SEC’s New Fintech Hub Helps Blockchain Startups Navigate ICO Rules

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The U.S. Securities and Exchange Commission (SEC) announced today the launch of a “New Strategic Hub for Innovation and Financial Technology.” In a surprising move, the project — dubbed “FinHub” — allows blockchain innovators and initial coin offering (ICO) operators, among other fintech stakeholders, to speak with the SEC directly on rules and market integrity. As the […]

Braiins OS: An Open Source Alternative to Bitcoin Mining Firmware [UPDATED]

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Braiins wants to redefine open-source mining software. The company behind Slush Pool recently rolled out the initial release of its ASIC miner firmware: Braiins OS. The operating system is advertised as “the very first fully open-source, Linux-based system for cryptocurrency embedded devices,” an alternative to the factory-default firmware that comes with most popular mining hardware. Upon […]

Biggest Bank in Nordic Region Bans Bitcoin, Gets Caught for Money Laundering

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Nordea Bank, the largest financial group in the Nordic countries, which banned Bitcoin in January, has been caught in a major money laundering scandal for allegedly receiving dirty money from two banks in the Baltics. Yle, a state-owned publication in Finland with over 3,500 employees, reported that finance authorities in Sweden received a report with […]

Apple’s Chipmaker Braces For Dampening Crypto Mining Demand

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Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest independent semiconductor foundry, predicted that its fourth-quarter revenue would increase by only a couple percentage points, forecasting revenues of 9.35 billion to 9.45 billion. Its 2017 fourth-quarter revenue was 9.2 billion. Weakening Crypto Demand TSMC, based in Hsinchu, Taiwan, is not only the world’s largest semiconductor foundry, […]

Trump’s Tariffs are Putting the Pinch on Bitcoin Mining Giant Bitmain

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Increasing tensions in China-US trade relations may portend tougher times ahead for Chinese bitcoin mining hardware maker Bitmain, with shipments to one of its major overseas markets facing new tariffs since August 23. The South China Morning Post reports that Bitmain is seen by analysts as the cryptocurrency mining hardware firm with the most potential exposure to […]

Apple’s Chipmaker Braes For Dampening Crypto Mining Demand

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Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest independent semiconductor foundry, predicted that its fourth-quarter revenue would increase by only a couple percentage points, forecasting revenues of 9.35 billion to 9.45 billion. Its 2017 fourth-quarter revenue was 9.2 billion. Weakening Crypto Demand TSMC, based in Hsinchu, Taiwan, is not only the world’s largest semiconductor foundry, […]

Guest Spot: Insights into Ethereum Smart Contract Development

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Many of you have probably questioned the usefulness of blockchain in general and Ethereum in particular. Some of you may have gone further in your curiosity and came across numerous fancy characteristics, such as decentralization, transparency, trust without intermediaries, and hack resistance. That’s remarkable, isn’t it? It sure is, but… In its current state, blockchain […]

Gates Foundation Partners Ripple and Coil in Financial Inclusion Initiative

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The Bill & Melinda Gates Foundation is teaming up with San Francisco, California-based blockchain firm Coil with a view of enhancing financial access for the unbanked and underprivileged communities. Initially announced by the principal technologist and a deputy director at Bill & Melinda Gates Foundation, Miller Abel, the development was later confirmed by the blockchain […]