it plans to hold an IPO, updated information on its financial results. According to the new data, in the third quarter of last year, against the background of the bear market, Bitmain lost about $ 500 million. In addition to disappointing income indicators, the report revealed that the value of cryptoactive assets held by Bitmain decreased from $ 800 million (as of June 30) to third quarter results). Meanwhile, one of Bitmain’s competitors, Ebang, plans to release at least 400,000 new devices this year.

 

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