Medicine Hat, a city in Canada, reportedly has plans in place to shut off the power to the Hut 8 crypto mining should a big heat wave occur, The Next Web reported. The news comes after the province of Ontario “peaked to the highest levels seen...
The Interbank Information Network, a blockchain initiative, now has more than 75 of the world’s biggest banks as members as they aim to fend off threats from payment startups. The Financial Times, citing JPMorgan, reported Société Générale and Santander are among the more than 70...
The Australian Securities & Investments Commission (ASIC) is looking to clamp down on “misleading” initial coin offerings (ICOs), Reuters reported. And, while Reuters reported that the market for ICOs in the country isn’t all that large, the regulator is still making them a focus. In...
Augmented reality (AR)-powered beauty app Perfect365 is going to start rewarding its more than 100 million users with cryptocurrency. According to The Next Web, through a partnership with Kin (a cryptocurrency developed by messaging giant Kik), users will be rewarded with cryptocurrency whenever they complete surveys and...
Patent filings have been in blockchain-related news, and Mastercard has filed applications that target B2B transactions and data flow. Elsewhere, LG Uplus is trialing blockchain for cross-border payments done via mobile conduits.
The World Economic Forum (WEF) has found 65 different applications for blockchain technology to tackle the world’s environmental challenges, CoinDesk reported. To that end, the study looked at ways for platforms to “incubate responsible blockchain ecosystems.” Networks could help manage natural resources, make more sustainable...
This year’s “Great Crypto Crash” appears to be deepening and has hit a major milestone set by the dot-com bubble, Bloomberg reported. Digital currencies have tumbled from a January high by 80 percent, according to the MVIS CryptoCompare Digital Assets 10 Index. That level tops...
High-profile digital currency firms are reportedly banding together to create a lobbying organization called the Blockchain Association, The Washington Post reported. The group’s first focus is said to be on U.S. tax law treatment of digital currencies, along with explaining the application of know your...
After dumping 10 percent of his shares, the CEO of Overstock sent a letter to investors, assuring them that there is no reason to worry. “I’ve cashed in one-tenth of my chips (most of it, to reinvest next to you),” said Overstock Founder and CEO...
