Monthly Archives: August 2019

Crypto Mining Company CoinMine Secures $2.5 Million in Seed Round

Cryptocurrency mining company CoinMine has completed a $2.5 million round of seed funding, earmarked for developing the all-in-one mining machine, Coinmine One. Cryptocurrency mining company CoinMine has received a fresh injection of funds from a $2.5 million seed round led by the investment company M13. Coinmine announced the successful fundraiser in an official blog post on Aug. 15. As part of the announcement, Coinmine said it will continue to support more cryptocurrencies and ship out “over-the-air” updates.  The company offers a product called Coinmine One, which is […]

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Mark Yusko: Bitcoin Is a “Chaos Hedge, or Schmuck Insurance”

Morgan Creek Capital CEO Mark Yusko dismisses daily price tracking of Bitcoin, calling the currency a “chaos hedge, or schmuck insurance.” Morgan Creek Capital CEO Mark Yusko called Bitcoin (BTC) a “chaos hedge, or schmuck insurance,” in an interview with CNBC Fast Money on Aug. 14. Yusko made the comment while explaining the folly in paying too much heed to the daily price movements of BTC. Should we park the narrative of Bitcoin price’s correlation with global turmoil? The interviewer noted that people had been making a […]

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Water Management Firm to Use Data Gumbo’s Services for Efficiency

A company providing water management services to oil-and-gas companies is going to use Data Gumbo’s blockchain platform to automate its services. Austin-based Antelope Water Management has announced that it is going to start using a blockchain platform developed by Data Gumbo.  The announcement appeared in a press release on Aug. 15. Antelope Water Management is a company that develops sustainability-focused water services for oil and gas extractions, while Data Gumbo provides blockchain services for the oil and gas industry.   According to the release, Data Gumbo’s blockchain network, […]

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Binance to Resume US Operations Within Two Months, Predicts CEO CZ

Binance CEO Changpeng Zhao has predicted that Binance will resume serving the US within two months, thanks to help from BAM Trading Services. Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months. Navigating U.S. regulation Zhao, also known as CZ within the crypto community, made his prediction in an interview with online news outlet Cheddar published Aug. 15. When asked about Binance’s return to operations in the U.S., Zhao said:  “I […]

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Alibaba Files US Patent for Blockchain Domain Name Management System

Alibaba has filed a patent for a proposed technology that names and identifies blockchain domains across chains. Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”  Alibaba filed its latest application on Aug. 15 in a continuation of an application filed in November 2018. According to the filing, Alibaba intends to patent a system that uses what they call a “unified blockchain domain name” (UBCDN) in order to denote and share information. In […]

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Court Denies Craig Wright’s Motion for Judgment in Kleiman V. Wright

The judge overseeing the Kleiman V. Wright case has denied Wright’s motion for judgment on the pleadings, citing lack of credibility. Judge Bruce Reinhart has denied a motion from Craig Wright in the ongoing Kleiman V. Wright saga. Wright apparently filed for a judgment on the pleadings in a two-pronged attack — neither of which met with sympathy from the court. The court issued its decision on Aug. 15. As stated in the court document, Wright presented a factual attack, which was that the court lacked subject […]

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Samsung Adds Bitcoin Support to Its Blockchain Keystore

On August 13, Samsung, the South Korean multinational conglomerate, published the company’s new Blockchain Keystore SDK for developers and the latest release supports Bitcoin Core (BTC). The version follows Samsung’s previous Keystore release which only supported ETH and the ERC20 standard. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain Samsung Quietly Adds BTC Support to Its Blockchain Keystore Cryptocurrency advocates were pleased to notice that Samsung (OTCMKTS: SSNLF) had finally added BTC support to the company’s Blockchain Keystore software development kit (SDK). […]

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Crypto Exchange Poloniex to Delist 23 Trading Pairs Due to Low Volume

San Francisco-based cryptocurrency exchange Poloniex is going to remove 23 trading pairs, ostensibly due to low volume. San Francisco-based cryptocurrency exchange Poloniex is going to remove 23 trading pairs ostensibly due to low volume. In a tweet published on Aug. 15, Poloniex announced that it will be removing 23 trading pairs on August 16, 2019, due to low volume. After removing, each asset will continue to be independently tradable, the exchange notes.  The list of pairs slated for removal reads: LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, […]

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Celsius Network Incorporates Bitcoin.com Platform to Streamline Services

A new partnership between crypto lending platform Celsius Network and Bitcoin.com aims to streamline digital currency-related services for crypto owners. A new partnership between crypto lending and borrowing platform Celsius Network and fintech-focused media outlet Bitcoin.com aims to streamline digital currency-related services for crypto owners using the Celsius App. Per a press release published on Aug. 15, Celsius has integrated Bitcoin.com’s trading platform into its Celsius App to simplify cryptocurrency holders’ access to financial services. Users can now purchase a range of major cryptocurrencies including Bitcoin (BTC), […]

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Ron Paul Slams Fednow Payment System and Encourages Crypto Competition

Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received the news of the Fednow program with little more than a disinterested shrug. Paul is not impressed either, maintaining that the implementation will crowd out competing protocols like Bitcoin, placing even more power in the hands of an already dangerously incompetent […]

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