Author: David Pan

Another Bitcoin Mining Firm Warns COVID-19 Pandemic May Harm Its Business – CoinDesk

CoinDesk

Hut 8 Mining Group, a publicly traded cryptocurrency mining firm, is concerned about coronavirus-related delays of new machine deliveries from potential suppliers such as Bitmain and MicroBT.  During an earnings call last week, CEO Andrew Kiguel said his firm was Read More

Riot Blockchain Moves Part of Bitcoin Mining Operation to Upstate New York – CoinDesk

CoinDesk

Riot Blockchain, one of the few publicly traded bitcoin mining companies in the U.S., has executed a co-location mining services contract with a crypto data center Coinmint.  Announced Tuesday, the Colorado-based firm will send a portion of its S17 bitcoin Read More

SoftBank-Backed Fintech Firm Joins Chinese Conglomerate to Build Blockchain Platform – CoinDesk

CoinDesk

The fintech arm of China’s largest insurer and a logistics conglomerate are teaming up to develop a blockchain-based information-sharing platform for one of the country’s biggest trading hubs.   OneConnect Financial Technology, which is the fintech arm of China’s largest insurance Read More

Chinese Financial Watchdog Warns of Manipulative Crypto Exchanges – CoinDesk

CoinDesk

The National Internet Finance Association of China (NIFA), a major Chinese financial watchdog, warned investors of rising risks in crypto investments. While manipulation is a longstanding concern for crypto investors, NIFA’s warning is notable for also pushing back on the Read More

INX’s $130M IPO to Launch Next Month as Exchange Seeks NY BitLicense – CoinDesk

CoinDesk

INX Ltd. has entered the home stretch for its $130 million initial public offering (IPO), potentially the largest registered securities sale by a company in the blockchain sector. The cryptocurrency and security token exchange startup is targeting an April launch Read More

How an Open Blockchain Project Scored a Rare Endorsement From China – CoinDesk

CoinDesk

Conflux, a Beijing-based startup, has achieved a rare feat: winning official Chinese government support for a public, permissionless blockchain. When President Xi Jinping urged his countrymen to “seize the opportunity” afforded by blockchain technology last year, he wasn’t encouraging them Read More

Trump’s Fed Nominee Judy Shelton Says US Should Be Proactive on Digital Dollar – CoinDesk

CoinDesk

Judy Shelton, President Trump’s nominee to the Federal Reserve Board, told lawmakers that digitizing the U.S. dollar could help maintain the currency’s ascendancy in global commerce.  At her Senate confirmation hearing Thursday, Shelton said the U.S. needs fintech innovation to Read More

JPMorgan Spinoff Kadena Launches Public Blockchain, Integrates Wallet to Cosmos Network – CoinDesk

CoinDesk

Crypto startup Kadena’s public blockchain launched Wednesday, adding interoperable smart contract support between the public chain and its private chain counterparts.  The Brooklyn-based offshoot of JPMorgan’s blockchain center announced the launch marks another step in its effort to develop scalable, Read More

Mobile Phone Retailer Joins China’s Blockchain Land Grab With US Startup Investment – CoinDesk

CoinDesk

Dixintong Technology Group, whose parent company, D.Phone, is one of the largest smartphone retailers in China, has entered the blockchain space by acquiring a minority stake in a U.S. startup called Monsoon Blockchain. The two companies confirmed to CoinDesk that Read More

Guangdong Blockchain Financing Platform Aims to Help Small Business – CoinDesk

CoinDesk

The Guangdong government launched a blockchain-based financing platform Thursday that will help small companies in the region receive loans faster from commercial banks.  The government-led project is supported by Alibaba’s fintech arm Ant Financial and OneConnect, a subsidiary of one Read More

Iran President: We Need a Muslim Cryptocurrency to Fight the US Dollar – CoinDesk

CoinDesk

Iranian President Hassan Rouhani says the Muslim world needs its own cryptocurrency to fight American economic domination in international trade and cut reliance on the dollar, AP reported.  “The Muslim world should be designing measures to save themselves from the Read More

Blockchain of Things Pays SEC $250,000 to Settle Unregistered ICO – CoinDesk

CoinDesk

Internet startup Blockchain of Things Inc. (BCOT) agreed to pay $250,000 to settle with the U.S. Securities and Exchange Commission for launching an initial coin offering without registering with the regulator.  The federal securities regulator has long held that ICOs Read More

Binance Acquires Beijing-Based Blockchain Data Startup DappReview – CoinDesk

CoinDesk

Binance has acquired DappReview, an evaluation platform that offers data-driven research and advertising services to blockchain-based decentralized applications (dapps). The acquisition of Beijing-based DappReview will help the world’s leading exchange by volume to further develop its existing dapps and create Read More