Riot Blockchain Plans Sale of Crypto Exchange as It Invests More Millions in Bitcoin Mining – CoinDesk

Nasdaq-listed Riot Blockchain plans to sell its cryptocurrency exchange RiotX while doubling down on its bitcoin mining businesses.  In an announcement on Thursday, the company said it is considering opportunities to divest itself of the limited assets associated with the exchange, launched in early 2018, due to the regulatory environment, security risks and competition from […]

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Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist – CoinDesk

Speculation creates congestion on the blockchain that harms a cryptocurrency’s utility and overall value, a senior economist at the Bank of England (BoE) has said. Peter Zimmerman, who has been a senior economist at the U.K. central bank since 2007, argued in a working paper published Friday that speculation undermines the effectiveness of cryptocurrencies to […]

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BitPay Launches In-Store Crypto Payments With New POS Partnership – CoinDesk

Blockchain payments provider BitPay is now taking its service into bricks-and-mortar stores. Through a new partnership announced Tuesday, the firm will be offering cryptocurrency payments at merchants’ point-of-sale (POS) terminals. The effort comes via BitPay’s new tie-up with open commerce platform Poynt, which the announcement says already has a network of POS devices online at […]

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Chinese Insurers Tap Blockchain to Speed Coronavirus Payouts – CoinDesk

Blockchain technology is reportedly helping to streamline medical paperwork processing for insurance service providers as global coronavirus containment efforts continue. Leveraging blockchain’s ability to process information transparently and efficiently, insurance service providers are relying on the technology to speed claims payouts in over 27 coronavirus affected Chinese cities, as well as Hong Kong, according to […]

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