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Yahoo BusinessDec 05, 2019
Canadian taxpayers foot bill for bankrupt Bitcoin mining facility
Great North Data, a Canadian Bitcoin mining and AI-algorithm processing facility, has filed for bankruptcy. The company is said to have $13.2 million in liabilities and just $4.6 million in tangible assets. It has since emerged that a portion of this cash is owed to provincial government and federal government agencies who invested money in the cryptocurrency business. The two public entities, funded by taxpayers' money, are the Atlantic Canada Opportunities Agency (ACOA) and the Business Investment Corporation of Newfoundland and Labrador. The agencies are owed $281,675 and $313,718 Canadian dollars respectively. The owners of the bankrupt Bitcoin mining facility have not been publicly named. First reported by Canadian news outlet CBC, the news that taxpayers' money went into suchThe post Canadian taxpayers foot bill for bankrupt Bitcoin mining facility appeared first on Coin Rivet.

Reuters BusinessDec 05, 2019
Huawei mounts legal challenge against FCC over rural carrier customers
China's Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.

Huawei appeals against U.S. ban on rural carrier customers accessing subsidies (Reuters Business)
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