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President Trump has personally pushed U.S. Postmaster General Megan Brennan to double the rate the Postal Service charges Amazon.com and other firms to ship packages, according to three people familiar with their conversations, a dramatic move that probably would cost these companies billions of…
How would you feel about being a patient at Zuckerberg San Francisco General Hospital ? For some patients, having the Facebook founder’s name plastered on the hospital is worrisome—and over the weekend, nurses at the hospital staged a protest to push for Zuck’s name to be removed, ABC 7…
Good news for American bitcoin companies, someone who wants much lighter Bitlicense regulations is in the running to be the next New York attorney general. And in China, a bitcoin mining hardware producer is planning a $ 1 billion IPO. These stories and much more in today’s edition of Bitcoin in Brief.
Bitcoin Supporter for NY AG
A bitcoin supporter wants to replace New York Attorney General Eric Schneiderman, who recently resigned after four women complained about non-consensual physical violence by him. Manny Alicandro has announced his candidacy on the Republican ticket. He is a stock market lawyer, former stand-up comedian, and a bitcoin enthusiast as the Wall Street Journal reports.
Alicandro expects his campaign to highlight the current harsh regulation of bitcoin. He said he’d like to see lighter rules for cryptocurrency businesses, arguing that the Bitlicense is hurting jobs and stifling innovation. He serves as an adviser to several blockchain startups and is a small investor in bitcoin and several other cryptocurrencies himself. The report adds that the AG candidate is currently checking if it is permissible for his campaign to accept donations in bitcoin.
Canaan Seeks $ 1 Billion IPO in Hong Kong
Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, is now reportedly planning to launch an IPO in Kong Kong and raise up to a billion USD. As we previously reported, the company was also eyeing the US for a possible IPO market but has now ditched that option according to people familiar with the matter cited by the South China Morning Post.
Warren Buffett Produces Bitcoin Mining Hardware?
Warren Buffett, the chairman and CEO of Berkshire Hathaway, has recently attacked bitcoin by saying among other things that the cryptocurrency is “probably rat poison squared.” Therefore he would probably be very surprised to find out that he is involved with it in some way. According to reports from Canada, Climate Solutions TMI, a subsidiary of Berkshire Hathaway, has begun producing “portable cryptocurrency mines” for Montreal-headquartered data-centers firm Kelvin Emtech.
These “portable mines” are containers with specialized ventilation systems needed to keep 1,200 rigs cool inside a metal box. They are said to be deployable anywhere in the world in two days, each consumes 2 MW of electricity, and can generate around $ 1 million in cryptocurrency revenue each month. “We wanted it to be easily transported by truck, boat or train. The goal is not to move them all the time, but rather to eliminate the problem of access to electricity. We want to bring these cryptocurrency mines as close as possible to the hydroelectric plants and the remote areas where Hydro-Québec has excess electricity to sell,” explained Fooad Nejad of Kelvin Emtech. “We get to recover between 80 and 97% of the heat produced. Containers could be placed near marijuana greenhouses or community centers, for example, and provided free of charge to partners. It’s like saying, ‘I’m scratching your back, you’re scratching my back’,” he added. The company also believes that this order will create about 200 jobs in the area.
Amana Capital Adds Cryptocurrency CFDs
Amana Capital, a Middle Eastern financial services group, is the latest online trading brokerage to add cryptocurrency-based contracts for difference (CFDs). The company explains it took the move due to “the increased demand for cryptocurrencies.” As a first phase, Amana will offer its clients the option to trade BTC, ETH, LTC, and XRP on its MetaTrader 5 platform, with additional cryptocurrencies promised to be added in the future.
Ahmad Khatib, CEO of Amana Capital, said: “Making cryptocurrencies available for CFDs traders across the world, falls in line with our strategic mission to further diversify our financial offerings and services, according to the latest financial innovations. Hence, we believe that entering the cryptocurrency market is a strategic move that propels our efforts on that end.”
Blox Releases “Quickbooks for Crypto”
Blox.io, a Tel Aviv-based startup formerly known as Coindash, has announced it launched Blox Business – an enterprise solution for managing, tracking and reporting crypto assets. The new platform is already being used by several ventures such as eToro, Wings, CIVIC, Coinsilium, Aeternity, Chainlinker capital, Startup Token and others. It features integrations with multiple exchanges and wallet accounts so that companies will be able to have a single dashboard with all their cryptocurrency holdings in one place. This solution is meant to help executives manage their books and finances by keeping an eye on stuff like cash flows, payments and salaries.
Dash CEO Hacked
Hackers continue to target victims in the cryptocurrency space, and the latest one revealed to be hit is CEO of Dash Core, Ryan Taylor. According to an announcement by the group, his Twitter account, LinkedIn account, and personal cell phone SIM card have all been compromised. After a few hours of it posting nonsense, Taylor has now regained control of his Twitter account. Last week we reported that hackers had taken over the official Vertcoin Twitter account.
Bitcoin on the Late Show
With the cryptocurrency now routinely featuring in hit shows like HBO’s Silicon Valley, its not that exciting to see bitcoin on TV but it’s still a good opportunity to reach a wider audience. The Late Show with Stephen Colbert recently hosted Reddit co-founder Alexis Ohanian who spoke about the promise of bitcoin for protecting wealth from government misuse. If you missed the segment, check it out bellow.
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post Bitcoin in Brief Thursday: Bitcoin Supporter Might Be Next NY Attorney General appeared first on Bitcoin News.
New York’s attorney general has announced his resignation after four women accused the Democrat of physically abusing them. Eric Schneiderman released a statement late Monday saying the allegations will “effectively prevent him from leading the office’s work” and therefore will resign on the close of business on Tuesday, per the…
Missiles that spit out warheads traveling up to 20 times the speed of sound and with the ability to perform elusive acrobatics may be too much for U.S. defenses to block.
Russia is playing the role of “both arsonist and firefighter” in Syria, Gen. Joseph Votel, who oversees all US troops in the Middle East, said Tuesday.
CNN.com – RSS Channel – World
It appears that the allure of free electricity and computer systems, courtesy of the tax payers, might be too hard for some government workers all over the world to resist. After it was recently revealed that Russian nuclear scientists were arrested for mining bitcoin on the job, now it is reported that American IT staff apparently lost their jobs for doing the same in Louisiana.
Mining Bitcoin in Louisiana
Louisiana’s Attorney General is reportedly conducting a criminal investigation against his own office’s former IT personal, including an ousted director, over allegations they used state resources to mine bitcoin.
The AG office’s Louisiana Bureau of Investigation reportedly questioned the suspects after authorities discovered “hardware” that they believed could have been used for mining bitcoin. It has not been revealed yet to the public exactly what equipment was found, so it is not possible to determine whether it was really ASICs to mine actual bitcoin, some GPU rigs to mine altcoins, just CPU mining malware or something different altogether.
Two former Attorney General’s Office employees also told Baton Rouge based newspaper The Advocate that the term “logic bomb” appeared in an email exchange that was discovered by state investigators. But the former IT director told the Federal Bureau of Investigation (FBI) he had no knowledge of any such thing being introduced.
Former IT Staff Claims All Allegations Are False
The fired employees included a systems administrator, a help desk manager, a litigation support coordinator and a human resources person affiliated with the IT division. Three of the former staffers denied the accusations in interviews with The Advocate, saying they were fired due to a misunderstanding by the AG Office.
According to the local news report the fired employees said that “they could not have used agency computers to mine for cryptocurrency even if they had wanted to because the machines lack the capability.” They further tried to explain that “such activity would have easily been detected due to the massive amount of electricity needed to power the computational processes.”
Would you take advantage of free electricity at the tax payers’ expanse to mine bitcoin if you could? Tell us what you think in the comments section below.
Images courtesy of Shutterstock.
The post Louisiana Attorney General Fires IT Staff for Allegedly Mining Bitcoin appeared first on Bitcoin News.
The lawsuit, which accused the film company and its co-founders, Bob and Harvey Weinstein of longstanding sexual harassment and other civil-rights violations, introduced too much uncertainty for the deal to go ahead.
WSJ.com: US Business
Harvey Weinstein and The Weinstein Company are being sued by the New York attorney general for alleged civil rights violations in the workplace. New York’s AG, Eric Schneiderman, just filed suit against Harvey, his brother, Bob Weinstein, and the…