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Bitmain’s Jihan Wu: ASICs Are Making Ethereum Mining More Decentralized

Bitmain’s Jihan Wu: ASICs Are Making Ethereum Mining More Decentralized

news Jihan Wu, co-founder of crypto mining giant Bitmain, has argued that ASIC miners make blockchain networks more decentralized – the opposite of what is often argued by members of the crypto community. Speaking at a keynote to discuss proof-of-work and decentralization during a blockchain event in Chongqing, China, on Wednesday, Wu told a mix…
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Top US Energy Provider Ameren Eyes Blockchain Promise In Clean Energy Boost

Top US Energy Provider Ameren Eyes Blockchain Promise in Clean Energy Boost

Major United States energy firm Ameren and Canadian software engineering and solutions company Opus One Solutions will explore the potential use of blockchain technology. The participants announced the news in a press release on March 28.Ameren, which currently services around 2.4 million electric and 900,000 gas consumers, will examine blockchain as one of a range…
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Coinbase Leads Wall Street To Brave New World Of Crypto Staking

Coinbase Leads Wall Street to Brave New World of Crypto Staking

news The Takeaway: Coinbase Custody is offering staking services to institutional clients, starting with Tezos. Client assets will remain inside Coinbase’s fully insured cold storage at all times, mitigating risk to investors. Since staking requires some funds to be kept online, Coinbase will put up its own coins, assuming the risk. After deducting Coinbase’s fee, clients…
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Blockchain Gaming Startup Announces Global Licensing Agreement With Formula One

Blockchain Gaming Startup Announces Global Licensing Agreement With Formula One

Blockchain startup Animoca Brands announced it had signed a global licensing agreement with Formula 1® to publish a blockchain game based on the world-renowned racing series. The news was revealed in a press release from Animoca published on March 26.Formula 1® — which reportedly draws ~1.6 billion television viewers across over 180 territories and engages…
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New USStocks Token Lets Investors Access US Stock Market With Stablecoin Dai

New USStocks Token Lets Investors Access US Stock Market With Stablecoin Dai

Decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization (DAO) MakerDAO to release a token tied to the United States stock market, UMA announced in a blog post on March 27.The ERC-20 token, dubbed USStocks, seeks to offer investors access to the U.S. stock market using cryptocurrency. Users can purchase the token using…
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Report: Prosecutors Drop Appeal Against Mt. Gox CEO’s Embezzlement Acquittal

Report: Prosecutors Drop Appeal Against Mt. Gox CEO’s Embezzlement Acquittal

Japanese prosecutors have reportedly dropped their appeal to the acquittal of former Mt. Gox CEO Mark Karpeles, The Mainichi reports on March 29.On March 15, the CEO of the now defunct Mt. Gox cryptocurrency exchange was acquitted of charges of embezzlement, but was found guilty of tampering with financial records.According to The Mainichi, prosecutors had…
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IOHK Founder Charles Hoskinson Says Crypto Industry Needs More Interoperability

IOHK Founder Charles Hoskinson Says Crypto Industry Needs More Interoperability

Charles Hoskinson, a founder of IOHK, the firm that developed cryptocurrency Cardano (ADA), said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28.Speaking about the status of the cryptocurrency industry, Hoskinson said that it needs specific standards that will facilitate the development of more…
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Canada: Ontario Town Approves Pilot Program For Paying Property Taxes With Bitcoin

Canada: Ontario Town Approves Pilot Program for Paying Property Taxes With Bitcoin

The Ontario town of Innisfil, Canada, is now running a pilot program which will enable residents to pay property taxes with cryptocurrencies. The Innisfil Council voted to approve the program on March 27.Per the CBC, Innisfil, in partnership with cryptocurrency payment processing project Coinberry Pay, will allow its residents to pay property taxes in Bitcoin…
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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

By Bitcoin Schmitcoin Copyedit by Ashley Lachance Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown…
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