Monthly Archives: April 2018

Samsung Produces ASIC Chips For New Halong Bitcoin Miner

Online mining hardware retailer MyRig recently revealed that Samsung produces the ASIC chips for new miners from Halong Mining. Crypto mining distributor MyRig recently revealed that electronics giant Samsung supplies the ASIC chips for Bitcoin (BTC) miners made by Halong Mining, according to a tweet from MyRig April 10. On Tuesday, MyRig tweeted an image of a company representative holding a plate of semiconductor material used in the production of integrated circuits. The firm said that the piece of equipment is “what powers Halong Mining DragonMint T1” […]

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Nchain to Offer Smart Contract Patents Exclusively to the Bitcoin Cash Community

According to the blockchain firm Nchain and its CEO Jimmy Nguyen, the company has secured its first approved patent recognized by the European Patent Office. The patent involves an invention that provides a method for an automated management and blockchain-enforced smart contracts. Also Read: Australia’s Digitalx Launches Cryptocurrency Investment Fund   Blockchain Firm Nchain Gets an Automated Management and Smart Contract Patent Approved by the European Patent Office   Nchain is a blockchain technology-based research and development organization led by Jimmy Nguyen, chief scientist Dr. Craig Wright, and […]

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Silk Road Federal Prosecutor: Blockchain Played Key Role In Investigation Of Fed. Agents

Kathryn Haun, a former US federal prosecutor and head of a crypto task force, spoke positively about Bitcoin and Blockchain in a recent interview. Former federal prosecutor Kathryn Haun spoke about the non-criminal nature of Bitcoin and the use of Blockchain of criminal investigations during an interview with Quartz published today, April 12. During the interview, Haun, who worked on well-known crypto cases like that of US federal agents’ involvement in fraud and extortion during the Silk Road investigation, argued that Bitcoin is not itself criminal, as […]

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Long Blockchain Corp Receives Delisting Determination From Nasdaq

Long Blockchain Corp., the company formerly known as Long Island Iced Tea Corp., has announced that it has received a delisting determination from Nasdaq. The U.S.-based company made headlines in December after its name change triggered a 432% gain in the price of its shares over the course of a single day. Also Read: Bitcoin in Brief Thursday: Crypto Winter Is Almost Over Long Blockchain Receives Delisting Determination On the 10th of April, Long Blockchain Corp. revealed that it had received a “delisting determination letter from the Hearings […]

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Another Major Hong Kong Cryptocurrency Exchange Sets Its Sights on Malta

A second major Hong Kong–based cryptocurrency exchange is planning on setting up shop in Malta, a small island nation in the Mediterranean.     OKEx, one of the top five cryptocurrency exchanges by 24-hour trading volume, announced today, April 12, 2018, that it is expanding its operations to Malta. In late March, Binance, the largest exchange by trading volume, also announced plans to move operations to the cryptocurrency-friendly EU member state. In an email to Bitcoin Magazine, a spokesperson for OKEx clarified, “… everything stays in Hong Kong […]

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Two Bogus Bitcoin Brokers Charged With $365,000 Cash Robbery In Singapore

Two sham Bitcoin sellers have been charged with assault and the alleged theft of $365,000 cash from a Malaysian man in Singapore. Two 36-year-old men have been arrested in Singapore after allegedly stealing $365,000 in cash from a Malaysian man who wanted to buy Bitcoin (BTC) from them, local media outlets reported Thursday, April 12. The victim, Pang Joon Hau, had come to Singapore expressly to buy Bitcoins with cash, and believed both men to be Bitcoin sellers, arranging to meet them in his hotel on April […]

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Brazil’s First Crypto-Finance Master’s Degree Launches In São Paolo

Brazilian university FGV launches the country’s first crypto-finance MA, in a bid to give students academic edge in the crypto startup market. Major Brazilian university Fundação Getúlio Vargas (FGV) in São Paulo is offering the country’s first Master’s degree in crypto-finance, Finance Magnates reported April 12. The program offers specialized education for the crypto industry. Ricardo Rochman, the program’s coordinator, explained: “It is a market with a profound lack of people with expertise. Cryptofinance has economic and financial fundamentals that are worth discussing, researching, and [being] taught.” […]

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Fintech Startup Report Concludes Bitcoin Is ‘Generally Permissible’ Under Sharia Law

A report by Mufti Muhammad Abu Bakar argues that Bitcoin and other cryptocurrencies are generally permitted under Sharia law. Blossom Finance, a fintech startup based in Indonesia, has released a report by their internal Sharia advisor that concludes that Bitcoin (BTC) is “generally permissible” under Sharia law, according to a press release published Thursday, April 12. In late February, Cointelegraph also published a story on whether Bitcoin was halal, including information from Blossom Finance CEO and Founder Matthew J. Martin (also interviewed by CT in 2015), who […]

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Texas Regulator Inspects 32 Crypto Promoters, Warns Of ‘Widespread Fraud’

Texas Securities Board probes 32 unregistered crypto securities offerings, urging investors to conduct due diligence. The Enforcement Division of the Texas State Securities Board (TSSB) has published the findings of its four-week investigation into “suspect” securities offerings tied to cryptocurrencies, in a report released April 10. Starting Dec. 18, 2017, the division opened 32 investigations into promoters of crypto investments, none of whom were registered to sell securities in Texas and therefore – given that they were selling securities under Texas law – were operating “outside the […]

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Crypto Farm With 6000 Miners Shut Down In Russia For Overdue Electricity Bill

Russian law enforcement officers have raided and shut down a 6000-miners-strong crypto farm for not paying electricity bills. Russia’s Ministry of Internal Affairs (MIA) officers have arrested two men that were allegedly involved in a cryptocurrency mining operation in Orenburg city for not paying for several million kilowatt-hours of electricity. The farm hosted more than 6,000 mining devices, as reported by local media outlet Lenta.ru Wednesday, April 11. According to the MIA’s press release, the police went to inspect the spot after a local energy supplier reported […]

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