The SEC testimony before the US Senate released

The SEC and CFTC aim to increase clarity and fairness in the cryptospace with their testimony for today's hearing
06 February 2018   1210

Today is a big day for crypto in the US, because SEC will present its testimony about cryptocurrencies and their regulations before the US Senate. And the testimony was released on the Senate's website, which allows us to review the document and draw our own conclusions.

Of course, everything comes down to regulations and their scope. US Commodity Futures Trading Commission (CFTC) opts for changing current state of affairs with state-by-state licensing of crypto exchanges as money-transmission services. While the Commission doesn't have any regulatory powers, their stake is mainly in investigatory powers, to allow for SEC and CFTC lawfully extend their reach to exchanges for proper inspection, because as of now the exchanges' status as money-transmission service providers doesn't allow that.

The CFTC chairman also pointed out that they are open for discussions with the Congress whether further federal regulations are appropriate or necessary. Chairman J. Christopher Giancarlo expresses his opinion that he may be in favor of such regulatory and policy efforts to bring clarity and fairness to cryptocurrency space.

We'll have to wait and see, what decision Senate will come to.

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   118

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
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.