BLOCKCHAIN

Montana Crypto Mine Back in Action Despite Owner’s Uncertain Legal Fate

[ad_1] A cryptocurrency mine in Butte Montana fired up its servers today, resuming business without its former owner, an alleged fraudster. After a legal appearance on the matter, part-owner Kevin Washington and operator Rick Tabish started up crypto mining business CryptoWatt once again, pulling the operation out of retirement, according to a Jan. 27 press release. Authorities closed down CryptoWatt after jailing its owner, Matthew Goettsche, on a separate fraud account totaling
BLOCKCHAIN

Fearing Revolt, Roger Ver’s Bitcoin.com Backs Down From Proposed BCH Mining Tax

[ad_1] According to a statement earlier today, Jan. 28, Roger Ver’s Bitcoin.com is backing down from the 12.5% mining tax on Bitcoin Cash they proposed along with other major BCH mining pools owing to the community’s overwhelming negative response to the proposal. Bitcoin.com’s positionLast week, Bitcoin Cash (BCH) personalities proposed a 12.5% tax on mining rewards that would ostensibly go to funding network development. Now Bitcoin.com has rejected the proposed mining
BLOCKCHAIN

Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee

[ad_1] A draft of India’s national strategy on blockchain and distributed ledger technology suggests a central bank digital currency (CBDC), the digital Indian rupee, and a national blockchain.The National Institute for Smart Governance (NISG), a non-profit public body incorporated by the government of India, has published a draft document on the country’s national blockchain strategy. Issued on Dec. 30, the document appears to have been published recently as major local
BLOCKCHAIN

Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt

[ad_1] Saudi Arabia’s state oil company, Saudi Aramco, has bought into the blockchain-based oil trading company Vakt, Reuters reports on Jan. 28.Saudi Aramco’s Energy Ventures branch has bought $5 million in new shares, according to Vakt’s press release. The investment will be used to develop the platform, with a focus on expansion into the Asian market.In addition to investment, the oil conglomerate’s trading subsidiary Aramco Trading is set to use
BLOCKCHAIN

Wallet Creator Offers $250K to Anyone Who Can Crack the ‘Hack-Proof’

[ad_1] Offline cold storage cryptocurrency wallet service provider GK8 is offering a bug bounty of up to $250,000 to the first person who can hack its product.GK8 — which presents its solution as a “hack-proof digital vault” that needs no direct or indirect connection to the internet —  will place 14 Bitcoin (BTC) (over $125,000 at press time) in its wallet. Anyone who succeeds in breaking into the wallet will
BLOCKCHAIN

Coinbase and Ripple Execs Unveil Master Plan to Drive US Crypto Adoption

[ad_1] Two executives at Coinbase and Ripple are leading a push for smart regulations and transparency in the crypto-sphere that would arguably drive adoption and take blockchain technology mainstream. Market integrity must improveThe Market Integrity Working Group’s co-chairs want regulators to grasp how they can advance the cryptocurrency industry. In an official company statement, Coinbase senior director and associate general counsel Rachel Nelson, in conjunction with Ripple’s head of global institutional
BLOCKCHAIN

Ditto Music to Launch App Offering Speedy Blockchain Solution

[ad_1] Ditto Music will launch Bluebox, a blockchain recording technology that could be a boon to musicians and distributors alike. What it’s all aboutThe problem, says Ditto Music CEO Lee Parsons, is that misplaced metadata can end up eating away at the bottom line. Recently Ditto made a royalty payment of 60,000 pounds sterling ($80,000) to the wrong artist. Parsons reportedly had to pay the correct artist out of his own pocket. But
BLOCKCHAIN

Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’

[ad_1] Cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies, Germany’s largest bank says.Deutsche Bank, a German multinational investment bank that previously predicted that cryptocurrencies will replace fiat by 2030, now claims that cash “will be around for a long time” as a preferred method of payment.Deutsche Bank Research issues three reports on the future of paymentsThe bank has
BLOCKCHAIN

Four Class-Action Suits Against Bitfinex Over 2017 BTC Price Now One

[ad_1] The four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications for every BTC buyer since April 2017.Per an order dated Jan. 24 and filed Jan. 27 from Judge Failla of the court of the Southern District of New York (SDNY), four complaints have been consolidated. Plaintiffs Leibowitz, Young, Faubus and Ebanks