Bitmain Confirms New Crypto Mining Facility in Texas
Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year.
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Palestinians Are Using Bitcoin to Transact Across Borders Amid Conflict
For a small but growing community of users in the occupied Palestinian territories of the Gaza Strip and the West Bank, bitcoin has become a lifeline. Ahmed Ismail, a financial analyst in Gaza, estimated there are at least 20 unofficial "exchange" offices there dealing cryptocurrency to local users. Ismail himself helps 30 clients use bitcoin…
CFTC Chair: ‘Explosion of Interest’ in Crypto May Spawn New Clearinghouses
news The U.S. Commodity Futures Trading Commission (CFTC) expects to see more companies apply to become federally-regulated clearinghouses as a result of growing interest in cryptocurrencies. Chairman J. Christopher Giancarlo, testifying on “the state of the CFTC” before the U.S. House Agriculture Committee on Wednesday, said in his opening remarks that the clearinghouses his agency…
Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a ‘Scam’
Prices of meme coin bob (BOB) slid as much as 45% on Sunday as its popular automated Twitter bot was suspended after the social media giant's owner Elon Musk called the account a “scam."Twitter even suspended another automated bot called @AskTheWassie, a comic frog that operated similarly to @ExplainThisBob on Sunday.“Promotion of scams under the…
Prof. Michael Sung Talks About the Rise of the Digital Yuan
Feb 3, 2020 at 15:05 UTCUpdated Feb 3, 2020 at 15:17 UTCMichael Sung image via CoinDesk videoMichael Sung, a professor at Shanghai’s Fudan University, spoke to CoinDesk’s Michael Casey on the sidelines of the World Economic Forum in Davos, Switzerland. The topic? The intertwined growth of digital currency and blockchain projects in China.How big a…
Bitcoin Drops Over 3% Despite Golden Cross and Bank Calls for More US Stimulus
May 21, 2020 at 10:08 UTCBitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts.The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment banks…
Bitfinex Repays Tether $100 Million of $700 Million Loan
news Crypto exchange Bitfinex said Tuesday that it had begun repaying a loan from its sister company Tether. Bitfinex borrowed as much as $700 million from the stablecoin issuer through a line of credit in early 2019, according to legal filings by the New York Attorney General (NYAG)’s office. The exchange needed the cash to…
Opporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public Defense
Jan 28, 2020 at 14:00 UTCUpdated Jan 28, 2020 at 14:07 UTCCredit: Andriy Blokhin / Shutterstock.comOpporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public DefenseThe founder of blockchain marketplace Opporty has said the Securities and Exchange Commission's (SEC) legal case against the firm could have repercussions for other crypto companies. In an eight-page open letter…
Binance-Backed Privacy Mavens Release Tokenomic Lynchpin: ‘Proof-of-Relay’
Oct 20, 2020 at 13:00 UTCUpdated Oct 20, 2020 at 13:33 UTCHOPR's founding team: Robert Kiel, Sebastian Bürgel and Rik Krieger.(HOPR)Binance-Backed Privacy Mavens Release Tokenomic Lynchpin: ‘Proof-of-Relay’Decentralized privacy protocol HOPR is releasing “proof-of-relay” (PoR), the lynchpin of its incentive mechanism that ensures payments go to users that help shuffle data traffic among other nodes on…