4 New High-Powered Bitcoin Miners Revealed

[ad_1] Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan Introduce Bitcoin Miners That Process 70 Terahash per Second The 2019 World Digital Mining Summit (WDMS) has

Coinbase Gets E-Money License In Ireland, Expanding European Foothold

[ad_1] Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland.“One of just a few companies”On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received an e-money license in Ireland.Coinbase opened its first office in Dublin, Ireland, in October 2018 to

Bitcoin Price Rejected at Key Level Near $9,000

[ad_1] Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside.Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark. Daily crypto market data. Source: Coin360Bitcoin rejected at key levelSince its $1,700 drop on Sept. 24, Bitcoin largely has struggled to

Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

[ad_1] The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume.CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People's Republic of China, announced the release of “BCTrade 2.0,” a blockchain trade finance platform that digitizes trade and financial services between

Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo

[ad_1] Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank and Vesuvius GmbH, are piloting Russia-Germany cross-border payments on R3’s Marco Polo network.Powered by R3’s Marco Polo Blockchain Global Trade NetworkOn Oct. 11, Alfa-Bank announced that it is launching a foreign trade finance pilot transaction, with the cooperation of NLMK, Commerzbank and Vesuvius GmbH using R3’s Corda-powered Marco Polo Network. In the announcement, Alfa-Bank described itself as Russia’s largest

Bank of Ireland Execs Back Out of Testifying in OneCoin Scam Hearings

[ad_1] Bank of Ireland (BOI) executives have backed out of the testimony before the United States Government in the criminal proceedings regarding a $400 million worth money laundering scheme through cryptocurrency scam OneCoin.No testimony on voluntary basisAs fintech-focused news outlet FinanceFeed reported on Oct. 11, the U.S. Government filed a Letter with the Court on Oct. 10, in which it clarified that over the past week it had tried to

4 Reasons Why Bitcoin Improves Investment Portfolio Upside

[ad_1] Major United States investment management firm VanEck has listed four reasons why Bitcoin (BTC) improves an investment portfolio upside.On Oct. 8, VanEck released research titled “The Investment Case for Bitcoin,” aiming to determine what role the cryptocurrency can play in an investment portfolio. According to VanEck, a firm that attempted to list a Bitcoin-based exchange-traded fund (ETF) with U.S. regulators in 2018, Bitcoin’s combination of “durability, scarcity, privacy, and

Swedish Government Auctions Cryptocurrency Again

[ad_1] The Swedish Enforcement Authority, Kronofogden, is once again auctioning off cryptocurrency that has been allotted for public sale. The online auction, which is the second of this kind the government agency conducts, starts on Friday, October 11. Also read: Sean Walsh: Cryptocurrencies Can Harness More Human Energy BTC Worth $37,000 Offered to the Public The office of Sweden’s bailiff, the government debt collecting organization, offers potential buyers to acquire

Visa, EBay, Stripe and Mastercard Abandon Facebook’s Libra Project

[ad_1] Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project.Four companies abandon shipOn Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of Facebook’s Libra cryptocurrency project. Within minutes, Visa said it had also decided not to join the Libra Association, according to The Block.The news comes one week after payment processor

Ethereum Is No Longer a Monopoly Platform for Stablecoins

[ad_1] Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in 2016, and another 10 were added in 2017. Nowadays, there are 66 stablecoins, and over 134 others still in development.