Sirin Labs Launches Blockchain-Centric ‘Finney’ Smartphone

On Nov. 29, Sirin Labs announced the commercial launch of its new blockchain smartphone known as the Finney. According to the cellphone creators, the Finney offers “secure and state of the art mobile technology” alongside an embedded cold storage cryptocurrency wallet. Also read: Bloxroute Joins the Block Size Debate With New Block Propagation Service People Can Now Preorder the Finney Smartphone Sirin Labs has launched its flagship product the Finney phone, a mobile device named after the late Bitcoin developer Hal Finney. News.Bitcoin.com originally reported on the Finney phone back in…

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New Report Finds 80% of Bitcoin Mining Running on Renewable Energy

A new report from CoinShares into Bitcoin mining suggests the practice is likely loss-making for the majority of miners at current prices. Average Miner ‘Running At A Loss’ In a ‘whitepaper’ which received high praise from cryptocurrency figures, CoinShares examined various facets of mining, which has seen increased prominence in recent weeks as Bitcoin price 00 dropped to lows of $3500. “Among our findings is an estimate that since May, the market-average, all-in marginal cost of creation, at ¢5/KWh, and 18-month depreciation schedules has increased from approximately $6,500 to approximately…

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New Bitcoin Cash Opcode Shows an Onchain Game of Chess is Possible

Since the recent Bitcoin Cash (BCH) upgrade, the protocol now has some newly added features like the re-enabled opcode OP_Checkdatasig. After the implementation, a few developers have been experimenting with the opcode and have developed concepts such as “spending constraints.” Moreover, in another instance, a programmer recently used the opcode to create an onchain chess game on the BCH blockchain. Also Read: BCH Upgrades: What’s New and What’s Next Spending Constraints Over the last week, BCH supporters have been slowly trying to move away from the recent blockchain split and concentrate on…

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Bitcoin Mining Startup Envion Ordered to Close by Swiss Court

A court in Switzerland has ordered the closure of bitcoin mining startup Envion AG over concerns of poor corporate governance. The company raised $100 million in an initial coin offering (ICO) in January, but a succession of boardroom wrangles have led to a breakdown in its corporate structure, bringing operations to a halt. Also read: Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3 Founding Partners Sue Each Other Founding partners Michael Luckow and Matthias Woestmann have repeatedly gone to court to sue each other over allegations of subterfuge, which…

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SEC Hits Floyd Mayweather and DJ Khaled With Fines for Unlawful ICO Promotion

The U.S. Securities and Exchange Commission has hit two celebrities with record fines for shilling initial coin offerings (ICOs). Boxer Floyd Mayweather Jr. and music producer DJ Khaled were taken to task for failing to disclose payments they received for touting the projects. The case marks the first time the SEC has taken against celebs for ICO promotion. Also read: Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering Centra ICO Censured Again by SEC The SEC has settled charges with Mayweather and Khaled for ICO violations pertaining to…

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Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering

Deutsche Bank’s headquarters and five other offices have been raided by 170 police officers, prosecutors, and tax inspectors over money laundering allegations. The bank’s written and electronic business documents were reportedly seized. Its employees allegedly helped clients set up offshore companies to launder money. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Deutsche Bank Raided Six Deutsche Bank offices in and around Frankfurt, including its headquarters, were raided on Thursday over money laundering allegations. The raid of Germany’s biggest bank with assets worth approximately 1.48 trillion…

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Bitcoin Price Says Goodbye To $4K Again as $3K Support Could Be Next

The Bitcoin price fellow below $4000 again November 30 as upward momentum stalled, taking the largest cryptocurrency to local lows of $3920. $4.4K Spelled Rejection For Bitcoin As of press time Friday, BTC/USD 00 was circling $3950 after climbing as high as $4390 a day earlier. The turnaround continues the trend of volatility which began two weeks ago with the advent of the Bitcoin Cash hard fork. In the intervening period, analysts and pundits have revised down their expectations for Bitcoin in the mid term. According to Bitcoinist contributor FilbFilb,…

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The Daily: Kucoin Enables Credit Card Payments, Coinbase Pro Adds Zcash

Digital asset exchange Kucoin has partnered with an Israeli startup to introduce credit card payments for cryptocurrency purchases and we’ve covered it in The Daily. Also, Coinbase has added privacy coin zcash to its professional trading platform, while Okex has delisted dozens of trading pairs with low liquidity. And in Ghana, over 100,000 investors have lost millions of dollars in a coin scam.     Also read: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market Kucoin Introduces Credit Card Payments Kucoin has teamed up with Simplex to allow its users to…

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SEC Settles Charges Against DJ Khaled and Floyd Mayweather

The US Securities and Exchange Commission (SEC) has settled charges against DJ Khaled and Floyd Mayweather Jr for unlawful ICO promotion. Both celebrities have agreed to pay the financial penalties without admitting or denying the findings. Failure to Disclose In an official release dated November 29, the SEC has announced the settlement of charges against music producer DJ Khaled and professional boxer Floyd Mayweather Jr. for failure to disclose payments they have received to promote initial coin offerings. According to the Commission, Mayweather had received $100,000 and DJ Khaled –…

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LCX Now Licensed to Provide Crypto Trading Services in Liechtenstein

Liechtenstein cryptocurrency exchange LCX has been granted a license to provide crypto trading services for utility and payment tokens. The exchange will be offering four main crypto services including a custody service and a fiat-to-crypto exchange in partnership with Binance. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations A Regulated Exchange LCX announced on Tuesday that it has been granted “a business license of the Liechtenstein Ministry of Economic Affairs to conduct its business in Liechtenstein (Gewerbebewilligung).” An LCX representative told news.Bitcoin.com: With this license, we…

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