Daily Roundup – September 7, 2017

Daily Roundup – September 7, 2017

According to Quartz, Japan’s GMO Internet Group is going to get into the business of bitcoin mining. The entity plans to invest $3 million in the bitcoin mining industry, including the development of their own mining hardware.

Over on Medium, researchers have disclosed a bug that was found in IOTA, which had a $1.9 billion market cap at the time of publication. According to the researchers, the decisions made by IOTA developers are indicative of the lack of intensive review by cryptocurrency speculators.

According to CoinDesk, Ethereum creator Vitalik Buterin is working on multiple white papers related to Casper, which is the version of proof-of-stake consensus planned for the smart-contracting platform.

According to CoinDesk, Filecoin has broken the record for largest ICO funding round. The project raised more than $250 million over the course of a month.

According to Bloomberg, Kik has decided to block Canadian citizens from participating in their upcoming ICO due to a lack of regulatory clarity in the country.

Featured image via Pixabay.

About The Author

Kyle Torpey

Kyle Torpey is a freelance writer and researcher who has been following Bitcoin since 2011. His work has been featured in VICE Motherboard, Business Insider, NASDAQ, New York Post, The Next Web, American Banker, and other media outlets. You can follow Kyle on Twitter, send him an email, sign up for his daily Bitcoin newsletter, or visit his personal website.


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