Bitmain, the world’s largest cryptocurrency mining firm, is expanding its distribution in South America by partnering with two crypto mining consulting firms. The Chinese mining mogul will extend its global exposure with Fastblock, which will be the primary distributor in Brazil, and Bit5ive, a Miami-based firm that will be distributing Antminers to over 30 countries in Latin, Central America and the Caribbean, Bitmain announced Dec. 12. Quick take on Bitmain’s new distributors Bit5ive provides major crypto mining services — sells, hosts and supports crypto mining hardware — since its foundation in 2013. The company will be distributing Bitmain’s products using …

Bitt, a portfolio firm of Overstock’s blockchain firm Medici, has partnered with the Eastern Caribbean Central Bank (ECCB) to pilot central bank digital currency (CBDC). Overstock announced the news in a press release on March 6. Barbados-based Bitt initially signed a contract with ECCB to conduct a pilot of the blockchain-issued Digital Eastern Caribbean Dollar (DXCD) on Feb. 21. The digital currency will be used within the Eastern Caribbean Currency Union (ECCU), and is set to be distributed by licensed financial institutions and non-bank financial institutions in the ECCU. DXCD intends to facilitate peer-to-peer (P2P) transactions between merchants and consumers …

A small Caribbean island, which has yet to be named, will soon become the largest Bitcoin community in the world. Each person in that country who has SMS texting capability, will soon receive a small quantity of Bitcoin. This will make the country the densest population of Bitcoin owners in the world. Many of these people are currently unbanked. Introducing the "Let the Bit Drop" party for Bitcoin aficionados This ambitious plan is part of "Let The Bit Drop," a grand experiment set up by Coinapult and Aspen Assurance. In addition to giving every person in the country some Bitcoin …