Tag Archives: blockchain

100M Investment In Cardano

EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption

By Best Owie– September 28, 2021 in Cardano Reading Time: 2 min read

Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability. Developers have been working since the Alonzo hard fork to bring their DeFi solutions to the ecosystem. But with decentralized finance already underway on blockchains such as Ethereum and Solana, Cardano has had to play catch-up with these other networks.

This is why the recent announcement from EMURGO carries significant connotations for the future of DeFi on the network. EMURGO, which is the commercial arm of the Cardano Foundation, has made moves to help further the growth of decentralized finance solutions on the ecosystem. A $100 million investment is set to be made into the DeFi ecosystem in a big to promote the development and growth of the platform.

Pushing DeFi To The Forefront

The $100 million investment in the ecosystem is meant to go towards promoting the network’s capabilities to developers and uses. Although NFTs are now live on the blockchain, decentralized finance is taking a long time as developers need to build and test their protocols before rolling them out to users. Thus making sure that users’ funds in said protocols are safe.

DeFi on the network will bring things such as lending and borrowing, yield farming, and more to the ecosystem users, which are built on the smart contracts deployed on the Cardano network. The investment will hopefully help the blockchain carve out a niche for itself in the growing decentralized finance market. Also enabling it to compete with the big dogs such as Ethereum, Solana, and Algorand.

EMURGO Bolsters Cardano-Focused Projects

During the recently concluded Cardano Summit, EMURGO unveiled a number of investments made into Cardano-focused projects around the world. CEO Ken Kodama shared that the company had made strategic investments into projects being developed on the ecosystem. EMURGO participated in seed investments rounds on these projects. To bolster development on the blockchain.


ADA trends low at $2.04 | Source: ADAUSD on TradingView.com

These include Adanian, a tech incubator based in Africa that is focused on startups building on Cardano. Milkomeda, a dcSpark side chain project that bridges Cardano and other Layer 1 blockchain protocols benefitted from EMURGO’s investments. And last but not least, ADAVERSE, also focused on incurring African startups developing their offerings on the ecosystem.

Featured image from The Coin Republic, chart from TradingView.com

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The original article was written by Best Owie and posted on NewsBTC.com.

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Portal Secures 85 Million Funding

Portal Secures $8.5 Million Funding To Further Advance Its DeFi Platform

By PR Desk – September 21, 2021

Portal, a self-hosted layer-two wallet and true cross-chain decentralized exchange (DEX) on Bitcoin, has announced the completion of an $8.5 million investment round.

Participants in the funding round included Coinbase Ventures, Arrington XRP Capital, OKEx, Shima Ventures, Republic.co, LD Capital, GenBlock, Monday Capital, Taureon, Krypital, Autonomy Capital, and B21 Capital. Senior executives and founders of the following also took part: Ethereum, DFINITY, MobileCoin, Tether (USDT), Galaxy Digital, Bitcoin.com, Republic, Centre.io, Polymath, Æternity, Hedera Hashgraph, Blockstream, Reef Finance, GlobeDX, FIO, Portion, and 4K.

Michael Arrington, the founder of ArringtonXRP and TechCrunch, said:

“Decentralized cross-chain bridging is one of the hardest problems in crypto right now, especially as multiple blockchains gain real traction. We’re excited to see Portal’s Bitcoin-native approach to multichain transfers go live and provide an alternative bridging mechanism to the growing number of active on-chain users.”

Notably, Portal is a DeFi platform built on Bitcoin. Portal fastens and secures anonymous and zero-knowledge atomic swaps between Bitcoin and other digital assets. The platform also has the liquidity grade of centralized platforms with the non-custodial benefits of Bitcoin. With its sports markets, options, Peer peer (P2P) lending, and borrowing, all of which utilize P2P contracts, Portal brings DeFi to Bitcoin natively. The latest funding will be used in developing a self-governing and censorship-resistant DeFi on Bitcoin.

Both Layer-two and layer-three technology power Portal and are known as Fabric. The technologies enable deploying of censorship-proof layers atop the Bitcoin base layer. This facilitates private execution of smart contracts off-chain for P2P swaps, asset issuance, liquidity, staking, and derivatives among others.

Notably, Portal utilizes Bitcoin’s “hash time-locked contracts” to ensure users retain full control of funds to be traded, thereby eliminating counterparty risk and the risk of loss of funds. The platform also incentivizes private self-interested parties to become transaction intermediaries between mutually untrusting peers, while maintaining security.

According to Portal’s CEO Eric Martindale, the platform is delivering its promise of self-sovereignty to all. Bitcoin’s privacy, which is what Fabric upholds, has long been threatened by centralized exchanges, custodial wrapped tokens, false DEXs, and censorable ecosystems, he added.

Additionally, Martindale stated that Portal chose to build on Bitcoin since it believes the network provides the infrastructure on which the censorship-resistant internet of the future will be built. In the future, Portal plans to venture into P2P communications, social media, and financial transactions, he added.

More short-term goals include Portal’s public token sale on Repubic.co launchpad scheduled to take place in October.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by PR Desk and posted on ZyCrypto.com.

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Arsenal FC Joins Blockchain Platform

Arsenal F.C. Joins Blockchain Platform Socios.com To Launch Fan Token

By RTTNews Staff Writer | Published: 7/20/2021 10:30 AM ET

English Premier League club Arsenal F.C. has joined the blockchain platform Socios.com to launch their Official Fan Token ($AFC) to create a more engaging fan experience for their global fanbase. $AFC Fan Token holders will have the chance to influence the club in a series of interactive polls across a variety of decisions every season.

Arsenal F.C. has inked a deal to this effect with Socios.com, which is powered by Malta-based esports voting platform ChiliZ. Socios.com will become a digital meeting place for Arsenal supporters across the world, allowing them to become part of a vibrant digital community.

Socios.com is a direct-to-consumer (D2C) platform that leverages blockchain technology to provide the world's leading sporting organizations with the tools to engage with their global fanbases.

The $AFC Fan Token will launch soon, with all existing and new My Arsenal Rewards Members having the option to receive a free $AFC Fan Token for a limited time. Fans can join My Arsenal Rewards by visiting arsenal.com/membership.

$AFC Fan Tokens will enable fans to access once-in-a-lifetime experiences and rewards, enjoy exclusive content, games, competitions, chat and to connect with a global community of supporters.

The fan token will go on sale in a Fan Token Offering (FTO) on Socios.com and Chiliz.net, the world's first tokenized sports exchange. The fans can purchase the token directly through their mobile phone via the Socios.com fan engagement app.

The $AFC Fan Token will be tradeable against the Socios.com platform's native token, ChiliZ ($CHZ), with the fans needed to purchase ChiliZ tokens to exchange into Fan Tokens through a process known as a FTO.

The $AFC Fan Tokens can be used by Arsenal fans to access to voting rights in polls, once-in-a-lifetime experiences and rewards, enjoy exclusive content and promotions, AR-enabled features, chat forums, games and competitions on Socios.com.

Arsenal F.C. has become the 41st major sporting organisation to join Socios.com's elite global network.

Some of the other teams on the platform include Spain's La Liga soccer clubs Atlético de Madrid and FC Barcelona as well as European league clubs, France's Paris Saint-Germain, Italy's Juventus and AS Roma as well as UK's West Ham United and Argentina's Club Atlético Independiente.

Fan Tokens for Paris Saint-Germain, Juventus, AS Roma and Galatasaray have already been listed on world-leading crypto exchanges, including Binance. Fan Tokens have generated $150 million for clubs and partners in 2021 alone and look set to become a powerful new revenue stream for the sports industry.

The Fan Token will help expand the teams' global fan engagement strategy and their global audience by bringing fans closer to the team. Meanwhile, Socios is expected to benefit from a wide range of marketing rights including in-stadium, TV and digital exposure.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Anonymous Transactions amp Smart Contract Interactions

Bringing Anonymous Transactions & Smart Contract Interactions to the Ethereum Blockchain with Railgun

By Livine Sanchez – July 3, 2021

Security solutions that exist on the Ethereum blockchain need extremely specialized infrastructure to function outside the Ethereum system. However, these specialized platforms do not have immediate access to dApps, liquidity on Ethereum, or Distributed Exchanges (DEXs). These shortcomings have been around for a while, but not for much longer because Railgun presents a practical solution.

Introducing Railgun

As earlier mentioned, many solutions allow Ethereum blockchain users to interact outside the blockchain. However, very few of these solutions excel at the ease of use and functionality. For instance, they do not cater to internal shielded exchanges within the network; they cannot communicate with smart contracts, among many other problems. Many of the transaction-specific users have to work in the established denomination.

The bottom line is – the earlier generation privacy policies have fallen short of accomplishing the convenience, anonymity, privacy, and flexibility that Railgun guarantees.

Railgun is a smart contract network that applies zk-SNARK privacy to any smart contract interaction or transaction on Ethereum. It allows users to trade, use leverage platform, or add liquidity to any Ethereum dApp without a digital footprint.

How Can Traders Use Railgun?

Railgun allows traders to use stablecoins—the most popular token category—to exchange and complete transactions with the same level of privacy as using cash. Railgun keeps your trades private and anonymous. This privacy is especially useful for traders who do not wish scouts or spies to copy their investments and strategies. Let us explore additional benefits of Railgun to traders below; 

Future of Railgun

Railgun is set to launch its DAO and token “RAIL” on July 3, Saturday, 13:00 UTC. The highly anticipated addition to the DeFi space is set to transform the market for DeFi users. There are also many unique features to anticipate from Railgun in the future.

As soon as Railgun is fully deployed, the team will have community members release web front-ends for people to use Railgun easily. Railgun is decentralized, so it is hosted on the Ethereum network – there are no third-party organizations or server hosts.

Presently, a mobile wallet for iPhone and Android is in the works, and the developer tools for ordinary apps will be launched. The launch of the developer tools spells good news for wallet developers. It means that they can upgrade their apps and install the Railgun feature within a few minutes. Any DEX or wallet app can easily offer its users privacy by adding a “use via Railgun” button.

Lastly, there have been talks of a lending and derivative system. However, the Railgun development team has kept their cards close to their chest about that for now.

Conclusion

With the attractive features already on offer and in the pipeline, Railgun is primed to be a successful addition to the Ethereum network. DeFi users have longed for a solution like Railgun for a long time, and in just a few days, it will be available to everyone that needs it. The same cannot be said for the RAIL token, though. Now would be an excellent time to hold some before it sets off to the moon.

Finally, we’re eagerly waiting for the release of Railgun, and its token RAIL on July 3rd. Follow Railgun on Twitter for the Uniswap link release and to receive all updates and developments.

Learn more here

Website: https://railgun.ch/

Twitter: https://twitter.com/railgun_project

Telegram: https://t.me/Railgunproject

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DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Livine Sanchez and posted on ZyCrypto.com.

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Username-based Crypto Transactions

Blockchain.com introduces username-based crypto transactions

The new integration enables Blockchain.com users to send funds to major wallets by typing a readable domain.


Image courtesy of CoinTelegraph

            JUNE 24, 2021

Major crypto wallet provider Blockchain.com is integrating with Unstoppable Domains to simplify sending crypto funds for its customers.

Unstoppable Domains announced Thursday that it had integrated native support for Blockchain.com, enabling that latter's 32 million verified users to send funds with a username instead of a full-length crypto wallet address.

The initiative aims to remove the risk of human error when sending funds, simplifying transactions between Blockchain.com users and more than 50 other wallets and exchanges supported by Unstoppable Domains, including Coinbase wallet, MyEtherWallet and others.

The integration allows users to send cryptocurrencies like Bitcoin (BTC) and Ether (ETH) using a readable recipient’s domain instead of a 25-to-42-digit alphanumeric wallet address. This way, users will be protected from associated typos or miscopies.

“With our integration with Blockchain.com, an 'invalid address' message will pop up if the address is not linked to a wallet,” Unstoppable Domains founder and CEO Matthew Gould told Cointelegraph.

Gould said that there is no specific character length for a domain wallet address. “We only recommend you pick a domain that’s easy to read and remember. It could be your first and last name, your nickname, the name of your business,” he noted.

Related: Unstoppable Domains’ .crypto websites now available via Brave browser

The news comes amid Unstoppable Domains hitting a major milestone, with the company selling more than one million domain names that are minted as nonfungible tokens (NFTs) on the Ethereum blockchain. Alongside sending and receiving funds, these NFT domains with a .crypto extension are used to create decentralized websites to publish content and access Web3.

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Original article posted on the CoinTelegraph.com site, by Helen Partz.

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Cardano’s Surge in Investment Inflows

Why Cardano Has Seen a Surge in Investment Inflows Over Last Week

By Reynaldo Marquez – May 25, 2021 in Cardano Reading Time: 2min read

Cardano has fallen with the rest of the market but seems more resilient than other assets in the crypto top 10 by market cap. At the time of writing, ADA trades at $1.52 with a 2.8% profit in the daily chart and a 3.9% profit in the 1-hour chart. Over the past month, ADA also records an impressive 36.8% rally.


ADA with small gains in the daily chart. Source: ADAUSDT Tradingview

Bitcoin’s crash was triggered partially by environmental concerns. Expressed by Tesla’s CEO, Elon Musk, it appears to have influenced some investors. According to a report by CoinShares, Cardano-based investment products benefited from this narrative.

Last week, Cardano experienced its largest investment inflows with $10 million in response to “investors actively choosing proof of stake coins based on environmental considerations”, the report claims.

Other than BTC, altcoins saw positive inflows in the same period but generally, Asset Flows have been trending negative for the past two weeks, as shown in the chart below.


Source: CoinShares

Ethereum saw outflows estimated at $12.6 million after a long period with record-high inflows. In 2021, Ethereum based investment products have seen a total of $924 million inflows, according to CoinShares.

Cardano Outperforms Bitcoin Weekly Investment Inflows

Bitcoin was the most impacted by negative asset outflows with 110.9 million. However, the first cryptocurrency by market cap still records $4,130 million in Year-to-Date (YTD) positive flows with 31,597 in assets under management (AUM).


Source: CoinShares

Ripple, Polkadot, Litecoin, and Stellar also saw positive inflows, but only DOT comes close to ADA with $5.5 million. Cardano has the fifth position in YTD positive inflows with $24 million behind Bitcoin, Ethereum, Polkadot ($55 million), and Ripple ($31 million). The report claims the following:

Digital asset investment product saw net outflows for the second consecutive week totalling US$97m, another new record for outflows. (…) it represents a net change in sentiment following increasing regulatory scrutiny and concerns over Bitcoin’s environmental credentials.

This suggests a rise in the persistent bearish sentiment over the crypto market’s performance. Still, CoinShares’ outflow represents only 0.2% of their AUM. This sum is small when compared with the $5.5 billion received YTD.

As reported by newsBTC, Cardano was amongst the most resilient assets during last week’s correction. The debate over Bitcoin’s environmental footprint has extended to the advantages of Proof-of-Work versus Proof-of-Stake consensus algorithm.

Cardano’s inventor, Charles Hoskinson, weighted in and highlighted the benefits of PoS. Hoskinson said that this type of consensus is more energy-efficient and fits the environmental requirements expressed by Musk and others.

In a separate statement, Hoskinson informed the community of IOG’s busy schedule for the next 3 months. The company is preparing to implement Plutus, Cardano’s smart contract platform. Hoskinson said:

We are all gonna work together to get this done, and I hate delays. I hate setbacks, and we’ve done everything in our power to try to de-risk things…All that said, stuff could come up, and it’s important to manage expectations.

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The original article was written by Reynaldo Marquez and posted on NewsBTC.com.

Article reposted on Markethive by Jeffrey Sloe

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1 million ADA wallets

There Are Now A Million Active ADA Wallets On The Cardano Network

By Nick James – May 24, 2021

The Cardano community has yet another reason to feast. The network has finally achieved a critical milestone of 1 million ADA wallets.

It’s not a secret that ADA has been in the headlines of late after the coin gained by huge margins over the past few weeks.


ADAUSD Chart By TradingView (Click image for larger view)

As of now, ADA is trading at $1.5, a comparatively fair value despite having lost roughly 30% of its previous standing over the last week. This is understandable given that the entire crypto market, led by Bitcoin, is currently striving to recuperate from the Elon-Musk-induced fall.

Staking

The exponential increase in the number of ADA wallets on the Cardano network can be attributed to the recent upgrade that introduced smart contract functionality on the network.

Now, ADA holders can join stake pools and earn interest on their investment as they support the network. Right now, about $33.95 billion worth of ADA is held in stake pools across the world. That accounts for 70% of the total ADA coins in existence, and they’re held in roughly 2,500 stake pools.

Charity On Cardano

Even more, around half a billion worth of ADA is earmarked for charity-oriented activities, with any interest gained on the staked ADA to be donated to charity organizations. Cardano has identified over 100 charity organizations that will benefit from this initiative. 

To further declare its commitment to this vision, Cardano is collaborating with NGOs like ‘Save the Children’ to allow the organization to receive donations in ADA without having to convert in fiat first. This means that Cardano users can donate their ADA directly without involving any fiat bases, and that’s a great development.

Close To 2,000 Developers

Evidently, the Cardano network has gained quite a reputation of late, and many developers have flocked in to benefit from the greatly accommodating network.

The Cardano Community estimates that over 1,500 developers have already joined the Plutus Pioneer Program. In fact, some analysts have been quoted saying that a lot of developers will be leaving other blockchains for Cardano.

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DISCLAIMER

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

The original article written by Nick James and posted on ZyCrypto.com.

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IDB Citi Pilot Cross-border Payments To Dominican Republic On Blockchain

IDB, Citi Pilot Cross-border Payments To Dominican Republic On Blockchain

By RTTNews Staff Writer | Published: 4/16/2021 10:38 AM ET

The Inter-American Development Bank (IDB) and Citi Innovation Labs have successfully completed a proof-of-concept (PoC) to make cross-border payments from the U.S. to countries in Latin America and the Caribbean, using blockchain and tokenized money. The platform provided full traceability of the transactions, exchange rates, and fees on blockchain.

The platform used the IDB-backed LACChain Blockchain Network, a public permissioned consortium blockchain, to execute the pilot. LACChain Networks are public and open to any entity in Latin America and the Caribbean.

For this PoC, Citi played the role of the bank holding the funds, the IDBs headquarters in the U.S. played the role of the sender of tokenized dollars and an individual in Dominican Republic played the role of recipient of tokenized Dominican pesos.

Meanwhile, LACChain provided the blockchain infrastructure and developed the back end, the smart contracts and the integrations.

The IDB deposited funds denominated in dollars in a Citi account, which were held, tokenized, and transferred using digital wallets. After being tokenized, these funds were converted to local currency, Dominican pesos, with the exchange rate established by Citi.

The exchange rates, payment status, and fees were traceable and transparent at all times as the transaction could be checked in the LACChain Blockchain.

The pilot demonstrated cross-border payments between entities in different countries that involve currency exchange, using digital money represented by tokens. This type of solution, in addition to its potential for cross-border payments, may have a potential impact on vulnerable groups, enabling enhancements in applications such as remittances.

The IDB Group focuses on improving the lives in the region by financing development projects. It is a leading source of long-term financing for economic, social, and institutional projects in Latin America and the Caribbean.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Cardano Founder Spills The Beans

Cardano Founder Spills The Beans on “Fakeness” of Silicon Valley

By Samuel Wan – April 15, 2021 in Cardano Reading Time: 3min read

Cardano founder Charles Hoskinson said he chose Wyoming to base Input Output Global (IOG), and not Silicon Valley, because of the Valley’s “unhealthy” environment.

The comments dispel the notion that tech firms need Silicon Valley to “make it.” What’s more, his candid account of trying to integrate into that culture delivers a humbling that some say is long overdue.

Silicon Valley Fosters “Unhealthy” Living

Silicon Valley is found in the San Francisco Bay Area’s southern region and acts as a global center for technology and innovation.

It’s home to many established high-tech companies, including Google, Apple, and Adobe, to name a few. As well as thousands of startups looking to benefit from proximity to these giant megacorps. In particular, the venture capital money that’s flush in the region.

“In 2020, $156.2 billion of venture capital was raised in the U.S., PitchBook reports. Of the total, 22.7% of the dealmaking occurred in the Bay Area, and 39.4% of deal value was invested in Bay area-headquartered companies.”

Having said that, Silicon Valley, and the VC industry, have not been immune to the panic situation. A report by Pitchbook on the VC outlook for 2021 states the Bay area’s share of total VC count will fall below 20% for the first time in history.

Add to that the rise in remote working and the subsequent exodus from the high cost of living cities, and there are fewer reasons why tech firms would want to set up base in Silicon Valley.

When asked why IOG, formerly IOHK, didn’t locate in Silicon Valley, Hoskinson said he felt the pull when starting as an entrepreneur. But having spent a week there integrating into the culture, his experience was far from positive.

“… What I saw over eight years ago was a very, for the lack of a better term, unhealthy environment. There was copious drug use, a lot of people were sleep-deprived. And there was this endless desire to be something. And most of the people I met were so thoroughly fake, there was just no notion of a genuine person…”

Cardano Benefits From Slow Pace of Wyoming Life

IOG relocated its headquarters from Hong Kong to Wyoming in 2018. The state economy of Wyoming is heavily tied to mineral extraction, tourism, and agriculture, especially cow and sheep farming.

But in 2019, Wyoming enacted 13 blockchain laws making it the only U.S. state with a welcoming legal framework for blockchain companies to flourish.

Speaking on why Wyoming is preferred over Silicon Valley, Hoskinson said the lifestyle and work-life balance are more in line with his way of being, which can be summed up in one word, authentic.

“What’s so magical about that lifestyle I have is that after my workday ends, I go to my farm. A farm is like the ultimate truth factory. There is no bullsh*t when you’re in agriculture.”

The panic situation has forced many to reconsider what is wanted and important in life. And living in nature is a lifestyle trend that’s gaining favor among those done with big city living.

Source: ADAUSD on TradingView.com

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The original article was written by Samuel Wan and posted on NewsBTC.com.

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Riot Blockchain Set To Boost Total Hash Rate To 77 EHs By 2022

Riot Blockchain Set To Boost Total Hash Rate To 7.7 EH/s By 2022

By RTTNews Staff Writer | Published: 4/9/2021 10:14 AM ET

U.S.-listed company Riot Blockchain, a former biotech firm now focusing on bitcoin mining, is set to almost double its miner fleet and boost total hash rate to 7.7 exahash per second (EH/s) by 2022 after executing the latest purchase order for an additional 42,000 S19j Antminers from Bitmain Technologies Ltd. at a total price of approximate $138.5 million.

The deployment of these next-generation Bitmain Antminers will add an estimated 3.7 EH/s to Riot's existing and planned fleet of miners.

This level of growth represents a 93 percent increase over the Company's previously estimated committed hash rate capacity of 4.0 EH/s by October 2021 after a purchase order for 15,000 S19 Pro and S19j Pro Antminers was made out in December 2020.

"By nearly doubling its planned hash rate capacity, Riot continues to take great strides forward in growing both the Company's and the United States' share of the global network hash rate," said Megan Brooks, COO of Riot.

Riot is scheduled to receive a minimum of 3,500 S19j Antminers on a monthly basis starting in November 2021, and will continue through October 2022.

The additional Antminers will expand Riot's total fleet to 81,150 next-generation Bitmain Antminers and boost its total hash rate capacity to over 7.7 EH/s by November 2022 from the previously announced 4.0 EH/s.

Ninety-five percent of the fleet will be the latest generation S19 series model. The S19j operates at 90 terahash per second (TH/s) and consumes 3,100 watts of energy.

With all miners fully deployed, the company's total fleet is expected to consume approximately 257.6 megawatts (MW) of energy with an overall hash rate efficiency of 33 joules per terahash (J/TH).

The global shortage of semiconductor production amid the pandemic combined with the recent increase in demand for Bitcoin mining has hampered the ability for many miners to grow their hash rate. However, Riot has entered into nearly $230 million in purchase contracts for miners since late 2019.

In April 2020, Riot Blockchain relocated its mining operations under a co-location mining services contract executed with Coinmint, LLC, claimed to operate the largest digital currency data center in the world. The co-location at Coinmint's Massena, New York-based facility is expected to reduce direct mining production costs, maximize hash rate, and provide expansion opportunities.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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