The Bitcoin mining equipment manufacturers based in China, Bitmain had to lay-off 50% of its workforce soon. In a recent tweet made by Blockstream Chief Strategy Officer and former BTCC Chief Operational Officer, Samson Mow have reported that the company have recently laid off the staff that was working on the development of Bitcoin Cash (BCH) client.
Bitmain, manufacturer of Bitcoin mining equipment, is going through one of its tough period, as the Hong Kong Exchanges and Clearing Limited (HKEX) might be skeptical to approve the initial public offering (IPO) application of the company, given their stated concerns about the lack of a proper regulatory framework that can govern the cryptocurrency and blockchain industry.
The GMT, the largest financial institution in Israel announced its collaboration with Ripple technology. GMT in a blog post explained, “After a long and precise process GMT was chosen to be Ripple’s representative in Israel, by so joining Ripple, and its partners, in creating a global financial system, with high-end technology and values such as; transparency and affordable costs.”
Intel has obtained the United States Patent and Trademark Office for its bitcoin mining system which claimed to offer a higher energy efficiency. A number of tech-cos are now in the race to develop bitcoin mining hardware to match the increasing demand in the industry and to offer the best products that could minimize power consumptions.
Razer, a USA-based gaming hardware manufacturer has re-engineered its virtual currencies and loyalty system and launched a system mining app. Razer has its reward system which consists of virtual credits Razer zGold and Razer zSilver.The newly launched desktop app called Razer SoftMiner, which utilizes idle graphics processing unit to solve blockchain-based puzzles at the back-end.
Collaboration has been established between 3 IT firms based in South Korea with an Isreali start-up with the aim of establishing a reorganize blockchain platform. The aim is to enhance the blockchain platform performance in various factors such as its speed and expandability in order to offer the best services for its user.
Aarzo Search, a blockchain-powered search engine, has been launched with the aim in empowering the business practitioners by receiving unfiltered results without bias during their internet search. The CEO of Aarzo Search explained, “With Aarzoo, the search happens in real time and as the information is not filtered, the user will get unfiltered results without any bias.”
Ivy has launched its ivyPay mobile app in Beta version to be tested in the Australian market. The company disclosed the target for the launch of ivyPay is to reduce the gap between fiat and cryptocurrency by permitting the user to convert BTC, ETCH, LTC, XRP, BCH to Australian Dollars. Ivy is to diversify its business globally in the near future.
A mobile forum tool, Tapatalk established a partnership with Kin Foundation to reward its user with cryptocurrency. The product manager of Kin, Noa Kessler explained, “We’re working closely with Tapatalk to ensure that the integration goes live early in the new year. While Tapatalk is also available for desktop users, our efforts are currently focused on the mobile application.”
An encryption technology provider, Sepior has recently announced the plan to introduce the privacy control for permission blockchains. CEO of SBI Holdings, Yoshitaka Kitao explained, “Sepior’s innovation with Threshold KMS directly addresses this industry need with a Threshold Cryptography framework that supports virtually any blockchain technology or smart contract application, which is very compelling.”