Month: May 2020

Iran Moves to Restrict Crypto Exchanges Under ‘Currency Smuggling’ Laws

The Iranian government just made conduits to cryptocurrency markets riskier, and more confusing, than ever before.  According to Iranian news outlet ArzDigital, the parliament published a proposal this week to include cryptocurrency in existing “currency smuggling” and foreign currency exchange regulations. The result of this prospective regulation is Iranian entrepreneurs face a heightened risk of …

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The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining

Founded in 2013, the Beijing-based Bitmain Technology remains at the center of the crypto economy. With its flagship AntMiner bitcoin mining equipment still dominating the hardware market and its mining pools accounting for about a quarter of the bitcoin network’s computing power, it retains a uniquely powerful place in the ecosystem of by far the …

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Scams, Schemes and Crypto Privacy, Feat. Preston Byrne

CoinDesk reporter Leigh Cuen is joined by attorney Preston Byrne, a partner at the Washington, D.C., office of Anderson Kill, to talk about schemes, scams and constitutional rights. For daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS. …

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Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving

Bitcoin mining difficulty – a measure of how hard it is to compete for block rewards – has neared an all-time high in the network’s last adjustment before the halving happens in roughly seven days. The world’s largest blockchain network by market capitalization just adjusted its mining difficulty to 16.10 trillion (T) at 4:05 UTC …

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Bitcoin Fails at $9K Hurdle Again, But Data Suggests Investors Are Bullish

Bitcoin (BTC) failed to plant a flag above $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value.  Prices rose to a high of $9,112 at 05:05 UTC, extending a recovery from Monday’s low of $8,528. At press time, the cryptocurrency had dropped back to near …

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Iran Issues License for Nation’s Biggest Bitcoin Mining Operation

iMiner, a Turkey-based company, has been granted a license to mine cryptocurrencies in Iran. Local news source Tabnak news reported on April 28 that iMiner has the green light from the nation’s Ministry of Industry, Mine and Trade to operate up to 6,000 mining rigs in the city of Semnan. The mining company has so …

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IBM Teams With 3 European Power Grids to Build Green Energy Blockchain Platform

IBM has created a new blockchain consortium with three of Europe’s electricity grid operators to help smooth the transition to renewable sources of energy.  It’s an important step in the direction of decentralizing and democratizing the way power is consumed, which is essential if nations are to reach 2050 carbon-reduction goals.   The new Equigy platform …

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IBM, Mastercard Join Digital Identity Project Building ‘Ecosystems of Trust’

The highly specialized world of digital identity is opening itself to a wider audience. Announced Tuesday, the Trust over IP (ToIP) Foundation is backed by governments, nonprofits and private-sector firms. Key players include Mastercard, IBM and the Canadian Province of British Columbia.  A vast ecosystem of public bodies and private companies, large and small, are …

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