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Global Digital Industry Group Launches Mining Business Bitworld

17.9.2020
The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed...

Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year

16.9.2020
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...

Swiss blockchain group formed to encourage new blockchain companies

14.9.2020
The group also wants more research and academic studies into the technology

Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders

13.9.2020
Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve...

Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage

13.9.2020
Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners...

Square Forms Group to Stop Patent Hoarding From Stifling Crypto Innovation

10.9.2020
Square said the Cryptocurrency Open Patent Alliance (COPA) will allow companies to access and share tech innovations with one another

South African Crypto Exchange Luno Expanding Globally After Acquisition by Digital Currency Group

10.9.2020
Digital Currency Group has acquired South African cryptocurrency exchange Luno, which has more than five million customers in over 40 countries. The acquisition will help Luno expand globally, including across its existing markets in Africa, Europe, and Asia. DCG Committed to Helping Luno Expand...

Ticino Blockchain Technologies Association Has Been Established

10.9.2020
Lugano, 10 September 2020 – The Ticino Blockchain Technologies Association aims to promote research and support innovative companies active in the Blockchain sector, as well as to promote academic studies of this new technology, thanks to the participation of USI (University of Southern...

Digital Currency Group acquires cryptocurrency exchange Luno

9.9.2020
After providing initial seed funding to Luno in 2014, Digital Currency Group has acquired the cryptocurrency exchange platform

Digital Currency Group Snaps Up British Crypto Exchange Luno

9.9.2020
Barry Silbert. The New York-based crypto investor the Digital Currency Group (DCG) has announced it has taken over UK-based crypto exchange Luno for an undisclosed sum. DCG made an initial investment in Luno back in 2014, but the platform has continued to grow in recent years, setting up bases...

DCG Enters Retail Crypto Market With Acquisition of Luno Wallet

9.9.2020
Blockchain-focused investment firm Digital Currency Group has acquired Luno, a retail-focused cryptocurrency exchange with over five million customers

Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its Borders

9.9.2020
The government of Argentina has reportedly refused to pay a $4 million bitcoin ransom demanded by hackers who hijacked the country’s immigration systems, temporarily crippling cross-border movements. On Aug. 27, the cybercriminals – now identified as a group calling itself Netwalker...

Digital Rights Advocacy Group Calls on Coinbase for Greater Transparency

3.9.2020
The EFF wants Coinbase to be more transparent in how it handles authorities' requests for users' private financial data

Bitcoin Will Break Out This Year, Says Devere CEO

30.8.2020
The CEO of financial advisory firm Devere Group believes that 2020 will be a breakout year for bitcoin, fueled by the U.S. presidential election and the weak dollar. Amid political uncertainty and the Fed’s new inflation policy, investors will pile into safe-haven assets not tied to...

Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry

28.8.2020
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets...

Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...

Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million

27.8.2020
The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin...