Marvel Weighs Legal Move Against Crypto Startup’s ‘Wacoinda’ Plans

Marvel Weighs Legal Move Against Crypto Startup’s ‘Wacoinda’ Plans

Marvel is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation of Wakanda from the Black Panther film. The comic book giant’s subsidiary, Marvel Characters, filed for extensions with the U.S. Patent and Trademark Office to receive more time before deciding whether it will oppose the Wakanda Wine Fest and Wacoinda trademark submissions. Those trademarks were filed by a company called Wilsondom LLC, which wants to launch financial and educational services around cryptocurrencies, according to legal information website Justia. Specifically, the Wacoinda trademark, if approved, would be applied to financial education and economic empowerment initiatives aimed at the African-American community. The Wacoinda trademark was filed in February, but Marvel Characters’ request for an extension came just last week, public documents reveal. The company now has until November 14 to decide if it wishes to oppose the trademark. The extension does not necessarily mean that Marvel will oppose the trademark, however. Marvel Characters did not respond to a request for comment by press time. Wacoinda was not the first cryptocurrency-related project that Black Panther called to life: in June, African singer Akon announced the creation of the cryptocurrency Akoin and a plan to build a “real-life Wakanda.” As previously reported, the city is already being built on a 2,000-acre area of land gifted to the singer by the president of Senegal, Macky Sall. Black Panther image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China

Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China

News A new crypto cafe and coworking space, called Hash House, has been established in the city of Xi’an, China. It seems like a cool place to go whether you want to learn about the latest trends, develop your own project, or just grab a coffee for BCH. Also Read: The Daily: Huobi OTC to Support Dồng, Dymon Asia Backs Crypto Platform Say Hello to Hash House Hash House is a new crypto-themed cafe and coworking space in the Chinese city of Xi’an, the capital of Shaanxi Province and home of the famous Terracotta Army. After operating under the radar for about a month, the venture is planning to celebrate its official opening with a three-day “Blockchain Carnival” event in late August. Inside the cafe, Hash House have set up a mining exhibit that displays mining hardware and their history, cryptocurrency-themed decorations, and a crypto shop that sells related merchandise such as different hardware wallets from around the globe. Serving as a crypto community center, Hash House also provides learning materials for free, such as white papers and relevant books. Every week the place will host seminars and meetups about different subjects to share the latest crypto news and trends to locals for free. And the cafe actually serves specialized food and drinks that can be paid for with Bitcoin Cash (BCH). Complementing the public cafe are professional development studios for relevant startups, offering a classroom, multiple meeting rooms, a 2000 square-meter exhibition area and 500 square meters of office space. Giving Back to the Community Speaking with news.Bitcoin.com, the founder of Hash House, Kirk Su, explained the rationale behind the new venture. When he came back to China after graduating from Indiana University, Kirk noticed that actual adoption is still very low in his home country, outside the major coastal cities, compared to what he saw in the West. He was already involved in the crypto mining world for three years at that point and wanted to “give back to his community the culture of bitcoin because that is something that people deserve to know.” The purpose of Hash House is to introduce new people to the concept of cryptocurrency and educate against any negative perceptions they might have, as the topic is often…

PR: BITTECH Offers Two Mining Machines, Equipped with Mining Chips Using a Cutting-Edge 10 Nm Process Technology

PR: BITTECH Offers Two Mining Machines, Equipped with Mining Chips Using a Cutting-Edge 10 Nm Process Technology

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. BITTECH starts selling a new range of cryptocurrency mining hardware powered by 10 nm semiconductor chips (10 nm BT0010a and BT0010La mining chips). It is to be recalled that BITTECH introduced its first ASIC miner as early as mid-May, 2018. Bittech One based on 14 nm ASIC chip BT0014 is characterized by 28TH/s hashing power, while energy consumption makes 2200W. A new range of mining hardware includes two models:1. Bittech One Mini is a 10nm-based ASIC for private mining. ASIC is characterized by compact sizes, SHA-256-based 16TH/s hashing power, and 1150W power consumption. Retail price will make $880, including power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.2. Bittech L-One is a new Scrypt-based solution for cryptocurrency mining (like LiteCoin). This is a 10nm BT0010La-based mining hardware with the hashing power of 2.3GH/s and energy consumption of 2600W. The miner is priced at $1970, including the power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25. BITTECH’s mining hardware based on advanced 10nm semiconductor chips is an “all-in-one” solution with Murata/Artesyn inbuilt power supply units, supporting hot replacement. Even a newbie can set up its unsophisticated and user-friendly software. All miners are covered by 180-days warranty. BITTECH Limited was engaged in R&D with regard to 10 and 14nm advanced chips since early 2017. At the moment, the company has finished its R&D and offered own mining hardware to a wide range of customers. Aside from miners and chips, the company is going to establish four large data centers in Canada, Iceland, Estonia, and Russia. It has started the construction of Russia’s data center for 9000 miners with the total processing power of 21MW in April 2018. The company will lease a part of premises to its customers under colocation agreements. More information about BITTECH:Official website: bittech.cn.comTwitter: twitter.com/bittechI Press Contact Email Addressinfo@bittech.cn.com Supporting Linkhttps://bittech.cn.com/news4 This is a paid press release. Readers should do their own due diligence before taking any actions related…

Coinbase Index Fund reduces fee to 1%, adds Ethereum Classic

Coinbase Index Fund reduces fee to 1%, adds Ethereum Classic

We’re pleased to announce that we are reducing the annual management fee for Coinbase Index Fund from 2% to 1% for all new and existing investors. We’re reducing our fee in order to attract investors who are familiar with lower-fee index funds in other asset classes. This will help introduce a new category of institutional investors into the cryptocurrency space. Coinbase Index Fund has also been rebalanced to include Ethereum Classic, following its listing on Coinbase this week. All investors now have exposure to Ethereum Classic. The fund will continue to add new assets when they are listed on Coinbase. Coinbase is currently exploring five more assets for listing. Coinbase Index Fund gives investors exposure to all assets listed by Coinbase, weighted by market capitalization. At this stage, the fund is open to US residents who are accredited investors. The minimum investment is $250,000 and the maximum is $20 million. Sign up today to start investing this month.

Bitt Inks Blockchain Deal With Another Caribbean Central Bank

Bitt Inks Blockchain Deal With Another Caribbean Central Bank

Barbados-based blockchain startup Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten (CBCS) to look into issuing a central bank-backed digital currency for the two nations. Bitt, a portfolio company of Overstock’s Medici Ventures, said Monday that it has signed a memorandum of understanding (MOU) with the central bank for the Dutch Caribbean island Curaçao and Netherlands constituent country Sint Maarten earlier this month. The goal of the deal is to jointly examine the possibility of issuing a digital Curaçao and Sint Maarten guilder to replace the current Netherlands Antillean guilder. The project will focus in part on testing know-your-customer/anti-money laundering (KYC/AML) technology, according to statements. CBCS acting president Leila Matroos-Lasten said the bank signed the MOU with Bitt “due to this company’s regional experience in digital payments and its macroeconomic views.” She added: “The central bank is determined to address its challenges proactively by exploring the latest technology available, for example, to reduce the level of cash usage within the monetary union, and to facilitate more secure, more AML and KYC compliant and more efficient financial transactions within and between Curaçao and Sint Maarten.” The MOU signifies that the bank recognizes the potential improvements that technology can bring, she added. “The CBCS … is committed to exploring solutions regarding the efficiency of cross-jurisdictional transactions and digital payments whilst ensuring compliance and security assurances obtained by these state of the art [fintech] solutions,” Matroos-Lasten was quoted as saying. “This would be beneficial to everyone.” The news comes a few months after Bitt signed a similar MOU with the Eastern Caribbean Central Bank, a central banking institution that covers Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia and St. Vincent and the Grenadines. That trial may be used to develop new digital payment and settlement systems, and if successful, could ultimately help the bank issue a cryptocurrency of its own, as previously reported by CoinDesk. Image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Bitcoin Price Hits 7-Month High Against Turkish Lira

Bitcoin Price Hits 7-Month High Against Turkish Lira

Bitcoin (BTC) jumped to seven-month highs against Turkey’s national currency, the lira (TRY), on Monday. The price spike comes after the U.S. imposed sanctions against Turkey on Friday for continuing to hold an American pastor in custody. The resultant economic shock-wave has seen the lira drop to a new lifetime low of 7.20 TRY against the U.S. dollar today, after already having dropped 27 percent last week. On a year-to-date basis, the lira is down more than 80 percent against the greenback. The crash in the lira looks very likely to be increasing bitcoin’s proposition as a safe-haven asset in Turkey, and the price of the cryptocurrency shot up to 47,192 TRY earlier today – the highest level since January 21, according to Bitfinex data. At press time, the figure had dropped slightly to around 44,000 TRY. Since August 8, BTC has appreciated against the lira by 31 percent and is also up by 67 percent from the June 24 low of 26,337 TRY. By comparison, the cryptocurrency’s U.S. dollar-denominated exchange rate is up just 12 percent from its low of $5,755 seen on June 24. BTC/TRY chart So what’s behind the sudden appeal of bitcoin for Turkish investors? The sharp slide in the lira has already pushed up inflation, which, along with a slump in spending power for TRY holders, has certainly boosted bitcoin’s appeal as a store of value. The increased interest is evident from the fact that Turkish cryptocurrency exchanges Paribu, Btcturk, and Koinim have witnessed a spike in trading volumes since Friday. As of writing, Paribu is reporting a 100 percent rise in trading volumes for the BTC/TRY trading pair. Looking forward, BTC could well rise further against the lira, as Turkey’s President Erdogan continues to oppose interest rate hikes to stabilize the currency and, rather than backing down, has referred to the President Trump’s decision to impose sanctions on Turkish steel and aluminum as an “attack” on its economy. Disclosure: The author holds no cryptocurrency assets at the time of writing. Turkish lira and bitcoin image via Shutterstock; Charts by Trading View The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency…

Bitcoin.com CEO Roger Ver Eyes ICO as Token Issuance Protocol Comes to Bitcoin Cash

Bitcoin.com CEO Roger Ver Eyes ICO as Token Issuance Protocol Comes to Bitcoin Cash

Bitcoin.com CEO Roger Ver has hinted his publication may launch an ICO as he unveiled a new tool allowing developers to issue tokens on the Bitcoin Cash blockchain in a Bitcoin.com video August 11. Together with one of Bitcoin.com’s lead developers Corbin Fraser, Ver hinted in the video at that the advent of the Wormhole Cash protocol, which allows for token creation on Bitcoin Cash, would afford new possibilities. “For better or worse, ICOs and CryptoKitties are probably coming to Bitcoin Cash in the near future,” Fraser had said, to which Ver responded: “They’re probably coming to Bitcoin.com, too. We’ve been thinking about having our own ICO for maybe the games part of the platform; maybe we’ll issue a token and pay dividends or use part of the money… to buy back the tokens on the open market.” The Wormhole release comes as cryptocurrency mining operation Bitmain, which together with Bitcoin.com forms Bitcoin Cash’s major proponent base, hits the headlines over its plans to hold an initial public offering (IPO). As multiple commentators report, the scheme could help alleviate some of the suspected cash flow difficulties at the giant, which divested itself of Bitcoin (BTC) in favor of Bitcoin Cash (BCH) tokens last year. The move appeared to be disastrous for Bitmain, a pre-IPO filing suggesting the company had hemorrhaged funds as BCH collapsed in value through 2018. “According to the Bitmain pre-IPO investor deck, they sold most of their [Bitcoin] for [Bitcoin Cash]. At $900/BCH, they’ve bled half a billion in the last 3 months,” Blockstream CSO Samson Mow deduced in Twitter comments August 11.

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

News Last week, news.Bitcoin.com reported on the proposed consensus changes published by the Bitcoin ABC development team, and the opposition towards certain elements of that proposal from a few BCH community members. Now the blockchain firm and mining organization Coingeek, led by the billionaire tycoon Calvin Ayre, has revealed some different proposed changes to the BCH protocol that the group would rather support. Moreover, Coingeek also explains the company has designed a next-generation ASIC chip that will be unveiled during the last week of November in London. Also read: The Opposition Towards Bitcoin ABC’s Proposed Upgrade Changes Craig Wright: The Plan is 128MB This November Three days ago we reported on the proposed changes being added to the next full node client published by the Bitcoin ABC development team. The new code changes should be in the next codebase release which is expected to be ready on August 15 for testing. As we discussed, the ABC developers plan to add canonical transaction ordering, a minimum transaction size of 100 bytes, activation of OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY (CDSV), and push-only mandatory for scriptsig. However, Nchain’s Craig Wright explained that CDSV would not happen while also detailing that friends like Calvin Ayre would not support the change. A few days later on August 11, Wright explained his preferred consensus changes that he would like to see implemented on the BCH chain this coming November. Wright states: The plan is 128MB this November — 512MB in May 2019 — 2.0 GB in Nov 2020 and – after this, it is unbounded. There will be NO limits ANYWHERE in bitcoin. We expect 337k USD in fees a block just from one use case. That will then fuel BCH to become global money.    Coingeek’s Statement Against Certain Changes and the Mining Pool’s November Suggestions Following this, on August 13 the mining organization Coingeek, which captures over 20 percent of the BCH hashrate, once again made a statement concerning Bitcoin protocol changes. The company starts off by explaining that it is fully committed to the global success of the original Bitcoin protocol which is “now restored in the form of Bitcoin Cash BCH.” Furthermore, Coingeek emphasizes that as a “significant miner” there are a few consensus changes they plan on supporting that…

Former S&P President Leads Seed Round for ICO Compliance Startup

Former S&P President Leads Seed Round for ICO Compliance Startup

Regtech and compliance startup iComply has just completed a seed funding round led by former Standard and Poor’s president Deven Sharma. The firm – which seeks to develop standard compliance tools and services for other blockchain startups and in particular those which launch initial coin offerings or ICOs – announced Monday that it raised a seven-figure number during the round, although it did not provide an exact figure. DMG Blockchain and Block X Capital also participated in the round. In its announcement, iComply also revealed that former CFTC official Jeff Bandman, former Nasdaq and Financial Industry Regulatory Authority (FINRA) executive Manny Alicandro, MIT fellow Praveen Mandal and attorney Thomas Linder have joined the startup as advisers. In conversation with CoinDesk, Sharma said he chose to invest in iComply specifically because of the startup’s “focus on compliance and risk services for ICOs.” Compliance, he said, will help ease regulator concerns by providing transparency into ICO issuers. Sharma also believes that the firm can aid adoption by supporting traditional financial services firms looking into the technology. “My interest is to see iComply evolve into a benchmark that investors can use to assess credibility of issuers, sustainability of underlying services and the price of ICOs,” he said. The startup’s founder and chief executive, Matthew Unger, said in a statement that new ICOs and exchanges will have to answer to regulators including FINRA, the Financial Transactions and Reports Analysis Centre of Canada and the Swiss Financial Market Supervisory Authority, among others. As such, he said, “iComply’s patent-pending software enables both security and utility tokens to monitor and document compliance, governance and risk procedures, before a public blockchain executes an immutable trade, providing trust, integrity and transparency for our clients.” Sharma explained that new tools like blockchain still need transparency to build investor confidence. Doing so, he said, “will allow for more growth of innovative ways of raising funds and investment – I see iComply as a critical component of making the entire ICO space more successful, because it provides the confidence.” The concepts of transparency and trust, he said, were what sparked his interest in blockchain to begin with. That said, Sharma said he has yet to invest in any token sales, telling CoinDesk: ‘There have been a few ICOs that had a…

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

A governmental committee comprised of Saudi Arabian regulators has issued a statement clarifying that cryptocurrency trading is illegal in the kingdom. According to a statement issued Sunday, the standing committee warned against trading in cryptocurrencies due to “negative consequences and high risks on traders as they are out of government supervision.” It went on to clarify: “The committee assured that virtual currency including, for example but not limited to, the Bitcoins are illegal in the kingdom and no parties or individuals are licensed for such practices.” The statement does not indicate what the consequences might be for parties found to be trading in cryptocurrencies. Brought into being by a supreme decree, the Standing Committee for Awareness on Dealing in Unauthorized Securities Activities in the Foreign Exchange Market was formed by five of the Middle Eastern country’s watchdogs, including the Capital Market Authority (CMA) and the Saudi Arabian Monetary Authority (SAMA), the country’s de facto central bank. As well as its mandate over unauthorized securities, the committee also has the remit of notifying the relevant agencies of any virtual currency activities in order to reduce their exposure to the public. The warning follows a critical remark by Saudi Prince Al-Waleed bin Talal in December 2017, in which he said bitcoin is ” just going to implode one day.” The prince further compared the world’s largest cryptocurrency by market valuation to Enron, the U.S. energy company that collapsed in the early 2000s after revelations of massive accounting fraud. Saudi Arabian flag image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.