Bitfury Launches New Generation of ASIC-Based Bitcoin Mining Hardware

[ad_1] Bitcoin (BTC) mining software manufacturer Bitfury Group has launched a new generation of its BTC mining hardware based on its Application-Specific Integrated Circuit (ASIC) chip Bitfury Clarke, according to an announcement published September 19.An ASIC chip is a piece of mining hardware geared to mine digital currency based on a specific hashing algorithm. An ASIC is tailored for a particular use, rather than for general-purpose use.The Bitfury Clarke ASIC

International Anti-Money Laundering Standards for Crypto Expected in October

[ad_1] The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19.The FATF is an international organization established in 1989 at the initiative of the G7 in order to develop policies and standards to fight money laundering. The agency’s scope of activities further expanded to combat terrorism financing. The FATF currently

US SEC Asks for Further Comment Regarding VanEck Bitcoin ETF

[ad_1] The U.S. Securities and Exchange Commission (SEC) has requested further comments regarding its decision on the listing and trading of a Bitcoin (BTC) exchange-traded fund (ETF), according to an official notice released September 20.The ETF under consideration is backed by investment firm VanEck and financial services company SolidX. Initially filed on June 6, the fund is claimed to be physically-backed, which means it will hold actual Bitcoins, and is

Consortium of Swiss Investors Launch Blockchain Incubator with $100 Million Goal

[ad_1] Switzerland-based consortium Crypto Valley Venture Capital (CV VC) has launched a blockchain incubator with a $100 million goal, reported September 20.CV VC has reportedly launched its initial incubator dubbed “Genesis Hub” in the canton of Zug, also known as Switzerland’s Crypto Valley. The Crypto Valley Association was founded as a government-backed consortium in March 2017, with the aim of “supporting the development of blockchain and cryptographic related technologies