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Litecoin Network Halves its Block Mining Reward

Litecoin block rewards will be halved today; meaning Litecoin miners will now receive 12.5 LTC for every block compared to the 25 LTC they received previously; the Litecoin network is designed to cut its mining rewards in half every 840,000 blocks; Monday’s halving occured on block height 1,680,000 today – Link

By |August 6th, 2019|Regulation|0 Comments

Samsung now offering 17 new crypto apps in Blockchain Keystore

Samsung is adding to its blockchain dapp store by including over a dozen new apps in its Blockchain Keystore online app market. Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications in March to a total of seventeen – Link

By |August 6th, 2019|Regulation|0 Comments

BlockFi raises $18.3M Series A led by Thiel backed Valar Ventures

BlockFi, a cryptoasset lender that has became popular with its interest bearing deposit accounts, has raised $14.5M in a Series A round led by Valar Ventures; other participants include Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek, and PJC; according to founder and CEO Zac Prince, BlockFi will […]

By |August 6th, 2019|Regulation|0 Comments

Japanese exchange Bitpoint restarts trading services after July 11 hack11 hours ago

Bitpoint, a Japanese crypto exchange, is resuming some trading services following a $28M hack in July; Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange’s cryptocurrency wallet; the hacked wallet is no longer in use and therefore not under threat – Link

By |August 6th, 2019|Regulation|0 Comments

An analysis of the crypto ATM market

📚   The market for crypto ATMs has been growing steadily, reports The Block’s John Dantoni; last month crypto ATMs experienced their largest net increase in a single month with 292 installed globally; to date there are 5,353 ATMs across 81 different countries; Dantoni breaks down the growth, current status, and trends across different assets for […]

By |August 6th, 2019|Regulation|0 Comments

Bitcoin’s computing power sets record as over 100,000 new miners go online

New data from mining services operator BTC.com, the average bitcoin mining hash rate over the last two weeks has reached 71.43 quintillion hashes per second (EH/s), up from 64.49EH/s on July 23; the threshold was breached as bitcoin adjusted its mining difficulty at block height 586,672 on Monday 2:52 UTC – that is a 6.94EH/s, or […]

By |August 5th, 2019|Regulation|0 Comments

Bitmain incurs $310M net loss in Q1 2019

Bitmain Technologies Ltd. has reportedly incurred a net loss of $310M in the first quarter of this year; Bitmain suffered losses of $345M and $280M in January and February, respectively, and made a profit of $315M in March, according to a report from Tencent’s news portal QQ – Link

By |August 5th, 2019|Regulation|0 Comments

Blockchain marks the next step in the Internet’s evolution

📚   In the first 10 years of Bitcoin, increasingly diverse use cases for blockchains are continued to be explored by freelance developers and enterprise onlookers alike. Common to most of these innovators is a mindset that regardless of which public blockchain(s) become dominant, there are many private and enterprise use cases for blockchains to be […]

By |August 5th, 2019|Regulation|0 Comments

Federal Reserve is “strongly considering” going ahead with the launch of a new payment system

The Federal Reserve is “strongly considering” going ahead with the launch of a new payment system that would go head-to-head with a similar network run by Wall Street’s biggest banks, according to reporting like Politico; Jerome Powell, Chairman of the Fed, sent a letter to lawmakers defending the idea of an upgraded network, which would […]

By |August 5th, 2019|Regulation|0 Comments

Mastercard is eyeing the crypto wallet space, according to new job ads

Mastercard is looking to fill three senior-level positions to lead efforts in cryptocurrency: The Block; focusing on payments and wallets solutions, according to the company’s job board; the open roles include two directors titled “product development & innovation – blockchain solutions architect” and “product management – cryptocurrency/wallets,” and one vice president in the product management […]

By |August 5th, 2019|Regulation|0 Comments

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