Category Archives: Crypto Daily

Cleveland’s Great Lakes Science Center Now Accepts Bitcoin Payments

The Great Lakes Science Center (GLSC) is now accepting bitcoin in various transactions. According to a recent news story from a Cleveland-based newspaper, the local Great Lakes Science Center has announced their adoption of bitcoin in a variety of transactions. Not only will bitcoin be accepted as a fully valid form of monetary exchange for the daily cost of admission to the museum, but there will also be a four-day sister event, titled the Blockland Solutions Conference, which will accept bitcoin as well. The Blockland Solutions Conference […]

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GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018

GMO Internet, the Japanese technology and online finance conglomerate, presented its results for the third quarter of fiscal 2018 on Nov. 12. The presentation included new details about the performance of the Tokyo-listed group’s cryptocurrency-related businesses. Also Read: The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange Record Performance by Quarter The presentation covers the operations of GMO Internet in cryptocurrency mining, exchange and payments. The company reported total quarterly revenue of 2.61 billion yen ($22.93 million) in the third quarter. It noted […]

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Bitcoin Cash Association Bounty Spreads Merchant Adoption in Latin America

The Bitcoin Cash Association (BCA) and Spendbch.io recently started a bounty to spread bitcoin cash (BCH) merchant acceptance in several Latin American countries. On Nov. 11, the BCA announced that more than 250 new businesses in Venezuela and Colombia are now being on-boarded to accept bitcoin cash. Also read: Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch Bounty for Venezuela, Colombia and Mexico Just recently, the BCA and Spendbch revealed a bounty program on the Bitcoincashers.org web portal. The Spendbch bounty offers funds to users […]

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Exchanges Roundup: Revolut CEO Discusses Investment, Binance Launches Research Unit

In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the gradual rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO Skeptical on Institutional Investment Nikolay Storonsky, the chief executive officer of fintech unicorn Revolut, recently expressed skepticism regarding the rhetoric circulating throughout the cryptosphere that suggests institutional investors are eager to gain […]

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The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange

In today’s edition of The Daily, we report on the latest U.S. museum to open up to cryptocurrency payments, as well as several new lawsuits that have been filed over simjacking. Additionally, the government of Estonia has granted a license to B2BX Exchange, which will allow the company to attract traders from across Europe. Also Read: Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert Science Museum to Take Bitcoin Payments Great Lakes Science Center, an engineering and technology museum in Cleveland, Ohio, has […]

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DMG Starts Operating 60MW Bitcoin Mine in British Columbia

DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output.  Also Read: Vietnam at Crossroads on Cryptocurrency Regulations DMG Partially Powers New Mining Facility The Vancouver-based company has started operations at its 27,000-square-foot cryptocurrency mine, which sits on a 34-acre site in British Columbia. The electricity used by […]

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South Korea’s Upbit to Launch Cryptocurrency Exchanges in Thailand and Indonesia

South Korean cryptocurrency exchange Upbit has reportedly started marketing new crypto exchanges in Thailand and Indonesia as part of its global expansion plans. The company recently launched an exchange in Singapore. Over 130 coins and 240 trading pairs will be offered on both of the new Upbit exchanges, according to their websites. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Latest Expansion Plan Upbit, one of South Korea’s largest cryptocurrency exchanges, has been marketing new crypto exchanges in Thailand and Indonesia in their local languages, according […]

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Vietnam at Crossroads on Cryptocurrency Regulations

Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment. Also read: Uzbekistan Sets up International Arbitration Center for Crypto Businesses Justice Ministry Reports on Regulatory Approaches Vietnam’s Ministry of Justice has submitted а report to the government in Hanoi that contains a review of the current legislation and an assessment of cryptocurrency-related business activities in […]

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Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on Sunday, Nov. 11. Also read: Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks Digital Assets See Some Slight Losses Over the Last Three Days Cryptocurrency markets have had an interesting week […]

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Exchanges Roundup: Binance ‘Very Healthy’ Despite Volume Drop, Gate.io Breached

In cryptocurrency exchange news, Binance’s CEO has described the exchange as “very healthy” despite the dramatic reduction in trade volume compared with early 2018, and Gate.io was recently breached via a malicious script added to web analytics provider Statcounter. Also, a South Korean ICO raising money for a crypto exchange desk appears to have pulled a $2.73 million exit scam. Also Read: Korean Exchange Terminating After Regulator Crackdown Binance Unphased by Dwindling Volume Speaking to CNBC, CZ, the chief executive officer of the largest exchange by volume, Binance, […]

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