A London-listed cryptocurrency mining company, Argo Blockchain in its latest press release has announced that it has invested in 1,000 new mining rigs. Firms executive chairman explained, “Argo expects to turn EBITDA break-even in the second half of this year. We strongly believe that the cryptocurrency market has considerable long-term potential to become a major asset class and that the correct strategy is to continue to invest in mining infrastructure at current prices.”
JPMorgan Chase has discreetly replaced the blockchain technology behind its JPM Coin cryptocurrency. Harris, who previously ran JPMorgan’s fintech and InResidence incubator program explained, “If you think through JPM Coin as the ability to tokenize fiat currency, with the support and all the discipline and rigour and legal and compliance behind one of the world’s largest banks, I think you can see us using JPM Coin in certain use cases”
A partnership has been made between Litecoin and a blockchain-based hotel booking platform named Travala. In an announcement, the founder of Litecoin, Charlie Lee commented, “We are excited to work with Travala.com to make it easier for Litecoin users to Travel With Litecoin. Nothing aids mass adoption more than real-world use cases, and the opportunity to use a global currency like Litecoin to travel around the world is a powerful one.”
INLOCK (a blockchain firm) has announced that it has launched a peer-to-peer (P2P) crypto lending platform to allow retail investors to utilize their crypto holdings. Csaba Csabai, founder and CEO, said: “We have seen far too many examples of people selling Bitcoins to finance their short or mid-term investment goals only to witness the price skyrocket in the following days – especially during 2017. Of course, nobody is able to predict the future, but the next best thing is to keep your options open.”
Facebook applies a policy that required crypto and blockchain promoters to get prior consent before they could run advertisements but this change will not apply to advertisements that seek to promote a particular cryptocurrency, and ads for initial coin offerings (ICOs) remain forbidden. The purpose of such restrictions is to prevent Facebook users from falling prey to misleading advertisements.
The cryptocurrency market has been reeling from the loss of more than $1.6 billion in today’s values from cryptocurrency thefts since 2014, and the vast majority of the events are linked to insufficient wallet security. Sepior, the leader in threshold cryptography that enables trusted transactions, has announced Sepior Thresholds, the industry’s first threshold signature wallet security technology based on threshold multiparty computation (MPC).
Chinese cryptocurrency mining giant Bitmain’s hashrate has noticeably dropped in the past 30 days. Bitmain-owned hardware updated once every 30 days, the SHA256 hashing algorithm which is used in the bitcoin (BTC) mining network has dropped from 1,692.35 quadrillion hashes per second (PH/s) in March to 237.29 PH/s as of the beginning of May. Bitmain hinted that the release of its new mining hardware could hinge on the 2020, saying that next year event could reverse its fortunes.
Belfast Coin will bring all the different elements of the city closer to each other, by empowering residents, businesses, NGOs, community groups and educational institutions to work together towards the same goals. Belfast Lord Mayor Councilor Deirdre Hargey claims that being selected to be part of the city currency challenge means an important opportunity for Belfast, and he is glad that this has been made possible through our partnership with 100 Resilient Cities.
A group major cryptocurrency traders thinking about making a boycott of counterparties occupied with terrible exercises in the crypto space. A group of traders from 35 computerized resources firms including such industry players as exchanging firm DRW Holdings Inc’s. Cumberland crypto unit, Mike Novogratz’s Galaxy Digital Holdings, and tech startup Ripple offer to make a boycott or parties who reneged on trades and engaged in dubious activities.
Well known American economist and Nobel Prize winner Joseph Stiglitz has voice out his negative stance on cryptocurrencies. According to Stiglitz, crypto is not the right way to create a more efficient global economy due to a lack of transparency. He also emphasized that cryptocurrencies accompany illegal financial activities such as money laundering by moving money off from a transparent platform into a dark platform.