Crypto News - 06/06/2018

Hello everybody, hope you’re having a good day!!

GMO, Japanese IT giant released its brand new bitcoin mining rig, B2, first with 7nm chip. This, $1,999 priced ASIC beats current market leader Bitmain's Antminer S9 in almost every aspect.

Binance officials believe the ICO market is in a bubble. Ella Zhang, head of Binance Labs said:

“We’d like the bubble to break. We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”

"Crypto is no threat to fiat, yet" is conclusion Money20/20 conference held in Amsterdam. Only in case of hyperinflation, as later stated:

“As long as central banks do a good job, there is no real for central banks to disappear.”

Thank you for reading. Feel free to upvote, comment, resteem and follow. Not necessarily in that order.

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Sources

• https://www.coindesk.com/
• https://www.bitcoin.com/
• https://coinmarketcap.com/
• https://cryptonews.com/
• https://cointelegraph.com/
• https://www.ccn.com/

Photo

• pixabay
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• Crypto News 03/06/2018
• Crypto Daily - China Takes on Blockchain