Month: September 2018

Braiins OS Publishes Open Source Firmware for Mining Rigs

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This week the software developers behind the mining operation Slush Pool have announced a new organization alongside releasing an open source operating system (OS) for cryptocurrency devices. The new offshoot company called Braiins has produced a Linux based system for bitcoin mining rigs and they plan to extend the OS to other digital currency software embedded devices. Also Read: Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go Slush Pool Developers Launch Braiins Operating System The cryptocurrency mining ecosystem relentlessly transforms every single day as the race to capture…

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Former UBS Bankers Raise Funds for Innovative Bank in Zug

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On Wednesday, Seba Crypto AG reported that it successfully raised funds to become one of the world’s first regulated banks to allow customers to easily trade dollars and euros with cryptocurrency. Seba, a Zug-headquartered company financial services company run by former UBS bankers, stated that it secured 100 million Swiss francs, or $104 million, from private and institutional investors. Black River Asset Management AG and Summer Capital are among the mix of local and international investors backing Seba. The crypto bank is dependent on receiving a banking license from the Swiss…

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The Daily: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins

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Welcome to another weekend filled with tales of cryptocurrency intrigue. From shameless Bitcoin anniversary cash-ins to exaggerated claims of crypto money laundering, the Saturday edition of The Daily covers the good, the bad, and the greedy. Also read: Popular Bitcoin Wallet Samourai Ditches All Government Currencies Shapeshift CEO Hits Back at Money Laundering Claims After a less than flattering profile of Shapeshift, and its unwitting role in allegedly facilitating money laundering appeared in the Wall Street Journal, Erik Voorhees has hit back. Describing it as a “poorly-researched piece” whose “implications are…

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‘Nothing At All’ Going on With Crypto Regulation, Says D.C. Insider

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Despite the growing importance of the cryptocurrency industry, the US government’s position on crypto regulation remains frustratingly opaque. According to a D.C. insider, a movement towards real regulation or greater regulatory guidance is still quite far away. Had drinks yesterday with a friend who’s deeply connected in DC. Me: “what do you hear about crypto on the Hill?”Him: “nothing.”Me: “nothing at all?”Him: “literally nothing. Nobody talks about it. Never comes up.” I don’t expect any big movement from Congress any time soon. — Jake Chervinsky (@jchervinsky) September 28, 2018 Regulatory…

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Exchanges Roundup: Ledgerx Readies ETH Futures, Coinbase Partners With Caspian

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In recent news pertaining to cryptocurrency exchanges, anonymous sources have stated that Ledgerx is preparing to launch ETH futures trading, Coinbase has announced a partnership with Caspian intended to target institutional investors, and the chief executive officer of Binance has shared his opinions regarding “trans-fee mining” and decentralized exchanges. Also Read: European Regulator Renews Restrictions on Crypto-Based Derivatives Ledgerx Reportedly Readying to Launch ETH Futures According to an anonymous source, cryptocurrency derivatives trading platform, Ledgerx, is readying to launch ETH futures. The source states that the company has an Ethereum options product…

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Austria Falls Deeper into Debt, Turns to Ethereum Blockchain for Help

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The government of Austria, like almost every other on the planet, is sinking deeper into debt. The country is planning to raise 1.15 billion euros in an auction next Tuesday. In an effort to reduce costs and increase efficiency, the bonds will be issued and authenticated using the Ethereum blockchain. Austrian finance minister Hartwig Löger said the following in a statement: For us, blockchain technology is an important part of economic policy. With the establishment of the Fintech Council in the Ministry of Finance, we are developing strategies so that…

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Popular Bitcoin Wallet Samourai Ditches All Government Currencies

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In what could be construed as calling the casual enthusiast’s bluff, BTC maximalists at the Samourai project announced, “All fiat currency conversions have been removed from Samourai Wallet. We understand this may inconvenience some, it may even be enough to cause us to lose some users, but we believe it is fundamental that our existing and future users understand that when they transact within the Bitcoin network, when they participate in the Bitcoin economy, they are transacting with the token native to the Bitcoin network, BTC, and nothing else.” Also…

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Mobile Payment Market May Hit $4,574 Billion by 2023

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The value of the mobile payment market was USD $601 billion in 2016, and it will reach $4,574 billion by 2023. These are the conclusions of an Allied Market Research survey. Incidentally, major companies in this market have enabled — or are planning to enable —Bitcoin payment features in their apps. Survey: The Short-Message-Service Segment Will Continue To Grow The payment for goods or services or exchange of money performed through smartphones and other mobile devices is surging exponentially. The Allied Market Research study classifies the mode of the transactions…

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Payments Platform Wirex Launches Iban for Spanish and French Users, Doubles Account Limits

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Wirex on Friday announced it had introduced International Bank Account Numbers (Iban) on its Euro accounts for customers in Spain and France. The bitcoin and cryptocurrency wallet firm also doubled account thresholds for users within the 31-member European Economic Area (EEA) to between $18,560 and $20,000, meaning customers can credit their accounts by that much. Also read: Bitcoin Group SE Reports Half Year Profit Surges 300% to $3.85 Million Spanish and French Users of Wirex Now Have Ibans, Spending Limit Doubled London-based Wirex, a crypto-based Visa card payments company, said on September…

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‘Users Will Never Be Ready’: Samourai Wallet Drops Fiat Balances For Satoshis

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Cryptocurrency wallet Samourai Wallet has released an update which removes fiat currency balances in a move it says stops users using Bitcoin with a “crutch.” Users Must Embrace ‘Native Token’ BTC In a blog post September 28, Samourai revealed its latest 0.98.87 wallet release would no longer feature any fiat references, instead giving users the options to transact in BTC or satoshis (SAT), Bitcoin’s smallest unit. Explaining the impetus behind the decision, executives said that users would “never be ready” to abandon fiat, but spurring them to do so would…

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