Monthly Archives: February 2020

Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator

Indian IT giant Tech Mahindra is launching a blockchain accelerator together with the government of the southern state of Telangana. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana.  The parties hope the accelerator will become a “torch-bearer” for future accelerators nationwide, the Economic Times reported on Feb. 19. The new “T-Block Accelerator” is aimed at fostering blockchain startups that have identified a strong real-world use case for the technology, and […]

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Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders

The South Korean ICO Contents Protocol has decided to fold after business failed to take off, returning a significant portion of its initial funding to the holders of the CPT token. The South Korean initial coin offering project Contents Protocol will return 26,877 Ether (ETH) ($7.5 million at press time) to holders of its CPT token. Both legal obstacles and business challenges were cited as reasons for the shutdown. The details are visible on the project’s modified homepage, first recorded on Feb. 19. Its public ICO ended […]

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How to Mine Bitcoin in 2020

Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need to know about the business. Also Read: Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC What Does It Take to Mine Bitcoin in 2020 Bitcoin mining is a transaction security and validation […]

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Crypto Mining Giant Canaan Partners With Blockchain Firm Northern Data

Canaan, the world’s second-largest Bitcoin mining hardware manufacturer, and blockchain infrastructure firm Northern Data AG have signed a strategic partnership. Two major players in the global blockchain industry have signed a strategic partnership to pool together their technological and operational achievements. According to a Feb. 19 press release, Canaan Creative, the world’s second-largest Bitcoin (BTC) mining hardware manufacturer, and blockchain infrastructure firm Northern Data AG were joining forces to work across several fields. In particular, the two firms will cooperate on artificial intelligence and blockchain development, as […]

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Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer

An alleged drug dealer lost over $56 million in Bitcoin after the Irish High Court ruled that they were criminal proceeds and should be confiscated. An alleged drug dealer lost 52 million euro (over $56 million) in Bitcoin (BTC) after the Irish High Court ruled that they were criminal proceeds and should be confiscated. Local news outlet Independent.ie reported on Feb. 19 that the court accepted that Clifton Collins was involved in drug trafficking. Collins did not contest the Criminal Assets Bureau’s (CAB) application for the seizure […]

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Bitcoin $727B Annual Investment Flow Can Beat Visa Next Halving — Data

Bitcoin’s $727 billion annual transaction processing tally — 1% of global GDP — is growing ten times over every four years, data suggests. Bitcoin (BTC) is already processing 1% of the world’s GDP and the number is growing by “an order of magnitude” every halving cycle. According to statistician Willy Woo, who analyzed data from monitoring resource Coin Metrics, Bitcoin’s investment flow is $727 billion annually. BTC processes $727B per year The number is almost 10% of payment processor Visa’s transaction volumes each year — Visa processes […]

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Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling

A report published February 7 and authored in part by Blockstream researcher Christian Decker found that the BTC Lightning Network is “evolving towards an increasingly centralised architecture.” Proponents of LN say this is not a problem, and even critics of the network point to the necessity of properly defining — and not deifying — “decentralization.” Still, real concerns are presented with the new information, and some are looking to alternative solutions like Drivechain to fill the gap. Also Read: Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding […]

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PoB Transactions on Cross-Carrier Payment System Successful

The cross-carrier blockchain payment network allows transactions to be paid directly in the user’s currency through their mobile carrier. Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different countries. The Carrier Blockchain Study Group (CBSG) Consortium is one such collaboration doing just that. Launched in September 2017, the group provides a secure way for telecom customers to make digital payments […]

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IRS Invites Cryptocurrency Advocates to March Summit

Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement.â€� With the 2019 tax season upon us, the IRS is leaving nothing off the table. Cryptocurrency holders are looking for ways to avoid reporting failures on their returns, and the agency has noticed. According to a Feb. 19 report by Bloomberg Tax, the IRS has invited cryptocurrency companies and advocates to appear for a March 3rd summit in Washington DC. Among the aims of the summit are […]

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DeCurret Partners with KDDI to Test Digital Currency

The crypto exchange is planning to work on a joint project with the Japanese telecom giant to test digital currency in cafes. As the origin of cryptocurrency, Japan often leads the way when it comes to joint projects between companies in different fields, united by their desire to lead the pack in innovation. E-commerce giant Rakuten partnered with the East Japan Railway Company on June 5 to promote a cashless payment system.  A new collaboration is in progress between the Japanese telecom giant KDDI and crypto exchange […]

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