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Coinmint Repurposes Aluminum Smelting Plant into Mega Bitcoin Mining Center

June 8, 2018 by Priyeshu Garg at Bitcoin, Business, Mining, News, Tech

Coinmint has revealed plans to open a massive bitcoin mining facility in upstate New York. The mining company unveiled its latest plan in a statement on June 5, 2018. The new facility is expected to provide 150 jobs within the next 18 months and will cost roughly $700 million to...

Beyond Speculation: The Southeast Asian Example for Mainstreaming Blockchain

June 8, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

Sachaknisay Sov is either a poor rural Cambodian with little access to the global economy or an early adopter of a technology solution that could sweep the world and raise two billion of its poorest people out of poverty. It depends on your perspective. Value In the Unbanked Market On...

Cryptocurrency Hedge Funds Reportedly Increasing and Could Triple in 2018

Meet the Institutional Investor Quietly Investing in Bitcoins

June 8, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News

Amidst the clamor of bitcoin trading on Wall Street and firms scratching their heads trying to figure out how to incorporate the burgeoning cryptocurrency sector into their strategies, another company is secretly leading the way. Quietly Investing in Bitcoins As per a report in The New York Times, the Philadelphia-based...

Non-Profit Organizations in Crypto-Friendly Argentina Launch Bitcoin Campaign

June 7, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Finance, News, Tech

At a time when the price of bitcoin and other cryptocurrencies are experiencing a significant slump, causing the enthusiasm of some in the virtual currency ecosystem to get cold, Bitcoin Argentina and Bitcoin Latin America are painting the town gold with their Latin American cryptocurrency sensitization initiative. The Gospel of...

Bitcoin and Cryptocurrencies Find a Home in Slovenia’s BTC City

June 7, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, News, Tech

Slovenia’s Ljubljana is reportedly on the path to become the world’s first Bitcoin city. Spread over 250,000 square meters, the metropolis is home to over 450 pending crypto-merchant establishments. At least, this is the view of the AI commerce platform Eligma who is in the process of testing its cryptocurrency...

Google and Facebook under Fire for “Unethical” Cryptocurrency Ban

June 6, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

While Google’s famous motto says “Don’t be evil,” industry experts believe that the company’s self-policed decision to ban cryptocurrency adverts on its platforms is “ill-thought-out and potentially even unethical.” Google’s Mixed Signals The policy came into effect in June 2018, after Google announced the ban in March 2018. Additionally, social...

Japanese Giant SBI Plans a Crypto Exchange

World’s First Bank-Backed Crypto Exchange Debuts in Japan

June 5, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News, Tech

The Japanese financial services behemoth, SBI Group, announced the launch of its in-house cryptocurrency exchange on June 4, 2018, following months of anticipation and delays. Delayed Plans In May 2018, BTCManager reported that SBI was looking to open Japan's first banked-owned cryptocurrency exchange. Delays slowed plans due to security concerns...

IOTA and Largest Financial Group in Norway Collaborate to Explore Tangle Solutions

June 5, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News, Tech

IOTA has announced a partnership with Den Norske Bank (DNB) to explore useful solutions for Tangle Technology. IOTA revealed the collaboration via a press release on the IOTA Foundation website on May 31, 2018. Details of the Partnership The Norwegian is the largest financial group in the country with the...

The Australian Beach Town Where You Can Pay for Your Holiday in Bitcoin

June 4, 2018 by Cindy Huynh at Bitcoin, Business, News

Agnes Water-1770, a town in central Queensland, Australia is currently “Australia’s first digital currency-friendly” tourist town. They currently have over 30 businesses that accept cryptocurrencies as an alternative form of payment. The goal is to attract more international tourists who prefer to pay for goods and services with digital currencies...

Meet the Unknown Bank That Is Funding Major Cryptocurrency Exchanges

June 4, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

The somewhat hyped Consensus 2018, witnessed a deep interest in a San Diego-based small community money-lender Silvergate Bank. It has been hailed as a lifeline for cryptocurrency exchanges and enterprises which have been shown the exit by Wall Street banks. The Lifeline for the Crypto Industry According to a report...

Ex-Augur Founder Launches Blockchain Religion, Offers “Totems” to Devotees

June 4, 2018 by contributor at Altcoins, Blockchain, News, Tech

While most blockchain enthusiasts go ahead and create their own cryptocurrency, Augur’s ousted co-founder Matthew Liston has gone one step ahead and formed his own blockchain-backed religion. Religion a Billion Dollar Opportunity Earlier in May 2018, Liston was embroiled in an ugly $152 million lawsuit with his former co-founders, accusing...

Buying Groceries With Cryptocurrencies Becomes a Reality

June 4, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Business, Ethereum, News

In an attempt to bring cryptocurrencies into the mainstream, a crypto enthusiast entrepreneur (or a team) have come up with an innovative idea to blend two passions; virtual currencies and nutrition, by enabling grocery shopping using cryptocurrencies, known as CoinGrocer. The ardent anonymous team launched a beta version of an...

Bitcoin’s Promise of Global Currency to be Tested at FIFA World Cup in June 2018

June 2, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, News, Regulation

Bitcoin could be set for a significant boost as Russia prepares to host the 2018 FIFA World Cup from June 14, 2018. Numerous hotels across the country have announced plans to accept bitcoin as a currency to ease forex woes for tourists. Rise in Merchants Accepting Bitcoin in Russia Russia...

Bitcoin Candy Dispenser Reveals Sweet Future for Bitcoin Micropayments

June 2, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, News, Tech

Since the price of bitcoin (BTC) hit the moon and earned global recognition, many have criticized the flagship cryptocurrency for its inability to process micropayments such as purchasing groceries or paying for chocolate at a neighborhood store. The Knezic Revolution However, a Swiss coder has proven all bitcoin pessimists wrong...

GMO Launches “CryptoChips,” A Bitcoin-Based Gaming Rewards System

June 2, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, Mining, News

Prominent Japanese conglomerate, GMO Internet Inc., has taken another significant step in its quest to excel in the cryptocurrency market. On May 31, 2018, the firm announced the launching of an in-game rewards system called CryptoChips. About CryptoChips GMO announced the crypto gaming rewards system via a press release on...

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