New mining manufacturer Linzhi announces Ethereum ASIC Miner

Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. Ethereum ASIC miners are relatively new. The first group arrived five months ago in April by way of Bitcoin mining giant Bitmain. Known as Antminer E3s,…

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Bittrex to launch crypto exchange in Malta next month

Malta Crypto World

Bittrex has confirmed that “it will open a branch in Malta on Oct. 1, as part of its global expansion plans,” the Investor reported on Friday, September 14. Bittrex’s co-founder and CEO, Bill Shihara, said at the Upbit Developer Conference on the South Korean Jeju Island: We are now planning to launch Bittrex Malta…This will allow us to list tokens a lot faster. The conference is organized by Dunamu Inc., the operator of one of South Korea’s largest crypto exchanges, the Kakao-backed Upbit. Bittrex has a partnership agreement with Upbit…

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LG U+ to offer blockchain-based overseas payment service

LG U+

LG Uplus has joined with global partners in Japan, Taiwan and the United States to offer subscribers a blockchain-based overseas payment service. The trial service, scheduled to start early next year, is based on a cross-carrier blockchain platform called CCPS (cross-carrier payment system), enabling subscribers from one carrier to complete purchase transactions on the payment networks of another carrier. It would mark the first time a Korean mobile carrier has offered such an advanced service to subscribers. Seoul-based LG Uplus signed a memorandum of understanding (MOU) Thursday with Taiwan-based Far…

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Security system for IoT

OAS Blockchain Renaissance Project

The Dubai Silicon Oasis-based firm, Next Big Idea Technology (NBIT), a group of Harvard-graduate blockchain professionals, is all set to develop and launch the state-of-the-art security system for IoT and blockchain with plans to reach the global market through the Middle East and Africa as its starting point. Sang Soo Lee, the CEO of NBIT said, his firm, on the basis of US and Korean technology, has come up with an OAS Blockchain Renaissance Project that blockchain technology applies beyond cryptocurrency. He said, “It is unfortunate that the general population…

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IoT and Blockchain: Distinguishing the Hype from Reality

Blockchain and IoT

A portion of the cybersecurity industry seems to be stuck in a cycle. When a new technology comes along, a chorus of vendors jumps into the fray essentially proclaiming: “This technology is different than the others. If you buy it, you’ll be safe.” Some years later, the explanation for that particular technology, whether it is public key infrastructure, firewalls, intrusion prevention and detection, antivirus software or network access control, becomes something like: “Well, the last technology you adopted is helpful, but you need another layer of defense.” Bolt-On Security And…

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Dodgers to hold first-ever Digital Bobblehead Night Sept. 21

LA Dodgers Stadium

The Dodgers will hold their first ever Digital Bobblehead Night on Sept. 21 against the Padres. Fans will have the opportunity to download a Clayton Kershaw, Justin Turner or Kenley Jansen Crypto token. The promotion is the first of its kind in Major League Baseball, and believed to be the first Crypto giveaway in sports. While supplies last at guest’s point of entry, the first 40,000 ticketed fans in attendance will receive a card with a unique code and directions to a website where a digital bobblehead can be unlocked…

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How Distributed Ledger Technology Will Support the IoT

Blockchain Distributed Ledger Technology

There are many potential uses for blockchain in IoT, but for widespread adoption as part of IoT deployments, the technology needs to overcome scalability and interoperability issues. Blockchain technology (also called distributed ledger) is commonly associated with Bitcoin, Ethereum and other digital currencies. These digital currencies established the viability of distributed ledger as a means of conducting, verifying and permanently recording transactions without the need for a trusted third party. Beyond digital currencies, blockchain has many other potential applications. Many players are now starting to explore opportunities to apply blockchain…

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The crypto-powered Brave browser has 4 million monthly users

brave browser

This means that in two months it added over 1 million users. The cryptocurrency-powered Brave browser, founded by Mozilla co-founder and JavaScript creator Brendan Eich, has recently reached 4 million monthly active users, 21,000 verified channels, and 26,000 publisher accounts. The data comes from a tweet published by Brendan Eich himself, who noted the browser’s team is set to work on integrating its basic attention token (BAT) on mobile this fall, and on surpassing 5 million monthly active users by the end of the year. Next year, Eich expects Brave…

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Crypto Market Continues Recovery as Bitcoin Price Hits $6,700

crypto markets

In the past 24 hours, the Bitcoin price has increased from $6,400 to $6,700, recording a decent increase in its daily volume. The valuation of the crypto market has increased from $210 billion to $215 billion within a two-day period, fueled by the short-term surge in the price of tokens. Ethereum-based tokens like Wanchain, Aion, and ICON recorded solid gains in the range of 10 to 20 percent against both the US dollar and Bitcoin, showing some momentum against major cryptocurrencies. Ethereum, Ripple, Bitcoin Cash, and EOS, the top five…

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Chinese Aerospace develops blockchain invoice system

Fapiao invoice

China Aerospace Science and Industry Corporation has announced it is developing a blockchain invoice system. Right now, China Aerospace’s electronic invoices are end-to-end. They cover issuance, delivery, filing, inspection, and reimbursement. So far it has issued around 2.5 billion invoices, and their levels of issuance are in-line with other major Chinese corporations. The electronic invoicing system that is commonly used in China is subject to over-reporting, false-reporting, and problems with chain-of-custody. China Aerospace created a blockchain invoice system to augment its electronic invoices, so they can better track their invoices…

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Coinbase wins patent for secure bitcoin payments system

bitcoin patent

A newly published Coinbase patent seeks to protect a way of making bitcoin purchases more secure for customers. In the filing, published August 14, the U.S.-based cryptocurrency exchange outlined how it could develop a payment portal which would allow users to pay using bitcoin directly from their digital wallet. “It may be a security concern for users that the private keys of their bitcoin addresses may be stolen from their wallets,” the patent stated. “Existing systems do not provide a solution for maintaining security over private keys while still allowing…

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Crypto Market Below $200 Billion

crypto market cap

Falling prices have sent the total market capitalization of all cryptocurrencies back below $200 billion. Data from CoinMarketCap shows the total market cap slid to $189 billion on Tuesday, a move that follows successive days of market declines. The market cap first rose above $200 billion in November 2017, a development spurred at the time by the listing of bitcoin futures products. Leading the downward push is zilliqa, which has seen the value of its ZIL cryptocurrency fall by 35 percent in the past 24 hours. The decline is accompanied…

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IBM & Maersk launch blockchain shipping solution TradeLens

TradeLens

Following on from their January 2018 commitment to develop a blockchain solution for international cargo transportation, Maersk and IBM have launched TradeLens. The shipping tool has been designed to streamline global trade, secure cargo during transit and support information sharing and transparency across the supply chain. IBM and Maersk have confirmed that 94 separate organisations have either been involved or are set to participate in the TradeLens early adopter program. These parties include major port and terminal operators worldwide; global container carriers such as Pacific International Lines; customs authorities from…

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First crypto firm IPO on London Stock Exchange raises $32.5 Million

London Stock Exchange

A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE). U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial goal of £20 million through the IPO. Argo kicked off on the exchange with about 156 million shares accounting for 53.2% of its issued shared capital, according to a company document. Shares were…

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UK bicycle company allows you to generate cryptocurrency while you cycle

TOBA cycle

A bicycle manufacturer based in Twickenham, UK, has developed an electric bicycle that generates cryptocurrency while you ride it. The digital e-bike, dubbed the TOBA, is ready for release next month and 50cycles has published some promotional photographs of it ahead of the launch. The company is the first to create a concept of this nature, morphing the world of cryptocurrency into the health and fitness industry. 50cycles founder Scott Snaith says they have integrated 15 years of experience in the cycling industry into the groundbreaking new invention. He believes…

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