US Elections Push Augur’s Total Ether Bets Over $2 Million

U.S. elections drama may be dragging Augur out of the doldrums. The decentralized betting platform built on ethereum enjoyed a promising launch in July but then stagnated due to its clunky user experience and a general decline in the use of decentralized applications. As Tuesday’s mid-term elections in the U.S. approach, however, money is pouring into the platform. The market for “Which party will control the House after 2018 U.S. Midterm Election?” has 3,517 ether or nearly $727,000 staked on it at the time of writing, according to Predictions.Global, a…

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Crypto Mining Tech Firm Bitfury Closes $80 Million Funding Round

Cryptocurrency mining technology firm Bitfury Group has just closed an $80 million funding round led by venture capital firm Korelya Capital. Also participating in the private placement were investors such as Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and others, according to a Bitfury press release. Advising Bitfury on the funding was investment bank Bryan, Garnier & Co.. George Kikvadze, Bitfury’s executive vice chairman, said in the release: “With a half billion dollars in revenues, Bitfury is the leading blockchain B2B global technology infrastructure provider at the corporate and…

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The Number of Bitcoin Short Positions Just Hit a 3-Month Low

The bearish sentiment around bitcoin sank to three-month lows earlier today as short positions placed on crypto exchange Bitfinex fell to their lowest level since August 5th. At approximately 11:00 UTC, the number of short positions dropped to 21,434, which represents a 33 percent drop in the past eight days alone. During the same time, longs – or positions that are betting on an increase in bitcoin’s price – also witnessed a notable increase of 10 percent, the current number of which (24,410) marks a three-week high. Indeed, the sentiment here seems…

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Crypto Wallet Firm Blockchain to Airdrop $125 Million in Stellar

Crypto wallet provider Blockchain says it’s about to stage what it’s calling the “largest crypto giveaway in history.” The company will distribute $125 million in Stellar lumens (XLM), nearly half a billion tokens, to Blockchain wallet holders who sign up for the airdrop. The first batch of recipients will see their tokens arrive within the week, according to an announcement Tuesday. The amount of XLM being dropped to each wallet was not disclosed by the firm. With the news, Stellar becomes the first partner for Blockchain’s airdrop program and guiding framework announced last…

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Charlie Shrem Says He Never Owned Bitcoin Claimed Stolen By Winklevosses

Early bitcoin entrepreneur Charlie Shrem is pushing back against an accusation that he stole 5,000 bitcoin from Tyler and Cameron Winklevoss, according to recently-published court filings. In a document filed Monday with the U.S. District Court for the Southern District of New York, Shrem calls the Winklevoss brothers’ assertion that he stole 5,000 bitcoin “dead wrong,” while also arguing against a prejudgement motion to freeze certain of his assets. The Winklevoss brothers sued Shrem in September, though the complaint remained under seal until October, claiming that while they paid him…

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Bitmain to Begin Selling New Bitcoin Miners Later This Week

Bitmain is launching two new Antminer models targeting the bitcoin mining industry. The crypto hardware manufacturing giant announced Tuesday that the new Antminer S15 and T15 machines will be powered by its recently revealed 7nm ASIC (application-specific integrated circuit) processor, and will go on sale on Nov. 8. The new miners “possess industry-leading hash rates designed to mine with the SHA256 algorithm,” according to a tweet from the company. The 7nm chip was first announced in late September by Bitmain CEO and co-founder Jihan Wu, who said it would be more…

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Texas Regulators Enter Emergency Stop Against Crypto Mining Firm

The Texas State Securities Board entered an emergency cease-and-desist on Tuesday against a cloud mining company based in Australia that it said was selling unregistered securities. In the order, Texas securities regulators claim that Automated Web Services Mining (otherwise known as AWS Mining), AWS Mining PTY LTD., a number of of AWS Mining’s officers, crypto wallet provider MyCoinDeal, and multi-level marketing organization AWS Elite were violating the state’s Securities Act and committing fraud by selling investment contracts in AWS’ cloud mining pool. According to the filing, the respondents promised investors…

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Bitcoin Cash Price Climbs 11% to Hit 2-Month High

The price of bitcoin cash rose more than 11 percent on Tuesday, pushing its price to a new two-month high. Market data shows that the cryptocurrency’s price has risen 30 percent since Sunday, and is currently trading at roughly $623. Bitcoin cash is the fourth-largest cryptocurrency by market capitalization, CoinMarketCap data shows. The price of BCH was trading hands at $425 before surging 32.5 percent, where it reached a then-peak of $588 on Nov. 5, clocking a 5-week high in the process when it was later confirmed, according to Coinbase…

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BBVA Puts $150 Million Syndicated Loan on Ethereum Blockchain

Spanish banking giant BBVA has completed a pilot that put a syndicated loan for $150 million on the blockchain. According to a report from the Financial Times on Wednesday, the bank arranged the loan for Red Electrica, Spain’s national electrical grid operator. A syndicated loan is one, where a group of banks lends together to a single borrower. In this case, the BBVA’s co-lenders were Japan’s Mitsubishi UFJ Financial Group and France’s BNP Paribas. The data for the loan was time-stamped at each stage of the process. The loan agreement…

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Salesforce Wins Patent Tackling Email Spam With Blockchain

Software giant Salesforce has won a patent outlining how a blockchain-based platform can be used to prevent spam or other unwanted emails from plaguing people’s inboxes. According to a document published Tuesday by the U.S. Patent and Trademark Office, a blockchain-based platform can be leveraged to check whether emails are changed or otherwise tampered with after being sent through a custom matching system. Moreover, this system can more efficiently filter spam than existing protocols, according to the document. The proposed platform would use a matching system to determine whether an…

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