Squire Announces Samsung to Manufacture ASIC Chips for Canadian Bitcoin 

Squire Announces Samsung to Manufacture ASIC Chips for Canadian Bitcoin Mining Firm

On August 1, 2018, we announced that Squire had engaged an undisclosed arm’s length design fabrication firm to perform the back-end design, testing and initial mass production run of our next generation ASIC chip for mining Bitcoin Cash, Bitcoin, and other associated cryptocurrencies. We are delighted that we are now able to disclose Gaonchips as our design house and Samsung Electronics as our foundry partner, Squire said. Squire, a Canada-based crypto mining firm, which raised $19.5 million in August to develop sophisticated mining equipment, has signed a deal with South…

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google Bitcoin 

Google Will Work With Regulated Firms In Japan and US As Unbanned Crypto Ads

In March, Google executive Scott Spencer stated that cryptocurrency investments have potential to cause harm in financial markets, leading the search giant to ban crypto ads. Google, the $828 billion search engine behemoth, has unbanned crypto-related ads, allowing regulated companies to utilize its platform to advertise their products. The reverse ban of crypto-related ads by Google has demonstrated the willingness of the conglomerate to work with legitimate projects and companies in the cryptocurrency sector. In June, Cryptoworld News reported that experts in the finance sector including Manchester-based investment firm Blackmore Group CEO Philip Nunn heavily…

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bitcoin-regulation-cryptocurrency-exchange Bitcoin 

Cryptocurrency wants Regulation to Survive : Bitcoin ATM CEO

Sheffield Clark, whose company Coinsource recently installed 17 new Bitcoin ATMs in Florida, stated that cryptocurrency is not a viable or realistic payment solution at this time, citing it as a major obstacle to be overcome for all in the space. In an exclusive interview with Cryptoworld news, the CEO of the world’s largest Bitcoin ATM network took a hard stance against those who believe in a world where Bitcoin and its peers can survive unregulated. The CEO pointed out that the “primary Bitcoin ATM customer” comes from the one-third of the…

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Australian-currency Bitcoin 

In 2019 Australia’s Dollar-Backed Cryptocurrency ‘Stablecoin’ To Be Launched

The first treasury will be based in Australia to support the first partner platforms Bit Trade and Emparta Payments and deliver the first Australian Dollar backed stablecoin, wrote Emparta. Just like has already happened with the US Dollar and the Euro, among others, Australia is about to get its first Aussie-backed stablecoin. This will be made possible by a partnership between Bit Trade, one of the oldest cryptocurrency exchanges in Australia, and blockchain employment platform, Emparta. The two firms will collaborate in designing and launching the stablecoin which is expected…

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Bitcoin 

Switzerland to Collaborate Cryptocurrency & Blockchain Regulatory Experience With Israel

Switzerland has long been at the forefront of blockchain innovation, welcoming startups and researchers from far and wide with their blockchain-friendly regulation. Switzerland is home to Zug, a small Alpine town turned blockchain hub which is now often referred to as Crypto Valley in a nod to California’s Silicon Valley tech hub. ShapeShift exchange and the Ethereum Foundation are both headquartered in Zug along with many other companies.   The Swiss Minister for Finance Ueli Maurer recently visited Israel along with State Secretary for International Financial Matters Joerg Gasser. Citing their…

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Top US Bank PNC Joins Ripple Bitcoin 

Top US Bank PNC Joins Ripple’s Blockchain Network Ripplenet For Cross-Border Payment

PNC Bank, simply known as PNC, is also the fifth largest bank by the number of branches and the 4th largest with the most ATMs in the United States. The bank services over 8 million customers in 19 states in areas including retail, consumer-ended banking and corporate banking. While retail services (including consumer and small business banking) is predominantly offered to clients in the eastern states, PNC offers corporate and institutional banking across the country. As PNC Bank is the 9th largest bank in the United States by assets, has…

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Bitcoin 

Computers Infects By Vigilante Botnet To Take Out Cryptocurrency Malware

Botnets consist of dozens, hundreds, or even thousands of internet-connected devices which are then used to carry out to send spam messages en masse or to launch distributed denial-of-service (DDoS) attacks, crashing online services. Cryptoworld news has reported before on how botnets infected millions of computers last year with cryptojacking software designed to siphon CPU power for and use it to secretly mine crypto for the malware owners. Botnets have become increasingly powerful over the last few years, to the point where the US Department of Homeland Security admitted that they couldn’t face…

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Bitcoin 

Nasdaq To Acquire Cinnober, A Crypto-Friendly Swedish Exchange

Cinnober has a history for bullishness towards digital assets and making it easier for institutions to invest in them. One of those efforts is the partnership with BitGo, a behemoth for institutional-grade cryptocurrency custody security. BitGo itself has built partnerships and acquisitions over its history, which have helped it firm up its mission, including the acquisition of Kingdom Trust and a partnershipwith the South Korea exchange Korbit. Nasdaq, the world’s second-largest stock exchange, announced Friday that it is in the works to acquire Cinnober, a trading solution provider based in Sweden. Nasdaq’s latest acquisition highlights, though…

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Bitcoin Failed Due to $20 Fees Bitcoin 

Bitcoin Failed Due to $20 Fees Said By CEO Of India’s largest Startup Incubator

The fallacy of Bitcoin as a currency is its transaction fee which is typically above $20. The transaction fee is paid to ensure convenience and security in the exchange. This is not only higher than the transaction fee paid for regulated currency but is also an indication of the security risk it holds, he said. Bitcoin has integrated SegWit and Lightning while Ethereum is in the process of implementing Sharding and Plasma to potentially increase the transaction capacity of the blockchain to a million transactions. Bitcoin and blockchain-based systems, in…

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Mastercard Seeks New Blockchain Bitcoin 

Mastercard Seeks New Blockchain Patent To Facilitate B2B Transactions

A blockchain, the patent authors note, would allow data to be stored in the system in a clear format that is easily accessible and auditable by connected firms while also remaining highly-resistant to tampering. These features would be quite beneficial, particularly given that most of the participants would not themselves be financial institutions. The patent notes that the system could be built on either a public or private blockchain, but, if Mastercard actually does attempt to build it, it’s likely that it would exist on a permissioned network. That’s because,…

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