Reading: Industry Report: Bitcoin Bursts with ‘Energy’


Industry Report: Bitcoin Bursts with ‘Energy’

Nick Marinoff | Jul 13, 2016 | 09:00

Bitcoin Industry Report Bitcoin

Industry Report: Bitcoin Bursts with ‘Energy’

Nick Marinoff | Jul 13, 2016 | 09:00

Energy and bitcoin come together, a bitcoin trust files with the SEC, and Iceland gives a “thumbs up” to digital currency. Want to catch up on the latest crypto-news? Take a look at the stories below.

Also read: Industry Report: The Halving That Came and Went


bitmain Energy conferenceBig-time miner Bitmain recently held a private conference in southwest China. Representatives and government officials of nearby regions were invited to discuss local power sources and electricity usage, as well as offer cheap energy for the purpose of attracting investments from bitcoin miners. Additional topics discussed included hydropower, tariff terms, and mining co-operations. The event occurred on the day of the halving.

Bitmain is one of the largest bitcoin mining companies around. Their services have expanded over the years to include chip design, manufacturing, and selling mining gear.


Bitcoin trust SolidX has registered with the Securities and Exchange Commission to grant shareholders a view of bitcoin trading. The trust is currently slated to be listed on the New York Stock Exchange under the ticker symbol “XBTC,” and the company is planning to raise $1 million in funds to further expand operations.

SolidX currently provides blockchain-based software for asset transfers, identity purposes, and data recording.


Iceland’s digital currency Auroracoin has garnered serious attention in its home nation and abroad. The currency was created in 2014, and was anonymously given to about 10 percent of the country’s population, which caused a price spike overnight. Auroracoin has since disappeared from the spotlight, and the price has slumped back to the bottom. Since the debut, though, Iceland has become much more serious about virtual money to the point of developing its first cryptocurrency exchange.

Some are now looking to bring Auroracoin back. Through a new documentary released on Vice Motherboard, viewers are given a look into the world of Chairman Petur Arnason and his attempts to bring Auroracoin back to the people. He explains that Auroracoin is here to release the country from what many consider a financially corrupt system, following the prime minster’s recent position in the Panama Papers scam. The country also suffered huge financial losses when one of its three major banks came crashing down in 2008, causing massive monetary issues throughout the region.

Know of any stories that belong in our regular industry reports? Post your thoughts and comments below!

Images courtesy of Finance Magnates, Twitter.

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