Monthly Archives: November 2018

Bitfury Secures $80M in Private Funding Round

Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc., Armat Group and others. Bitfury is a diversified blockchain company known for its expertise in developing high-performance computing technologies, processing capabilities and advanced blockchain-based solutions for companies and governments, including the development of a blockchain-based land registry in Ukraine. The funding round will be used by the company to enrich its software and […]

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Port Authority of Valencia Joins Maersk, IBM Blockchain Project for Shipping

The Port Authority of Valencia has integrated into the blockchain-based TradeLens ecosystem as an “Early Adopter.” The Port Authority of Valencia (PAV), Spain, has integrated into the TradeLens platform, a blockchain ecosystem jointly developed by IBM and shipping giant Maersk, according to an official announcement published Nov. 5. Launched in August 2018, the TradeLens platform applies blockchain technology to global supply chains. The product aims to improve trade efficiency and security, wherein all participants of the supply chain, including shipping lines, port and terminal operators, customs authorities […]

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Major Car Dealerships and Airport Limos in Japan Begin Accepting Cryptocurrencies

A regulated cryptocurrency exchange in Japan has partnered with two companies to enable cryptocurrency payments for their businesses. Hinomaru Limousine has started accepting payments in cryptocurrencies for its airport taxi service while Carchs Holdings allows crypto payments at its used car dealerships. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Airport Car Service by Hinomaru Bitpoint, one of Japan’s 16 regulated crypto exchanges, recently announced two business alliances to increase merchant cryptocurrency adoption in the country. On Tuesday, the exchange revealed a partnership with Tokyo-based Hinomaru […]

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Blockchain is Airdropping $125M in Stellar Lumens to Its Wallet Users

Blockchain will be airdropping approximately $125 million worth of Stellar lumens to its users, in conjunction with the Stellar Development Foundation. This marks the largest airdrop in cryptocurrency history. Those interested in taking part must possess a Blockchain wallet and be willing to verify their identity. The first group of customers is set to receive their lumens sometime this week at no charge. Stellar is Blockchain’s first airdrop partner since it launched its official “Airdrops Guiding Principles” framework last month. Jed McCaleb, co-founder of the Stellar Development […]

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BTCC Announces the “Indefinite” Closure of Its Mining Pool

BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30. Citing “business adjustments,” the notice was generally vague about the exact reason for this particular closure. Having started operations in 2014, the mining pool is one of the oldest in the space, while BTCC itself is China’s oldest crypto exchange. BTCC’s mining pool […]

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Crypto Markets in The Green, XRP Sees Major Boost Briefly Overtaking ETH by Market Cap

Top digital currencies have seen significant gains on the day, with Ripple briefly overtaking Ethereum as the top altcoin by market capitalization. Tuesday, Nov. 6: top cryptocurrencies have seen strong gains on the day, with Ripple (XRP) temporarily overtaking Ethereum (ETH) as the top altcoin by market capitalization. Market visualization from Coin360 Bitcoin (BTC) is up 0.3 percent over the last 24 hours, and is trading at around $6,447 as of press time. Having briefly dipped below $6,400 during the day, BTC has rebounded and is pushing […]

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Bitmain’s New 7nm Antminer Goes on Sale on November 8

Mining rig manufacturer Bitmain Technologies has announced the company’s latest Antminers equipped with 7nm semiconductors will go on sale on Nov. 8. According to the China-based organization, Bitmain will release two new models called the Antminer S15 and the T15. Also Read: Bitcoin Cash Fork Watch: BCH Infrastructure Providers Reveal Contingency Plans  Bitmain Plans to Sell Its New Antminers This Week Bitmain will soon be selling new Antminers equipped with 7nm semiconductor technology. The company published a statement on Tuesday, detailing that the two latest models, the S15 and […]

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Study: Crypto Mining Consumes More Energy Than Mineral Mining

Recent research conducted by U.S. scientists shows that crypto mining consumes more energy than gold or copper mining. A recent study by scientific journal Nature Sustainability published Nov. 5, reveals that crypto mining consumes more energy than mineral mining to produce the same market value. Scientists from the U.S. Department of Energy’s Oak Ridge Institute for Science and Education conducted a study to evaluate how much energy is consumed by mining cryptocurrencies in comparison to aluminium, copper, gold, platinum and rare earth oxides. The scientists reviewed the […]

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Brazil: Tether’s New Banking Partner Deltec Suspected of Accepting Laundered Funds

Tether’s new Bahamas-based banking partner is possibly involved in $25 million money laundering case being investigated by federal prosecutors in Sao Paulo. Brazilian law enforcement has solicited the help of Bahamian authorities to investigate suspicious transactions to Deltec Bank & Trust – the recently-announced new banking partner of controversial stablecoin Tether (USDT) – major Brazilian newspaper O Globo reports Nov. 6. As per the report, the Federal Public Prosecutor’s Office in São Paulo is on the trail of Paulo Vieira de Souza, a former director of the […]

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Exchanges Roundup: Luno Expects ‘Open’ South African Rules, Bitstamp Updates Engine

In this edition of Exchanges Roundup, we look at a Luno executive’s belief that the South African government will introduce “open” crypto regulations. We also focus on Bitstamp, which expects a 1250x increase in matching speed after it integrates a customized version of Cinnober’s trading engine software into its platform, as well as the motivation behind a Dutch exchange’s decision to advertise on a bus. Also Read: GMO Internet Sees Huge Leap in BCH Mining for October Consumer Protection In a recent interview, Marius Reitz, Luno’s South Africa country manager, […]

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