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Tag Archives: Largest

Asia’s Largest Stock Exchange is Honestly ‘Troubled’ by a Cryptocurrency Firm

The planned acquisition of a Tokyo Stock Exchange-listed company by a Hong Kong-based cryptocurrency firm is reportedly raising concerns within the bourse. The Tokyo Stock Exchange (TSE) is receptive, even welcoming, to foreign firms entering the Japanese market – unless they’re a cryptocurrency firm. According to the Nikkei on Sunday, the exchange operator is evidently sweating over the prospective takeover ...

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Bitmain Hits $15 Billion Valuation With Recent Backing From Uber’s Largest Shareholder

Bitcoin (BTC) mining behemoth Bitmain is now valued at $15 billion after closing a pre-Initial Public Offering (IPO) funding round with backing from high-profile investors, QQ News reported August 4. The fresh financing deal, which is said to have closed on Saturday, notably includes investments from Chinese tech conglomerate Tencent and Japan’s Softbank, another tech giant whose 15 percent stake ...

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South Korea’s Largest Bitcoin Exchange Passes Government Audit With Flying Colors

South Korea’s cryptocurrency situation is slowly becoming a lot more clear. Despite initial concerns regarding the Upbit exchange’s investigation, the company successfully passed an audit by local financial authorities. There is no proof of any wrongdoings, and Upbit was not involved in any trading manipulation. Upbit Receives the Green Light It is good to hear Upbit has done nothing wrong. ...

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Germany’s 2nd Largest Stock Exchange to Launch ICO Platform, Multilateral Crypto Trading

Germany’s second largest stock exchange, the Stuttgart Börse, has revealed plans to develop a new platform for Initial Coin Offerings (ICO) as well as a multilateral crypto trading venue, Finextra reported August 2. The German bourse, which had a trading volume of EUR 81 billion (about $95 billion) across all asset classes in 2017, had already this May unveiled a ...

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World’s Second Largest Bitcoin Miner Canaan Creative Releases BTC-Mining Television Set

Canaan Creative, the world’s second largest Bitcoin (BTC) mining hardware manufacturer, has launched what it claims is the “first ever” BTC mining television set, the South China Morning Post (SCMP) reported August 2. Dubbed “AvalonMiner Inside,” the appliance has a processing power of 2.8 trillion hashes per second, and is reportedly powered by artificial intelligence (AI) as well as being ...

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Thailand’s Largest Movie Theater Chain Will Accept Cryptocurrency

Major Cineplex, Thailand’s largest movie theater operator, is integrating cryptocurrency payments to allow movie-goers to buy everything from tickets to popcorn with bitcoin and other digital currencies. The endeavor follows a partnership with Swiss fintech developer RapidzPay wherein the multiplex operator will deploy a digital payment ecosystem built by the latter firm to ingrate cryptocurrency payments at point-of-sale (PoS) machines ...

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World’s Fourth Largest Bank by Assets Trials Blockchain Loans Backed by Land

The Agricultural Bank of China (ABC), the world’s fourth-largest bank by assets, has issued its first loan on blockchain, local news outlet Financial News reported July 31. State-owned ABC, which counts itself among China’s “Big Four” lenders, revealed it had issued a loan worth around $300,000 backed by a piece of agricultural land in the Guizhou province. According to Financial ...

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Gifto to be the World’s Largest Mass Consumer Blockchain Project in 2018

Andy Tian, CEO of Gifto, announced his ambition to make Gifto the world’s largest mass consumer blockchain project in 2018 during his keynote speech of Blockchain Partners Summit in Seoul Korea 21st-22nd July. This commitment is founded upon an aggressive expansion plan that seeks to drive the value of Gifto through usage. During 2018’s Blockchain Partners Summit in Seoul, Andy ...

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Bitcoin Miner Hut 8 Becomes ‘Largest’ by Capacity After Second Site Opening

Toronto-based Bitcoin mining company Hut 8 has announced the completion of its second mining facility in Canada on July 16, claiming to have become the world’s “largest publicly-traded” operator by capacity. In a press release, Hut 8 revealed its Medicine Hat farm had been completed ahead of its September deadline, joining its existing operation in the city of Drumheller. Launched ...

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BlackRock, the World’s Largest Asset Manager, is Exploring Cryptocurrencies

Six months after its chief executive lambasted bitcoin as an “index of money laundering,” BlackRock — the world’s largest exchange-traded fund (ETF) provider — has set up a working group to explore how to profit from the burgeoning cryptocurrency ecosystem. The Financial News reports that the $6.3 trillion asset manager has begun discussing whether to invest in bitcoin futures and ...

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