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Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
5.5.2020
Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located...
Major Polish Insurance Company Taps Blockchain for Its Paperwork
4.5.2020
Polish insurance company Link4 teams up with blockchain startup Coinfirm to use a DLT-powered tool for document management
OmiseGO's Parent Company Changes Name to SYNQA
2.5.2020
Omise Holdings, parent company of OmiseGo, now goes by the name SYNQA
While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry
1.5.2020
The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation...
Trezor
30.4.2020
A subsidiary of Satoshi Labs, Trezor manufactures hardware wallets where users’ private keys are stored in the device. Satoshi Labs was founded by Pavol Rusnak and Marek Palatinus, and produced the first Trezor prototype in 2012. They launched Satoshi Labs in 2013 and also began fundraising. Trezor...
London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million
30.4.2020
London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented...
Digital Currency Group
29.4.2020
Founded by Barry Silbert in 2015, Digital Currency Group (DCG) is a venture capital firm that invests solely in the digital currency industry. Digital Currency Group has three subsidiaries: CoinDesk, which was purchased in January 2016, digital currency brokerage firm Genesis Trading and digital...
Grayscale Buys 50% of All Ethereum Mined in 2020
28.4.2020
Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year. It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit. Grayscale operates 10 cryptocurrency investment products focused on institutional investors. As...
TNC IT Group’s Token to Be Listed This April
27.4.2020
TNC IT Group (TNC), an international blockchain company, will have its native currency TNC Coin listed on crypto exchanges by April 30. TNC Coin is set to progress fast in the market due to its expedited listing and user base. Since TNC revealed its merger project, interested crypto investors...
Purse.io Returns: Company Reveals Crypto Marketplace ‘Is Here to Stay’
27.4.2020
On April 17, new.Bitcoin.com reported on the crypto marketplace Purse.io announcing the company would dissolve. Six days later, Purse revealed that the team is reconsidering the decision and explained that well known bitcoin advocates reached out with interest in acquisition. More than a week...
Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing
26.4.2020
Bitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S. The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per share if its IPO filing is approved. In a filing...
Coinbase Launches Price Feed to Help Secure $1 Billion DeFi Economy
25.4.2020
Cryptocurrency exchange Coinbase has released a price oracle that allows anyone to publish price data on-chain. The Coinbase Oracle, a signed price feed, grants users free access to data for BTC-USD and ETH-USD markets, the company announced Thursday. The idea is to make decentralized finance more...
One-Man Crypto Company Crushed by Netherlands’ AMLD5 Implementation
24.4.2020
Bittr is the latest Netherlands-based crypto company to close to relocate amid Holland’s implementation of AMLD5
Co-founders of ICO Startup Admit to Stealing Business From Their Own Company
24.4.2020
An ICO startup has sued its co-founders for creating a clone that illegally sold the same products
Purse Reverses Decision To Close, Roger Ver 'In Talks' With the Company
24.4.2020
Bitcoin company Purse reversed its decision and decided against closing its doors, after it was thrown a lifebelt in the form of a potential acquisition.
"Several parties - including well known bitcoin advocates, high volume users, and established cryptocurrency companies - reached out with...
Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed
22.4.2020
Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town...
How (some) good corporate engineering blogs are written
18.4.2020
Interesting research from Dan Luu:
… it’s pretty common for my personal blog to get more traffic than the entire corp eng blog for a company with a nine to ten figure valuation and it’s not uncommon for my blog to get an order of magnitude more traffic.
I think this is...
Crypto Marketplace Purse.io to Dissolve Operations After 6 Years
17.4.2020
On April 17, the crypto firm Purse.io announced the company is planning to dissolve after six years of operation. The marketplace provided incentives for people who wanted the lowest price points by leveraging cryptocurrency solutions. New signups on Purse have been disabled and the company’s...
Bitcoin.com’s Market Aggregator Now Features Into the Block Crypto Asset Statistics
17.4.2020
At Bitcoin.com we take pride in providing the best cryptocurrency resources online so people can learn about the great benefits of bitcoin. One particular service we offer is a cryptocurrency market valuation and price data aggregator called markets.Bitcoin.com. This week our team is pleased...
Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis
17.4.2020
Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors....