Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid

With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races to mine the remaining 21 million mineable bitcoins. The company’s investment in cooling technology signals the extent cryptocurrency miners are going to chill their energy-intensive computers, The post Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid appeared first on CCN

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Binance Leads $12 Million Funding Round in Tokenization Startup Republic

A retail investment platform called Republic recently completed $12 million in financing to tokenize its platform and introduce its own security token, led by Binance Labs and NGC ECO Fund. The financing round was also supported by ZK Capital, Oyster Ventures, FBG Capital, Hazoor Capital, East Chain, Zhen Fund and others. Republic — which last year The post Binance Leads $12 Million Funding Round in Tokenization Startup Republic appeared first on CCN

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Stellar in Talks to Acquire Blockchain Startup Chain for $500 Million in XLM: Report

Stellar, the creator of the lumens (XLM) — often stylized as stellar — cryptocurrency, is said to be engaged in talks to acquire blockchain startup Chain for $500 million. Citing anonymous sources familiar with the discussions, Fortune reports that Stellar will pay $500 million worth of XLM to acquire Chain, which had previously raised more The post Stellar in Talks to Acquire Blockchain Startup Chain for $500 Million in XLM: Report appeared first on CCN

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R3 Not Going Bankrupt, in a Very Strong Financial Position: CEO David Rutter

The chief executive of R3 is striking back at a recent report that the enterprise blockchain startup is hemorrhaging cash and is well on its way to bankruptcy. Writing in an official statement on the R3 blog, David E. Rutter said that the firm — which has raised more than $120 million over multiple funding The post R3 Not Going Bankrupt, in a Very Strong Financial Position: CEO David Rutter appeared first on CCN

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German Cocktail Bar Chain Announces Blockchain Rewards Program

German cocktail bar Sausalitos which has 4 million yearly visitors, 41 restaurants, and 900 employees establishments throughout Germany is rolling out a loyalty reward program with a blockchain-based cryptocurrency. The ERC20 compliant Sausalitos Coin will be offered through the infrastructure of Sausalitos’ new partner qiibee, a plug and play solution for loyalty rewards on the The post German Cocktail Bar Chain Announces Blockchain Rewards Program appeared first on CCN

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BitLicense #6: New York Grants Cryptocurrency License to Bitcoin Wallet Xapo

Cryptocurrency wallet and vault Xapo is the latest recipient of New York’s ‘BitLicense’, arguably the strictest state law governing the crypto sector, from the state’s financial regulator. In an announcement on Thursday, the New York Department of Financial Services (NYDFS)’s superintendent Maria T. Vullo said the authority is furthering “New York’s continued commitment to creating The post BitLicense #6: New York Grants Cryptocurrency License to Bitcoin Wallet Xapo appeared first on CCN

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Cryptocurrency CFD Trading Sparks Plus500’s 280% Revenue Spike

Plus500, an online exchange specializing in contracts for difference (CFDs), had blockbuster top- and bottom-line performance in its first quarter amid heightened demand for cryptocurrency trading, though it warned that market conditions have since returned to more “normal levels.” The London-listed Plus500, whose headquarters are located in Israel, benefitted from the volatility in cryptocurrency prices, as The post Cryptocurrency CFD Trading Sparks Plus500’s 280% Revenue Spike appeared first on CCN

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