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Crypto news in brief (August 8, 2018): Bitmain, ICE, Bakkt, Coinbase, Russia

August 8, 2018 By Crypto Reporter

– Bitmain will build blockchain data center and cryptocurrency mining facility in Texas
– Intercontinental Exchange (ICE) plans to launch a trading platform for digital assets
– Coinbase has launched a program that allows accepting BTC, BCH, ETH and LTC at multiple web stores across the globe
– 44% of Russians have heard of cryptocurrencies, and 13% claim to have a good understanding of them


Bitmain will build blockchain data center and cryptocurrency mining facility in Rockdale, Texas. The official announcement notes that Bitmain expects to bring in 400 local jobs in the first two years, quoting $500 million as the total investment into the economy over an initial period of seven years.

***

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that it plans to launch a new company Bakkt, which will implement Microsoft cloud solutions to create a trading platform for digital assets.

***

Dozens of organized trading groups are manipulating the price of cryptocurrencies using services such as Telegram, generating at least $825 million in trading activity over the past six months — and hundreds of millions in losses for those caught on the wrong side, according to a Wall Street Journal analysis.

***

Coinbase, a major US crypto exchange, has launched a program that allows accepting Bitcoin, Bitcoin Cash, Ethereum and Litecoin at multiple web stores across the globe.

***

44% of Russians have heard of cryptocurrencies, and 13% claim to have a good understanding of them, reveals survey conducted by research holding Romir.

More news:

  • Bakkt partners with Google to make crypto payments more accessible
    Bakkt partners with Google to make crypto payments more accessible
    October 11, 2021
  • Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    July 26, 2022
  • BlackRock partners with Coinbase to offer clients access to crypto
    BlackRock partners with Coinbase to offer clients access to crypto
    August 12, 2022
  • UAE is set to welcome crypto licensing 
    UAE is set to welcome crypto licensing 
    February 26, 2022
  • PayPal to launch its own crypto wallet 
    PayPal to launch its own crypto wallet 
    August 4, 2021
  • India to tax crypto and NFTs profits at 30%
    India to tax crypto and NFTs profits at 30%
    February 2, 2022

Filed Under: General News, News Tagged With: Bakkt, Bitmain, Coinbase, cryptocurrency, exchange, exchanges, ICE, news, news in brief, Russia

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