Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also Read: Bakkt Launches Bitcoin Options in US, Futures in Asia China Captures 65% of BTC’s Processing Power, Province of Sichuan Commands 54% With crypto market prices seemingly in a slump, one would think that BTC…

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Max Keiser: Bitcoin’s first function is to clean up the mess left by fiat

Max Keiser calls Bitcoin “resistance money” while promoting cryptocurrency’s role in Latin America during a talk in Uruguay. International journalist and media defender of Bitcoin Max Keiser gave a presentation at Labitconf in Montevideo, Uruguay, in which he explained the impact that cryptocurrencies generate in the global scenario and particularly in the Latin American region. With a talk entitled “Why Bitcoin Matters in Emerging Markets,” Keiser took the stage in his casual style, with a sports jacket and shorts, but mainly with a very critical tone towards trust money and…

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Crypto Exchange Coinbase Pro Is Adding Support For Orchid Trading

Professional trading platform Coinbase Pro is adding support for Orchid and will start accepting OXT deposits on Friday, Dec. 13. Major American cryptocurrency exchange Coinbase is adding support for Orchid (OXT) on its professional trading platform Coinbase Pro. According to a blog post published by Coinbase on Dec. 12, Coinbase Pro will start accepting OXT deposits starting Friday, Dec. 13, “for at least 12 hours prior to enabling full trading.” The company also noted: “Once sufficient supply of OXT is established on the platform, trading on the OXT/USD order book…

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Review: Scorpion Case Is a Hardware Wallet Carrier That Over-Delivers on Protection

With self-sovereignty comes great responsibility. Being your own bank can be scary. After all, there’s a reason banks became a feature of modern society: they control the custody of assets, assume the risk of these assets and insure them for their customers.  This is why most Bitcoiners hold security as the highest virtue. If you want to be your own bank, you need to make sure you’re taking every step necessary and available to secure your bitcoin from theft, seizure and damage. In this regard, no measure is too extreme.…

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Franklin Templeton Closes Funding Round For Blockchain-Based Social Impact Platform

Global blockchain-based marketplace Proof of Impact closed its first funding round led by American asset management giant Franklin Templeton. Proof of Impact, a blockchain-based, global marketplace for natural and social capital has closed a funding round led by American asset management firm Franklin Templeton Investments. On Dec. 12, Proof of Impact announced that it closed its first institutional investment round led by Franklin Templeton, a global fund manager that manages around $700 billion in assets.  The scale of Franklin Templeton’s investment remains unknown, but as part of the agreement, a…

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ECB President: ‘We Better Be Ahead of Curve’ on Stablecoins

The president of the European Central Bank (ECB), Christine Lagarde, said that the financial institution should be ahead of the curve in regards to the demand of stablecoins. The president of the European Central Bank (ECB), Christine Lagarde, said that the financial institution should be ahead of the curve regarding the demand for stablecoins. According to a tweet by the ECB on Dec. 12, Lagarde said: “My personal conviction on the issue of stable coins is that we better be ahead of the curve. There is clearly demand out there…

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IBMR and Blockchain Firm Algorand Launch Microfinance Platform

The International Blockchain Monetary Reserve and blockchain firm Algorand are jointly launching a microfinance platform and a dedicated token. The International Blockchain Monetary Reserve (IBMR) and blockchain firm Algorand are jointly launching a microfinance platform and a dedicated token to promote financial inclusion in Southeast Asia. Per a press release shared with Cointelegraph on Dec. 12, the partnership between the two entities aims to develop and launch a microfinance ecosystem based on Algorand’s blockchain technology in a bid to boost the financial inclusion of the urban working poor in the…

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Croatian Post Now Offers Crypto Exchange Service at 55 Branches

Croatian Post, the biggest provider of postal services in the Republic of Croatia, is now offering a cryptocurrency exchange service at 55 post offices throughout the country. Currently, five cryptocurrencies are supported. This follows a successful implementation and positive results of a pilot program at a few branches. The Post found interest in this service and plans to offer additional crypto services in the future. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency 55 Croatian Post Branches Can Exchange Crypto Croatian Post announced on Wednesday…

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NY Regulator Proposes New Coin Listing Requirements

The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies seeking to list new coins. This is the first time the regulator has proposed changes to its crypto regulation in five years. Among the changes, licensees will be able to self-certify the compliance of their new coins without having to obtain prior approval from the regulator. Also read: SEC Approves Bitcoin Futures Fund First Regulatory Changes in 5 Years The New York State Department of Financial Services (DFS) published “proposed guidance…

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Bitmain Expands in South America as Its Market Share Drops to 66%

Bitmain, the world’s largest crypto mining hardware firm, expands its distribution in South America by partnering with two crypto mining consulting firms. Bitmain, the world’s largest cryptocurrency mining firm, is expanding its distribution in South America by partnering with two crypto mining consulting firms. The Chinese mining mogul will extend its global exposure with Fastblock, which will be the primary distributor in Brazil, and Bit5ive, a Miami-based firm that will be distributing Antminers to over 30 countries in Latin, Central America and the Caribbean, Bitmain announced Dec. 12. Quick take…

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