Monthly Archives: January 2020

Has Quebec Missed the Ship for Attracting Cryptocurrency Miners?

An uncertain regulatory climate has led cryptocurrency mining companies to seek opportunities elsewhere, rather than in Quebec. The results of a 300 megawatt (MW) energy allocation for cryptocurrency miners, run by Canadian provincial utility provider Hydro-Québec, has failed to attract expected demand from the local industry. A Request for Proposals (RFP) for power allocation was opened in June last year, supposedly based on huge demand of around 16,000MW from miners around the world that wanted to take advantage of Quebec’s hydroelectric power. Bid submissions closed on Oct. […]

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Binance Invests in Taiwanese Blockchain Data Monetization Startup Numbers

Major cryptocurrency exchange Binance invested in blockchain data monetization startup Numbers. Major cryptocurrency exchange Binance has invested an undisclosed sum in blockchain data monetization startup Numbers. According to a post published on Binance’s official blog on Jan. 21, Numbers aims to create an open, transparent and traceable data sharing, verification and management system. The firm’s open source application reportedly allows individuals to own and monetize their personal data. Since last year, Numbers has reportedly worked with nonprofit Shoah Foundation, the Stanford University and IBM to develop data […]

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Pornhub Adds Tether Stablecoin as New Crypto Payment Option

Adult entertainment website Pornhub has added a new crypto payment option after PayPal had abruptly stopped servicing its models in late 2019. Adult entertainment website Pornhub has added a new cryptocurrency payment option after PayPal had abruptly stopped servicing its models in late 2019. According to a Jan. 23 blog post, Pornhub now supports Tether (USDT) — a major United States dollar-pegged stablecoin — to allow instant and zero-fee payments via the crypto wallet and browser extension TronLink. Pornhub supports Tron-based USDT TronLink is a native wallet […]

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World Economic Forum Debuts Framework for Central Bank Digital Currency

The World Economic Forum has released a toolkit for policymakers regarding the creation of central bank digital currencies. The World Economic Forum (WEF) — together with some of the world’s major central banks — has created a central bank digital currency (CBDC) policymaker toolkit. According to an announcement  on Jan. 22, the toolkit is the WEF’s attempt to help policy-makers understand whether deploying a CBDC would be advantageous and guide them through its design. The WEF collaborated with regulators, central bank researchers, international organizations and experts from […]

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Blockvest Saved from Default Judgement in Fraud Case

Blockvest obtained a small victory in a case against an elderly couple accusing it of unlawful business conduct, but this may not matter in the long run. Blockvest, which is currently embroiled in a dangerous lawsuit with the SEC, obtained a small victory in a similar case filed by an elderly couple. However, the Jan. 21 court filing suggests that this is based on a legal technicality. The case against Blockvest was filed by Tommy and Christine Garrison, who alleged that the project violated securities law and […]

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Ether Price Drop Slashed Valuation of Crypto Valley’s Top 50 Firms by 40%

A new report from CV VC notes the effect of Ether prices on the valuation of top cryptocurrency and blockchain firms in Crypto Valley. The combined valuation of the top 50 blockchain-related firms in the Swiss canton of Zug — known as “Crypto Valley” within the industry — fell by nearly half in 2019. Swiss investment firm CV VC debuted a new report at the World Economic Forum in Davos, Switzerland on Jan. 22, giving an appraisal of the blockchain and cryptocurrency industries in the Crypto Valley […]

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More BS on Lightning: Blockstream Pours Liquid on Thick

Blockstream reps have long been pushing for full implementation of the perpetually-delayed Lightning Network as the main solution for BTC scalability. With the recent announcement of “federated sidechain” Liquid’s integration with Btcpay, however, the tune seems to have changed. Past weeks have found Blockstream execs Adam Back and Samson Mow not only pushing Liquid hard, but going so far as to belittle Lightning, the once almost messianic layer-2 solution to Bitcoin Core’s scaling ills. Also Read: Researcher’s Scathing Lightning Network Analysis Finds Flaws Liquid and Lightning With […]

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Peter Schiff Bungled Wallet Password, Solving ‘Bitcoin Mystery’

Famous crypto skeptic and gold bug Peter Schiff said that he realized that he lost his Bitcoin because he mistook the pin of his wallet for the password. Famous crypto skeptic and gold bug Peter Schiff said that his “Bitcoin mystery” is solved after realizing that he mistook the pin of his Bitcoin (BTC) wallet for the password. In a tweet on Jan. 22, Schiff explained that he knows the pin of his wallet, but after the app was updated, he was logged out and he could […]

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Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check

A third stint below $8,500 hit markets on Thursday as progress towards $9,000 appeared unlikely once again. Bitcoin (BTC) dipped below $8,500 on Jan. 23 as traders’ expectations of a slow downtrend from recent highs appeared to slowly come true. Cryptocurrency market daily overview. Source: Coin360 BTC returns to $8,400s Data from Coin360 and Cointelegraph Markets showed BTC/USD reach lows of $8,480 overnight on Wednesday. At press time, Bitcoin hovered at around $8,505. The former level matches two other brief lows seen this week, and represents the […]

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Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines in Canada and Malaysia. We also cover the FATF’s progress to ensure countries implement its crypto standards, the regulatory developments in South Korea, China, Russia, Uzbekistan, Venezuela, and six central banks and […]

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