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by Priyeshu Garg at Altcoins, Bitcoin, Mining, News, Tech
It has not been a good year for cryptocurrency mining manufacturing giant Bitmain, as the company is suffering from inventory losses, a lack of new manufacturing and the dwindling crypto mining market, a Bloomberg report on 18 September 2018, revealed. Bitmain Forgot the Rule for Selling Shovels The world’s largest cryptocurrency mining rig maker is facing a tough year, as…
READ MORECategory: Bitcoin, Finance, News, Regulation
California’s campaign watchdog arm, the Fair Political Practices Commission, ruled that candidates will not be allowed to receive donations for political campaigns with cryptocurrencies like bitcoin, the Associated Press reported on September 21, 2018. Cryptocurrency Donations a Threat to Political Transparency A new ruling from the state’s political watchdog says that candidates running for public offices in the state of…
Category: Bitcoin, Blockchain, Finance, Investment, News
Crypto Valley Venture Capital, a consortium of Swiss investors launched by founders of Lakeside Partners, has launched its initial “Genesis Hub” incubator in Zug to collect up to $100 million, Swiss Info reported on September 20, 2018. A Swiss Consortium For The Blockchain Crypto Valley Venture Capital, a consortium of investors with a vested and unique interest in developing and…
Category: Altcoins, Bitcoin, Finance, News, Regulation
Since bitcoin’s first appearance, regulators have shown their concerns and tried to level the rules concerning virtual currency adequately. However, these rules are far from clear, and now financial regulators are urging the IRS to draw a solid framework for virtual currencies according to September 19, 2018, reports. Swift Update to Opaque Tax Guidelines According to IBTimes, at least five…
Category: Blockchain, Exchange, Investment, News, Regulation
South Korea’s Ministry of Science and Information Communications Technology (ICT) has vowed to increase Government funding and support for the nation’s blockchain companies. According to Business Korea’s article published on September 21, 2018, the Government’s decision to boost support was to assist blockchain startups with current challenges and help drive growth to domestic blockchain industry. Government to Actively Back Domestic…
Category: Altcoins, Bitcoin, Commentary, Finance, News
Outspoken Litecoin creator, Charlie Lee, went to Twitter to make a case for why he believes that competitors are suppressing the price of Litecoin (LTC), opponents and those who are shorting “his” digital currency on September 19, 2018. “A Concerted Effort to Suppress Litecoin Price” Charlie Lee stated on Twitter that there has been “a concerted effort” by individuals and…
Category: Blockchain, Development, Ethereum, Exchange, Finance, Investment, News
Commodity traders, energy majors, and large banks have set up a new venture to digitize and facilitate commodity trade through a blockchain-based open platform, Societe Generale announced in a September 19 press release. Swiss Consortium Drives Blockchain Adoption Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, Reuters…
Category: Bitcoin, Finance, News, Regulation
A Candidate for the Taipei City Council (TCC) has received the country’s first political donation in bitcoin, saying the development had both political and technological implications, Yahoo News reported on September 20, 2018. Taiwan’s First-Ever Political Donation in Bitcoins According to a September 20 Yahoo News report, a political donation has been made in bitcoin for the first time in…
Category: Altcoins, Blockchain, News, Tech
In an interview with Bloomberg, Grainne McNamara, the blockchain lead at PricewaterhouseCoopers (PwC), mentioned on September 18, 2018, that there is a lot of demand for blockchain technology and interest in the token economy despite the bearish cryptocurrency market. While blockchain is prevalent emerging technology, regulatory uncertainty is a massive ongoing concern that can impact blockchain’s ability to grow and…
Category: Bitcoin, Development, News, Regulation
The U.S. Securities and Exchange Commission has once again delayed its decision on the VanEck and Solid X backed exchange-traded fund, looking to invite more feedback, the agency said in a September 20, 2018, filing. More Delays It seems that the wait for an exchange-traded fund that invests in Bitcoin is nowhere near finished, as the SEC seeks additional comments…
Category: Blockchain, Business, News, Regulation
India is currently witnessing the mass movement of blockchain and cryptocurrency talent, as the regulatory environment toughens within the country. According to an article published by News18 on September 19, 2018, blockchain talent which includes developers, service providers, and blockchain-related companies are moving abroad to cryptocurrency-friendly countries like Thailand, Estonia, and Switzerland. Blockchain Destinations Attracting Indian Talent “There are talented…
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