Author: Fintech Crypto News

SBI Holdings establishes new subsidiary to manufacture cryptocurrency mining chips and systems

Japanese money related administrations organization, SBI Holdings is getting into the crypto-mining equipment diversion. The organization reported it has set up another backup that it expectations will fortify its technique identified with advanced resources and cryptographic money. The money related monster’s new matter of fact, SBI Mining Chip Co., Ltd. (SBIMC), will be in charge of the assembling of crypto-mining chips just as the improvement of mining frameworks. It will be going by Adam Traidman, a previous NASA representative and previous leader of the Chip Estimate Corporation. As per SBI Holdings, Traidman began his vocation in Silicon Valley, where...

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Crypto street artist receives huge donation in his Bitcoin wallet

A French road artist, renowned for his wall paintings containing shrouded crypto prizes, has gotten his biggest gift to date. Pascal Boyart checked the Bitcoin address related with the QR code he gave to acknowledge gifts as one of his attempts to locate that some mysterious fan had given a full Bitcoin, worth more than $4,000 at the season of composing. Elated, the craftsman took to Reddit to share his appreciation for the mysterious tipper and the more extensive crypto network. Boyart states this is the biggest single gift he has ever gotten.   Noticeable Crypto Artist Receives Bumper...

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Avnet, a Fortune 500 tech firm, now accepts crypto payments via BitPay

Avnet is all set to become one of the few Fortune 500 tech firms to start accepting cryptos. One of the largest distributors of electronic components in the world, Avnet made an official announcement on 19th March 2019, affirming that all its clients will be able to pay for its products and services in Bitcoin Cash (BCH) and Bitcoin (BTC) using BitPay. Sunny Trinh, the vice president of demand creation in the company, has affirmed during the announcement that the focus of the company is to let people buy their products, not how they do it. Because of this,...

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Donut, a crypto investment app, raises $1.8 million in seed funding

The Germany-based startup Donut raises over $1.8 million in a seed funding round led by early-stage venture capital firm Redalpine. The crypto investment app provider told on Thursday that the investment round, led by Redalpine, had other investors including technology venture funds such as AngelList’s Philipp Moehring and Andy Chung, EarlyBlock and Entrepreneur First, N26 bank board member Marcus Mosen, and others. Donut called its mission of formulating a portfolio for digital assets a highly “daunting task” and the firms is aiming to simplify the process for most retail investors. Donut’s investment application is currently in the beta phase...

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Canada proposes regulatory framework for cryptocurrency exchanges.

Canadian financial regulatory authorities are considering putting in place rules for cryptocurrency exchanges in the country. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) released a consultation paper asking for advice from the fintech community on how regulatory requirements can be developed for cryptocurrency platforms. Andrew J. Kriegler, president and CEO of the IIROC in a statement added: “The emergence of digital and crypto assets continues to be a growing area of interest. We must adapt to innovation, and provide clarity to the market about how regulatory requirements might best be tailored and...

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