News: BBC on Kodak KashMiner, Indian crypto ponzi, China crypto gambling, Vinnik to France, Ethereum clog, institutional investors don’t want cryptos

News: BBC on Kodak KashMiner, Indian crypto ponzi, China crypto gambling, Vinnik to France, Ethereum clog, institutional investors don’t want cryptos

  • The BBC followed up on my post about the Kodak KashMiner that never was — and got hold of Spotlite CEO Halston Mikail. “Spotlite’s Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead. He said the company would instead run its mining operation privately with equipment installed in Iceland, instead of renting capacity to consumers.” Uh huh.

 

 

 

 

  • Asset manager BlackRock is investigating cryptocurrencies … but is seeing zero demand amongst institutional clients. “I don’t believe any client has sought out crypto exposure. I’ve not heard from one client who says, ‘I need to be in this.’”
  • The New York Public Services Commission permits another local electrical authority — in this case, Massena Electric — to charge crypto miners special rates. “The individual service agreement tariff includes provisions that will protect existing customers from increased supply costs resulting from the new service.”

 

 

 

 

  • “The blockchain is how you add more Lamborghinis to your Lamborghini account. Even though we’re still trying to figure out how it solves a single problem, one thing is certain: blockchains solve every problem.
  • It’s always comedy gold when Bitcoiners think they have one weird trick that will totally outwit the IRS.

 

 

 

 

 

 

 



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