News 

De Beers Launches App For Diamond Supply Chain Transparency

“Earlier this year, De Beers also announced plans to deploy blockchain technology to enhance the transparency of diamond supply chains and protect supply chain data” reports pymnts.com. Diamond conglomerate De Beers is introducing another solution aimed at enhancing the transparency of diamond supply chains.It’s the latest initiative by the company to address the issue of “blood diamonds” and a diamond supply chain notorious for facilitating the financing of crime and conflict across Africa.Reports in Reuters on Thursday (April 19) said De Beers has launched an app for small artisanal diamond…

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News Stocks 

Miners lead FTSE 100 higher after Rio Tinto update; inflation data in focus

“Traders were also waiting for U.K. inflation data due at 9:30 a.m” writes Markets Reporter for marketwatch.com. The U.K. inflation data for March could also move the markets on Wednesday.Among miners on the rise, shares of Glencore PLC GLEN, +2.46% GLCNF, +1.23%  added 2.1%, Anglo American PLC AAL, +2.96%  climbed 1.7% and BHP Billiton PLC BLT, +2.17% BHP, +0.84% BHP, +0.47%  put on 1.7%. Source: marketwatch.com Share This:

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Crypto Markets News 

This is all it would take for bitcoin to become a worthless cryptocurrency

“As the price of bitcoin increases, new entrants who want to mine bitcoin enter the market, increasing the effort required to mine a bitcoin, as its reward will be shared among a larger group of miners” writes Atulya Sarin for marketwatch.com. The proponents of bitcoin would argue that we have seen large percentage declines in bitcoin prices before.What remains to be seen is whether bitcoin or a competitor will be that cryptocurrency.But more importantly, the price spike also impacted the composition of bitcoin miners.But that was a different world —…

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Crypto News 

If your computer has slowed down, you might be mining crypto coins for someone else — here’s how to stop it

“While virtually all other malware is on the decline, cryptomining is now the number two threat to consumers and businesses” writes Peter Farquhar for businessinsider.com. A new development saw GandCrab become the first ransomware to ask victims to pay up in a crypto other than bitcoin.Open the modified webpage – such as the LA Times page noted above – and your PC starts mining Monero for someone else. Source: businessinsider.com Share This:

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Crypto News 

What Is an ASIC Miner and Is It the Future of Cryptocurrency?

“The question for Buterin was whether the centralization of ASIC production was actually a bad thing for a cryptocurrency network” reports vice.com. Here’s everything you need to know to get up to speed on the good, the bad, and the ugly when it comes to ASIC mining.This change has been part of Ethereum’s development roadmap for years, and as it happens it’s also the most effective way to block ASIC mining. Source: vice.com Share This:

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News 

One struggle against mining in Ecuador

“Neither scientist said he was previously aware of the mining concession or operations upriver” writes David Hill for theguardian.com. These newest concessions bordering Sinangoe have appeared despite recent pledges by Ecuador’s president Lenín Moreno that no new mining concessions would be awarded. Source: theguardian.com Share This:

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SoftBank’s first lithium deal raises prospects for junior miners

“Many banks are uneasy lending to lithium miners because the commodity is not openly traded, removing a key source of information for risk assessment, Johnston said” reports businessinsider.com. Nemaska, which last week said it was in the final stages of negotiating a $150 million streaming deal, and Orion declined to comment on the stream.Nemaska shares jumped as much as 20.5 percent on Friday, giving the Quebec-based company a market value of C$566 million. Source: businessinsider.com Share This:

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Crypto News 

The City That Banned Bitcoin Mining

“In the meantime, Plattsburgh officials have tasked themselves with figuring out how to effectively regulate Bitcoin mining in the city” reports vice.com. The low cost of electricity has made Plattsburgh a cryptocurrency mining hot spot, and in January and February the city went over its cheap power quota due to a cold winter and, the city believes, cryptocurrency mining.In 2016, Bowman started Plattsburgh BTC, a small cloud mining operation that rented mining power to its clients.Plattsburgh is the first city in the United States to ban commercial cryptocurrency mining, albeit…

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Crypto News 

New York Town Bans Bitcoin Miners

“Two cryptocurrency businesses have started to consume massive amounts of electricity in the area, crunching through complex algorithms 24 hours a day” writes David Grossman for popularmechanics.com. Thanks to the crypto businesses, the city’s exceeded its allotment of hydro power twice this winter.The crypto companies haven’t made for especially pleasant neighbors in the town of just under 20,000 residents. Source: popularmechanics.com Share This:

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Crypto News 

This City Just Passed The First Bitcoin Mining Ban In The US

“On Thursday evening, the city council in Plattsburgh, New York unanimously voted to impose an 18-month moratorium on Bitcoin mining in the city” reports vice.com. In the next 18 months, city officials pledged to work with citizens and local Bitcoin miners to develop a solution to Plattsburgh’s energy problem.Although the city power utility acknowledged that this often happens during the winter months, the residents of Plattsburgh were concerned that the city’s cheap power would draw still more Bitcoin mining operations to the city and its cheap power would disappear forever.Mining…

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