Monthly Archives: June 2018

Under New Rules Quebec Crypto Miners Will Be Required to Bid For Electricity

Under new rules, Quebec crypto miners are required to bid for power and quantify the jobs and investment per megawatt that they plan to create. Provincial utility Hydro-Quebec has proposed new rules, under which blockchain companies will be required to bid for electricity and quantify the jobs and investment they expect to generate per megawatt, Hydro-Quebec announced in a press release June 21. The new regime seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing initiatives. The starting rate is reportedly […]

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Asset Management Firm Launches Chinese Blockchain ETF

Blockchain technology has grabbed the interest of investors globally as it has quickly grown into one of the most exciting areas due to its wide variety of application across industries. This is why Reality Shares, an asset management firm, is launching China’s first blockchain ETF, which gives investors access to Chinese companies at the forefront of the blockchain revolution. According to the company, the Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA), which tracks the Reality Shares Index, will focus on China-based companies that are fully […]

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Bitcoin Price Analysis: Shaky Support Gives Way to Massive Bear Flag Set-up

A sideways market has many bitcoin investors wondering if the downward volatility has finally subsided. As stated in our previous discussion of the bitcoin market, the $6,425 support level was a very important level to hold. A failure to maintain support at that price level would undoubtedly cascade the market into a test of deeper support values. Fortunately, the week started off with a decent bounce off the support level: Figure 1: BTC-USD, 1-Day Candles, Support Level Although the volume was not the best, the price managed […]

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Craig Wright Referenced as Satoshi in Chinese University Textbook

According to reports a Chinese economics textbook that’s used in some of China’s leading universities states that the notorious Dr. Craig Wright is Satoshi Nakamoto, the creator of Bitcoin. The university textbook authored by Frederic Mishkin calls Wright an “Australian geek” who invented the cryptocurrency bitcoin almost ten years ago. Also Read: “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark Dr. Craig Wright is Referenced as Satoshi Nakamoto in a Chinese University Textbook Dr. Craig Wright is an interesting man, and he is […]

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EOS: Accounts Have Been Locked Already

What Has Happened? Following the albeit delayed launch of EOS earlier this month, everyone in the Cryptocurrency industry breathed a sigh of relief. However, the relief was soon overtaken by shock as it came to light that as the product was finally released seven accounts were locked. The reason behind this big decision was a bid to ensure the safety and security of EOS and its customers. As always with the Cryptocurrency market, there are two very different opinions on the above move. Over the weekend, the […]

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Winklevoss Brothers Win Patent to Provide Crypto-Based Exchange-Traded Products

Cameron and Tyler Winklevoss’ Winklevoss IP has won yet another patent, this time for system to provide crypto-based ETPs. U.S. crypto entrepreneurs Tyler and Cameron Winklevoss have won a patent for a system to provide crypto-based exchange-traded products (ETPs), according to a patent filing published by the U.S. Patent and Trademarks Office (USPTO) June 19. The new patent represents systems, methods and program products for using ETPs that hold “digital assets” and “other products and/or services related to ETPs holding digital assets,” such as Bitcoin (BTC) and […]

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Federal Reserve Bank of St. Louis Adds Crypto Price Tracking to Research Database

The Federal Reserve Bank of St. Louis will now be tracking the prices of BTC, BCH, LTC, and ETH in its research database, using price data from Coinbase. The Federal Reserve Bank of St. Louis will now be tracking the prices of four cryptocurrencies on their research database, according to a June 19 post on the bank’s website. The database, called the Federal Reserve Economic Data (FRED), will now include the prices of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) from as early as 2014 […]

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Crypto Exchanges, Payment and Wallet Firms Join EU Police to Fight Privacy

About sixteen major cryptocurrency exchanges, payment processors and digital wallet providers have joined the EU’s law enforcement agency for an event about preventing money laundering. The three-day conference on digital currencies and cyber crime began on Tuesday in the Hague. Also Read: The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin “Tracing and Attribution” The European Union Agency for Law Enforcement Cooperation (Europol), formerly known as the European Police Office and Drugs Unit, said that the event would primarily be about the “tracing and attribution” […]

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Swiss Federal Councillor: Blockchain Will ‘Penetrate Our Entire Economy’

Member of Swiss head of state says that blockchain will “penetrate our entire economy” in just a few years during a speech at Crypto Valley Conference in Bern. One of the seven members of Switzerland’s collective head of state stated that blockchain will someday “penetrate our entire economy,” according to a transcript published by the Federal Department of Economic Affairs, Education and Research today, June 21. Swiss Federal Councillor Johann N. Schneider-Ammann stated during a speech at the Crypto Valley Conference in Bern today that: “Hardly anyone […]

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Hacked S. Korean Crypto Exchange Bithumb Confirms It Will Reimburse Affected Users

South Korean crypto exchange Bithumb has today confirmed it will reimburse users affected by the theft of 35 bln won (about $30 mln) from its hot wallet two days ago. South Korean crypto exchange Bithumb has today confirmed it will reimburse users affected by the theft of 35 bln won (about $30 mln) from its hot wallet two days ago, in an official announcement today, June 21. At the time of the hack, Bithumb was ranked sixth largest crypto exchange by trade volumes globally, but has now […]

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