Month: February 2018

Nischal Shetty, co-founder of social media management app Crowdfire, is set to launch a new Bitcoin and cryptocurrency exchange called WazirX. According to an announcement published on the WazirX blog, the exchange will go live in March. WazirX – India’s Most Trusted Bitcoin Exchange Formerly known as JustUnfollow, Crowdfire currently serves more than 19 million users around the world. Shetty, along with fellow Crowdfire co-founders Anirudh Khusape, Sameer Mhatre and Siddharth Menon, built WazirX in response to the current exchange standards in India. The exchange platform’s founder explains: [The] more…

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Chicago Mercantile Exchange (CME) Chairman and CEO Terry Duffy explained in a recent interview how the decision to list bitcoin futures in the last quarter of 2017 wasn’t made as a result of light or transient causes. Instead, it was a deliberate effort to bring a proven technology to well-financed clients who will help it mature. Also read: Market Risk Advisory Committee: Bitcoin Futures Self-Certification Works CME’s Chairman and CEO on Bitcoin Futures Scarlet Fu put it bluntly. Did the long practice of self-certification within the commodities exchange industry force out…

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A new project named Ehab aims to empower people to create and finance affordable, sustainable housing projects through a decentralized platform. The platform will enable collaborative design efforts and allow investors from around the globe to share in the profits from these innovative developments. A Need for Change The world population continues to increase dramatically and is expected to reach 8.5 billion people by 2030, posing a growing strain on the Earth system and its resources. At the same time, there is a resource management system in place which sees…

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The future for manufacturers of bitcoin mining hardware in China appears bright despite reports that the Chinese central government will seek to rein in the power consumption of mining companies operating within its borders. Hong Kong-based media outlet, South China Morning Post, has reported that there is considerable international demand for Chinese mining hardware internationally – with Russian buyers representing a significant share of the industry’s demand. Also Read: Large European Power Company Will Not Sell Electricity to Crypto-Miners Russian Buyers Provide Demand for Chinese Mining Equipment South China Morning Post…

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Ukrainian legislators should separate the regulation of crypto mining from the legal status of cryptocurrencies. The new approach was proposed by the chairman of an important parliamentary committee who criticized law enforcement agencies for cracking down on crypto miners. Police confiscated mining equipment in a series of raids this week. Authorities claim that coins have been used to finance pro-Russian separatists. Also read: Another Post-Soviet Jurisdiction Welcomes Crypto Miners Just Calculation… Ukrainian deputy Olexandr Danchenko, head of the Committee for Informatization and Communications in the Rada, suggested that cryptocurrencies and…

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The invention of cryptocurrency is a revolution in modern finance but it has far reaching implications in many other fields as well. For example, a new initiative by UNICEF harnesses the power of mining to create a new form of philanthropy. Also Read: Senate of Nigeria Launches Probe of Bitcoin Trading in the Country Mining for Charity Syrian children playing in a refugee camp On February 2nd, The United Nations Children’s Fund (UNICEF) has launched a new fundraising program meant to help finance the needs of protecting Syrian kids. Called…

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Japan’s leading low-cost airline, Peach Aviation, has been working to implement a bitcoin payment system. Recently, there were reports that the company may be rethinking its bitcoin strategy following the recent hack of a major Japanese cryptocurrency exchange. Peach Aviation and its bitcoin exchange partner have clarified their position. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Peach’s Plan to Accept Bitcoin Peach Aviation has recently clarified its plan to accept bitcoin for airline tickets. This is in response to recent media reports that suggest that the company…

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