Although China remains, by far, the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies. According to Thomas Heller, business director of one of the world’s largest bitcoin mining operations, F2Pool, market dips have made it unprofitable for some bitcoin (BTC) miners with older machines to operate. “We lost 10 percent of our bitcoin hashrate from our clients, for some of our competitors it was closer to 30 […]
Digital asset lender Nexo has introduced a PAX Gold (PAXG) credit line for retail clients. Nexo’s management noted that it will allow all investors to use the PAXG token as a collateral option. This offering was only available for the company’s institutional clients. PAXG is an ERC-20 compliant token developed on the Ethereum (ETH) blockchain. PAXG tokens are reportedly backed by one troy ounce of a 400 troy ounces London Good Delivery gold bar, […]
Press Release: Friday, 20 March 2020, 11:00 CAT | Source: BitBucks The BitBucks app continues to evolve to provide the ideal solution for retail payments with Bitcoin. With the latest update, the payment app now allows all users a transaction export via e-mail. But how exactly does the data transfer work and why is it especially important for merchants? BitBucks enables instant payments with Bitcoin – simply and instantly from anywhere in the world. […]
Hyperledger has announced a tranche of new members at its global forum in San Francisco – with retail giant Walmart leading the way. In total, seven companies have joined up to the Linux Foundation-backed blockchain technology initiative across various roles. Some, such as Tangem , a Swiss-based manufacturer of blockchain-based smart card wallets, and Clear, a provider of blockchain-based settlement and clearing networks, will be familiar to industry watchers. Others, such as Conduent, a […]
After the sports industry, now its time for blockchain in fashion. The famous Sarah Regensburger fashion line has chosen Vechain to improve its supply chain processes. The collaboration uses blockchain-based supply chain solutions to boost traceability and efficiency of product delivery.
The fashion industry, just like many others, has chosen to join the blockchain revolution in a bid to introduce more transparency in their processes. The latest name to join is Sarah Regensburger that has joined hands with Vechain to streamline their distribution operations and design processes. Vechain is based in Singapore and offers various ‘distributed ledger technology’ (DLT) solutions to its clients.
According to the announcement, the owner of Sarah Regensburger deploys Vechain after it was mighty impressed with the potential offered by blockchain. Consequently, they decided to implement Vechain’s solutions in their distribution operations to boost transparency in the handmade garments division and ensure that the customers are aware of their cloth designing and supply-chain process.
The blockchain in fashion collaboration will help companies interact more openly with their retail customers and also the supply chain partners and other participants crucial to the final product delivery.
Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported.
Mayor Romy Biner-Hauser confirmed that her residents can now pay for an array of traditional government services using bitcoin. Broker Bitcoin Suisse will accept the payments through a tablet computer that converts the popular digital currency into francs, then transfers the funds to the municipal government.
Biner-Hauser explained that Zermatt’s plan to accept bitcoin grew from evaluating another Swiss municipality, the canton of Zug, also known as “crypto valley,” which began accepting bitcoin in 2016. She is eager to see how many bitcoin transactions actually occur.
“Everyone is talking about cryptocurrencies and blockchain, and if you don’t try it out, you don’t get smarter,” Biner-Hauser said.
One percent of all bitcoin transactions are criminal in nature, nearly doubling since 2018. Chainalysis’ new Crypto Crime Report details how criminal activity absorbs price fluctuations. Ransomware, tax evasion and money laundering data, however, are more than likely underestimated because of the difficulty in tracking the relevant data.
Donna Redel is the former Chairman of COMEX, a Board Member of New York Angels and an Adjunct Professor of Law at Fordham Law School. Olta Andoni is an Adjunct Professor at Chicago-Kent College of Law. Peirce’s CoinDesk op-ed is here . Further reactions were published here and here . In February, Commissioner Hester Peirce proposed a new safe harbor which, if passed into a formal rule, would radically change the legal terrain for […]
SEC Commissioner Hester Peirce has outlined details of a proposal that would provide crypto projects with a three-year safe harbor within which they could mature their token in order to successfully pass the SEC’s securities evaluation processes. https://t.co/FnquhaVp81
Credit: Shutterstock Coinbase’s merchant payments arm has added support for the dai stablecoin, bringing together online retail and decentralized finance (DeFi). MakerDAO announced Thursday Coinbase Commerce had integrated dai as a payment method, opening the cryptocurrency up to affiliated online merchants and online commerce platforms like Shopify and WooCommerce. The integration will introduce “merchants to a growing segment of the cryptocurrency market, allowing them to bridge the gap between DeFi dapp entrepreneurs and their […]
SEC Commissioner Hester Peirce has proposed a three year “safe harbor” for digital token projects that would let them develop networks and build communities before they’re considered securities that need to be enforced, according to a report Thursday (Feb.6) by Coindesk . The proposed rule would let a token reach a level of decentralization to allow it to pass regulations for the SEC. “The analysis of whether a token is offered or sold as […]
This proposal from Hester Pierce is bonkers. On the one hand devs are supposed to turn securities into non-securities in three years; on the other they’re expected to actively solicit third party exchanges to facilitate secondary trading and liquidity, as with… securities? https://t.co/LjqRCWxXBH
Kadena , a crypto startup that’s an offshoot of JPMorgan’s blockchain center, has launched a public blockchain that can interact through public and private sections, according to a report Wednesday (Jan. 15) by Coindesk . Kadena will also integrate its Chainweaver wallet into the Cosmos Network, which is what would allow the two blockchains to communicate with each other. The whole process will be done by March. When customers use Kadena, they’ll be able […]