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The fifth and seventh banks largest assets  in the United States U.S. Bancorp and PNC Financial Services Group were among the financial institutions that have reacted to the authorities' permission for banks to hold cryptographic keys from cryptocurrency wallets.

Representatives of the organizations were among those who responded to the proposal of the Office of the Comptroller of the Circulation (OCC) in the US Treasury Department to explain how cryptocurrencies and other fintech tools can find application in the financial sector.

Director of Digital Assets in the U.S. Bancorp Dominique Venturo noted that the OCC and other banking regulators should issue directives regarding the cryptocurrency and DLT services market ... Read more »

Category: News | Views: 222 | Added by: boss | Date: 17.08.2020 | Comments (0)

Riot Blockchain hashrate will increase by 45% after connecting 1000 new Antminer S19 Pro miners from Bitmain.

Riot Blockchain has received one of three batches of miners

Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), has received 1,000 S19 Pro miners, the first of three orders cumulatively totaling 3,040, S19 and S19 Pro Antminers from BitmainTech PTE. LTD. ("Bitmain"), at Coinmint's Massena, New York facility. Deployment of these 1,000 new S19 Pro generation miners has commenced and is expected ... Read more »

Category: News | Views: 212 | Added by: boss | Date: 17.08.2020 | Comments (0)

According to analysts, while Facebook is preparing to unveil its response to bitcoin, China is about to introduce its own digital currency that will allow the government and Central Bank to see what people are spending their money on.

Unlike the libertarian ideals of cryptocurrency, whose anonymity allows users to buy and sell without leaving a digital footprint, China's electronic cash system will be tightly regulated, experts say, and run by the people's Bank of China, the Central Bank.

This "will give the PBOC a deeper understanding of transactions across the country," analysts at Beijing-based research firm Trivium China said.

In late September, Central Bank Gover ... Read more »

Category: News | Views: 385 | Added by: boss | Date: 17.10.2019 | Comments (0)

https://www.layer1.com/

When it comes to bitcoin production, China is the leading power in the world. The people's Republic prides itself on the largest mining companies and dominates the production of chips and other equipment used for bitcoin mining. An American startup wants to change all that with a bold plan to make Texas a global bitcoin mining hub.

On Tuesday, San Francisco-based Layer1 announced It had raised $ 50 million from billionaire Peter Thiel and others to move forward with its plan, which calls for launching its own power plant and acquiring solar and wind power produced in the West Texas plains.

According to co-founder Alex Ligle, the Layer1 facility will ... Read more »

Category: News | Views: 521 | Added by: boss | Date: 17.10.2019 | Comments (0)

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