BitcoinNews: #1 In Blockchain News

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Australian Startup Designs Blockchain Multitask Chip to Track Animal Welfare

A former Australian Commonwealth Scientific and Industrial Research Organisation (CSIRO) scientist is heading up a new startup which has designed a blockchain backed multi-tasking microchip for tracking animal welfare.

Read the full article at https://bitcoinnews.com/australian-startup-designs-blockchain-multitask-chip-to-track-animal-welfare/

Video https://www.youtube.com/watch?v=aEa0h131OYU

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Liquid Immersion Latest Cooling Technique to Reduce Mining Energy Consumption

TMGcore has developed 2-phase liquid immersion cooling to cool cryptocurrency mining equipment, finding that it reduces the cost of cooling cryptocurrency mining equipment by 90% versus air cooling. This drastically reduces overall cryptocurrency mining energy consumption and, therefore, makes mining more profitable.

Read the full article at https://bitcoinnews.com/liquid-immersion-latest-cooling-technique-to-reduce-mining-energy-consumption/

Video https://www.youtube.com/watch?v=gwIKR-5yZOI

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Gibraltar Pro Football Team Paid in Crypto as “The Rock” Pushes Fintech Forward

Gibraltar is living up to its growing reputation as a European driving force in cryptocurrency adoption as a premier league football team shows a willingness to be paid in digital currency.
Gibraltar United’s owner Pablo Dana, who is an investor in the digital currency Quantacoin, hopes that the move will encourage foreign players who will easily be able to set up banking in Gibraltar, and suggests that it could also go some way to stamping out corruption in the game.

Read the full article at https://bitcoinnews.com/gibraltar-pro-football-team-paid-in-crypto-as-the-rock-pushes-fintech-forward/

Video https://www.youtube.com/watch?v=xRx2qricCO4

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Sun Exchange Plans to Provide Africa’s Poor with Crypto-Funded Energy

Sun Exchange, the global micro-leasing marketplace, is announcing a new partnership with Powerhive which aims to use the crypto economy to offer decentralized solar power to poorer nations.

Read the full article at https://bitcoinnews.com/sun-exchange-plans-to-provide-africas-poor-with-crypto-funded-energy/

Video https://www.youtube.com/watch?v=dkCXds9ebMI

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Geographical Minnows in the Hunt for New Crypto Business

Many small countries with flexible regulatory guidelines towards cryptocurrencies and friendly banking rules are pulling some companies away from some of the more established “havens” such as Switzerland.

Read the full article at https://bitcoinnews.com/geographical-minnows-in-the-hunt-for-new-crypto-business/

Video https://www.youtube.com/watch?v=QD0qbL_83H0

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Mount Sinai Launches Research Center to Explore Blockchain Use Cases in Medicine

Mount Sinai Hospital’s New York-based medical school has established a blockchain research center to explore its medical use case applications.
The Center for Biomedical Blockchain Research is set to be part of the hospital’s Institute for Next Generation Healthcare. The institute currently hosts 50 specialist researchers studying progressive healthcare solutions, including the application of robotics, artificial intelligence, wearable medical devices, sensors, and genomic sequencing.

Read the full article at https://bitcoinnews.com/mount-sinai-launches-research-center-to-explore-blockchain-use-cases-in-medicine/

Video https://www.youtube.com/watch?v=WJU-XARHmss

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South Korean Exchanges Could Lose SME Tax Relief

In South Korea, special taxation laws for small and medium-sized enterprises (SMEs) may no longer apply to cryptocurrency exchanges.
Previously, the Restriction of Special Taxation Act included tax reductions or exemptions for SMEs or venture businesses in the range of 50% to 100% of either income tax or corporate tax in the first five years. Afterwards, this range would be reduced to a range between 5% and 30%.

Read the full article at https://bitcoinnews.com/south-korean-exchanges-could-lose-sme-tax-relief/

Video https://www.youtube.com/watch?v=PxIP_TQ6ByQ

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Crypto Hedge Funds’ Rapid Growth Proof of Booming Crypto Industry

A study by crypto analytics firm Autonomous Next has found that the number of crypto hedge funds has been rapidly growing since 2016, showing that crypto investment is a booming industry. All together, crypto hedge funds manage USD 7.5 – 10 billion of assets. This represents the start of what could be a massive wave of institutional investment into the crypto space.

Read the full article at https://bitcoinnews.com/crypto-hedge-funds-rapid-growth-proof-of-booming-crypto-industry/

Video https://www.youtube.com/watch?v=Pzu-7_lmejM

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IBM, Barclays, Citi Create Blockchain App Store for Financial Services

American technology corporation IBM has teamed with banking giants including Barclays and Citi to create an app store style platform for financial blockchain services.

Read the full article at https://bitcoinnews.com/ibm-barclays-citi-create-blockchain-app-store-for-financial-services/

Video https://www.youtube.com/watch?v=DIIGs2715dE

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Spencer Bogart: Bitcoin Waiting for Trigger to Hit New Highs

Cryptocurrency hedge fund manager Spencer Bogart has weighed in on Bitcoin price speculation, saying he is waiting for any positive trigger to push the price of Bitcoin up.Featuring on CNBC’s Fast Money, Bogart shared that he has been encouraged by Bitcoin’s recent upward trend, believing that this will continue. He added that he thinks the pullback momentum has passed and he is now waiting for any catalyst to send it to new price highs. Bogart cited several possibilities for this including the current global currency and trade wars.

Read the full article at https://bitcoinnews.com/spencer-bogart-bitcoin-waiting-for-trigger-to-hit-new-highs/

Video https://www.youtube.com/watch?v=8kwDCLJZU74

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17 Tons Of Almonds Shipped from Australia to Germany with Blockchain

The Commonwealth Bank of Australia (CBA) has announced that it has successfully shipped 17 tons of almonds from Sunraysia to Hamburg, Germany using a newly-developed blockchain platform. This live trial has demonstrated the usefulness of blockchain technology in international supply chains by tracking the almonds every step of the way from packing in Australia to delivery in Germany.

Read the full article at https://bitcoinnews.com/17-tons-of-almonds-shipped-from-australia-to-germany-with-blockchain/

Video https://www.youtube.com/watch?v=1MARw-YQ8Ss

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Crypto Hedge Fund to Go Public on Toronto Stock Exchange

Crypto hedge fund Galaxy Digital, owned by billionaire cryptocurrency enthusiast Mike Novogratz, is going to be listed on the TSX Venture Exchange in Toronto, Canada on 1 August 2018. This will make Galaxy Digital a publicly tradeable company, and its shares will now be easy to buy and sell on any major stock trading platform. This is a major milestone for the crypto space since it provides an easy and regulated way for institutional investors to invest in cryptocurrency.

Read the full article at https://bitcoinnews.com/crypto-hedge-fund-to-go-public-on-toronto-stock-exchange/

Video https://www.youtube.com/watch?v=JumC-IVz8ys

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Do Crypto Hedge Funds Fare Better Than Bitcoin?

People that invested in Pantera Capital, one of the first crypto hedge funds, have seen a return of 10,136% since its launch in July 2013. It is an illustration of just how phenomenal growth has been in the crypto space long term. This article explores how this return percentage compares to the typical stock market, and how it compares to simply holding Bitcoin.

Read the full article at https://bitcoinnews.com/do-crypto-hedge-funds-fare-better-than-bitcoin/

Video https://www.youtube.com/watch?v=h3eNzVhb-5M

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Vietnamese Crypto Mining Farm Found Abandoned, Investors Missing $35M

The CEO of Vietnam-based cryptocurrency mining farm Sky Mining has reportedly absconded, leaving investors USD 35 million short.

Read the full article at https://bitcoinnews.com/vietnamese-crypto-mining-farm-found-abandoned-investors-missing-35m/

Video https://www.youtube.com/watch?v=avGIA3dAYB4

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Morgan Creek CEO Says Bitcoin Will Hit $25K in 2018, $500K by 2024

The CEO of Morgan Creek Capital Management and Morgan Creek Digital Assets, Mark W Yusko, has issued a long-term Bitcoin price prediction. He forecasts Bitcoin will hit USD 25,000 by the end of 2018, USD 75,000 by the end of 2020, USD 200,000 by the end of 2022, and USD 500,000 by the end of 2024.

Read the full article at https://bitcoinnews.com/morgan-creek-ceo-says-bitcoin-will-hit-25k-in-2018-500k-by-2024/

Video https://www.youtube.com/watch?v=3AIP8RGHnW8

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Bitcoin Mining Hash Rate Exceeds 50 Exahash/s for First Time

According to data from blockchain.com Bitcoin’s mining hash rate has exceeded 50 exahash/s for the first time as of 28 July 2018. The precise average hash rate for 28 July was 50.277 exahash/s, which is the new record. Considering the exponential growth of Bitcoin’s hash rate long term, this record will probably be surpassed soon.

Read the full article at https://bitcoinnews.com/bitcoin-mining-hash-rate-exceeds-50-exahash-s-for-first-time/

Video https://www.youtube.com/watch?v=DGNwOBOgrks

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Blockchain Media Civil to Boost Asian Output with 100 New Projects

Civil, the blockchain-based journalism organization, is about to spread itself further with a new USD 1 million fund targeting Asia.

Read the full article at https://bitcoinnews.com/blockchain-media-civil-to-boost-asian-output-with-100-new-projects/

Video https://www.youtube.com/watch?v=eAncdTxcHXo

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Indie Game “Abstractism” Removed for Alleged Crypto-Jacking

Valve Corporation has been forced to remove a video game from its platform as it has been associated with crypto jacking.

Read the full article at https://bitcoinnews.com/indie-game-abstractism-removed-for-alleged-crypto-jacking/

Video https://www.youtube.com/watch?v=iC1IA1nGPRo

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Dubai Forms Task Force to Implement Blockchain Legal System Platform

The Dubai International Financial Center (DIFC) courts have reported they will be collaborating with the government supported Smart Dubai initiative to form a task force with a goal to implement a blockchain platform that enhances the country’s legal system.

Read the full article at https://bitcoinnews.com/dubai-forms-task-force-to-implement-blockchain-legal-system-platform/

Video https://www.youtube.com/watch?v=r1y3kQc4ShA

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First Fully Compliant Crypto Exchange Under New European Framework to Open in Liechtenstein

Under the most recent guidelines from the European Securities and Markets Authority (ESMA), the first fully compliant cryptocurrency exchange is now open for registration in Liechtenstein.

Read the full article at https://bitcoinnews.com/first-fully-compliant-crypto-exchange-under-new-european-framework-to-open-in-liechtenstein/

Video https://www.youtube.com/watch?v=XiAoRDXmroE