#CryptoCorner: Bitmain Announces Two New Miner Models, Bakkt: (NYSE: $ICE) Insures Deposits with $125 Million Policy, Catalonia Reveals #Blockchain ID System
Point Roberts, WA, Delta BC, September 9, 2019 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .
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Stocks discussed: (NYSE:ICE) (KSE:066570) (KSE:005930)
Crypto mining giant Bitmain announced the launch of two new miners in a recent blog post. The Antminer S17e and Antminer T17e will feature improvements to hash rate and power efficiency, aimed at more long-term stability and reduced maintenance costs. Additionally, the two new models are “equipped with a more secure software system to prevent malicious attacks”. The blog post reveals that if the miners “are not shipped after a certain period of the specified delivery date, Bitmain will compensate customers by coupons for each day of delay, based on PPS rewards of the mining pool (electricity cost deducted)”.
A recent tweet from Bakkt, the crypto exchange/platform owned by Intercontinental Exchange (NYSE:ICE), reveals that its Bakkt Warehouse component is active for futures trading. The tweet also states that the firm is protecting Bitcoin (BTC) deposits with a $125 million USD insurance policy. An earlier tweet from the firm revealed that it would begin accepting deposits on September 6, with futures trading starting on September 23.
The government of Spain’s Catalonia region has revealed plans for a new blockchain-based identity system, according to local outlet VilaWeb. The project is called IdentiCAT and will give citizens access to services and benefits via a mobile application. It was announced by Catalonia President Quim Torram, who commented:
“Now it's time to lead the digital revolution. We speak of an entrepreneurial society that is attentive to social innovations and innovations. The aim of this government is to put people at the center of their policies, also the digital ones.”
Jordi Puigneró, Minister of Digital Policies and Administration, claimed that the technology would not be used by the government to identify citizens.
South Korean outlet Chosun reports that LG (KSE:066570) plans to release a blockchain phone as a response to rival electronics giant Samsung (KSE:005930), which itself is releasing the Klaytn smartphone with a crypto wallet. According to an unnamed industry official cited in the piece:
LG Electronics has completed the market research of D-App and blockchain companies. Shortly after Samsung released its cryptocurrency wallet app 'Blockchain Keystore', LG officials met with several domestic DApp developers, he explained. He added that he knew that he had been told what a specific DApp would do before it was loaded.
Sam Mowers, Investorideas
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