Big Chinese Bitcoin Miners Are Turning to Canada

Big Chinese Bitcoin Miners Are Turning to Canada The bitcoin mining industry in China appears to be expanding to favorable locations around the world right now. Quebec is one such location where the Chinese have taken refuge, and many more might be on the way. Cold Power Just a couple of days ago we reported…

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Swedish Bank Allegedly Forbids Employees from Owning Cryptocurrency

Swedish Bank Allegedly Forbids Employees from Owning Cryptocurrency A giant Northern European bank, Nordea, has allegedly enacted a company policy which forbids its employees from owning or trading in bitcoin or other cryptocurrencies. The bank’s current executive team have a long history of on-the-record skepticism toward bitcoin. Nordea Bank Allegedly Forbids Employees from Owning Crypto…

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Search Giant Baidu Launches Blockchain-as-a-Service Platform

Search Giant Baidu Launches Blockchain-as-a-Service Platform Chinese web search giant Baidu has launched its own blockchain-as-a-service (BaaS) platform. Based on technology developed by Baidu, the open platform sets out to provide the most “user-friendly” blockchain service. According to the firm’s dedicated website, “Baidu Trust” allows the conducting and tracing of transactions, and can be applied in various…

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Russia’s Sberbank Has Launched a Blockchain Lab

Russia’s Sberbank Has Launched a Blockchain Lab Sberbank, one of the largest banks in Russia, has announced a blockchain laboratory to develop and test blockchain-based solutions. The new lab aims to generate product prototypes, perform pilot tests and deploy blockchain-based business solutions for Sberbank Group, a press release says. According to Igor Bulantsev, Sberbank’s senior vice president,…

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Scaling NEO’s Smart Economy

Scaling NEO’s Smart Economy   One of the key differences between NEO and other Blockchains is its mission to create its revolutionary Smart Economy, but to accomplish that mission, the Neo blockchain needs scalability to meet its users’ needs. Trinity has been created to give NEO all the scalability it needs. One of the key…

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SEC Suspends Trading of UBIA Securities Until January 22

SEC Suspends Trading of UBIA Securities Until January 22 The SEC will continue to crack down on potentially fraudulent initial coin offerings for the foreseeable future. Most recently, it temporarily suspended all trading of UBI Blockchain Internet LTD securities. Known as UBIA, the Hong Kong-based venture has gotten in the crosshairs of the SEC in recent weeks.…

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Is Bitcoin’s Value Due to Social Status it Brings?

Is Bitcoin’s Value Due to Social Status it Brings? It makes perfect sense to want to own something that is has increased in value 13-fold in the last year, but is part of Bitcoin’s value due to the social status it brings? A study conducted by Bernstein Research has recently suggested just that. The analysts agree that limited…

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