Bitmain Confirms Release of First Ethereum ASIC Miners (CoinDesk.com)
Bitcoin mining hardware firm Bitmain unveiled its long-rumored ethereum mining tech on Monday. The Antminer E3 is set to ship this July, according to Bitmain’s website, at a price of $800 per unit. According to statements, the company is limiting orders to “one unit per user” with restrictions on shipping to China and Taiwan. As was perhaps expected, the listing quickly drew interest from would-be buyers. As of press time, the website indicates that the first batch has already sold out. Hints about Bitmain’s ethereum mining product first emerged in February, when China-based news site Technews.cn published details about the expected hardware.
Bancor’s New Wallet To Provide Cryptocurrency Conversion To The Masses (CryptoDaily.co.uk)
The Bancor network is an open source platform for cryptocurrency conversion. The main website is a hub for trends and market information and provides an easy method for converting values between cryptocurrencies at live trading rates. Their latest venture integrates this conversion system into a cryptocurrency wallet, that offers users instant coin conversion. The wallet, called Bancor Wallet, already has the capacity for conversion between 70 tokens, with more being added to the wallet daily. The Bancor Wallet takes the form of a mobile phone wallet.
Coinbase Commerce API Launches for Merchants to Accept Cryptocurrency (CryptoNinjas.net)
Bitcoin and cryptocurrency exchange company Coinbase has announced the live launch of the Coinbase Commerce API for accepting cryptocurrencies. The Commerce API makes it accessible for merchants to integrate cryptocurrency payments straight into their e-commerce solution. As of now, instead of manually creating payment buttons or hosted pages to accept cryptocurrency payments, merchants can dynamically generate them using the Commerce API. Those interested can check out the developer documentation for more information. Coinbase Commerce is a new service that allows merchants to accept multiple cryptocurrencies directly into their own user-controlled wallet. Coinbase Commerce has been designed as a free non-custodial solution for accepting cryptocurrency, so merchants can maintain full control over their funds.
SEC Busts Celebrity-backed Cryptocurrency Scheme for Fraud (TheHill.com)
The Securities and Exchange Commission (SEC) on Monday announced fraud charges against two men behind a $32 million cryptocurrency investment scheme hawked by celebrities such as Floyd Mayweather Jr. and DJ Khaled. Sohrab “Sam” Sharma and Robert Farkas, co-founders of Centra Tech Inc., were arrested and charged with several counts of fraud after allegedly duping investors through an “initial coin offering,” or ICO. Sharma and Farkas, through Centra, offered unregistered investments in the company through the sale of CTR virtual tokens, a cryptocurrency akin to bitcoin, Ethereum and other digital coins.
Ripple (XRP) is Getting Ready for an Agreement within an International Banking System (Billionaire365.com)
This week, a spokesperson from Ripple has made an interesting statement: the company is currently working with 40-50 international central banks, among which the Bank of Thailand. Specialists don’t know yet if the public relations representative aimed to officially announce this or if it was an accident, but they are sure that this step could open new ways for Ripple. In fact, the thing that puts Ripple in front of its competitors is the will to extend the collaboration with international banks and thus integrate into a central banking system that can work for many countries.