Alexander Drozdenko, governor of the Leningrad region in Russia, has invited crytpocurrency miners to set up shop in his region, per a Russian news service. The miners can use local land to establish mining farms and tap into the energy generated by Leningrad Nuclear Power Plant (LNPP).
Electronic dance musician and hip-hop artist Gramatik plans to “tokenize” his intellectual property and other rights through an initial coin offering via SingularDTV.
The Lowtemp Recordings artist will launch his GRMTK token offering during his upcoming European tour, which starts Oct. 13 in Luxembourg.
We’ve apparently entered one of those market lulls in cryptocurrency, as prices remained basically unchanged on Wednesday for all but a few favored cryptocurrencies.
Legacy bitcoin (BTC) was just under the $4,000 mark, standing at $3,997 at mid-day, up under one percent in single-coin pricing.
Grid+ is an energy sharing network that empowers energy consumers to become their own “utility” by selling surplus solar or battery power to those who need it. The company has already sold 45 million tokens in its pre-sale, and will hold its public sale on October 30.
China’s bitcoin ban may not extend to mining the cryptocurrency. That’s the assertion of Jihan Wu, the co-founder of hardware manufacturer Bitmain and Antpool, which maintains the largest hashrate for bitcoin mining.
In comments relayed via Twitter by crypto investor John McAfee following a lunch with Wu and Bitcoin Cash backer Roger Ver,
Uncertainty is in the air, and the cryptocurrency market certainly reflected that today. Legacy bitcoin (BTC) slid back below the magic $4,000 level at mid-day, sitting at $3,981 for its single-coin price. The drop was just percentage points below yesterday, but still reflected the unease of investors,
Hedge fund manager Ray Dalio is not in cryptocurrency’s corner. The Bridgewater Associates founder said Tuesday that bitcoin is “not an effective storehold of wealth.”
Speaking on CNBC, Dalio, whose fund manages $160 billion in assets, making it the world’s largest, said of bitcoin,
Reports indicate the Indian government is strongly considering issuing its own cryptocurrency, yet another monetary experiment by the country.
Several Indian press reports indicate the government is considering “a proposal to introduce its cryptocurrency similar to bitcoin,” that will be issued by the Reserve Bank of India (RBI).
Well, that was quick. Legacy bitcoin (BTC) is now back over the $4,000 mark after briefly dipping under $3,000 way back when – or last week, as we call it.
At mid-day, BTC’s single-coin price stood at $4,001, up nearly 10 percent over the last 24 hours.
Mixed messages continued today about China’s intentions regarding its cryptocurrency exchanges and initial coin offerings.
Late last week, the two largest Chinese cryptocurrency exchanges, Huobi and OKCoin, announced that they would close the yuan trading part of their business as of Oct. 30.