Day: September 21, 2018

Innosilicon’s Impending ASIC Miner Could Challenge Bitmain’s Dominance

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As controversies surrounding Bitmain’s looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturer’s territory. One of these competitors, Innosilicon, now claims to have a new ASIC miner for bitcoin in the works that will outperform any current hardware in speed, profitability and efficiency. Speaking to Bitcoin Magazine, an Innosilicon representative, who asked to remain anonymous, said its upcoming ASIC, the Terminator3 (T3), “has been in development since February of this year.” Founded in 2006, the technology company, which…

SEC Moves to Make Decision on VanEck-SolidX Bitcoin ETF Proposal

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The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has begun proceedings to decide whether to approve a proposed bitcoin exchange-traded fund (ETF). The SEC published an “order instituting proceedings to determine whether to approve or disapprove a proposed rule change” filed by Cboe BZX Exchange, Inc. If approved, Cboe would have the green light to list a bitcoin ETF pitched earlier this year by money management firm VanEck and crypto startup SolidX. As part of that process, the SEC wants more input from the public – to date,…

How the Recent $60m Crypto Hacking Attack Will Impact Japanese Market

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Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds were lost during the breach. Tech Bureau, the company behind Zaif, told its customers that all of the investors affected by the hacking attack will be reimbursed in cryptocurrencies. Due to the scale of the…

IBM-Linked Veridium Labs Announces $5 Million Investment Prior to ICO

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IBM-Linked Veridium Labs Announces $5 Million Investment Prior to ICO September 20, 2018 by Ian Edwards Veridium Labs, which earlier this year partnered up with IBM and Stellar to tokenize carbon credits, said on September 20th that it has received a fresh $5 million USD investment from well-known crypto investors like Brian Kelley Capital Management and BlockTower Capital. The news comes just shortly before Veridium holds its ICO on October 1st. Also see: Russia Substantially Amends Draft Law on Crypto, Clarity Lacking Subscribe to the Bitsonline YouTube channel for great videos featuring industry…