Green Is the Answer? Bitcoin Miner Turns Profit by Going Solar

Green Is the Answer? Bitcoin Miner Turns Profit by Going Solar

There has been a lot of talk online about the environmental and energy footprint of Bitcoin mining. Critics have thrown around numbers like the 1,100 percent growth rate of Bitcoin over the last few years and the fact that Bitcoin mining consumes the same amount of energy today as a small sized country. While there is some truth to the numbers, the problem is with the projections laid out based on these numbers. The expectation…

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Top Banking Authority: Growth of Crypto Assets Could Pose a Threat to Banks

Top Banking Authority: Growth of Crypto Assets Could Pose a Threat to Banks

The Basel Committee on Banking Supervision (BCBS), the international banking supervisory authority, has issued a warning statement on March 13th citing that the robust growth of crypto assets such as Bitcoin, Ethereum, etc. can become a potential threat to the global financial stability and banks which currently have very limited direct exposure to the cryptos. The Committee has also provided a list of minimum requirements for banks which are in the process of acquiring crypto…

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Canadian Police Seeks Public Help with Multiple Bitcoin Frauds: 4 Suspects Wanted

Canadian Police Seeks Public Help with Multiple Bitcoin Frauds: 4 Suspects Wanted

True, cyber attacks, especially through cryptocurrencies are common in just about any country; however, if there was a record keeper, this has got to be one of the worst hits so far. Canadians have had their fair share of crypto frauds – if not slightly above fair. In 2018 alone, they recorded several crypto frauds including those perpetrated through sim swapping. And just when we thought we have heard the last of such crimes, the…

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Cryptocurrency Startup Bcause to Use Nasdaq Technology for Trading Platform

Cryptocurrency Startup Bcause to Use Nasdaq Technology for Trading Platform

Bcause LLC, a company that builds the world’s first full-stack cryptocurrency ecosystem, plans to use Nasdaq’s matching engine to operate its markets. The company announced their plans in a press release on March 13. Bcause will use Nasdaq’s matching engine, clearing and market surveillance technology via the Nasdaq Financial Framework platform. The technology will go live in the next few months alongside the launch of the new Bcause spot cryptocurrency market. Paul McKeown, Senior Vice…

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SEC Chairman Jay Clayton Clarifies that “Ethereum (and Cryptos Like It) Are Not Securities”

SEC Chairman Jay Clayton Clarifies that “Ethereum (and Cryptos Like It) Are Not Securities”

Whether to classify the cryptocurrencies such as Ethereum, Bitcoin etc. as a security token or not has become the hottest topic to debate in the world of blockchain and cryptos. A recent answer letter from the U.S. Securities and Exchanges Commission (SEC) Chairman Jay Clayton to the Washington-based crypto-focused research and advocacy center Coin Center and Congressman Ted Budd, confirms his position on the classification of digital tokens. SEC Chairman Jay Clayton corroborated that the…

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Ripple Teams Up with Forte to Establish a $100 Million Blockchain Gaming Fund

Ripple Teams Up with Forte to Establish a $100 Million Blockchain Gaming Fund

Forte, widely known for its game-changing innovations, announced a few days ago that the team is working together with Ripple’s Xpring to change the game – literally. Both partners are set to give a total of $100 million to game developers who operate live gaming and are willing to bolster their growth through blockchain. It is no doubt that the game industry has metamorphosed in stages through the years and still has more stages to…

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Weekly Crypto Market Analysis March 6-13: Stellar Rises, Tron Falters

Weekly Crypto Market Analysis March 6-13: Stellar Rises, Tron Falters

The crypto markets are finally behaving in a very matured manner. After every major increase, there is a round of correction and each of these correction rounds is getting shorter and shorter. Additionally, the correction has not resulted in such a huge decrease in value of cryptocurrencies; thus, hinting an upcoming bullish trend. However, just like every other week, there are a bunch of cryptocurrencies that have gained a lot of value as well as…

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Top Analyst: Facebook’s Cryptocurrency Could Generate $19 Billion by 2021

Top Analyst: Facebook’s Cryptocurrency Could Generate $19 Billion by 2021

The blockchain and crypto space has benefited greatly from big corporations adopting the technologies, boosting confidence in the future of the technologies and encouraging other smaller companies to jump on the bandwagon as well. Samsung, HTC, IBM, Walmart, and Unilever are just some of the names working on their own implementation of blockchain technology. Facebook is another big company working on a stablecoin meant to enable the social network and WhatsApp users to be able…

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Global Real Estate Giant Emaar Group to Launch a Community Token

Global Real Estate Giant Emaar Group to Launch a Community Token

One of the world’s largest real estate development companies, Emaar Properties, is all set to launch an Ethereum-based community token by the end of this year to enhance customer loyalty and referral ecosystem of the group. Emaar Properties has a valuation of approximately US$35 billion, and is responsible for the development of the world’s tallest building Burj Khalifa and other such iconic structures. The development of the token is given in hands of the Swiss-based…

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Bridging the Gap: Paxos Set to Introduce a Gold-Backed Cryptocurrency

Bridging the Gap: Paxos Set to Introduce a Gold-Backed Cryptocurrency

Since its inception, blockchain technology has been the sole underpinning technology of cryptocurrencies of all sorts. Although the technology can be applied to other innovative use cases as well, it has garnered huge popularity from cryptocurrencies and other related virtual assets. Well, it seems cryptos would not be the only occupant of the blocks for long as a New York-based crypto firm named Paxos has decided to bridge the gap between traditional stock trading and…

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