Initial Coin Offerings (ICOs) – Weekly Overview
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$2 million raised in seed funding round for bitcoin API startup Gem
BybtxadmLos Angeles-based bitcoin startup Gem announced the completion of a $2 million seed funding round to enhance its security-platform API. The funding deal has been in works since June, and was led by First Round Capital and Tekton Ventures. The Gem project clearly has plenty of support, with additional seed round funding coming from RRE…
Rural Oregon Poised To Become Cryptocurrency Mining Hub
BybtxadmWith electricity costs averaging between 3-to-4 cents per kilowatt-hour — roughly half the average cost in the U.S. — the northern Oregon town of The Dalles is primed to become a regional hotspot for cryptocurrency mining. As reported this week by regional newspaper Willamette Week, the city’s access to inexpensive energy has already attracted one…
Report: Bitcoin ATM hints virtual currency still growing in China … quietly
BybtxadmIn a report published today on the Wall Street Journal‘s MoneyBeat blog, reporter Michael Casey claims that bitcoin adoption is still growing in China, although those involved are being less boisterous about it. The article cites the recent launch of China’s first two-way Robocoin ATM in Beijing’s art district as a prime example. Although the…
Will 2018 Be The Year Of The State-Sponsored Cryptocurrency?
BybtxadmThis time last year, the idea of any national government considering the possibility of creating its own cryptocurrency would have been laughable. Times have definitely changed. This week, both Russia and the UK made it clear that they’re at least giving the concept of a state-backed cryptocurrency serious thought.
Bitcoin developer Jeff Garzik talk about the BitSat orbiting bitcoin node
BybtxadmIn April, bitcoin developer Jeff Garzik revealed plans to launch a small, orbiting satellite acting as a blockchain node. The fittingly dubbed “BitSat” would act as a one-to-many connection, helping to protect the bitcoin network from a variety of possible peer-to-peer attacks and network outages. Thanks to advances in launch and satellite technology, each orbiting…
ISP-rerouting hackers steal $83,000 in various cryptocurrencies
BybtxadmA report published by Dell’s SecureWorks says that hackers were able to steal roughly $83,000 in bitcoin and other cryptocurrencies by exploiting a weakness in how web traffic is routed. The report claims that 19 internet service providers, including big players like Amazon and DigitalOcean, were impacted. The exploit allowed hackers to briefly gain control…