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Rundowns

MiningStore’s Weekly Rundown #9

27 AUGUST 2019 NO VACANCY ON THE ETHEREUM BLOCKCHAIN Vitalik Buterin, the co-founder of Ethereum has said that the Ethereum blockchain is almost full and that its scalability is a big bottleneck. He stated that: “If you’re a bigger organization, the calculus is that if we join, it will not only be more full but we will be competing with everyone for transaction space. It’s already expensive and it will be even five times more expensive because of...
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MiningStore’s Weekly Rundown #8

20 AUGUST 2019 GUESS WHOS BAKKT, BAKKT AGAIN Partnering with ICE Futures US and ICE Clear US, Bakkt have finally been cleared for launch by the CFTC. On September 23rd this year, Bakkt will bring the investment community a custodially held and physically settled platform which could in turn act as a significant catalyst for Bitcoin price appreciation. As a point of comparison, when cash-settled Bitcoin contracts were first introduced in early 2018 we saw the price of...
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MiningStore’s Weekly Rundown #7

9 AUGUST 2019 FEDERAL RESERVE BUILDING ON BLOCKCHAIN? The US Federal Reserve Board has announced it will create a service called FedNowSM, a payment network “…intended to advance public policy goals for faster payments and to help support the modernization of the nation’s payment capabilities”. While the announcement doesn’t specifically reference partners or blockchain, they do mention they’ve been working with fintech companies and hope to achieve 24x7x365 near-instant credit transfers up to $25,000 USD. A lot of...
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MiningStore’s Weekly Rundown #6

2 AUGUST 2019 IS FACEBOOK BACKING OUT OF LIBRA? Libra has had a less than ideal first few weeks in the spotlight. US Congress has made it abundantly clear that anything other than regulatory perfection from Calibra and Facebook would end with fines and legal proceedings. CNBC reported this week that Facebook admit the launch of Libra in 2020 is no certainty, and in fact may or may not be made available. CNBC reported Facebook as stating: “…market...
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MiningStore’s Weekly Rundown #5

26 JULY 2019 BitMEX AND DR DOOM Earlier this week, US economist Nouriel Roubini aka Dr Doom (who was once described as a ‘Bitcoin sadist’), criticised Seychelles-based BitMEX for violating strict US regulations which prevent American citizens from trading on their platform. Roubini went so far as to accuse the platform of aiding in money laundering and referred to BitMEX CEO Arthur Hayes as a “thug”. This news alone probably wouldn’t have afforded too much attention, but it...
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MiningStore’s Weekly Rundown 19/07/2019

TRUMP TWEETS Last week, bitcoin and cryptocurrency were thrust into the Twittersphere spotlight once again but this time thanks to Donald Trump who tweeted the below from his personal account. This is the first time a sitting American President has referenced publicly or even acknowledged cryptocurrency. It seems the news of Libra has unsettled the President as this came just about a month after Libra’s whitepaper release. Just after these tweets came out, the Bitcoin price did start...
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