How a Shrinking Bitmain Could Destabilize Crypto Market Further

How a Shrinking Bitmain Could Destabilize Crypto Market Further Bitmain Technology, the world’s largest crypto mining equipment manufacturing firm, is going to replace its chief operating officers Jihan Wu and Ketuan Zhan with a new appointee, reported the South China Morning Post. The news follows months of speculation about Bitmain losing billions in the final quarter of…

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ConsenSys Backs Icelandic Startup Co-Founded by Ex-Chair of Country’s Central Bank

ConsenSys Backs Icelandic Startup Co-Founded by Ex-Chair of Country’s Central Bank Ethereum (ETH) blockchain startup and incubator ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, according to a press release from the firm, published Jan. 11. The startup counts the former chairman of Iceland’s central bank among its four founders. The funding round was reportedly led by Icelandic venture capital fund…

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Major Indian Bank Threatens to Close Accounts of Users Transacting in Crypto: Report

Major Indian Bank Threatens to Close Accounts of Users Transacting in Crypto: Report Kotak Mahindra Bank — India’s second largest private sector bank by market cap — is allegedly requiring account holders to refrain from dealings in cryptocurrency. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 8. According to the screenshot provided in Indian…

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Wyoming Lawmakers Advance Blockchain ‘Sandbox’ Bill

Wyoming Lawmakers Advance Blockchain ‘Sandbox’ Bill The Cowboy State is continuing its efforts to welcome blockchain and crypto startups, most recently by approving a bill to let blockchain startups to operate within a regulatory “sandbox” for a legislative vote. The Wyoming House Committee on Minerals, Business and Economic Development unanimously approved its financial technology sandbox bill on Friday. The…

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Overstock’s Security Token Trading Platform to Give Investors Control Over Token-Holdings

Overstock’s Security Token Trading Platform to Give Investors Control Over Token-Holdings The security token exchange subsidiary of e-commerce retail giant Overstock, tZero, has started releasing control of its tokens, according to a letter to investors released on Jan. 11. Last August, the subsidiary had announced that its security token offering would close, having raised $134 million out of the maximum amount of…

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Vinny Lingham Forecasts Bitcoin Price for Two Months Trading Between $3,000 and $5,000

Vinny Lingham Forecasts Bitcoin Price for Two Months Trading Between $3,000 and $5,000 Vinny Lingham, CEO of blockchain identity platform Civic, has revised down his short-term Bitcoin (BTC) price prediction on Jan. 11, telling financial news network Cheddar that the cryptocurrency could fall below $3,000. In an interview, Lingham, who had previously forecast BTC/USD to trade between $3,000 and $6,000 in the coming months, said the…

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New York City Economic Corp Launches Blockchain Education Center

New York City Economic Corp Launches Blockchain Education Center New York City may begin testing blockchain technology for various use cases later this year. The New York City Economic Development Corporation’s (EDC) new Blockchain Center opened Thursday, and intends to begin testing the tech’s use cases next fall, Bloomberg reported Thursday. The center is part of a partnership…

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Central Bank Veteran’s Blockchain ‘E-Money’ Startup Raises $2 Million

Central Bank Veteran’s Blockchain ‘E-Money’ Startup Raises $2 Million Ethereum development studio ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, the firm announced Friday. The round was led by early-stage venture capital firm Crowberry Capital and included participation from private investment firm Hof Holdings, both also based in…

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Coincheck Wins Crypto Exchange License 12 Months After Major Hack

Coincheck Wins Crypto Exchange License 12 Months After Major Hack Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity. Monex Group, the Japan-based online brokerage firm that acquired Coincheck for $33.5 million following the cyberattack, announced Friday that the exchange is now registered with the Kanto Financial Bureau,…

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