Posted on Dec. 10, 2018 | By Bhushan Akolkar
The development center of Bitmain in Israel was forced to close down operations amidst the ongoing meltdown in the crypto market. The recent cryptocurrency market crash and Bitcoin price slump has severely hit the businesses of mining firms across the globe, and the story of Chinese Bitcoin mining giant Bitmain is no different. Amidst the crypto market slowdown Bitmain has finally considered to shut down its operations in Israel, reports local business publication Globes.
Posted on Dec. 10, 2018 | By Elvira Rogers
A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were recently reported by local news outlet Express.co.uk. The article reports that Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, described himself as a “crypto enthusiast with amateur knowledge.” He also notes that blockchain gets a lot of attention and members of the parliament “have a duty to understand it.”
Posted on Dec. 9, 2018 | By Bhushan Akolkar
Helio lends funds to its customers against four popular digital currencies as collaterals, with a minimum loan amount of 1000 AUD to a maximum of 5 million AUD. Melbourne-based lending firm Helio has announced that it will provide short-terms loans backed by cryptocurrencies. This announcement comes just at a time when the cryptocurrency market is currently at the lowest point for 2018.