Chinese Mining Giant Bitmain’s New Firmware Update Reignites AsicBoost Controversy

Major Bitcoin mining company Bitmain releases new firmware days after compatibility warnings from competitor Slush Pool. Chinese cryptocurrency mining giant Bitmain confirmed it would roll out a firmware update for so-called ‘Overt AsicBoost’ to all its Antminer models in a blog post Monday, Oct. 22. Bitmain, which holds a monopoly on Bitcoin mining through its […]

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Use of Blockchain in Major Industries by Numbers: Retail, Manufacturing, Finance, and Others

The value of blockchain technology in leading markets has grown rapidly over the past 12 months. Many startups, major conglomerates, supply chain operators, and distributors have attempted to integrate blockchain technology over the past two years, to increase transparency and reduce the power of central entities in data processing. With billions of dollars being invested […]

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Gov’t-Owned Holding Company Subsidiary Invests in Binance’s Singapore Expansion

Binance has received an investment from Temasek subsidiary Vertex Ventures to support the exchange’s expansion into the Southeast Asian market. Vertex Ventures has announced an investment in the largest cryptocurrency exchange Binance to facilitate its expansion into Singapore, according to a press release shared with Cointelegraph Oct. 23. Vertex Ventures is a subsidiary of Singapore-based […]

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Blockchain Investor Vinny Lingham: ‘Bitcoin Threatens Gov’ts’ Ability to Make Money’

Crypto entrepreneur Vinny Lingham says global governments will push back against cryptos like Bitcoin, and many will issue their own coins. Bockhain entrepreneur and industry advisor Vinny Lingham told Cointelegraph in an interview Oct. 21 that cryptocurrency prices will surge again, but it will take some time. Speaking with CT during the Money20/20 conference Sunday, […]

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US SEC Suspends Securities Trading of Nevada-Based Firm for False Crypto Claims

The SEC has stopped securities trading of a Nevada-based firm for making false claims that its crypto trading activities were registered with the regulator. The U.S. Securities and Exchange Commission (SEC) has suspended securities trading of a Nevada-based firm for making false claims that its cryptocurrency trading activities were approved by the SEC, according to […]

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Visa Set to Launch Blockchain-Based Digital Identity System with IBM in Q1 2019

Visa is preparing its Hyperledger Fabric-based digital identity system for cross-border payments for launch in the first quarter of 2019. Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019, according to a press release published October 21. The system, dubbed Visa B2B Connect, will provide […]

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Australia: $50 Million ICO Shuts Down ‘in Accordance with’ Regulatory Requirements

An Australian company that aimed to raise $50 million to create a crypto exchange has shut down “in accordance with” local securities commission requirements. An Initial coin Offering (ICO) conducted by an Australian crypto startup Global Tech Exchange (GTE) has ceased operations, citing the Australian Securities and Investments Commission (ASIC) requirements, the company’s website reveals […]

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Russia: New Version of Crypto Bill Will Let Privately Held Firms ‘Digitize’ Shares

Russian draft bill on “digital financial assets” now includes tokenization of equity for privately held businesses. The long-awaited Russian draft bill on cryptocurrency and blockchain regulation will let privately held businesses and legal entities “digitize” their shares and store them via blockchain, local media outlet Vedomosti reported Oct. 21. As per the new edition of […]

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