Crypto Winter Freezes New York Bitcoin Mining Industry

Crypto Winter Freezes New York Bitcoin Mining Industry

TweetShareA unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it. The region made perfect sense for crypto miners during the “gold rush” days of 2017 and early 2018, and the increased…

Crypto Can Help Starving Artists Survive Music Industry Changes

Crypto Can Help Starving Artists Survive Music Industry Changes

TweetShareMusic is a vital part of our daily lives. Beats pouring out of speakers, headsets, and across crowds set the tone for much of our routine. Yet, we often demand free content from artists, never thinking of the work that went into making even the simplest song. Streaming platforms like Spotify have formed a bridge…

Bakkt Raises $182 Million, What it Means for the State of Bitcoin Industry

Bakkt Raises $182 Million, What it Means for the State of Bitcoin Industry

TweetShare Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital,…

Binance CEO ‘Very Confident’ in Cryptocurrency Industry’s Future

Binance CEO ‘Very Confident’ in Cryptocurrency Industry’s Future

TweetShare Binance CEO Changpeng Zhao (CZ) has expressed deep confidence in the prospects of cryptocurrency despite the challenging industry conditions that have defined most of 2018. Speaking during a conversation with “Bloomberg Daybreak: Middle East” hostsTracy Alloway and Yousef Gamal El-Din, he also stated that Binance intends to start off the new year “with a bang” in…

Bimain IPO Status in Doubt as Hong Kong Calls Crypto Industry ‘Immature’

Bimain IPO Status in Doubt as Hong Kong Calls Crypto Industry ‘Immature’

TweetShare Bitmain, the largest manufacturer of Bitcoin mining equipment, is experiencing something of a rough patch, as Hong Kong’s stock market overseers might be reluctant to approve the initial public offering (IPO) application of the company, given their stated concerns about the lack of a proper regulatory framework that can govern the cryptocurrency and blockchain…

Crypto-Riche Millennials Take The Yachting Industry

Crypto-Riche Millennials Take The Yachting Industry

TweetShare Got a few million lying around? The yacht industry has long been thought of as the exclusive province of the extremely wealthy, closed to even nouveau riche millennials and crypto millionaires. Yet, the yacht industry is declining. Today, the superyacht industry caters primarily to the extremely wealthy, yet with the almost exclusive growth in…

SEC Chair Jay Clayton’s Mass Crackdown On Crypto Industry Roil GOP Lawmakers

SEC Chair Jay Clayton’s Mass Crackdown On Crypto Industry Roil GOP Lawmakers

Advertisement TweetShare Jay Clayton, the chairman of the US Securities and Exchange Commission, is coming under fire from Republican lawmakers amid growing concerns over his harsh approach to regulatory enforcement — which critics claim strangles the free market and inhibits technological innovation. In 2018, the SEC launched a massive crackdown on the crypto industry, which…

Blockchain is a ‘Systemic Risk’ for Financial Industry: DTCC Exec.

Blockchain is a ‘Systemic Risk’ for Financial Industry: DTCC Exec.

Advertisement TweetShare The Depository Trust & Clearing Corporation or DTCC issues a report every year on the stability of the global financial system and has done so every year since 2013. It describes this report in these terms: “[T]he DTCC Systemic Risk Barometer Survey serves as an annual pulse check to monitor existing and emerging…

62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

Advertisement The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make “moderate to significant” blockchain investments over the next three years, according to a report by the IBM…