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Crypto news in brief (August 29): China, Triple-1, SEC, Associated Press, Civil, Coinbase, blockchain courses

August 29, 2018 By Crypto Reporter

– Chinese regulators issued a warning for investors on illegal fundraising and trading connected with blockchain and cryptocurrency
– Japanese company Triple-1 is developing 7nm bitcoin mining chips, known as “Kamikaze”
– After turning down applications to list nine bitcoin-ETFs SEC promised to reconsider its decision in the future
– The Associated Press (AP) news agency and The Civil Media Company will collaborate on blockchain-based content licensing
– 42% of the world’s top 50 universities have at least one class on blockchain or cryptocurrency

Chinese regulators issued a warning for investors on illegal fundraising and trading connected with blockchain and cryptocurrency. They call on citizens to stay back from any ICOs (initial coin offerings) or IFOs (initial fork offerings).

***

Japanese company Triple-1 is developing 7nm bitcoin mining chips, known as “Kamikaze”. They are scheduled to go on sale at the end of November 2018.

The power efficiency of Triple-1’s 7nm chip is listed at 0.05W/GH, which the company claims, reduces power consumption by at least 50 percent over a conventional 16nm chip.

***

After turning down applications to list nine bitcoin-ETFs The U.S. Securities and Exchange Commission (SEC) promised to reconsider its decision in the future in accordance with its own rules and procedures

***

The Associated Press (AP) news agency and The Civil Media Company, a blockchain startup developing technology for tracking ownership rights and content usage in the journalism industry, will collaborate on blockchain-based content licensing.

***

A recent study by Coinbase has shown that 42% of the world’s top 50 universities have at least one class on blockchain or cryptocurrency. Universities want to meet rising demand for such courses and also because they now see cryptocurrency as an area worthy of serious academic study.

Blockchain-related courses enjoy the most popularity at the Stanford and Cornell universities – they have 10 and 9 courses of such kind respectively.

***

Ant Financial, Alibaba’s payment service arm, will start collaborating with Chinese authorities to foil cryptocurrency trade via its app Alipay. User accounts will be thoroughly checked, reports Beijing News.

Filed Under: General News, News Tagged With: Ant Financial, Associated Press, bitcoin, China, cryptocurrency, ETF, mining, news, news in brief, regulations, SEC, Triple-1

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