Bitfury news

Blockchain company that develops software and hardware for working with Bitcoin, including mining.

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Bitfury Begins Selling BTC Mining Equipment to Small and Medium-sized Enterprises

Bitfury, an important Bitcoin mining manufacturer, has recently opened an online store to sell its products to both small and medium enterprises (SMEs). At the moment, the equipment available on the store includes several of the newest models, including Clarke ASIC chips, BlockBox AC mining machines, and the new B9 Tardis Mining Rig. These mining […]
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Bitfury Opens Direct Sales Of Bitcoin Mining Equipment To SMEs

Bitcoin mining rig manufacturer, Bitfury, has published prices on its equipment for the first time. According to an article in Russian-language, RBK-Krypto, the company has opened online hardware sales to small and medium-sized enterprises. Manic Bitcoin Miners The equipment now available in Bitfury’s online store, includes the Clarke ASIC chips, B9 Tardis Mining Rigs, and even its BlockBox AC mobile mining units. Clarke 14nm ASICs cost $2500 plus tax for a minimum lot of 1000 pieces. The chips perform at up to 120 gigahashes per second, and operate at an efficiency rate as low as 55 millijoules per gigahash. The rack-mountable B9 Tardis rigs come fully loaded with Clarke ASICs and are upgradable when new ASIC technology becomes available. Prices are currently $3300 plus tax for the currently available batch, and $2900 plus tax if you can wait until mid-October for your machine. Those wanting to splash out on a BlockBox AC will have to dig deep, as the starting price is over half a million dollars without tax. However, for that, you get a mobile plug-and-play mining solution with up to 7.5 petahashes per second. All you need is a suitably affordable power source and internet access… and somewhere to store a 40-foot marine shipping container. A Shift In Focus? Bitfury has previously focussed only on sales to larger corporate clients, and prices have been strictly ‘on application’ only. By opening up sales to SMEs (and even potentially individuals), Bitfury is broadening its market reach. Purchasers will even have access to support in the design and production of their own miners based on Clarke ASICs. This can only lead to an increase in the amount of hashing power on the the ground. Hashrate has risen in recent months to an all-time high, leading some to speculate that Bitcoin price will soon follow. Aside from mining machines, Bitfury is also involved in blockchain infrastructure projects, such as implementing lightning network payments on exchange BTCBIT. What do you think about Bitfury’s latest business move? Share your thoughts in the comments below.   The post Bitfury Opens Direct Sales Of Bitcoin Mining Equipment To SMEs appeared first on Bitcoinist.com.
Bitcoinist

SoundVault joins Bitfury’s blockchain powered music copyright ecosystem

SoundVault joins Bitfury’s blockchain powered music copyright ecosystem - CryptoNinjas Bitfury, the full-service blockchain technology company, today announced that Bitfury Surround, a fully interoperable digital ecosystem for sharing and monetizing copyrights, has its first strategic partnership with the addition of SoundVault. SoundVault will integrate its technology and services exclusively into the Surround ecosystem when it launches in 2020. SoundVault’s end to end technology for licensing, […] SoundVault joins Bitfury’s blockchain powered music copyright ecosystem - CryptoNinjas
CryptoNinjas

Bitfury’s Crystal Blockchain Analytics Releases International Bitcoin Report

Crystal Blockchain Analytics, a spin-off of the Bitfury Group, has released a report covering the international flow of bitcoin, in light of the new Financial Action Task Force (FATF) guidelines on the global crypto space.  Crystal released this report on September 9, 2019, intending to produce a formal record of the sort of international bitcoin transfers that the new FATF regulations are intended to more closely monitor. The record of their data collection goes back to 2013, and has revealed a number of interesting facts about the dynamic nature of the crypto space. In particular, the tracking from 2013 paints an interesting picture about the relative prominence of countries in the G20 over the years. Specifically, nations with smaller economies have been taking up a larger and larger percentage of all international crypto transactions, especially since exchanges registered in China have shut down operations almost completely since 2017. Even with several countries holding a powerfully disproportionate number of exchanges, with the United Kingdom operating nearly as many as the rest of the European Union put together, the traffic from other nations’ exchanges is growing rapidly. The report warns, however, that this trend may change in several ways as the FATF regulations are implemented. Currently, it claims that “nearly 10 percent of all exchanges surveyed do not have countries of registration.” The report predicts that this number will plummet as the FATF begins to formally crack down on exchanges that do not have an official registration or license to operate. Although there is not a stable trend to the growth of these unregistered exchanges, their prominence had been rising before these regulations were passed. The report does claim, admittedly, that these measures are likely to reduce global financial crimes. Since the FATF regulations were passed and gained the support of the G20, they have signaled a significant future impact on the crypto space as a whole. In addition to raising concerns about the feasibility of the anonymous model of Bitcoin as a whole, various companies have already begun exploring possible solutions to maintain compliance while protecting user privacy as much as possible. Crystal Blockchain Analytics ran this survey entirely using their own proprietary software, and hopes to be able to offer complex monitoring tools to see the immediate impact of these new regulations on the space and on international crypto commerce altogether. The post Bitfury’s Crystal Blockchain Analytics Releases International Bitcoin Report appeared first on Bitcoin Magazine.
Bitcoin Magazine

BTC Exchange PrimeXBT To Use Bitfury’s Crystal Compliance Software For AML Monitoring

PrimeXBT a Bitcoin exchange platform recently sent out a press release indicating that they had entered into a partnership with Bitfury, a blockchain development company. The partnership between the two companies is meant to ensure that the exchange is compliant with industry standards and regulations. The press release which was published on Monday, September 9th […]
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PrimeXBT Partners with Bitfury's Crystal to Advance AML Compliance

VICTORIA, Seychelles, Sept. 9, 2019 /PRNewswire/ -- PrimeXBT, a bitcoin-based margin trading platform, has announced it will be using the Crystal™ platform, Bitfury Group's blockchain analytics and crypto compliance software, Crystal™, for advanced anti-money laundering/counter-terrorism financing monitoring and increased client security. PrimeXBT is dedicated to offering its clients the best features for traders across any financial market, including advanced order types, long and short positions, a full-scale peer-to-peer fund management module, and more. PrimeXBT also takes its responsibilities as a member of the global financial market very seriously. These key issues include providing a fair-trading environment, keeping user's data, assets, and privacy secure, and adhering to global anti-money laundering (AML) and counter-terrorism funding (CTF) guidelines. Emerging technologies behind cryptocurrency and blockchain pose a unique opportunity for companies like PrimeXBT. The Crystal analytics tools will strengthen PrimeXBT's AML and CTF-related due diligence, ensuring all procedures comply with global regulations. Developed by a team of world-class analysts and award-winning mathematicians, the Crystal software will assist PrimeXBT in promoting a safer financial community. Full story available on Benzinga.com
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Bakkt Launches Futures Contracts, Bitcoin Price Falls

Bakkt, a subsidiary of New York Stock Exchange owner Intercontinental Exchange Inc (NYSE: ICE), launched its long-awaited physically backed Bitcoin futures Monday.  The first Bakkt/ICE futures contract changed hands at $10,115 and the number of contracts in the first hour stood at just five total, CoinDesk reported. It's widely belived in the ...Full story available on Benzinga.com
Benzinga

Late Bloomer: Why Bakkt’s Slow Start Is No Surprise

Bakkt has finally opened its platform for physically-delivered Bitcoin futures, but the response has been underwhelming. Nearly a year after the owners of the New York Stock Exchange announced their foray into cryptocurrency, markets responded to the new institutional trading venue with another 1.8% price drop. First announced last August, the long-delayed launch “was an important step toward bringing trusted infrastructure to digital assets,” wrote CEO Kelly Loeffler. The physically-settled futures platform is expected to provide a crucial infrastructure for institutional trading in cryptocurrencies. But some pundits have expressed disappointment at today’s volumes. Four hours before the market closes, only $550,000 worth of BTC futures have exchanged hands. One well-known cryptocurrency analyst described volumes as “not great,” while CoinDesk said trading on Bakkt was off to a “slow start.”   Source: Bakkt   At face value, these low volumes might suggest that institutional investors aren’t very interested in cryptocurrencies. Based on today’s activity, Bakkt volumes are unlikely to rival the futures product from CME Group, which traded $470M in its first week. But there’s an important distinction. CME’s futures are all cash-settled, meaning that all the trading is done in fiat currencies. The underlying asset may be Bitcoin, but at no point does either side have to actually hold it. From a legal perspective, that makes CME futures much simpler for institutional investors, making them no different from a similar future in wheat, maize or gold. In contrast, Bakkt’s futures are all physically delivered, meaning that the underlying assets have to be transferred on a specified date. Institutional investors have to take custody of actual bitcoins, with a lot more hoops to jump. In order to regularly trade in Bakkt bitcoin futures, institutional investors will have to consult specialized legal counsel, acquire new insurance policies, and possibly update their investors, as well as find a custodian to for the digital asset. “[S]ome of [Bakkt’s] largest prospective clients still don’t have permission to trade physically-delivered futures contracts,” wrote analysts at BeQuant Exchange in a note. “As such, [the] build it and they will come mantra may not necessarily result in an influx of new, hot money, at least not right away.” It’s hard to know what the big institutional investors were thinking when Bakkt opened up shop for the first time. But, given the fact that the platform is dealing with a volatile asset class, which has a nebulous regulatory status, it’s no surprise that many high rollers are playing wait-and-see. If there’s one lesson to be learned from Bakkt’s trading today, it’s that the cryptocurrency space still has a tendency towards overblown expectations.  Institutional investors were never going to dive headfirst into an unfamiliar asset. A cautious start to Bakkt’s futures today is a good sign, indicating that the majority of investors are still playing it safe.   The post Late Bloomer: Why Bakkt’s Slow Start Is No Surprise appeared first on Crypto Briefing.
CryptoBriefing

Bakkt’s Bitcoin Futures Goes Live: Should You be Excited?

Over the past few years, the Bitcoin futures ecosystem has grown at a remarkable pace, and it is something that is surely going to stay for years to come. Initially, these futures contracts had been launched by a handful of exchanges, but over the past year or so, the number has increased considerably. Futures Trade In a development that will come as another massive boost to the Bitcoin and cryptocurrency ecosystem, the New York Stock Exchange’s owners, ICE, through its crypto exchange Bakkt has decided to launch futures contracts that will pay out traders in Bitcoins. ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking

Binance recently announced the listing of Tezos with pairs of Bitcoin(BTC), Tether(USDT) and Binance Coin(BNB).  Will Binance Enable Tezos Staking? As Per a recent tweet by Binance, it has listed Tezos and it can be paired with USDT, BTC, and BNB. Following the announcement, users can start depositing Tezos on their accounts, while the launch of trading is scheduled for the 24th of September. Source- Twitter CZ then further created hype by asking the community that did they not what was coming next. A user suggested that does the move imply Tezos staking. While CZ didn’t give a definite answer, he expressed his excitement with a “happy” emoji.  Source- Twitter The Tezos official website defines Tezos as,  “ Tezos is a self-amending blockchain that can evolve by upgrading itself, with stakeholders being able to vote on amendments to the protocol, including amendments to the voting procedure itself.” Binance. US Opens Doors for Cardano, Ethereum Classic and Stellar  Today, Binance.US opened deposits for Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX). Trading for these coins will begin on September 25, 2019, at 9:00 AM EST /6:00 AM PST. The announcement further mentions that the coins are temporarily only available for deposits and withdrawals will not be enabled until trading is live. Source- Twitter Also, Binance.US will commence trading on September 24, 2019 at 9:00am EST / 6:00am PST. The launch will see Binance.US list Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and Tether (USDT). These coins will be available for trading across 13 fiat-to-crypto and crypto-to-crypto trading pairs.  Source- Twitter Binance Announces 6th Phase of Lending Products In yet another update, Binance announced its 6th phase of lending products. The launch will take place on the 25th of September. In the sixth phase of Binance’s lending initiative, users will be able to lend Binance Coin(BNB), Bitcoin(BTC), EOS, Ethereum Classic(ETC), Ethereum(ETH), ChainLink(LINK), Tether(USDT) and Ripple(XRP) to earn interests payable from Sep. 25 to Oct. 09.  Traders are in for huge benefit as Binance. US enables trading. Will Binance continue to keep the crypto community happy with its developments? Let us know, what you think? The post Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking appeared first on Coingape.
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Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink

YouTube star Nicholas Merten is a fan of crypto, but like everyone else, he’s noticed the gradual downplay of bitcoin as of late. Once again, bitcoin has dropped below the $10,000 mark and is trading for just over $9,800. While this isn’t a major fall, the currency seems to have wavered between this mark and $10,200 over the past month. Merten: Altcoins Are Making a Comeback Merten isn’t concerned by this. In fact, he’s looking to use the situation to his advantage, and advises others to do the same. As the host of YouTube’s “Data Dash,” arguably one of the most popular cryptocurrency channels on the streaming and video site, Merten claims that there are three specific cryptocurrencies that are likely to shoot up now that bitcoin is wavering if people are looking to invest. Those cryptocurrencies are Basic Attention Token (BAT), Raven Coin (RVN), and Chain Link (LINK). In a recent interview, he states that these three tokens are likely to grow heavily over the next 12 months, explaining:  At the current moment, looking at [bitcoin] market dominance, it does look like we’re starting to enter into a trend shift where altcoins can start to gain as we retest back towards bitcoin’s high of $20,000. The last two [altcoin cycles] that we had were at the end of the overall bitcoin cycle where bitcoin reached $20,000. The first one happened at the beginning of 2017 when bitcoin retested its high at $1,100. For the most part, altcoins have had a relatively rough year in 2019. Bitcoin on the other hand, has experienced steady growth since April, doubling its price since then from $5,000 to about $10,000. While many have focused on bitcoin as of late, Merten says he’s starting to see funds travel into smaller, competing coins. He says:  As bitcoin does increase over time, as we tend to see a general growth in bitcoin’s price, we tend to see more risk taking in different types of digital assets. As more liquidity has entered bitcoin, you have the ability now, through exchanges, for that liquidity to exit into other alternative investments. Sometimes, that can be rampant speculation, and in other cases, it can be driven through fundamentals. I believe this time around, in this cycle, we’re going to see more going toward fundamental developed projects that actually have real demand.  Why These Three and Not Others? Chain Link is big in that it’s joined software company Oracle to help blockchains connect with outside networks. Raven Coin is significant because it allows developers to establish their own tokens, while BAT is moving forward in that it is attached to the Brave browser, which seeks to block advertisements and trackers from following one’s searches and online activity. Merten is confident BAT will be very important in the field of privacy. The post Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink appeared first on Live Bitcoin News.
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