Bitcoin Mining Firm Hut 8 Secures Canadian Electricity Supply Deal

Announcements, News | March 23, 2018 By:

Bitcoin mining firm Hut 8 has signed a $100 million deal with the city of Medicine Hat in the Canadian province of Alberta to both lease land and purchase 42 megawatts (MW) of electrical power for its second mining facility.

The Bitfury-backed company said the new mining facility will be set up next to the southern Alberta city’s new $55.7 million natural gas-fired power plant,


Tech Think Tank Applauds US Sanctions On China, But Cautions On Focus

FinTech, Investing, News, Regulation | March 22, 2018 By:

The Information Technology and Innovation Foundation (ITIF), a think tank for science and technology policy, has applauded the Trump administration’s efforts to curb China’s alleged “pattern” of abusing economic and trade policy to gain unfair advantage in key industries. But ITIF cautioned the administration against imposing tariffs on producer goods that support US productivity growth.


Cryptocurrency Wallet Address May Be Added To Sanctions List, Says US Treasury

News, Regulation | March 22, 2018 By:

The US Treasury Department is considering adding cryptocurrency wallet addresses to its sanctions list if it’s able to link the wallet addresses with people who are blacklisted.

In a March 19 update to its FAQ on sanctions compliance, the department said that its Office of Foreign Assets Control (OFAC) may add digital currency addresses to the sanctions list “to alert the public” to specific property associated with a blacklisted person.