#CryptoCorner: Riot #Blockchain (NasdaqCM: $RIOT) Announces Co-Location Contract with Coinmint, KuCoin Partners with Digital Bits for New Kind of OTC Desk
#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
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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
For investors following the sector Investor Ideas has a
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