Connect with us

Blockchain

Kraken Exchange starting in Dublin? Job postings point to it!

While there haven’t been a huge amount of international blockchain companies coming to Ireland, one very interesting thing came in via our job alerts in the last few days. Kraken, the Digital Assets exchange that at time of writing is turning over over €250m a day in crypto trades, looks like it’s setting up in Dublin. They have been advertising for a EMEA Recruitment Manager which has just closed recently, and this is usually the first role to be filled whenever a multinational is starting. In addition to this, there are now additional jobs, such as a Customer Service/Account Manager

Republished by Plato

Published

on

While there haven’t been a huge amount of international blockchain companies coming to Ireland, one very interesting thing came in via our job alerts in the last few days.

Kraken, the Digital Assets exchange that at time of writing is turning over over €250m a day in crypto trades, looks like it’s setting up in Dublin. They have been advertising for a EMEA Recruitment Manager which has just closed recently, and this is usually the first role to be filled whenever a multinational is starting.

In addition to this, there are now additional jobs, such as a Customer Service/Account Manager being listed over at monster, so for those of you who’ve wanted to get a proper crypto job and not have to leave the country, it could be the time to start brushing up your CV!

Our site is largely funded by affiliate links and advertising. If you click a link on our site we may receive renumeration. If you are using adblock, please whitelist us to support us, or if you’re a user of Tip us on Brave Browser Brave Browser, we’re a verified publisher, and welcome any tips!

Source: https://bitcoinsinireland.com/kraken-exchange-starting-in-dublin-job-postings-point-to-it/

Blockchain

45,000 Bitcoin Mining Rigs Confiscated by Iranian Authorities Amid Blackout Controversy

Republished by Plato

Published

on

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining.

45,000 BTC Mining Machines Confiscated In Iran

Local media outlets reported that the police had seized about 45,000 rigs that consumed 95 megawatts per hour (MWh) of electricity at lower prices.

Head of the country’s state-run electricity company, Mohammad Hassan Motavalizadeh, said that the perpetrators also modified street lighting systems in Tehran and other cities.

“The total reduced consumption corresponds to the (electricity) usage for a city with a population of over half a million.” – he added.

The report outlined that the country has faced numerous similar situations in the past several months. Earlier this January, the Energy Ministry halted the supply of electricity to a giant farm in the southeastern region after a video circulating social media channels showed tens of thousands of BTC mining rigs situated under the same roof.

It’s worth noting that Iran became one of the first countries to legalize cryptocurrency mining in 2019. However, all miners had until August 2020 to register with the authorities, otherwise risk operating outside the country legislation. This is why Iran has initiated a nation-wide crackdown on various farms that failed to register within the timeframe.

Mining Blamed For Blackouts

The Middle Eastern country has experienced several issues lately that the government blamed on bitcoin. Apart from the aforementioned frequent blackouts, some of the nation’s largest cities have seen intense air pollution in recent weeks.

However, a popular crypto analyst Ziya Sadr told the Washington Post that bitcoin mining takes a low percentage of the overall electricity capacity and shouldn’t receive the blame.

“The miners have nothing to do with the blackouts. It is a known fact that the mismanagement and the very terrible situation of the electricity grid in Iran and the outdated equipment of power plants in Iran can’t support the grid.”

Separately, the absence of natural gas due to intense consumption to heat private homes has driven plants to use lower quality fuels that have polluted several cities.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/45000-bitcoin-mining-rigs-confiscated-by-iranian-authorities-amid-blackout-controversy/

Continue Reading

Blockchain

Australian crypto exchange operator accuses banks of discrimination.

Republished by Plato

Published

on

Allan Flynn, a Bitcoin trader in Australia, has filed a complaint against two commercial banks ANZ and Westpac, accusing both of systematic discrimination. According to the Australian Financial Review report, Flynn is seeking compensation to the tune of 250,000 Australian dollars (about $192,000). According to Flynn, he has been the victim of discriminatory practices, with banks allegedly continuing to shut down his accounts. Flynn lamented that no fewer than 20 banks closed accounts operated by his exchange in the last three years.

The crypto exchange service is registered with AUSTRAC.

The reported account closures come despite Flynn’s crypto exchange service being registered with the Australian Transaction Reports and Analysis Centre, or AUSTRAC. Flynn’s platform reportedly services over 450 customers. Earlier last year, the crypto exchange operator lodged a complaint with the Australian Financial Complaints Authority. However, AFCA ruled that Westpac — one of the banks involved in the matter ­— acted per its laid down terms and conditions. At the time, Westpac offered Flynn 250 Australian dollars as restitution for the sudden account closure, which the complainant says he is yet to receive.

Banks denying services to crypto exchanges is not restricted to Australia.

Crypto exchanges accusing banks of discriminatory practices are not restricted to Australia alone. Earlier last year, India’s Supreme Court reversed the central bank’s ban against banks servicing crypto businesses. However, reports still emerged of “crypto-phobic” behavior among Indian banks even after the Supreme Court’s decision to overturn RBI’s blanket ban on cryptocurrencies. A similar situation also exists across Latin America, where commercial banks continue to intensify account closures targeted at crypto exchanges. In Brazil, two major platforms were also forced to shut down their operations following stringent tax compliance policies.

Source: https://chaintimes.com/australian-crypto-exchange-operator-accuses-banks-of-discrimination/

Continue Reading

Blockchain

Pantera Capital’s Big Bitcoin Price Prediction Playing Out Exactly As Forecast, Says Dan Morehead

Republished by Plato

Published

on

Pantera Capital founder and CEO Dan Morehead is doubling down on his bullish 2021 Bitcoin prediction, asserting that the leading crypto asset is still right on track to hit $115,000 by August 2021.

In Pantera’s latest Blockchain Letter, Morehead says that Bitcoin’s price movements, although delayed by a week, are playing out exactly as forecast based on the stock-to-flow projection published last year.

“Bitcoin is exactly on track with the forecast we made in our April letter. Our analysis was based on comparing the reduction in the supply/flow of bitcoin relative to the outstanding stock – at the time of each halving – and the subsequent impact on price.”

According to the projections set by Pantera, Bitcoin’s price lagged by as much as 15 weeks in July 2020. In December, Bitcoin began to catch up with Pantera’s projections and by mid-January, the leading cryptocurrency hit the ninth milestone in Pantera’s forecast after climbing to $38,000.

For the next date, February 15th, 2021, Pantera predicts Bitcoin will trade at $45,268.

Pantera makes its projections based on the Bitcoin halving cycle. Historically, Morehead says Bitcoin prices have surged after each halving, which happens every four years.

After the first halving in 2012, Bitcoin’s supply dwindled by a little over 15% in a span of 446 days as block rewards were halved from 50 to 25 BTC. Subsequently, Bitcoin witnessed a rally of 9,212%.

Following the 2016 halving, Bitcoin rallied by 2,910%.

If Bitcoin follows Pantera’s predicted trajectory, Morehead expects BTC to hit its peak in August 2021 with a price of $115,212, rising over 1,091% after the May 2020 halving.

“I’m not saying I’d bet our life savings that’s definitely going to happen, but I think it’s possible, and we’re right on pace to do that.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Philipp Tur

Source: https://dailyhodl.com/2021/01/18/pantera-capitals-big-bitcoin-price-prediction-playing-out-exactly-as-forecast-says-dan-morehead/

Continue Reading
Blockchain2 days ago

Will exchanges run out of Ethereum?

Blockchain3 days ago

Consob Blocks 6 New Illegal FX Websites

Blockchain5 days ago

Crypto Lawyer Sees Incoming SEC Chair as a Win for Bitcoin, Not XRP

Blockchain5 days ago

EOS Price Analysis: 13 January

Blockchain3 days ago

Ripple partners Mobile Money for wallet-to-wallet payments between Malaysia and Bangladesh

Blockchain5 days ago

What’s stopping Ethereum from climbing to its new ATH?

Blockchain5 days ago

3 key reasons why the DeFi sector is booming again

Blockchain1 day ago

Bitcoin Cash, Zcash, Decred Price Analysis: 17 January

Blockchain5 days ago

CoinGate Delists XRP as Gatehub Holds Fort

Blockchain3 days ago

Bitcoin Reserves Of Block.one Stands As Twice The Worth Of EOS

Blockchain5 days ago

EU Crypto Payment Processor To Remove XRP Following The SEC Charges

Blockchain3 days ago

Six-Figure Bitcoin Price Predictions Back on The Table

Blockchain3 days ago

Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know

Blockchain1 day ago

Decred co-founder explains the possible effects of a CBDC takeover

Blockchain1 day ago

Healthcare Jobs of the Future

Blockchain1 day ago

Ethereum, Monero, Algorand Price Analysis: 17 January

Blockchain1 day ago

Cardano “Working On Something” That Could Solve Twitter’s Decentralization Dilemma

Blockchain2 days ago

Michael Novogratz’s Galaxy Digital to Jump Into BTC Mining

Blockchain1 day ago

Will Bitcoin see another trend reversal in 2021?

Blockchain21 hours ago

Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM

Trending