Day: January 12, 2019

Mongolia’s Cheap Electricity Draws Japanese Bitcoin Miners Seeking Profit

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Mining A combination of cheap electricity and cold weather has started to draw a growing number of Japanese bitcoin miners to Mongolia, a country sandwiched between China to the south and Russia to the north. Amid falling mining revenues in other regions of the world due to the current crypto bear market, companies that have set up shop in Mongolia have found they can still run profitable mining operations. Also read: China Announces New Regulations for Blockchain Companies to ‘Promote Healthy Development’  Business Environment Harsh But Mongolia Is Still Profitable Tokyo-based…

2018 Sees 550% Uptick in Exempt ICO Securities Offerings Filed With the US SEC: Report

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2018 witnessed a significant uptick in the number of initial coin offerings (ICOs) authorized by the United States Securities and Exchange Commission (SEC) to sell securities to large-scale investors, according to financial news channel MarketWatch, Jan. 11. MarketWatch reportedly compiled its data for 2018 by searching the SEC’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system for keywords such as “coin,” “ICO,” “token,” “initial coin offering” and “saft.” Their research reportedly found 287 results for evidently ICO-related fundraisings that were accepted by the agency to offer securities under what is…

Civic CEO Doubles Down On Bitcoin (BTC) Sub-$3,000 Call

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Civic Chief: Crypto Will [Eventually] Rise Again Just days ago, Ethereum World News reported that the CEO of Civic, South African entrepreneur Vinny Lingham, took to CoinTelegraph’s video arm to claim that he expects for the “crypto winter” to ravage on for a few months, noting that “there’s more pain to come.” Lingham explained that he expects for Bitcoin (BTC) to fall under $3,000, before “things get better,” citing his “gut feeling” created by many years in this budding industry. Days later, the industry insider, who has become a controversial…

Long-Dormant Bitcoin Whales Resuming Activity Could Rock Price Action, Analysts Say

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The number of active Bitcoin (BTC) wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements, Bloomberg reports Jan. 11. Bloomberg bases its report on data and analysis from crypto analytics startup Flipside Crypto, which sealed the backing of major crypto exchange Coinbase and veteran crypto venture capital firm Digital Currency Group (DCG) back in November. According to Flipside, as of Oct. 2018, a high number of long-inactive Bitcoin holders — defined as those that haven’t transferred their Bitcoin for between…

What We Know About Yellow Vests’ Bank Run and How Crypto Could Help It

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On Jan. 7, activists of the French grassroots political movement the Gilets Jaunes — Yellow Vests — announced a bank run via social media, essentially hoping to meet their goals by destabilizing the local financial system. Dubbed the “Collectors’ Referendum,” the movement’s latest demonstration calls on supporters to withdraw their savings from financial institutions on Saturday, Jan. 12. While the political action does not mention cryptocurrencies, it seems that such a run on the banks could hypothetically affect the crypto market — and vice versa. What’s a bank run? A…

US State of Wyoming Passes Two New Blockchain, Crypto-Related Bills

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The state legislature of the American state of Wyoming has reportedly passed two new house bills that aim to foster a regulatory environment conducive to cryptocurrency and blockchain innovation. The developments were reported by the president of the Wyoming Blockchain Coalition, Caitlin Long, in two tweets posted Jan. 10 and Jan. 11. To press time, only the status of one of the bills — House Bill 62 — has been updated on Wyoming’s state legislature page, showing it passed 8-1 and has since been placed on general file. The official…