Bitcoin in Brief Thursday: Bitcoin Supporter Might Be Next NY Attorney General
Good news for American bitcoin companies, someone who wants much lighter Bitlicense regulations is in the running to be the next New York attorney general. And in China, a bitcoin mining hardware producer is planning a $1 billion IPO. These stories and much more in today’s edition of Bitcoin in Brief.
Bitcoin Supporter for NY AG
A bitcoin supporter wants to replace New York Attorney General Eric Schneiderman, who recently resigned after four women complained about non-consensual physical violence by him. Manny Alicandro has announced his candidacy on the Republican ticket. He is a stock market lawyer, former stand-up comedian, and a bitcoin enthusiast as the Wall Street Journal reports.
Alicandro expects his campaign to highlight the current harsh regulation of bitcoin. He said he’d like to see lighter rules for cryptocurrency businesses, arguing that the Bitlicense is hurting jobs and stifling innovation. He serves as an adviser to several blockchain startups and is a small investor in bitcoin and several other cryptocurrencies himself. The report adds that the AG candidate is currently checking if it is permissible for his campaign to accept donations in bitcoin.
Canaan Seeks $1 Billion IPO in Hong Kong
Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, is now reportedly planning to launch an IPO in Kong Kong and raise up to a billion USD. As we previously reported, the company was also eyeing the US for a possible IPO market but has now ditched that option according to people familiar with the matter cited by the South China Morning Post.
Warren Buffett Produces Bitcoin Mining Hardware?
Warren Buffett, the chairman and CEO of Berkshire Hathaway, has recently attacked bitcoin by saying among other things that the cryptocurrency is “probably rat poison squared.” Therefore he would probably be very surprised to find out that he is involved with it in some way. According to reports from Canada, Climate Solutions TMI, a subsidiary of Berkshire Hathaway, has begun producing “portable cryptocurrency mines” for Montreal-headquartered data-centers firm Kelvin Emtech.
These “portable mines” are containers with specialized ventilation systems needed to keep 1,200 rigs cool inside a metal box. They are said to be deployable anywhere in the world in two days, each consumes 2 MW of electricity, and can generate around $1 million in cryptocurrency revenue each month. “We wanted it to be easily transported by truck, boat or train. The goal is not to move them all the time, but rather to eliminate the problem of access to electricity. We want to bring these cryptocurrency mines as close as possible to the hydroelectric plants and the remote areas where Hydro-Québec has excess electricity to sell,” explained Fooad Nejad of Kelvin Emtech. “We get to recover between 80 and 97% of the heat produced. Containers could be placed near marijuana greenhouses or community centers, for example, and provided free of charge to partners. It’s like saying, ‘I’m scratching your back, you’re scratching my back’,” he added. The company also believes that this order will create about 200 jobs in the area.
Amana Capital Adds Cryptocurrency CFDs
Amana Capital, a Middle Eastern financial services group, is the latest online trading brokerage to add cryptocurrency-based contracts for difference (CFDs). The company explains it took the move due to “the increased demand for cryptocurrencies.” As a first phase, Amana will offer its clients the option to trade BTC, ETH, LTC, and XRP on its MetaTrader 5 platform, with additional cryptocurrencies promised to be added in the future.
Ahmad Khatib, CEO of Amana Capital, said: “Making cryptocurrencies available for CFDs traders across the world, falls in line with our strategic mission to further diversify our financial offerings and services, according to the latest financial innovations. Hence, we believe that entering the cryptocurrency market is a strategic move that propels our efforts on that end.”
Blox Releases “Quickbooks for Crypto”
Blox.io, a Tel Aviv-based startup formerly known as Coindash, has announced it launched Blox Business – an enterprise solution for managing, tracking and reporting crypto assets. The new platform is already being used by several ventures such as eToro, Wings, CIVIC, Coinsilium, Aeternity, Chainlinker capital, Startup Token and others. It features integrations with multiple exchanges and wallet accounts so that companies will be able to have a single dashboard with all their cryptocurrency holdings in one place. This solution is meant to help executives manage their books and finances by keeping an eye on stuff like cash flows, payments and salaries.
Dash CEO Hacked
Hackers continue to target victims in the cryptocurrency space, and the latest one revealed to be hit is CEO of Dash Core, Ryan Taylor. According to an announcement by the group, his Twitter account, LinkedIn account, and personal cell phone SIM card have all been compromised. After a few hours of it posting nonsense, Taylor has now regained control of his Twitter account. Last week we reported that hackers had taken over the official Vertcoin Twitter account.
Bitcoin on the Late Show
With the cryptocurrency now routinely featuring in hit shows like HBO’s Silicon Valley, its not that exciting to see bitcoin on TV but it’s still a good opportunity to reach a wider audience. The Late Show with Stephen Colbert recently hosted Reddit co-founder Alexis Ohanian who spoke about the promise of bitcoin for protecting wealth from government misuse. If you missed the segment, check it out bellow.
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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