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Blockchain Brunch Hamptons White Party • August 21, 2018

 With the SEC decision on the third Bitcoin ETF likely just four weeks away. Right now, there is no better…

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Tag: business news

Japanese Conglomerate GMO Releases Bitcoin Miner to Compete Against Bitmain

Category: Bitcoin, Business, Mining, News, Tech

Japanese Conglomerate GMO Releases Bitcoin Miner to Compete Against Bitmain

GMO, which has allocated around ten percent of the company’s capital and resources in developing cryptocurrency mining equipment and bitcoin mining facilities, released its highly anticipated bitcoin miner on June 5, directly competing against the dominant cryptocurrency mining equipment manufacturer Bitmain. GMO’s Bitcoin Miner Specs The release event in Japan at GMO’s headquarters revealed the new bitcoin miner would cost…

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Coinbase Arrives in Japan, Welcomes New FinTech Leader

Category: Bitcoin, Business, Ethereum, Finance, News

Coinbase Arrives in Japan, Welcomes New FinTech Leader

Coinbase announced the launch of a new office in Japan on June 4, 2018, and welcomes FinTech leader Nao Kitwaza to take the lead.  The cryptocurrency exchange is currently “working hand-in-hand” with the Japanese FSA to comply with laws. “As a regulated, compliant crypto company in the U.S., we will focus on building that same level of trust with new…

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HitBTC Cryptocurrency Exchange Stops Servicing Japanese Residents

Category: Business, Finance, News, Regulation

HitBTC Cryptocurrency Exchange Stops Servicing Japanese Residents

The regulatory wars continue. The eighth largest crypto exchange in the world by traded volume, HitBTC, has barred Japanese citizens from using its platform citing regulatory issues. Goodbye Japan According to a blog post by the firm on June 3, 2018, the HitBTC team has made it clear its effort towards getting approved by the nation’s regulatory authority is yet…

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Substandard: Bitmain’s Antminer B3 Bitcoin Miner Not Exactly as Hyped

Category: Bitcoin, Business, Commentary, News

Substandard: Bitmain’s Antminer B3 Bitcoin Miner Not Exactly as Hyped

The world’s largest Bitcoin miner-manufacturer, Bitmain, has gotten into the bad books of some of their Chinese customers by manufacturing a substandard cryptocurrency mining machine. During April 2018, at the Blockchain and Artificial Intelligence summit forum in Hangzhou, Bitmain’s Head of Miner Sales, Fan Xiaojun introduced the B3 Miner and claimed it could generate 780 H/s mining hash rate with…

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London Sticks With Fiat: Here’s Why Bitcoin Has Not Caught Up In The World’s Forex Trading Capital

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

London Sticks With Fiat: Here’s Why Bitcoin Has Not Caught Up In The World’s Forex Trading Capital

Since the phenomenal rise of the credit default swap, popularly known in financial circles as the ‘derivative,’ the City of London has been at the forefront of global foreign exchange trading, with a daily forex market value of approximately $5.5 trillion. The Square Mile has gained a fearsome reputation as the leader of global foreign exchange trading due to decades…

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Former VISA CEO Joins Cryptocurrency Payments Startup

Category: Altcoins, Bitcoin, Business, Finance, News

Former VISA CEO Joins Cryptocurrency Payments Startup

Marc O’Brien, the former CEO of Visa in the United Kingdom and Ireland, has recently joined a new cryptocurrency startup, which aims to make crypto transactions a routine habit for its spenders. Crypto-Startups Realise The Value of Experience The startup, Crypterium, was founded by a group of young entrepreneurs who aim to make the process of making payments via cryptocurrency…

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Major Natural Gas Company in the Czech Republic Adopts Bitcoin Payments

Category: Bitcoin, Business, Finance, News

Major Natural Gas Company in the Czech Republic Adopts Bitcoin Payments

The Czech Republic’s largest natural gas company Prazska Plynarenska announced that it would soon begin accepting payments in bitcoin. Clients will have the choice to pay their monthly dues in cryptocurrency as well as fiat currency. From local media reports, it seems as if the company is attempting to modernize its infrastructure to better align with the present. The company…

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Cryptocurrency Exchange Giant, Bitfinex, Moving to Puerto Rico

Category: Altcoins, Bitcoin, Business, Finance, News

Cryptocurrency Exchange Giant, Bitfinex, Moving to Puerto Rico

Bitfinex, one of the biggest cryptocurrency exchange platforms in the world, is under scrutiny as rumors have been going around that it has been using one of Puerto Rico’s financial institutions as a banking partner. According to three people with knowledge on the matter, Bloomberg has reported that Bitfinex has opened accounts with Puerto Rico’s Noble Bank International. The unnamed…

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Former CEO of Second Largest Cryptocurrency Exchange in the World Joins Huobi

Category: Business, Finance, News

Former CEO of Second Largest Cryptocurrency Exchange in the World Joins Huobi

On May 14, 2018, OKEx CEO Chris Lee shockingly resigned from his post, citing personal reasons and a “desire to start a new life.” Now, the FinTech and digital payments expert joins Huobi, a primary rival of his former firm barely one week after dumping OKEx. Huobi Bolstered with New Talent In an announcement on May 21, the Singapore-based cryptocurrency…

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CheapAir Adds Support For Bitcoin Cash, Dash, and Litecoin for Flights and Hotel Bookings

Category: Altcoins, Business, News

CheapAir Adds Support For Bitcoin Cash, Dash, and Litecoin for Flights and Hotel Bookings

CheapAir added support for more cryptocurrencies on May 22, as it looks to provide digital currencies enthusiasts a variety of payment option for flight and hotel bookings. The online travel agency is now accepting bitcoin cash (BCH), dash (DASH), and litecoin (LTC) payments for its offerings. CheapAir Expands Cryptocurrency Support The three additions will strengthen the travel agency’s cryptocurrency community…

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