BLOCKCHAIN

Digital Asset Partners With Cloud Software Giant VMware

[ad_1] Digital Asset, the firm that created the DAML smart contract programming language, has partnered with major cloud computing company VMware, according to an announcement on April 11.According to the press release, Digital Asset will integrate its Digital Asset Modelling Language (DAML) on VMware’s blockchain platform. The development will purportedly “allow for broader reach and support as a combined offering.” Senior Director of Blockchain at VMware Michael DiPetrillo said:“DAML has
BLOCKCHAIN

Libertarian Think Tank Criticizes US SEC’s Approach to Crypto and Blockchain

[ad_1] John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, criticized the United States Securities and Exchange Commission’s (SEC) approach to regulating cryptocurrencies. Berlau delivered his comments in a report published on April 11.In a report called “Cryptocurrency and the SEC’s Limitless Power Grab: Why Speculative Consumer Goods Are Not ‘Securities,’” Berlau claimed that blockchain technology and cryptocurrencies are transformative innovations, potential of which has been stunted
Business

San Francisco-Based Thor Token Project Shuts Down

[ad_1] San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9.Thor — which was built on Neo (NEO) — has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of
BLOCKCHAIN

VC Firm Ben Franklin Technology Partners Tokenizes Philadelphia Investment Fund

[ad_1] State-backed venture capital (VC) firm Ben Franklin Technology Partners has rolled out a blockchain-based onboarding and tokenization platform. The development was revealed in a blog post on Thursday, April 11.Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development, that has reportedly invested over $200 million into more than 2,000 emerging technology projects in the Philadelphia region. Today, the organization released a blockchain
EXCHANGES

Vidi, Vici, Satoshi: The Lightning Torch Has Reached Its Final Destination

[ad_1] The Lightning Torch, a Lightning Network payment that has been forwarded to bitcoiners around the world via Twitter, has run its course and reached its end in the charitable hands of Bitcoin Venezuela. It’s grown a lot since we last covered it in February. In fact, the term “Torch” doesn’t seem to do it justice anymore. At this point, it could rightly be called a bonfire. Admittedly, it’d be
BLOCKCHAIN

US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

[ad_1] Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on reporting crypto taxes, according to an announcement on April 11.21 different representatives sent a bipartisan letter to the U.S. tax authority requesting guidance on how to report virtual currency taxes. The action took place before the filing deadline for federal income tax returns on April 15, 2019.In the letter,
BLOCKCHAIN

Horizen Labs Raises $4 Million to Build Sidechain-as-a-Service Platform

[ad_1] Horizen Labs — a tech firm that helps businesses build distributed ledger platforms — has raised $4 million in funding, according to a blog post published on April 11.Horizen Labs initially aimed to raise $2 million in seed funding, but overshot its goal and received $4 million from Digital Currency Group — an institutional trading firm focused on cryptocurrencies, seed stage fund Liberty City Ventures, and other independent investors.The
EXCHANGES

Cryptocurrency Derivatives Exchange Bybit Launches Trading Competition

[ad_1] Bitcoin Press Release: Derivatives Exchange Bybit has officially started its first Trading Competition on Twitter. The competition will run from April 8th to May 6th, 2019. April 11, 2019, Singapore – Singapore-based global derivatives exchange Bybit has launched a new Trading Competition for users to match their skills against one another in the hunt for over $6,000 in total prize money. The trading competition will see participants demonstrate their
EXCHANGES

Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

[ad_1] Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines over the Iranian border has proven to be far more difficult. Also read: Last
BLOCKCHAIN

US Startup Raises $14.1 Mln for Blockchain-Based Payments Network for Retailers

[ad_1] New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11.Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge fund Pantera Capital, which recently revealed that it was close to completing funding for