Rakuten Announces New Cryptocurrency, And Starbucks May Not Be Far Behind

Posted on February 28, 2018

Is the global cryptocurrency market ready for a token from a major e-commerce company? Speaking at the Mobile World Congress in Barcelona, Rakuten CEO Hiroshi “Mickey” Mikitani announced that his company plans to launch a new blockchain-powered payment system called Rakuten Coin. While the company isn’t well-known in the U.S., Rakuten is easily one of […]

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Circle Acquires Crypto Exchange Poloniex For $400 Million

Posted on February 27, 2018

Peer-to-peer payments startup Circle announced yesterday that it has acquired Boston-based cryptocurrency exchange Poloniex. According to multiple reports, Circle is paying around $400 million for the exchange, which has been in operation since 2014. The sale also brings Goldman Sachs one step closer to becoming a major player in the cryptocurrency world, as the financial […]

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Rural Oregon Poised To Become Cryptocurrency Mining Hub

Posted on February 22, 2018

With electricity costs averaging between 3-to-4 cents per kilowatt-hour — roughly half the average cost in the U.S. — the northern Oregon town of The Dalles is primed to become a regional hotspot for cryptocurrency mining. As reported this week by regional newspaper Willamette Week, the city’s access to inexpensive energy has already attracted one […]

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Venezuela’s Petro ICO Reportedly Raises $735 million

Posted on February 21, 2018

According to a tweet from Venezuelan President Nicolas Maduro, the country’s oil-backed Petro cryptocurrency has raised $735 million on its first day. Sales of the highly controversial token began on Tuesday with deeply discounted sales (as much as 60%) to select investors. A larger-scale public sale slated for next month. If true, the launch would […]

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California And Wyoming Consider New Blockchain And Crypto Token Laws

Posted on February 20, 2018

As blockchain technology becomes increasingly commonplace, lawmakers at the state level are increasingly examining how their governments should regulate distributed ledger and token-based business activity. Two recently proposed state laws — one in California, and the other in Wyoming — would provide much-needed legal clarity and protections for blockchain-based operations in the U.S., perhaps even […]

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Industries The Blockchain Will Disrupt

Posted on February 19, 2018

  The blockchain is an undeniably ingenious invention – the brainchild of a person known by the pseudonym, Satoshi Nakamoto, one of the most promising new technologies for the future. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently […]

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Cheap Electricity Drives “Hundreds” Of Crypto Miners To Quebec

Posted on February 16, 2018

It’s no secret that cryptocurrency mining operations live or die by the costs of electricity. Mining hardware is notoriously expensive to operate profitably, and those costs are expected to skyrocket as new mining facilities open all over the globe. With ready access to abundant — and cheap — hydroelectric power, the Canadian province of Quebec […]

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Ripple Reveals Pilot Programs With Western Union And Saudi Central Bank

Posted on February 14, 2018

For Ripple’s true believers, today is a very good day. Two major financial players — Western Union and the Saudi Arabian Monetary Authority (SAMA) — recently revealed pilot programs using the Ripple’s xCurrent settlement system. Although Ripple already has similar programs with dozens of other banks and money transfer companies, SAMA and Western Union are […]

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Iceland’s Pirate Party Proposes Cryptocurrency Mining Tax

Posted on February 12, 2018

Over the past several years, the nation of Iceland has become a hotbed of activity for cryptocurrency mining. With a naturally cold climate (averaging just under 60°F in summer) and ready access to cheap geothermal electricity, the island nation is often seen as an ideal location for large bitcoin mining facilities. As in most countries, […]

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Global Crypto News Roundup: Updates from the U.S., Hong Kong, Korea, and Japan

Posted on February 9, 2018

U.S.A.: This week, the U.S. Marshals Service confirmed the sale of more than 3,600 bitcoin — roughly $31 million at current prices — to five winning bids in a recent auction. This is the first auction of seized bitcoin since 2016, when the agency sold the remaining 2,700 bitcoins of the 144,000 BTC seized from […]

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Will OPEC Adopt Venezuela’s Petro Token?

Posted on February 7, 2018

With the launch of Venezuela’s state-sponsored Petro token less than two weeks away, it’s hardly surprising that Venezuelan President Nicolas Maduro is looking to get other major financial players to support it. According to a new report from Al Jazeera, Maduro plans to court members and non-member states of the Organization of the Petroleum Exporting […]

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Major Banks Ban Bitcoin Purchases Through Credit Cards

Posted on February 5, 2018

Late last week, Bank of America and JPMorgan Chase announced that they would no longer allow customers to purchase bitcoin (and other cryptocurrencies) through their credit cards. The banks cited the collapsing price of bitcoin, and the growing credit risk associated with such purchases, in their decision. Over the weekend, Citigroup, Capital One and Discover […]

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Update Roundup: Samsung’s Mining ASICs, KodakCoin Launch, and Venezuela’s Petro Token

Posted on February 2, 2018

Earlier this week, we reported on rumors that Samsung appeared to be entering into the cryptocurrency mining market, creating a new line of dedicated ASICs. While unnamed sources within Samsung confirmed the move to South Korean news agency The Bell, many details were still unclear.

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Blockchain is Ready for Its Next Big Test – Retail

Posted on February 1, 2018

Awareness of blockchain is at an all-time high, thanks almost exclusively to the increasing price of cryptocurrencies, which are themselves a byproduct of the young technology but also harmful to its good name. Speculative assets like bitcoin and Ethereum have stolen the thunder of the architecture supporting them, yet even so, innovators in several industries […]

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