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The US Senate committee on Energy and Natural Resources issued a document stating that mining consumes about 1% of global energy. On public blockchains, mining embroils the computation of a massive amount of mathematical calculations known as hashes. On a normal day, Bitcoin miners collectively compute over 50 billion gigahashes per second.

The Trade War between the United States of America (USA) and China could cause another rally for Bitcoin, Ether, Ripple and other popular cryptocurrencies. The economic war could ultimately spread into the USA bond market, with China liquidating US Treasuries. Gold seem to be flat compared to Bitcoin. Investors affected by the trade war have decided to seek refuge in blockchain and digital currencies.

The United States (US) Securities and Exchange Commission (SEC) yet again ruined the hopes of the public involved in the cryptocurrency industry, by rearranging a verdict on the launch of a Bitcoin exchange-traded fund (ETF) to make a more dependable platform for significant institutional money to enter the digital currency markets. The US SEC’s delay of a crypto ETF is not such a bad thing since institution of such legal actions is suitable at this moment taking into consideration the legal and policy matters originating from the suggested rule amendment.

Malevolent attackers have run away with more than $40 million worth of Bitcoin (around 7,000 BTC) from United States based cryptocurrency exchange Binance. Hackers used several hack techniques to make this extensive security breach on May 7, 2019.

Recently, the Governor of Maryland, United States, Larry Hogan, officially signed a bill into law to amend the General Corporation Law of the state. Senate Bill 136 enables the industrial use of blockchain by private corporations to carry out proper and secure record keeping. The new amendments will come into force in October this year.

There is a good possibility Ethereum (ETH) futures contract will be approved if it complies with the set regulatory standards, according to an anonymous senior official at the United States Commodity Futures Commission (U.S CFTC) who refused to be identified for security reasons.

Blockchain technology could play an important role in transforming smart contract processes in Italy. Currently, smart contract process is not dependable and could cause negative consequences if used. The technology has the potential to revolutionize the decentralized register into a robust instrument of control and manipulation.

The prominent blockchain and cryptocurrency advocate Andrew Yang, who also wants to participate in the 2020 United States (U.S) presidential election on the Democratic party ticket, could win all votes from the crypto community in the nation. Andrew has now officially declared his plans to create strong and effective regulations on cryptocurrencies such as Bitcoin, Ethereum, Ripple and others, which the country presently lacks.

Group of young businessmen organize a meeting on the subject of blockchain and its peculiarities at Liuc University, Italy. More and more people have started to feel a need for researching this new financial technology and finding out how to implement it in their businesses.