Chinese Bitcoin Miners Pressured: To Scale Down Due to Electricity Shortages

Bitcoin (BTC) miners in the Chinese province of Sichuan are reportedly under pressure from local authorities to reduce their operations due to a shortage of electricity. On Dec. 29, the announced that the electricity supply drops significantly in Southwest China during the dry season, which lasts from October to April. Which is why local authorities tighten the screws on mining companies to scale down their operations. Bitcoin farms tolerated during wet seasons only Bitcoin mining companies are officially banned but are allowed in the province of Sichuan during the rainy…

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COSO to Release Guidance on Blockchain: for Businesses Aiming to Deploy Tech

The Treadway Commission’s Committee of Sponsoring Organizations (COSO) plans to release blockchain guidelines to companies seeking to implement the technology. As revealed by the Wall Street Journal on Dec 27, COSO, effort to counter corporate fraud, is working on blockchain guidelines. To give businesses a better understanding of software and seeks to incorporate it into their internal processes. In the first quarter of 2020, COSO expects to release guidance. Improving supply chains The guidance specifically targets financial services and business executives who use blockchain to boost their supply chains. COSO Chairman Paul…

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Dlive To Partner With BitTorrent In Its Ecosystem.

On December 30, BitTorrent announced that DLive, the live streaming platform based on blockchain, will enter the ecosystem. Through this collaboration, DLive will provide the 100 million monthly active users of BitTorrent with peer-to-peer data distribution and live streaming features. Justin Sun, CEO of BitTorrent, assured Cointelegraph that the future will be open web channels after YouTube’s crypto-content prohibition. “It’s unfortunate to see content platforms such as YouTube taking down crypto-related content, this is the issue with centralized agencies. Decentralized content platforms such as TRON’s newest partner DLive are the…

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CTO as Crypto Stays 95% Down Says Ripple’s XRP Sell-Offs ‘Negligible’

The senior executive of the blockchain payment network Ripple has publicly defended the company against fresh criticism of its related cryptocurrency, XRP. David Schwartz, chief technology officer of Ripple, dismissed a suggestion that XRP was planned as a revenue stream for the company in an ongoing debate on Twitter. Schwartz: XRP does not make Ripple richer The argument followed further tweets from sources including ex-Bitcoin Core developer Peter Todd, who had been told by Ripple partners that they were not willing to use XRP. No one buys XRP to give…

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What is Qtum (QTUM) Cryptocurrency : The Basics For Beginner .

What is Qtum (QTUM)? Qtum, pronounced “Quantum” is an open-source, decentralized Blockchain platform and Value Transfer Protocol. It can execute smart contracts on multiple virtual machines and run environments with Proof-of-Stake consensus. Qtum is a hybrid of both Bitcoin and Ethereum, which combines Ethereum smart contracts with the stable blockchain of Bitcoin. It is build from Bitcoin’s core code, and modified to work with Ethereum Virtual Machine (EVM). All this while replacing Proof-of Work with Proof-of-Stake as consensus mechanism. QTUM is official cryptocurrency of Qtum Blockchain platform. QTUM serves its function as…

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Apple To Remove Mobile Dapp Browser From App Store.

Google previously reported dropped MetaMask from its Android app store, Ethereum-based decentralized application (DApp) client. While Apple may now force Coinbase to remove its crypto wallet application from the DApp browser feature. On December 28, a Reddit post shows that Coinbase, headquartered in the United States, advised its customers that to conform to Apple ‘s mobile App Store policy, it may be urged from its wallet application to remove the DApp browser feature. Armstrong also said consumers participating in using DApps on mobile devices from Apple may need to ask…

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Bithumb Crypto Exchange Litigates a $68.9M tax bill

Big South Korean cryptocurrency exchange Bithumb is reportedly searching for a $68.9 million (80 billion won) tax bill to pursue administrative litigation. KoreaHerald, an English-speaking local news service, announced on Dec. 29 that the local tax office handed over 80 billion won in trade taxes. The first such occurrence in South Korea The report reports that the National Tax Service pressured the exchange to pay the withholding taxes on foreign customers ‘ trading activities according to documents released by Bithumb’s largest shareholder Vidente through the financial supervisory services. Also, Vidente officially discovered the tax earlier this…

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Rwanda Blockchain School: Launch in 2020 for Devs, Professionals

In 2020, the Africa Blockchain Institute (ABI) will launch the supposedly first blockchain school in Rwanda. Offering five new courses to local developers, practitioners, and policymakers. ABI Executive Director, Kayode Babarinde, revealed in an interview on Dec. 26 that the new school has five primary pipeline courses. Which is a blockchain critical certification course, a blockchain creation course, an enterprise blockchain course, a blockchain for lawyers and an effect blockchain course. The groundwork laid in Ghana Babarinde told that the ABI laid the foundation for its work in Rwanda by…

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Ethereum Sells 90K Of Its ETH Token To Kraken.

Early in the morning today global Bitcoin and Ethereum news provider reported that the co-founder and core developer of Ethereum (ETH), Jeffrey Wilcke, sent 92,000 ETH ($ 11.5 million) to the U.S. Kraken, cryptocurrency exchange. Which was reported happened on December 25. Previously, it was reported that Ethereum co-founder Vitalik Buterin might have planned to sell the cryptocurrency worth $ 25 million. But, Jeffrey Wilcke’s tweet shows differently. Wilcke, whose GitHub showed he is Grid Games’ co-founder, said he needed the money to fund his game. In connection to the…

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China’s Shenzhen Stock Exchange: Launches Index of 50 Blockchain Firms.

Shenzhen, the Shenzhen Stock Exchange (SSE), the stock exchange of China’s technology hub, unveiled an index monitoring the success of 50 blockchain companies. The index will be based on the stocks of 50 companies listed on the SSE participating in the blockchain industry, according to an announcement on Dec 24. Based on their average daily market value over the past six months, the top 50 blockchain-related stocks are ranked. The index is updated twice a year in June and December’s second Friday. Doing due diligence Before index was established, SSE…

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