Coinsquare Launches Ad, Taiwan Moves to Regulate and Company Claims Samsung is Involved in Mining Hardware


By Samuel Mowers at Investorideas.com

Coinsquare Launches Ad, Taiwan Moves to Regulate and Company Claims Samsung is Involved in Mining Hardware

Canadian cryptocurrency exchange Coinsquare has released a television ad to build its brand before going public later this year. The ad emphasises the exchange's security against more risky ways of investing in crypto.

At press time Coinsquare ranks 103rd in the world with 24-hour a trading volume of $1.38 million USD. Coinsquare is aiming to raise $150 million CAD with its IPO this September.

Taiwan has moved toward cryptocurrency regulation via the country's existing anti-money laundering (AML) laws. In an announcement on Tuesday, the Ministry of Finance cited guidelines laid out by the Financial Action Task Force, an intergovernmental AML body, as the basis for regulation.

According to a claim from mining rig retailer MyRig, Samsung is producing Application Specific Integrated Circuit (ASIC) chips for Halong Mining. MyRig tweeted a picture of semiconductor material with the caption:

"Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm."

Samsung confirmed that it had begun manufacturing of ASIC chips in January to South Korean news outlet The Bell.

"Samsung Electronics is reaching out to the bitcoin mining industry. Samsung Electronics has concluded a foundry contract with China bitcoin mining hardware maker, and it is confirmed that it started mass production from January.

According to Samsung Electronics and related industries on the 29th, Samsung Electronics completed the process development of semiconductor ASIC (Application Specific Integrated Circuit) for bitcoin mining last year, and started mass production from January."

So far it is just the tweet from MyRig that claims Halong Mining is the company Samsung is manufacturing for as Samsung has yet to confirm.

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