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London Zoo has honored Prince Harry’s fiancee by naming its newborn okapi after her. The zoo said Wednesday the animal born in early December was named Meghan to celebrate the upcoming wedding of Harry and American actress Meghan Markle. The okapi (oh-COP-ee) have striped hindquarters like zebras but are related…
Are you an environmentally conscience stock investor looking to add some bitcoin exposure to your portfolio without fearing you might be melting the polar ice caps? A new “green” energy cryptocurrency mining venture may soon be available for you to invest in.
Hydrominer GmbH, An Austrian cryptocurrency miner, is reportedly considering an initial public offering (IPO) on the London Stock Exchange AIM during 2018. This is meant not just to capitalize on the current ‘blockchain mania’ in the markets but to actually be used as a way to fund its global expansion plan beyond Austria.
The company already raised about $ 2.8 million in an initial coin offering (ICO) in November 2017, but now believes that listing its shares on an exchange will provide a more suitable venue to raise finds safely. “I want investors to be able to invest in a company that is genuinely risky but that operates within a framework which is secure,” said Hydrominer Chief Financial Officer Davies Guttmann.
AIM is the LSE’s venue for smaller companies to float shares with a more flexible regulatory system than is applicable on the main market. The Vienna-based miner plans to raise a “double-digit million” sum, according to its CFO. “We will not be able to raise nearly enough money than we could use.” He also added that a leading auditor has been invited to review the business and that it is profitable.
Austria’s has over 2,000 small hydroelectric power stations, many of them derelict, making for energy cheap if you can tap into this unused potential. Hydrominer operates its mining rigs within modular shipping containers near the stations in the Alps. The company thus reportedly pays only about 4.5 cents a kilowatt-hour, estimated to be 85% lower than the average in the EU.
Hydrominer also claims to be in advanced negotiations to form joint ventures in Austria, Canada and eastern Europe. A partnership deal could be announced within months, according to the CFO. Longer-term, Hydrominer plans to be an infrastructure provider for others in the cryptocurrency industry, offering hardware, software and skills.
Should bitcoin firms seek the validation of traditional securities markets? Tell us what you think in the comments section below.
Images courtesy of Shutterstock.
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Kevin Spacey’s under a new Scotland Yard investigation — a third man filed a complaint alleging the actor sexually assaulted him. Scotland Yard says the alleged victim went to police on December 13 claiming Spacey sexually assaulted him in 2005 in…
London Mayor Sadiq Khan said Friday that US President Donald Trump had “got the message” from Londoners after canceling his visit to the city.
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US President Donald Trump won’t be paying a visit to London to open his country’s billion-dollar embassy, he tweeted Thursday.
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President Donald Trump said he is canceling a planned trip to the U.K. in February, long intended to be his first official visit to the country, the latest sign of strained relations between the U.S. and Britain.
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President Trump says he has scrapped plans to visit London—and it’s Barack Obama’s fault. In a tweet late Thursday, Trump said he will not be unveiling the new American embassy in the city because his predecessor made a “bad deal,” reports Reuters . “Reason I canceled my trip to London…
The first of its kind to be funded by bitcoin, Silk Road, the play, ran in 2014 at the prestigious Edinburgh Festival Fringe. After a hiatus, it’s back and having a premiere in London. A one-man story based loosely on the trials and tribulations of Ross Ulbricht, who was convicted of having operated the notorious site and sentenced to two life terms, the production is both a symbol of the world’s most popular cryptocurrency’s drama and its power.
Also read: Dear Ross Ulbricht
Silk Road the First Theatrical Production to be Funded by Bitcoin
Silk Road is Alex Oates’ attempt to weave mild politics in with a kind of morality tale. He was able to crowdfund his project on multiple sites, including Kickstarter. Even those participating in the original Silk Road forums were solicited, and an anonymous donor gave two bitcoin. At the time, they barely scraped 400 dollars a coin. Now, of course, they’re hovering over 11,000 USD. That, and according to press reports, Mr. Oates “has gone on to amass a ‘blockfolio’ currently worth $ 40,000, made up of multiple cryptocurrencies.”
Alex Oates didn’t describe himself as someone particularly interested in bitcoin prior to hearing about Silk Road. After an encounter with the site, and the subsequent arrest and conviction of its alleged mastermind, Mr. Oates saw a story there.
The Ross Ulbricht story is worth telling, and worth telling in as many different ways as tears have been shed. For mainstream media, it’s a story of drugs and forbidden websites and a mysterious currency used by scofflaws. Some of that is undoubtedly true, but there’s a deeper, almost inchoate sense of morality and proportion often missed.
Mr. Ulbricht at most brought buyers and sellers together without official sanction. He never personally sold illegal drugs. Never purchased them, either. Instead, buying and selling occurred on the Silk Road in permissionless goods and services, some of them deemed illegal by some governments.
A bright, and by all accounts, kind and brilliant young man was essentially made an example: mess with unregulated currency, facilitate anything less than completely micromanaged commercial websites, and that person is risking their life.
Silk Road, the Play
Starring UK television actor, James Baxter, Silk Road is the story of the character Bruce Blakemore, a working class bloke from North Eastern England who lives with his grandmother. Reviewers have called it “a host of unforgettable characters … [a] pitch-black comedy for the Bitcoin generation.”
Directed by Dominic Shaw, it is “the first show ever funded by the crypto currency, Bitcoin,” they claim. It follows Bruce as he and his “nan” are roped into the seedy underworld of dark websites, pirates, drugs, and eventually law enforcement.
Those interested in supporting Ross Ulbricht’s future appeals are encouraged to surf over to FreeRoss.org.
What are your thoughts in popularizing the Ross Ulbricht story? Tell us in the comments section below.
Images courtesy of Pixabay, FreeRoss.org.
The post Silk Road – The Theatrical Version, Funded by Bitcoin, to Debut in London appeared first on Bitcoin News.
London police said armed officers swarmed the heart of London’s main shopping district on Friday evening after reports of shots being fired, but later said they found no evidence of gunfire.
WSJ.com: What’s News Europe