Mining

Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless

A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions. […]

Altcoins

Ex-Employee: TRON Can’t Handle BitTorrent’s Crypto Token, Will Likely Use Different Network

Simon Morris, former Chief Strategy Officer at BitTorrent, believes that TRON won’t be able to manage BitTorrent’s high rate of transactions. His statement comes only a few days after TRON announced that it was going to launch BitTorrent crypto tokens on Binance Launchpad. In an interview with blockchain magazine BREAKER, Morris said that the network would […]

Crypto News

BitTorrent to Sell Crypto Token on Binance Launchpad

Binance’s cryptocurrency token creation platform Binance LaunchPad will introduce a minimum of one token to its users every month in this year, as revealed by the world’s largest crypto exchange today. The first projects that will be launched in this initiative include the TRON-affiliated BitTorrent and Fetch.AI. Crypto Giant Binance to Help BitTorrent with Token […]

Blockchain

‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at […]

Crypto News

Crypto Wallet Maker Ledger Partners with Neufund to Create Security Token Platform

Advertisement European crypto startups Neufund and Ledger have announced that they will work together to bring ERC20 tokens issued through Neufund to Ledger’s cryptocurrency hardware wallets and applications. Neufund, based in Berlin, and Paris-headquartered hardware wallet-maker Ledger already had a partnership dating back to 2017 when Ledger created a bespoke edition of the Nano S […]

Crypto News

No Coins for You! Beijing Says Security Token Offerings are Illegal

Advertisement Beijing’s Municipal Bureau of Finance chief, Huo Xuewen, has advised projects considering a security token offering as a means of fundraising, stating that security token offering (STO) fundraising is currently illegal in Beijing. At a wealth management forum on Saturday, he commented on the replacement of ICOs with the new concept of STOs, saying […]