#CryptoCorner: Riot #Blockchain (NasdaqCM: $RIOT) Announces Co-Location Contract with Coinmint, KuCoin Partners with Digital Bits for New Kind of OTC Desk
Point Roberts, WA, Delta BC, April 15, 2020 - 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: (NasdaqGS:FB) (NasdaqCM:RIOT) (TWSE:2498)
Dapper Labs, perhaps best known as the creator of blockchain trading game CryptoKitties, has partnered with Facebook’s (NasdaqGS:FB) Libra stablecoin project to share proprietary technology, according to a report from Cointelegraph. Dieter Shirley, CTO of Dapper Labs, told the site that the company’s “Flow blockchain will adopt Libra’s Move as it’s virtual machine (VM), while Libra will utilize Dapper’s smart contract programming language Cadence in a technology-sharing partnership.” Shirley went on to explain how the two companies’ technologies dovetail:
“The Libra team started with performance optimization, [however,] knew that eventually they were going to need an ergonomic syntax that was easy to understand but were going to do that second. We knew that we were going to need a highly efficient runtime with a low-level, highly optimized VM. But we were going to do that second. And so we've each done the other's second-half.”
Riot Blockchain, Inc. (NasdaqCM:RIOT) has announced a co-location mining services contract with digital currency data centers operator Coinmint, LLC. According to the press release, “Riot believes the hosting arrangement can positively impact its power costs, the Oklahoma City facility's heat and environmental operating issues, and provide a path to diversify its mining operations.” Some of Riot’s recently purchased Bitmain Antminer S17s will be relocated “to Coinmint's Massena, New York facility for initial operational, security, and reporting controls testing and verification.”
CoinDesk reports that Singapore-based crypto exchange KuCoin has partnered with protocol layer blockchain DigitalBits for a new kind of OTC desk. Called an Enterprise Currency Desk (ECD), the project “is tailored toward companies looking to venture into blockchain technology and decentralized finance (DeFi) by providing bespoke solutions for the acquisition of digital assets,” according to the report. An excerpt from the company’s press release reads:
A designated service to address token procurement and liquidity will allow companies to easily engage in blockchain-based solutions, without having to employ experienced traders to obtain and utilize large amounts of tokens.
On the last Crypto Corner (Episode 388) we covered news that Taiwanese electronics giant HTC (TWSE:2498) had introduced a crypto mining feature to its Exodus blockchain mobile phone. Since the news dropped, Vitalik Buterin, co-founder of Ethereum (ETH), tweeted:
Mining on phones is a fool's game. Goes against everything we know about hardware economies of scale and more likely to trick users with false hope than help them.
Sam Mowers, Investorideas
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