Shortly after commencing mining, the CEO of US-based mining company Layer1 has stated that texas offers bitcoin miners the “cheapest power in the world” at scale. Alex Liegl, CEO of Layer1 Technologies, a US-based Bitcoin (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas […]
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Malta is keen to preserve its reputation as a blockchain hub after clarifying that leading crypto exchange Binance is not regulated by the island country In a recent interview, a Malta parliamentarian has sought to clarify the legal status of top cryptocurrency exchange Binance within the island country. Speaking to Cointelegraph, Malta’s Junior Minister for […]
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Multi platinum-selling artist Akon will launch his Akoin cryptocurrency on the Stellar network. Multi platinum-selling recording artist Akon has chosen to build his Akoin cryptocurrency ecosystem on top of the Stellar blockchain. Akoin co-founder and president Jon Karas said they chose to launch the project on Stellar due to sharing similar values. “Akoin selected Stellar’s […]
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13,000 South Korean ATMs will soon facilitate fiat withdrawal and international remittance services using Litecoin. On Feb. 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea. The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will […]
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The Committee on Small Business will hold a hearing focused on the benefits of blockchain technology next week. Blockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact […]
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NH Bank rolls out first commercial use of a blockchain ID system developed by major South Korean firms like Samsung and LG Uplus. A major blockchain identification project backed by South Korean tech giant Samsung is being rolled out for first commercial use. South Korea’s NongHyup (NH) Bank has introduced a blockchain-based mobile ID system […]
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Hong Kong and Abu Dhabi are the latest jurisdictions to amend their crypto regulations in light of the FATF’s recommendations. On Feb. 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies. In his recent budget speech, Chan indicated that the […]
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Crypto Prime Broker Tagomi joins Libra Association Facebook-backed Libra stablecoin. Tagomi, a crypto prime broker headquartered in New York, will join the Libra Association, the governing body for the Facebook-led stablecoin. Tagomi was founded by Jennifer Campbell in 2018, a former associate at Union Square Ventures. Tagomi will become the Libra Association’s 22nd member. Members […]
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RippleNet has enhanced its network with several new partnerships in Asia aiming to improve remittances in the region. A group of South Korean money transfer and remittance companies has joined Ripple’s blockchain-based financial services network RippleNet to bolster the remittance market in the country. In a Feb. 25 announcement, Ripple revealed that South Korea-based money […]
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The Malta Financial Services Authority has industry released feedback on the definition of security tokens and the challenges such assets face in Maltese markets. The Malta Financial Services Authority (MFSA) has released feedback on the definition of security tokens and challenges such assets face in Maltese markets. In a paper published on Feb. 25, the […]
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