Coinfly to Add Bitcoin Cash, Bitcoin SV & Stellar

Company re-branded its trading platform for individual users - the part that was previously available as “Buy and Sell” will now be called “Mycoinify”
12 February 2019   169

Coinify, the leading European Bitcoin buying and selling platform and payment service provider, added support for three new assets, giving users the opportunity to buy Bitcoin Cash, Bitcoin SV and Stellar via bank transfers and credit cards. This is reported by Bitcoin.com.

BCH, BSV and XLM trading will start on Tuesday, February 12, and as Coinify co-founder and CEO Mark Hoigord said, adding new cryptocurrencies has become part of a broader plan, according to which the company intends to maintain 15 digital assets by the end of the year.

At the same time, the company based in Copenhagen re-branded its trading platform for individual users - the part that was previously available as “Buy and Sell” will now be called “Mycoinify”.

According to company representatives, this rebranding is designed to more clearly distinguish between payment products that Coinify offers companies from B2C-service for individuals.

Pia Skafte Johansen, Director of Payment Solutions, emphasized that Mycoinify will target end-users, offering them a simple and compliant regulator platform for purchasing various virtual currencies.

Coinify has been present on the market since 2014, and besides the possibility of buying cryptocurrencies, it also offers processing services, by the end of 2015 supporting payments in 16 digital currencies. In 2016, Coinify announced the successful completion of a residential real estate transaction for bitcoins in Denmark. The deal is the first of its kind not only in this country, but also in the whole Scandinavian region.

Last year, the company added the possibility of buying via bank transfers and Ethereum cryptocurrency credit cards.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   106

This Monday, the Chinese mining company Bitmain announced the next-generation 7-nm chip codenamed BM1397, which, according to it surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

The BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain”, codenamed BM1391.

BM1397 is manufactured using TSMC, a Taiwan-based semiconductor product company, which is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of the Antminer S17 and Antminer T17 models, the release of which Bitmain promises to announce later. The company does not provide other details of the updated devices in its message.