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IPO PAYOUT? Blockstack is evaluating how to issue new tokens for miners. Trouble is, the firm’s treating its STX tokens as securities in the U.S., so a legal framework is needed, said CEO Muneeb Ali. As such, the issuance poses problems, like miners needing to be accredited investors, but one solution could be an IPO. Full story
PRIVACY PRODUCT: Decentralized virtual private network (VPN) provider Orchid will debut its app, network and token (OXT) during the first week of December. “The thing we’re most excited about now is to be launching one of the first really consumer-facing experiences where the use of this native token is essential for the operation of the application,” Orchid CEO Seven Waterhouse said. Full story
MEGA MINE: Rockdale, Texas, site of an old Alcoa plant, is getting a second massive bitcoin mine. The venture aims for 300 megawatts capacity and to expand to 1 gigawatt by the end of next year. That will dwarf rival Bitmain’s biggest mining facility, which may expand from 25 MW to a max of 300 MW. Full story
AHEAD OF THE CURV: Franklin Templeton Investments, which is looking to track shares of a money market fund on the Stellar blockchain, has tapped wallet service provider Curv to help safeguard its shares. Curv – which seeks to remove the need for private keys – will help Franklin Templeton build the transaction signing and management system for its fund. Full story
NEW MARKET: Binance acquired the Mumbai-based crypto-to-crypto WazirX trading platform. Having launched Indian rupees on its Binance Fiat Gateway in recent weeks, the exchange says users of WazirX will soon be able to buy the tether stablecoin with rupees via WazirX and use them to trade crypto – a move that gets around the country’s banking ban. Full story |
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| BEARISH PRESSURE: Bitcoin is looking south with intraday charts reporting a bearish continuation pattern and momentum indicators signaling a strengthening of the bearish mood. The cryptocurrency dropped below a key moving average support of $7,714 to $7,624 during Western trading hours. A strong bounce from there, if any, would weaken bearish pressures. That said, a move above $8,621 is needed for bullish reversal. Full story |
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| | IN-GAME, ON-CHAIN: Ubisoft tapped crypto startup Ultra to validate transactions on its blockchain for players, reports Venture Beat. “We’re on a mission to shake up the gaming industry by placing power back into the hands of developers and players,” said Nicolas Gilot, co-CEO of Ultra. Block producers will validate in-game asset creation, ownership transfers between players, or payments, making game-play and distribution more efficient. |
WHO WON #CRYPTOTWITTER
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