Monthly Archives: November 2018

Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)

Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.S. The traceable turkeys, a limited supply of which is also available through internet retailer Amazon, offer consumers a high-tech connection to the farm where the centerpiece of the meal began its journey to the table. The blockchain, which Honeysuckle White developed using Hyperledger’s Sawtooth platform, is intended to establish a “proven and […]

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China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline

Chinese crypto miners are reportedly selling their mining equipment “by kilo,” as they have reached the “shutdown price” amidst the recent market crash. Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool. Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300 per coin. The decline has resulted in a […]

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Nigeria’s Opposition Leader Promises Cryptocurrency Policy If Elected President

Nigeria’s main opposition leader and former vice president, Atiku Abubakar, has said the country will adopt blockchain technology and cryptocurrency if he is voted into power. In his policy document, Abubakar revealed plans to create a legal policy that, among other things, will see blockchain and cryptocurrencies taught from primary school through university. Also read: Italian Securities Regulator Warns Against Three Unlicensed Cryptocurrency Companies ‘Comprehensive Policy’ More than 50 candidates are jostling to defeat Muhammadu Buhari, Nigeria’s incumbent president, in general elections slated for February. Abubakar is the […]

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Gibraltar’s Regulator Grants Full License to the Gibraltar Blockchain Exchange

The Gibraltar Blockchain Exchange (GBX) has been granted a license from the Gibraltar Financial Services Commission (GFSC) required to operate a regulated blockchain exchange. The exchange was granted the Distributed Ledger Technology License Category 3, which represents the “highest category that can be awarded” within the DLT regulatory framework by the GFSC. “Securing authorization as a DLT provider here in Gibraltar is affirmation of our tireless efforts to position the GBX among the premiere Digital Asset Exchanges globally. Today’s announcement renews our ambition to create a world […]

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Miner Goes Bankrupt, Manufacturers Stuck With Inventory, Rigs ‘Sold By Kilo’ as Scrap

In our latest roundup of mining-related news, we look at a few examples of the knock-on effect that the current cryptocurrency bear market is having on the global mining industry and its main hardware suppliers. Also Read: US Bank That Serves 483 Cryptocurrency Companies Is Seeking an IPO American Mining Operation Goes Bankrupt Giga Watt, a bitcoin miner based in the U.S. state of Washington, filed for bankruptcy on Monday. The company told the Eastern District of Washington bankruptcy court that it is “insolvent and unable to pay […]

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Grant Thornton Attests USDC Is Backed by Fiat, Huobi Sets Up Communist Party Branch

In exchange news, we look at a major accounting firm’s attestation that all USDC tokens issued by Circle are fully backed by fiat dollars. We also focus on a Huobi Group subsidiary that has set up a Chinese Communist Party branch, as well as Bakkt, which has listed the reasons behind its move into bitcoin. Also Read: US Bank That Serves 483 Cryptocurrency Companies Is Seeking an IPO Accounting Firm Supports Circle’s USDC Claim Coinbase has published a post on its blog announcing that accounting firm Grant Thornton […]

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Here’s How You Can Get Amazon to Kick Some Cash to a Bitcoin Charity

Are you planning to do some shopping on Amazon this holiday season? If so, you can also support BitGive, the first registered 501(c)(3) nonprofit charity that uses the power of bitcoin to support some great philanthropic projects around the world. This year, BitGive is celebrating its fifth anniversary of charitable work in the Bitcoin space. And while shoppers can support its philanthropic efforts year round through the AmazonSmile program, now is the time of year when you might be spending a bit more time (and money) on […]

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What Is Going On With the Crypto Markets, Analysts Unpack Factors Behind 10-Days Slump

Industry experts weigh in on the leading factors behind a massive slump in the cryptocurrency markets. Over the last 10 days the cryptocurrency markets have endured a massive sell-off across the board. There are a number of reasons that have led to the highly bearish sentiments on the market but seeing red has been difficult for many. As the value of Bitcoin and numerous altcoins have continued to decline to depressing levels, and a certain amount of panic has ensued. Cointelegraph has reached out to various industry […]

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Norway Withdraws Electricity Subsidies From Bitcoin Mining Farms

Norway has struck a blow to its domestic crypto mining industry by acting to end electricity subsidies for BTC mining facilities. Norway has acting to end electricity subsidies for Bitcoin (BTC) mining facilities, Norway’s largest printed newspaper Aftenposten reported Nov. 21. Until now, mining farms — in keeping with other power-intensive industries — paid a low rate of 0.48 øre ($0.05) per kilowatt. This will now rise to 16.58 øre per kilowatt as of January 2019, following an amended to the state budget agreement. One vocal parliamentary […]

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Market Slump Puts Crypto Derivatives in the Spotlight

As volatility returns to cryptocurrency markets, with serious losses over the past week or so, digital asset exchanges and other fintech platforms have again turned their attention to crypto derivatives. Instruments such as bitcoin futures contracts can help traders hedge against risks and even profit from falling prices.  Also read: Isle of Man Updates Registration Rules for Cryptocurrency Businesses Huobi Launches Crypto Derivatives Market Singapore-based digital asset exchange Huobi has announced the beta launch of its cryptocurrency derivatives trading platform. Huobi Derivative Market (Huobi DM) allows users […]

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