The Latest Trend? US-Based Bitcoin Mining

Plus a huge win for South Korean crypto.

Happy Thursday Blockfolians,

The Lede

Well, here’s something I wouldn’t have expected. A power plant in New York - maybe the least crypto-friendly state - has installed 7000 mining devices and is mining 5.5BTC per day. Cool as this is, it’s even more interesting as part of a growing return of US-based mining. This is a trend to watch.


Highly Relevant Reading

🇰🇷Full recognition for Korean crypto | Boy oh boy - what a week for global crypto! Yesterday it was India’s Supreme Court overturning a two year banking ban. Today, it is the Korean National Assembly fully assimilating crypto into the country’s legal financial apparatus. Why is this a big deal? First, it means that banks and other institutions will be more willing and able to work with existing crypto companies. Second, it means big traditional institutions can now participate in the space. Serious win.

💻A new Chrome Extension for uncensorable domains | Alternative domain name systems that are more censorship resistant than DNS are one of the themes of 2020. Thanks to a new Chrome Extension by Unstoppable Domains, they’re also easier than ever to use.

💰$8.3m to preserve the web | Some commentators worry that we’re heading into a time of more prevalent internet censorship. Luckily, Arweave is a blockchain startup that creates a permanent record of internet content. The company has just announced $8.3m in new financing.


Community Commentary

Ryan Sean Adams looks at the crazy future of collateral in decentralized finance - a future that it turns out is already here today.
Is the most important political debate of the future between Autonocrats and Anthropocrats?

A Really Big Number You Should Be Paying Attention To

$10,000,000

That’s the amount Chelsea soccer club owner and general Russian oligarch Roman Abramovich invested in Telegram’s $1.7B ICO.


Final Thought

Coronavirus seems to be picking up in the US. Stay safe out there everyone.