Monthly Archives: June 2018

Coinmint to Invest up to $700 Million in New York Mining Center

Coinmint has announced it commenced operations at its newest crypto mining facility in New York. Operated via its wholly owned subsidiary, North Country Data Center Corporation, it is already mining several cryptocurrencies including bitcoin, dash and ether. Also Read: Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India Mining Operations Come Online Located at a former aluminum smelting plant (Alcoa East Facility), the 1300-acre, 435-megawatt Coinmint site in Massena, New York, is said to provide enough capacity for operating one of the largest mining farms in the […]

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PR: Penta Global Foundation Launches New Dynamic Stake Consensus Algorithm

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. One of the interesting features of blockchain is that it is not just about technology, it is also about social ecosystems. Blockchain platforms are true ecosystems, where things of value are exchanged through peer-to-peer transactions and validated by the ecosystem community, instead […]

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SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are

Jay Clayton, chairman of the SEC, believes that distributed ledger tech shows “incredible promise,” noting that it can drive efficiencies in the markets. Jay Clayton, the chair of the US Securities and Exchange Commission (SEC), believes that Bitcoin (BTC) is not a security since it acts as a replacement for sovereign currencies, CNBC reports today, June 6. Clayton, when speaking about the “incredible promise” of distributed ledger technologies driving efficiencies in markets, clarified during today’s CNBC interview his thoughts on cryptocurrencies that are “replacements for sovereign currencies:” […]

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Investment Firm VanEck Attempts New Bitcoin ETF Filing, Aims at Institutional Players

A new attempt at a Bitcoin ETF has been filed with the SEC, focusing on institutional investors rather than individuals this time. VanEck and SolidX Partners Inc. have filed a request to list a Bitcoin-based exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), Bloomberg reports June 6. VanEck is an NYC-based investment management firm with $38 bln under management and SolidX is a provider of blockchain software development and financial services. According to a report by Bloomberg, the request filed with the U.S. Securities […]

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Op Ed: Untapped Potential and Hidden Challenges of IoT and Supply Chains

Applications of blockchains extend far beyond cryptocurrencies. Electronic sensor networks powered by the Internet of Things (IoT) are an untapped platform for deploying the next generation of blockchain technology, which stands to improve operating efficiency in numerous sectors, including manufacturing supply chains. The key challenge to adopting blockchain technology on a large scale is adequately quantifying the costs and risks of deployment and ensuring security. Blockchains were first adopted in fintech, where products have short qualification cycles and are not safety critical. IoT networks can help to […]

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Reports: Investment Giant Fidelity Issues Job Offers for Crypto Exchange Devs

Fidelity Investments has hinted it plans to build a cryptocurrency exchange, reports say. US investment giant Fidelity Investments is hiring developers to build a cryptocurrency exchange, reports claim June 6 citing internal correspondence. Fidelity, with its $2.45 trln under management, has allowed clients to hold Bitcoin alongside traditional assets, and is now reportedly circulating job offers related to building a “digital asset exchange.” Specifically, executives notified employees the firm is looking for a DevOps System Engineer “to help engineer, create and deploy a Digital Asset exchange to […]

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Japan’s Financial Watchdog Rejects Crypto Exchange License for First Time

Japan’s Financial Services Agency has barred a domestic crypto exchange from receiving an operating license for the first time. Japan’s Financial Services Agency (FSA) has barred a crypto exchange from receiving an operating license for the first time, Nikkei Asian Review reports Tuesday, June 5. The regulator has now chosen to permanently deny registration to Yokohama-based FSHO, whose services were already suspended twice by the FSA this spring, over concerns the exchange operator did not sufficiently verify the identity of customers in cases of suspect transactions. The […]

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Cryptocurrency Exchanges Are Drowning in Tokens

It’s hard to put a finger on the precise point at which token overload kicked in. Token fatigue has been brewing for some time, as the spate of new coins, mostly launched by ICOs, has  turned into an unstoppable torrent. Every day, cryptocurrency exchanges are barraged with listing applications by ICOs, and they do their best to keep up, for the projects’ sake, and for the community’s, and because listing tokens is a lucrative business. But at its current rate, the trend is surely unsustainable. Also read: IMF […]

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Bitcoin Mining Firm Coinmint Confirms Plans for $700 Mln Project in Upstate NY

Upstate New York will gain 150 jobs and a $700 mln investment as a Bitcoin mining project takes shape. Cloud mining service Coinmint confirmed it would press ahead with opening a Bitcoin mining plant in an abandoned smokestack in Upstate New York, CNBC reports June 5. The move, which authorities greenlighted in January, will see the company invest “up to $700 mln” in the project, which will repurpose the former 1300-acres-large Alcoa aluminium smelting plant by the end of 2019. Operations will continue under the newly-formed subsidiary […]

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Crypto Exchange Huobi to Bankroll Own Blockchain With $100 Mln Dev Fund

Crypto exchange Huobi is developing a blockchain platform, to which it plans to eventually migrate its operations. Huobi, is announcing the launch of its new public blockchain, the Huboi Chain Project (HCP), the company’s spokesperson told Cointelegraph. As of press time, Huobi is the world’s third largest digital currency exchange by trade volume, according to Coinmarketcap. In order to create the new blockchain, Huobi will fund the Huobi Chain Superhero Championship Program (HCSCP) with an initial investment of 20 mln Huobi Tokens (HT), worth about $100 mln […]

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