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The Bank of International Settlements is bearish on Bitcoin’s proof-of-work system, while the CBOE has withdrawn their BTC ETF rule change application Go to Source Powered by WPeMatico
Multi-year jail for some of the seven suspects who stole Bitcoin miners in Iceland Go to Source Powered by WPeMatico
Last year, Sindri Stefansson was arrested for his part in what has been described as the biggest heist Iceland has seen – over $2 million worth of Bitcoin mining equipment stolen in an operation that left police baffled. He has now been jailed for four and a half years along with his team of thieves. … Read more
Iceland’s blockchain-based identity platform Authenteq has raised $5 million in a funding round led by Draper Associates and Capital300 Go to Source Powered by WPeMatico
ConsenSys has taken part in a funding round for an Icelandic blockchain startup co-founded by the former chairman of the country’s central bank Go to Source Powered by WPeMatico
In today’s edition of The Daily, we feature a number of recent developments from influential cryptocurrency exchanges including Bitfinex, Coinbase and Zebpay. We also cover the latest investment in the field by Paypal co-founder, Peter Thiel. Also Read: Poll Shows 13% of Russians Use Cryptocurrency for Online Purchases Bitfinex Launches Tether Margin Trading Bitfinex, the … Read more
Bitcoin’s energy-intensive mining process has been one of its greatest challenges and while various solutions have been proposed, none has quite solved the challenge. However, a group of farmers in a small village in Iceland have found an innovative way to earn cryptos while warming up their houses. The farmers lend out their excess geothermal … Read more
Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of … Read more
Iceland is expected to shift from crypto mining to “pure blockchain business,” claims chairman of a local data center provider Go to Source Powered by WPeMatico
Police in Iceland charged seven individuals for conspiracy, burglary, and theft for stealing from the region’s mining facilities. Iceland prosecutors are charging the suspects with over $871,000 in stolen goods, but the group of individuals are also being sued for $1.7 million in damages from three separate mining firms. Also read: James Bond-Like Villain in $2 … Read more
