The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining as a Service (MaaS) operation will be using if generated purely from hydroelectricity. Besides installing a power substation purely for its needs, DMG has also had to build a road to the facility. Continue reading Major Bitcoin Mining Farm Goes Live in Canada
Great Lakes Science Center, a large museum and educational facility in downtown Cleveland, Ohio, will begin accepting Bitcoin as a payment method beginning November 13. Kirsten Ellenbogen, the CEO of Great Lakes Science Center, said that the institution decided to accept crypto to facilitate the growth of the local blockchain ecosystem. Continue reading Major US Museum Now Takes Crypto Payments
Anti-government activists in Thailand are using crypto tech to help prevent authorities from censoring “Rap Against Dictatorship,” a controversial music video that has gone viral in the country. The video, which excoriates Thai government and military authorities on a number of social issues, has achieved runaway success in Thailand, amassing more than 28 million views on YouTube since it was released on October 22. Continue reading Activists Use Crypto to Protect ‘Rap Against Dictatorship’ from Government Censorship
Two European and one Japanese bank one have completed the first blockchain-based syndicated loan.
Together with France’s BNP Paribas and Japan’s Mitsubishi UFJ Financial Group, Spain’s banking behemoth BBVA utilized a private blockchain network in arranging a syndicated loan amounting to US$150 million for grid operator Red Electrica. Initially reported by the Financial Times, legal advisers were also granted access to the private blockchain network allowing instant exchange of information among all the parties to the deal. Continue reading BBVA and Co-Lenders Complete $150 Million Syndicated Loan on a Blockchain