• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Blockchain Economy Summit, Istanbul (July 27-28, 2022)
    • NFT Expoverse, Los Angeles (July 29-31, 2022)
    • Future Tech Event, Oman (September 12-13, 2022)
    • NFT Show Europe, Spain (September 17-18, 2022)
    • TOKEN2049, Singapore (September 28-29, 2022)
    • Blockchain Expo North America (October 5-6, 2022)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Trade on the world's major crypto exchanges:
Binance | FTX | Huobi
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Crypto news in brief (May 20, 2018): Ripple, Bitcoin Cash hard fork, Bitcoin mining, MUFG Bank

May 20, 2018 By Crypto Reporter

– Ripple will provide investments and grants to companies, using digital asset XRP and XRP Ledger in their operating activities.
– Economist Alex de Vries published a research, estimating the current total energy consumption for bitcoin mining and making a forecast for the future.
– Due to Bitcoin Cash hard fork the block size increased from 8MB to 32MB.
– MUFG Bank plans to conduct a test of its own cryptocurrency MUFG Coin.

Ripple has announced a project, Xpring, that will provide investments and grants to companies, using digital asset XRP and XRP Ledger in their operating activities.

***

Economist Alex de Vries, founder of Digiconomist, published a research, estimating the current total energy consumption for bitcoin mining and making a forecast for the future.

As of now,  BTC network consumes about 22 billion kWh per year, which is almost the annual electricity consumption in Ireland. The figure may tripple by the end of 2018, reaching the annual consumption in such countries like Czech Republic or Austria.

***

Due to Bitcoin Cash hard fork the block size increased from 8MB to 32MB. Also, several script operation codes (op-codes), which are machine language instructions that enable the performance of specific tasks, have been added or reactivated. A detailed post about use cases of op-codes is provided here.

***

MUFG Bank, a banking unit of Mitsubishi UFJ Financial Group, the fifth largest in the world by total assets, plans to conduct a test of its own cryptocurrency MUFG Coin. The test will start in 2019 and is expected to involve around 100,000 MUFG Bank account holders who apply to participate.

The customers will be able to use MUFG Coin to make payments at shops and restaurants. If the testing phase is carried out smoothly, MUFG Bank will consider involving a wide range of businesses and service providers to use MUFG Coin in their business activities.

Filed Under: General News, News Tagged With: BCH, bitcoin cash, cryptocurrency, MFUG Bank, MFUG Coin, mining, news, news in brief, Ripple, XRP

Primary Sidebar

Follow Us

Press Releases

Banking Circle research shows now is the time to get on board with digital currencies

June 28, 2022

SithSwap Raises $2.65M to Build Next-Gen AMM on StarkNet

June 28, 2022

Leading Audience Engagement Platform, LiveLike, Partners With Polygon Studios to Bring Web3 to Brands

June 28, 2022

Vueling joins forces with BitPay and UATP to accept cryptocurrencies as an alternative method of payment

June 28, 2022

What’s the future of NFTs?

June 27, 2022

Cryptocurrency Exchanges: What They Are and How to Choose

June 27, 2022

WAX Studios Announces “Music Mogul” Play-and-Own Strategy Game

June 24, 2022

Matrixport Appoints Anthony DeMartino as CEO to Lead and Build its Business in the United States

June 24, 2022

Token2049

NFT Expoverse

Future Tech Event

NFT Show europe

Footer

Crypto Reporter is an online magazine about digital currencies and blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2022 Crypto Reporter