Monthly Archives: August 2019

Bitcoin Mining Farms Are Flourishing on the Ruins of Soviet Industry in Siberia

The Takeaway: Russia’s abandoned Soviet-era factories are enjoying a second life as cryptocurrency mining facilities. Siberia’s big hydropower plants (another legacy of the USSR) have lured miners with cheap electricity. The favorable energy prices and naturally cold climate are turning Siberia into an international mining hub with miners from Europe, Asia and the U.S. placing… Read More »

The Crypto Custody Conundrum: What Are We Even Talking About?

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets. Sign up here. For a primer on crypto custody concepts, you can download our… Read More »

Billionaire Investor Eyes $1 Billion Crypto Hedge Fund

The billionaire head of Brevan Howard hedge fund, Alan Howard, is launching a crypto portfolio platform that aims to make stable investments in a notoriously volatile market. The platform is geared towards institutional clients and will make strategic investments in other crypto hedge funds, becoming a kind of fund of funds, according to a Financial… Read More »

Join the CoinDesk Team in Tel Aviv

Some members of the CoinDesk team will be holding an On Tap event in Tel Aviv on September 12 and we’d love to see you there. You’ll be able to join Leigh Cuen and Daniel Kuhn at Drama Tel Aviv from 8pm to 10:30pm. The goal is to meet some cool people in the ecosystem… Read More »

Zcash Developer Electric Coin Co. Reveals Q1 Financial Loss

The Electric Coin Company (ECC), the for-profit company that supports the development of the zcash cryptocurrency has issued its Q3 transparency report, revealing it has so far avoided layoffs during the bear market despite financial losses. According to the report, the company ran an average monthly deficit of 30 percent in Q1. The ECC took… Read More »

Bitcoin Price Faces Third Monthly Loss of 2019

View Bitcoin is on track to test $9,000, having dived out of a narrowing price range earlier this week. The cryptocurrency is likely to end August on a negative note, having suffered losses in July and January. BTC may suffer a deeper price drop over the next few months, possibly to the 200-day moving average… Read More »

IBM-Maersk Logistics Blockchain to Be Used by Thai Customs Agency

Thailand is integrating IBM and Maersk’s blockchain project to streamline its shipment tracking procedures, according to a local news source. The Bangkok Post reported Thursday that the Customs Department of Thailand will adopt TradeLens, the logistics platform jointly supported by IBM and Maersk as part of the country’s Thailand 4.0 policy. Thailand will be the… Read More »