Lithuanian Banks Issued a Warning Over Crypto Investments

A group of self-governing Lithuanian banks issued a warning regarding the crypto investment risks

01 March 2018 587

According to a statement, the Lithuania Banking Association stated that despite an increasing attention, cryptocurrencies still remains obscure to domestic investors. Banking Association advised being cautious in dealing with cryptocurrencies.

Investors must realize that they do so only at their own risk. Cryptocurrencies are unattended and unregulated. According to the statement, today’s value of cryptocurrencies is based on speculations.

The Banking Association consists of major financial institutions in the country including Swedbank, SEB Group, Danske Bank and the LKU Credit Union Group. It was founded in order to inform the public about financial technologies.

According to the association, it does not want to relate to cryptocurrencies. It plans to support the country's central bank, Bank of Lithuania.

LBA members strictly adhere to the position of the Bank of Lithuania to clearly disconnect their activities from virtual currencies and not to provide related services.

The Lithuania Banking Association

Mining Bitcoin Blockchain

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance

25 September 2018 124

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.