REcoin ICO Scammer Pleads Guilty in Court

The accused in the REcoin ICO scam admitted to committing the fraud and is likely to be sentenced under violation of securities laws. Accused Pleads Guilty Maksim Zaslavskiy charged with running two Initial Coin offering (ICO) frauds has pleaded guilty, on Thursday afternoon at a court in the New York borough of Brooklyn. He admitted […]

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Cryptocurrency Miners in this U.S. County Could Soon be Facing Higher Electricity Bills

A county in the U.S. state of Washington is seeking to impose higher electricity rates for cryptocurrency miners. Cryptocurrency mining is a touchy subject, especially for authorities in the cities or municipalities where the operations are happening. This is mainly due to the amount of power used, which, in some cases, far exceeds the average […]

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A Brief Introduction to Voluntaryism for Crypto Neophytes

The blockchain space appeals to freethinkers, entrepreneurs, and visionaries. Many of these iconoclasts practice voluntaryism, although a philosophy which new entrants may have not heard about. This is because they entered into the ecosystem from the financial realm, and their sole focus has been on accumulating more wealth. This is a shame. The impetus for cypherpunks […]

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Bitcoin Price Analysis: Will Bitcoin Bite Back?

Now that the Bitcoin Cash hard fork is complete, will Bitcoin bounce back from a $1,200 loss? Market Overview Yesterday’s 8% move from $5,188 to $5,700 was nice but does the King of Cryptocurrencies have any other cards up its sleeve? At the moment bull volume is nearly non-existent and as the weekend approaches it […]

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UK Needs to Take Lead on Crypto to Stay Ahead of Curve, Says eToro’s Iqbal Gandham

The U.K. needs to take the lead in “fostering innovation” in the crypto space, according to the chair of CryptoUK, who suggested Bitcoin has the potential to change global institutions. No Reason Why It Can’t That’s according to Iqbal V. Gandham, managing director of eToro. He’s also chair of the UK Cryptocurrency Association (CryptoUK). In a report […]

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A New Approach to Thwarting Selfish Bitcoin Miners

n nn nn Selfish mining is an attack on the Bitcoin network that has been known to be possible for several years. By propagating new blocks slowly on purpose or by accident, a loophole is opened for miners to unfairly increase their profits in relation to other miners.However, researchers Cyril Grunspan and Ricardo Prez-Marco claim […]

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After the Fork Heres How Exchanges Are Dealing With Bitcoin Cash

n nn nn The smoke is still clearing from Bitcoin Cashs hard fork, but exchanges have already moved in to add support for the products of the skirmish.On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance […]

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ICO Issuers Settle Registration Charges With SEC

n nn nn The U.S. Securities and Exchange Commission SEC has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings ICOs in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation. […]

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Progress Report Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes

n nn nn The Lightning Network continues to post steady growth.According to data from 1ML, the network is now supported by roughly 4,070 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node at time of publication. Most of this growth has come in the later half of 2018, as […]

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We Did This With Gold Could VanEck Be Bitcoins Best Bet for an ETF

n nn nn Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund ETF is inevitable. And hes optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.The director of Digital Asset Strategy at VanEck/MVIS, Gurbacs, as of late, has become a leading voice on […]

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One Day After the Bitcoin Cash Hard Fork Takeaways and Latest Developments

n nn nn Bitcoin Cash, the big block project that forked away from the Bitcoin blockchain in August 2017, hard forked split into two different coins Bitcoin Cash ABC BCH ABC and Bitcoin Cash SV BCH SV.At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native […]

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Free Keene Activists Launch Bitcoin Embassy New Hampshire

Keene, New Hampshire is well known city for libertarian philosophies and more recently as a hotbed for cryptocurrencies. On Monday, Nov. 12, crypto advocates from the region have announced the launch of a new educational center called the Bitcoin Embassy New Hampshire. Also Read: Libertarian Hotspot the Free Keene Project Bolsters More Crypto-Adoption New Hampshire Bitcoin […]

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Distributed Ledger Technology is an Option for Cross-border Payments According to Canada, UK and Singapore

Three international financial institutions are looking into the benefits of using distributed ledger technology (DLT) to improve cross-border payment processes. Traditional cross-border payments can be expensive. While financial institutions may stand to benefit by charging fees and commissions, it tends to be the consumers, who are forced to pay these fees, that suffer. In some […]

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Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency

Muslim countries around the world are planning to push back against the U.S. dollar’s long global dominance by creating a common digital currency for use in Islamic states. The dollar has evolved into a “sanctioning tool,” charged Erol Yarar, chairman of the Muslim-focused business lobby group International Business Forum (IBF). It has lost its purpose […]

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One Day After the Bitcoin Cash Hard Fork: Takeaways and Latest Developments

Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV). At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native currency, BCH […]

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Binance Now Supports Two Stablecoins Following USDC Addition

Stablecoins continue to play a role of importance in the cryptocurrency industry. Binance, the world’s leading altcoin exchange, confirms that the USDC asset will be listed on the exchange and paired against Bitcoin and BNB. More Stablecoins for Binance No one can deny stablecoins are making their mark. Over half a dozen such currencies are in […]

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“We Did This With Gold”: Could VanEck Be Bitcoin’s Best Bet for an ETF?

Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world. The director of Digital Asset Strategy at VanEck/MVIS, Gurbacs, as of late, has become a leading voice on the space’s […]

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IDEX Lists Ride Sharing Company RedCab LLC’s REDC Token

IDEX, the only Ethereum-based, fully decentralized crypto exchange with real-time trading and high transaction throughput has announced the listing of RedCab LLC’s REDC token. RedCab, a decentralized peer-to-peer transportation solution entirely powered by blockchain technology, announced the listing this week with the Panama-based exchange. IDEX is recognized as the most advanced Ethereum DEX in the […]

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Progress Report: Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes

The Lightning Network continues to post steady growth. According to data from 1ML, the network is now supported by roughly 4,069 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node (at time of publication). Most of this growth has come in the later half of 2018, as the average […]

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‘I Could Gloat’ – BTC Price On Its Way to Zero, Nouriel Roubini Says

With BTC price trading at its lowest since October 2017, ardent nocoiner Nouriel Roubini has taken another shot at Bitcoin. “The Mother of All Toxic Polutions” Nouriel Roubini, currently a professor at the New York University Stern School of Business, takes every chance he gets to bash cryptocurrencies and their “bubbly” and “scammy” nature. Naturally, […]

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SEC Settles Charges With Two ICO Issuers

The U.S. Securities and Exchange Commission (SEC) has settled charges with two initial coin offering issuers. These cases are the commission’s first to impose civil penalties “solely for ICO securities offering registration violations.” Both companies have agreed to refund investors, pay penalties, and register their tokens as securities. Also read: Yahoo! Japan Confirms Entrance Into the […]

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ICO Issuers Settle Registration Charges With SEC

The U.S. Securities and Exchange Commission (SEC) has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings (ICOs) in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation. The startups indicted […]

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Japan’s FSA Aims to Regulate Custodial Cryptocurrency Wallet Providers

Regulating the cryptocurrency industry requires a multi-pronged approach. Japanese officials have shown an open mind toward introducing new guidelines. Their current plan is to regulate specific wallet service providers. This will help bring more legitimacy to the cryptocurrency industry and the associated companies. Guidelines for Crypto Wallet Providers Bitcoin regulation in Japan has taken on […]

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Diceland Technology’s Success — the First Island on the Blockchain

DiceLand technology, developed by WestLand Storage, was first used on the whole region, and more precisely on an island in the Caribbean. This was the first time in the history of Blockchain, when the development was applied in full on such a significant scale. And taking into the fact that the technology is aimed at […]

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Bitcoin and Blockchain: Banks Must Embrace or “Bite the Dust”

With all the constant news about the price of Bitcoin, it’s possible to forget what it was invented for. Cryptocurrency trading plays only a small role in what Bitcoin and blockchain technology can do for our world. Most importantly, they can end the hegemony central banks have on the way we make payments to each […]

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EOS: Lack of Decentralization Exposed with Reversed Transaction

Blockchain protocol EOS, run by Block.one, has just become the subject of a new crypto scandal. It all began on November 9th, when a picture emerged on Reddit of a moderator on EOS reversing a transaction that had already been confirmed. Decentralized? According to the Reddit user u/auti9003, a reverse transaction occurred without the owner’s […]

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After the Fork: Here’s How Exchanges Are Dealing With Bitcoin Cash

The smoke is still clearing from Bitcoin Cash’s hard fork, but exchanges have already moved in to add support for the products of the skirmish. On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance as Bitcoin […]

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A New Approach to Thwarting “Selfish” Bitcoin Miners

Selfish mining is an attack on the Bitcoin network that has been known to be possible for several years. By propagating new blocks slowly (on purpose or by accident), a loophole is opened for miners to unfairly increase their profits in relation to other miners. However, researchers Cyril Grunspan and Ricardo Pérez-Marco claim that by […]

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Bitcoin Price Inches Back from Year Low – But Why Did the Drop Happen in the First Place?

Bitcoin is trapped in some of the most bearish conditions this year. At the time of writing, it is trading for a little over $5,614 – a slight improvement over yesterday’s year low of $5,358. The question on everyone’s mind now is “What caused the price drop and will it rebound?” What’s Going on, Here? […]

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The ECB is Right: Bitcoin Was ‘Spawned’ By the Financial Crisis (Created by the ECB)

Cryptocurrency advocates continue to hit back at fresh criticism of Bitcoin from the European Central Bank (ECB), which on November 15 publicly called it the “evil spawn of the financial crisis.” Cœuré: ‘Lightning May Strike Me’ In a speech at the Economics of Payments IX conference in Basel, Switzerland, Benoît Cœuré, Chair of the Committee […]

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Hash Wars: Day Two and the Anticipation for BCH Trading Platforms to Reopen

It has been close to 24 hours since the Bitcoin Cash (BCH) blockchain split on Nov. 15, and the community is assessing the first day of battle. At the time of writing, both chains are still operational and the ABC chain has a 32-block lead on the SV chain. Now many BCH supporters are patiently […]

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ECB’s Board Member: Central Bank Digital Currencies Unlikely in the Next Decade

Central bank-issued digital currencies have somewhat become a widely discussed topic, as more and more countries begin exploring them. However, according to a board member of the European Central Bank, they won’t be issued within the next decade. ECB on Central Bank Digital Currencies A board member of EU’s Central Bank Benoit Coeure shared his […]

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ECB Official Decries Bitcoin as ‘Evil Spawn’ of Financial Crisis, Ripple Consolidates Lawsuits

In recent regulatory news, an executive board member of the European Central Bank (ECB) has given a dismissive appraisal of bitcoin and rejected the prospect of central banks issuing state-backed digital currencies in the foreseeable future. In other news, Ripple Labs has moved to consolidate three lawsuits into a single federal suit, while the police […]

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Ron Paul Survey: Half Would Choose Bitcoin For 10 Year Investment

Most people would choose to invest in Bitcoin over gold, fiat currency, and bonds, according to a survey by Ron Paul which continues on Twitter November 16. Bitcoin Is Best Future-proof Investment The former US lawmaker and presidential candidate, well known for his advocacy of the cryptocurrency, has so far yielded responses from over 58,000 people. […]

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Bitcoin Cash Hard Fork Creates Two Chains

The different implementations of the BCH protocols have resulted in the creation of two chain splits. The Battle of Egos The last couple of weeks have witnessed high-intensity drama around the hard fork of Bitcoin Cash (BCH), the fourth largest cryptocurrency by market cap. The hard fork of the BCH blockchain, which had forked off the […]

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Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U.S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. In premarket trading at the time of writing on Friday, Nvidia was down 16.01 percent at $169.99. Also Read: Canaan Hong Kong […]

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BitStarz Player Wins a Whopping $70,000 – Are You Feeling Lucky?

There are many pretenders to the crown, but there really is only one king of cryptocurrency casinos. BitStarz has been changing the gaming scene since day one, with it able to boast a stacked 1800+ game collection, 10 minutes cashouts, and the friendliest customer service around. Now, after an electric 2018, it can add big […]

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The ‘Wal-Mart’ of Venezuela Has Started Accepting Bitcoin

As Venezuela is in the grip of hyperinflation, a large local Wal-Mart-like department store has started to accept bitcoin for goods. Cryptocurrencies: A Viable Alternative More and more are cryptocurrencies establishing themselves as a viable alternative to Venezuela’s redenominated local currency the Sovereign Bolivar. TRAKI, a large local department store, has purportedly started to accept […]

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Bitcoin Mining Giant Canaan’s IPO Postponed as Application Lapses

Cryptocurrency mining giant Canaan has reportedly let its application for a Hong Kong IPO lapse. Sources close to the matter said that the IPO would not happen this year. IPO Postponed The second largest cryptocurrency mining equipment manufacturer Canaan Inc., has reportedly let its Hong Kong IPO application lapse, after having it filed earlier in […]

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The Daily: Bitsane Introduces Tether-Euro Pair, Covesting Launches in Gibraltar

In Friday’s edition of The Daily, we look at Bitsane’s decision to list tether (USDT) and trade it against the euro. We also cover two other recent announcements in the crypto-space. Digital asset trading platform Covesting is launching operations in Gibraltar, where it has obtained a distributed ledger technology license. And Swissone, a Zug-based digital […]

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Blockchain Adoption in Energy Sector to Grow by 65%, Says Research

Market research conducted by Technavio has predicted that use of blockchain technology in the energy industry will increase between 2019 and 2023. Energy Sector Embracing Blockchain While blockchain technology was invented for facilitating peer-to-peer money transfers, it is finding its use within multiple industries including energy. Technavio, a leading market research company has forecast growing […]

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Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

The government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to cryptocurrencies, is expected to enter into force on Jan. 1, 2019. Also read: Growing Number of Crypto Companies Operating From Belarus Crypto-To-Crypto Transactions Will Not Be Taxed The changes, long-awaited by […]

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Why the BCash Proxy War Could Be Very Bullish for Bitcoin Price

Despite Bitcoin Cash ABC looking like it will win the BCash civil war with notable support from  John McAfee and Bitstamp, the ugliness of the sideshow could actually have a bullish impact on Bitcoin (BTC) price.  Pledge of Allegiance Yesterday, John McAfee came across as if he had just binge-watched several ‘Game of Thrones’ box-sets […]

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Ripple Price Analysis: XRP/USD Holding Its Ground Despite Market Selloff

Ripple is keeping its head above the bottom of the ascending channel visible on the 4-hour chart as bulls continue to defend support. XRP has overtaken ethereum in the top two spots of cryptocurrency rankings based on market cap thanks to its resilience so far. The 100 SMA is above the longer-term 200 SMA on […]

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Web Giants Censor Bitchute and Bloom

Another week, another slew of projects banned by major web platforms. Paypal has ejected Bitchute, a Youtube competitor that champions free speech, while Facebook has banned ad campaigns by Bloom that promoted a rival service. The deplatforming of these projects has reinforced the case for censorship-resistant platforms. Also read: Miner Abandons Swedish County, Leaves $1.5M in […]

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Bitcoin Price Analysis: BTC/USD Quick Pullback Opportunity

Bitcoin recently made a sharp drop but has found support at the $5,200 area where bulls were likely waiting to buy on dips. This could spur a pullback to the broken long-term support around the $6,000 handle. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 61.8% level lines […]

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Ripple Price Analysis: Will XRP Eventually Usurp Bitcoin’s Throne?

Yesterday XRP overtook Ethereum and claimed the #2 spot on CoinMarketCap. Is Bitcoin next? Market Overview It’s too early to determine whether the market has ‘recovered’ from yesterday’s unannounced slaughter. Despite this, analysts and savvy traders will be looking to see if any altcoins set a precedent by dislodging from the downturn caused by BCH […]

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Bitcoin Scammer Hacks More High Profile Twitter Accounts

The fake Elon Musk Bitcoin scam on Twitter managed to hack several high profile accounts to make the scam appear legit. If there’s one thing that hackers can be accused of, it’s the ability to be highly inventive. Case in point is the recent Bitcoin scam carried out on Twitter. A fake account pretending to […]

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Stablecoins Demand More Trust than Fiat Currency

This article about the problem with stablecoins was written by Kevin Murcko, the CEO at cryptocurrency exchange, CoinMetro, and forex broker, FXPIG. Stablecoins — digital coins which peg their value rigidly to the dollar, the euro, or a collage of national currencies — are all the rage right now. Tether, in particular, is on everyone’s […]

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Coinbase-Backed Startup Releases Home Cryptocurrency Miner

A startup backed by Coinbase and Arrington Ventures has launched a cryptocurrency miner for domestic use. The new device, however, won’t be powerful enough to mine Bitcoin (BTC). Mass-Market Appeal Coinmine — a startup ran by computer scientist Farb Nivi and industrial designer Justin Lambert — has taken the challenge to bring cryptocurrency mining to the […]

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Bitmain Is Restructuring, But Jihan Wu Still a Board Director Source

n nn nn Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firms board director while confirming that the board has undergone restructuring.Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a […]

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Canadian Court Takes Custody of Crypto Exchanges Frozen Funds

n nn nn The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce CIBC.According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto […]

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Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

n nn nn In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies.Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by […]

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IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

n nn nn With contributing reporting from Jimmy Aki.Christine Lagarde, head of the International Monetary Fund IMF, suggested a new course of action for central banks around the world turn their fiat currencies digital.The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled Winds of Change The New Case […]

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New York Department of Financial Services Issues 14th BitLicense

n nn nn Today, November 14, 2018, the New York State Department of Financial Services DFS announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. The approval of this so-called BitLicense or Virtual Currency License application is the […]

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Koreas KAIST University Adds Blockchain Application Courses to Curriculum

n nn nn South Koreas leading technology university, the Korea Advanced Institute of Science and Technology KAIST, is working with Theta Labs, the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology.Were kicking things off with a seminar at the electrical engineering school […]

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Op Ed Cryptocurrencys Unrealized Opportunities for U.S. Tax Professionals

n nn nn The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.While weve seen the market cap of bitcoin and other cryptocurrencies dramatically fall from around $800 billion at its height to around $200 billion today, the number of developers, traders, […]

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OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

n nn nn Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he […]

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Binance Will Support USDC Trading Starting November 17

n nn nn Binance one of the most popular digital currency exchanges across the globe has announced that it will be adding the fiat-collateralized stablecoin USD Coin USDC to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binances own token, BNB.The company made the announcement on […]

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Bitcoin Price Analysis Yearly Support Breaks as Bitcoin Tests Underlying Demand

n nn nn After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017Figure 1 BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16 yesterday as the market sliced through the long held support like a knife […]

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Japanese Regulator Unveils Plan to Regulate Cryptocurrency Wallet Services

Japan’s top financial regulator, the Financial Services Agency, has unveiled a plan to regulate cryptocurrency wallet services. The regulator has put forward a number of regulatory measures as well as proposing how to implement them. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space The Plan The Financial Services Agency (FSA) held its ninth cryptocurrency […]

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Circuit Capital: Mainstream Bitcoin and Blockchain Adoption Is Growing

San Francisco and Singapore-based hedge fund Circuit Capital is claiming that bitcoin and cryptocurrency adoption is growing, and that the institutional presence in the digital asset arena is stronger than ever. The Price Isn’t So Hot At the time of writing, the cryptocurrency space is undergoing a massive price slump. Bitcoin, for example, is at […]

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Four More Fake Crypto Wallets Removed From Google Play Store

Android users remain subject to numerous malware threats. Criminals continue to target cryptocurrency users at every possible opportunity. A new batch of fake crypto apps has been identified on Google Play Store. Unsurprisingly, they all mask as legitimate wallets, despite having a more nefarious purpose. New Google Play Store Threats Arise For cryptocurrency users, mobile […]

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French Financial Markets Regulator Estimates ICOs Have Raised $21.9B Globally Since 2014

France’s financial markets regulator, the Autorité des marchés financiers (AMF), has published a report examining trends relating to initial coin offerings. The AMF describes ICOs as a “marginal” method of financing, estimating that the global ICO industry has raised €19.4 billion ($21.9 billion) since 2014. Also Read: Russian Developers to Help Iran Build Its Crypto-Economy Significant […]

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The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019

The operator of Germany’s only regulated cryptocurrency exchange has confirmed it will de facto become a bank after securing a 100 percent takeover of Tremmel Wertpapierhandelsbank. Bitcoin.de Buys Tremmel Wertpapierhandelsbank Bitcoin Group SE, which operates Bitcoin.de, will be able to offer a raft of services connected with cryptocurrency thanks to a banking license once the […]

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Fortnite V-Bucks, Cryptocurrency Top Teens’ Christmas Wish List

The Christmas holidays are almost upon us and with it comes the inevitable question “what do you want for Christmas?” For teens in the United States, it seems two new trends are emerging. They either want V-Bucks for Fortnite or cryptocurrency. That latter part is somewhat surprising, though it also shows the maturity of Bitcoin […]

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Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017: Figure 1: BTC-USD, Daily Candles, Broken Support Bitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through […]

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Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills

Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U.S. miner NGDC, appears to have suddenly fled from the area, leaving $1.55 million in unpaid electricity bills in its wake. Also Read: Seba Crypto Eyes Swiss Bank License, Independent Reserve Integrates Tax […]

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New Data Shows Ethereum GPU Mining No Longer Profitable

GPU crypto mining is no longer profitable on your own. That’s according to new data that shows the profitability of Ethereum GPU mining has fallen from $150 to $0 in 17 months. Is Ethereum GPU Mining Still Profitable? Last year, crypto mining proved to be a profitable side business for tech savvy people who had […]

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Sberbank CEO: Expects Industrial Blockchain Adoption in Under Two Years

The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of blockchain adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years. Blockchain Adoption Gref believes the technology is on the cusp of entering the industrial development stage of its evolution. Speaking to […]

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Coinbase CTO Believes Home Cryptocurrency Mining is the Future with Coinmine

Coinbase’s CTO, Balaji Srinivasan, has just announced his thoughts of the future of home cryptocurrency mining. Bitcoin mining and crypto mining in general are a huge industry, which exploded last year when digital currency interest hit mainstream. A new startup is trying to take another stab at popularizing at-home cryptocurrency mining, a business model that […]

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Coinbase Ventures Backs Home Crypto Mining Startup Coinmine

Coinmine is a new startup that aims to make in-home mining accessible for non-technical users, based in Los Angeles and founded by Farb Nivi and Justin Lambert. The company has reportedly raised about $2 million from VC funds and angel investors such as Coinbase Ventures and Tinder Chief Product Officer Brian Norgard. Also Read: Kucoin […]

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The BitCoen Token Sale Is Complete

On February 15, 2018, the BitCoen project completed its token sale, having successfully reached the declared hard cap of $2.5 million. The BitCoen team is working to get the BitCoen token listed on popular crypto-exchanges. “The BitCoen token will undergo all the necessary checks, and we expect that in mid-March it will be traded on […]

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Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018

Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports suggest that the company will shelve its IPO plans at least for the remainder of the year. Canaan Allows $400 Million IPO Application to Lapse According to Reuters, Canaan Creative allowed its $400 million […]

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Hash Wars: The Bitcoin Cash Hard Fork Has Begun

Today Thursday, Nov. 15, a majority of the cryptocurrency community is fixated on the contentious Bitcoin Cash (BCH) hard fork and watching the spectacle with great anticipation. At approximately 1:00 p.m. EST miners backing both implementations started the fork process in order to change the Bitcoin Cash protocol ruleset. Currently, at the time of publication, […]

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Market Value of Bitcoin Falls Below $100 Billion, First Time Since October

Bitcoin has fallen below the $100 billion market cap value, a figure not seen since it happened last October. Market Blood Bath The last 24 hours have not been good for the crypto industry. Yesterday, the market became a sea of red as prices dropped between 10-20 percent in value. Bitcoin, which has been trading […]

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Binance Will Support USDC Trading Starting November 17

Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binance’s own token, BNB. The company made the announcement on […]

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Canaan’s Hong Kong Listing Plans in Limbo

Plans by bitcoin mining equipment manufacturer Canaan to list shares on the Hong Kong stock exchange are now uncertain, as the Chinese company’s application for an initial public offering (IPO) expired on Nov. 14 — exactly six months after it submitted the documents to the Asian bourse. Also Read: Bitcoin ATMs Most Common Scam Payment Method […]

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Ripple (XRP) Overtakes Ethereum as Second Biggest Crypto By Market Cap

Ripple (XRP) has once again overtaken Ethereum by market cap amid ongoing cryptocurrency market turbulence and bearish sentiment. Only $100k Separates Ripple and Ethereum As data from Coinmarketcap confirms, Ripple’s XRP token is now the largest altcoin, losing less than Ethereum in the past 24 hours. As a result, ETH is now in the third-largest cryptocurrency, […]

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Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

In recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been […]

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Could Increasing Costs Make ICOs Too Expensive for Startups?

The co-founder of a successful ICO-funded platform believes that the market is changing and it’s becoming more and more expensive for startups to launch ICOs. Last year saw the crypto industry filled with drama as prices soared and mad rushes ensued as people tried to get a piece of that FOMO-inducing Bitcoin action. It also […]

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Seba Crypto Expects Swiss Banking License, Independent Reserve Integrates Tax Tool

In recent exchange news, Seba Crypto AG has predicted that it will receive a Swiss banking license within the first half of 2019. We also look at the Independent Reserve, which has integrated a tax estimator tool into its user interface, as well as Point95 Global, which has announced plans to launch a “crypto quantitative […]

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OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina. Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not […]

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Bitcoin Price Plunge Is Only Temporary, Says Brian Kelly

Bitcoin is currently down to its lowest level since October 2017, but Brian Kelly of BKCM LLC says the drop is only temporary. The cryptocurrency market also lost $25 billion in a day of massive losses for almost the entire market. Concerns Over Bitcoin Cash Hard Fork Wednesday, November 14th, saw Bitcoin plummet by more […]

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New York Regulator Issues BitLicense to NYDIG For Custody and Trading

New York State Department of Financial Services (NYDFS) has approved cryptocurrency-related company NYDIG’s application for a digital currency license and a money transmission license. Bitcoin Custody Approved in New York State The NYDFS has formally authorized cryptocurrency-related company NYDIG to offer secure custody as well as trade execution services for several virtual currencies including Bitcoin […]

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Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits. While we’ve seen the market cap of bitcoin and other cryptocurrencies dramatically fall from around $800 billion at its height to around $200 billion today, the number of developers, traders, companies and […]

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Isle of Man Updates Registration Rules for Cryptocurrency Businesses

The financial regulator of the Isle of Man recently introduced changes to its policy governing the registration of companies in the cryptocurrency industry. The British Crown dependency in the Irish Sea is also tightening rules applicable to projects that conduct initial coin offerings (ICOs). Also read: Vietnam at Crossroads on Cryptocurrency Regulations Financial Authority Adopts […]

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Ripple Partners with Leading Malaysian Bank on Cross-Border Payments

Leading Malaysian bank has partnered up with technology company Ripple to use its xCurrent technology in settling cross-border transactions.   Another One Joins the Ripple Train CIMB Group Holdings, a leading Malaysian bank with over 1,000 branches across the region of Southeast Asia, has partnered up with technology firm Ripple. According to a joint press […]

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Such Hard Fork, Much Hot Air? Dogecoin Still Used 4X More Than Bitcoin Cash

Bitcoin Cash may be in the spotlight as cryptocurrency markets tumble, but some have already played down the altcoin’s importance – even compared to Dogecoin. Much Ado About Forking Nothing While commentators from social media pundits to mainstream media networks focus on the Bitcoin Cash (BCH) 00 hard fork to explain the sudden return of […]

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Bitcoin Cash Price Analysis: BCH/USD Approaching Support Ahead of Hard Fork

Bitcoin Cash is down to the bottom of its range seen on the 4-hour chart, testing a major support zone ahead of its hard fork. If the floor holds, a bounce to the range top around $645 could take place while a breakdown could spur a slide that’s the same height as the range. This […]

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Bitfinex Introduces New Fees, Bitmex Rejects Claims It Trades Against Its Customers

In recent cryptocurrency exchange news, Bitfinex has introduced new withdrawal fees, the CEO of Bitmex has refuted accusations that the exchange’s in-house trading desk trades against its customers, and Malta-based Bistraq Exchange has commenced operations. Also Read: Stablecoins Fetch a Premium as BTC Hits Year Low  Bitfinex to Charge 3% on Frequent Withdrawals Bitfinex has introduced […]

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Bitcoin Price Analysis: BTC/USD What Caused That Sharp Drop?

Bitcoin volatility finally picked up but unfortunately for bulls, price tumbled below the bottom of its symmetrical triangle consolidation pattern. This signals that further declines are in the works, likely lasting by the same height as the chart formation. The moving averages are still oscillating, though, and have yet to catch up to the sharp […]

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Australian Taxpayer Scammers Favor Bitcoin over iTunes Vouchers

Cryptocurrencies are often mentioned in the same breath as criminal activity. That situation may not necessarily change in the near future. Australian scammers prefer to obtain Bitcoin over iTunes vouchers. A remarkable trend, albeit it only gives Bitcoin an even worse reputation. iTunes Vouchers Lose Ground The mindset of an online criminal isn’t difficult to […]

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Bitcoin Technical Analysis: Bitcoin Cash Civil War Drives BTC to a 1-Year Low

Holy mackerel! Out of the blue, Bitcoin dropped to a new 12-month low with little notice. Anyone hoping for a Santa Claus rally had better drop to their knees and start the Hail Marys. Market Overview Today Bitcoin (BTC) 00 got nuked. In fact, the entire cryptocurrency market took a direct hit from a 50 […]

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Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax […]

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Stability Shattered as Bitcoin Price Drops Below $5600 for the First Time in More Than a Year

A swift and sudden downturn has left the cryptocurrency market in a sea of red. In fact, fifteen of the Top 20 cryptocurrencies on CoinMarketCap – including Bitcoin (BTC) – are reporting double-digit losses over the past twenty-four hours. Be Careful What You Wish For While some in the crypto community looked at Bitcoin’s recent leveling […]

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Switzerland’s SEBA Says It’s on the Verge of Obtaining a Banking and Securities Dealer License

SEBA Crypto AG – a cryptocurrency startup based in Zug, Switzerland – is allegedly on the verge of obtaining a banking and securities dealer license sometime during the second quarter of 2019. What Can You Do with That? The license will be granted by FINMA, Switzerland’s financial market regulator. Should SEBA obtain the approval it […]

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Stablecoins Fetch a Premium as BTC Hits Year Low

Officially, Wednesday, Nov. 14 will go down as the worst trading day of the year, as BTC sunk to record lows. Unofficially, there were still green shoots to be found if you knew where to look — mostly to the stablecoin sector. These dollar-pegged assets, normally so resistant to volatility, have been trading at a […]

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Maecenas Teams Up with John McAfee to Tokenize Picasso Painting on the Blockchain

A blockchain-based art investment platform has teamed up with John McAfee to tokenize a piece of fine art by Picasso. Putting Art on the Blockchain The investment platform in question is Maecenas. According to a blog post, it is teaming up with McAfee and crypto exchange Ethershift.co to bring artwork from Picasso to the blockchain. It will […]

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Maecenas Teams Up with John McAfee to Tokenise Picasso Painting on the Blockchain

A blockchain-based art investment platform has teamed up with John McAfee to tokenize a piece of fine art by Picasso. Putting Art on the Blockchain The investment platform in question is Maecenas. According to a blog post, it is teaming up with McAfee and crypto exchange Ethershift.co to bring artwork from Picasso to the blockchain. It will […]

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Russian Developers to Help Iran Build Its Crypto-Economy

Experts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.   Also read: Vietnam at Crossroads on Cryptocurrency Regulations Crypto Associations Sign Cooperation Agreement The document has been signed by […]

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Earnings Season: Traders Shift From Cooling Crypto Market to Volatile Stocks

Cryptocurrency markets are seeing further stability this week amid Q4 earnings season. The continuing trend is now even making industry businesses adjust their focus to keep customers interest high. Crypto No Q4 Wild Card While some assets have shown more volatility than others, the picture from within the top ten cryptoassets by market cap remains […]

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Retail Giant Target Becomes Latest Victim of Bitcoin Twitter Scam

The latest victim of a crypto Twitter scam is global retailer, Target. The U.S.-based corporation confirmed that they had suffered a 30-minute security breach. Twitter has been abuzz (aflutter?) recently with crypto scams. Just last week, Live Bitcoin News reported on how billionaire entrepreneur, Elon Musk’s, account was hacked with the Tesla CEO seemingly promising massive […]

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Fork Watch: Disputed Consensus and an Abundance of Game Theory

In less than 24 hours the Bitcoin Cash (BCH) network will be facing a hard fork involving consensus changes that are currently disputed and may lead to a blockchain split. Two development teams have proposed different paths for the Nov. 15 upgrade and the clashing BCH reference implementations will be incompatible with each other after […]

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Korea’s KAIST University Adds Blockchain Application Courses to Curriculum

South Korea’s leading technology university, the Korea Advanced Institute of Science and Technology (KAIST), is working with Theta Labs, the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology.   “We’re kicking things off with a seminar at the electrical engineering school this Friday […]

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New York Department of Financial Services Issues 14th BitLicense

Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. The approval of this so-called “BitLicense” or “Virtual Currency License” application is the 14th of its […]

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Bitcoin Hits the Lowest Level of the Year Thus Far—Entire Market Down

Today is a bleak day for cryptocurrencies everywhere as Bitcoin hits the lowest level of the year thus far. Where Bitcoin goes, the rest of the market tends to follow, and indeed, the index shows us all the top-ten coins are experiencing double-digit losses. Bitcoin Hits Lowest Level of the Year Currently, Bitcoin is down […]

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$30M Shanghai-Based Cryptocurrency Trading Fund to Launch in Early 2019

Shanghai-based digital asset management company is reportedly set to launch a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong. Cryptocurrency Trading Fund: Arbitrage Strategy Point95 Global – a digital asset management firm based in Shanghai, is reportedly planning to set up a new cryptocurrency trading fund in partnership […]

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Kucoin Exchange Raises $20 Million in Series A Funding Round

Singapore-based cryptocurrency exchange Kucoin has announced it has raised a combined total of $20 million in series A funding. Taking part in the Kucoin founding round were IDG Capital, Matrix Partners and Neo Global Capital. Also Read: GMO Internet Reports Crypto Exchange Profit Up Over 34% in Q3 2018 $20 Million for Kucoin Exchange Opened […]

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Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies. Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent […]

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IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital. The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled “Winds of Change: The New Case for […]

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Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds

The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC). According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, […]

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IMF’s Christine Lagarde Encourages Banks to Explore State-Backed Virtual Currencies

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, recently expressed her positive views on the creation of virtual currencies issued by central banks. As more and more government institutions investigate the advantages of cryptocurrencies and blockchain technology, so too do they see the potential benefits of having their own state-backed virtual currency. Iran […]

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Moscow Has 120,000 Residents Using Bitcoin, Yandex Survey Finds

Moscow has an estimated 1 percent or 120,000 people actively using cryptocurrency, according to a new survey from Yandex.  Moscow Has 120,000 Bitcoin Users? The survey was a joint project from the local Information Technology Department (DIT) and payments service Yandex.Money, which saw a modest sample of 1000 residents living in the Russian capital, whose population […]

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Mint Exchange Opens Trading for FX Brokers and Institutions

As cryptocurrency is steadily taking over the online forex trading industry, more and more specifically tailored solutions are being developed. The latest example is an institutional-grade venue built on the widely used Integral FX platform, Mint Exchange. Also Read: GMO Internet Reports Crypto Exchange Profit Up Over 34% in Q3 2018 Refreshing New Taste for […]

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“Bitmain Is Restructuring,” But Jihan Wu Still a Board Director: Source

Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring. Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a co-director of […]

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Circle Invest to Reward App Users with Free Crypto Assets

Companies need to explore different means to boost overall interest in cryptocurrency. Circle Invest has come up with a novel way of rewarding its clients. Users of the application will receive a free asset between now and the end of 2018. Which free coins users will get, is completely random. Some lucky users may even […]

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Bitcoin Price Hits 2018 Low Amid Cries of ‘Capitulation’

Bitcoin price finally broke through $6,000 support, falling as low as $5,500 with the price still volatile at press time. Bitcoin Price Hits 2018 Low As Bitcoin (BTC) price has flatlined as of late, one could say that it was a welcome sight to have some action and volume. The bad news, however, for those […]

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SimpleFX Comes up With an Impressive 50% Black Friday Discount!

Black Friday is coming. It’s another US tradition that has gone global. The day after Thanksgiving all businesses offer amazing discounts to celebrate the beginning of the end-of-the-year shopping season. Black Friday starts a worldwide campaign to boost retail spending. On Black Friday there are promotions everywhere. The retail stores aim at emptying their stock […]

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When the Fork Forks: What You Need to Know as Bitcoin Cash Goes to War

Around 16:40 UTC tomorrow, November 15, 2018, the Bitcoin Cash network is set to undergo another hard fork upgrade. But contention about this upgrade has left the Bitcoin Cash ecosystem divided, which could once again lead to a split into multiple projects and coins. Here’s what you need to know to get up to speed. […]

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IMF: Central Banks Could Issue Digital Currency

Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said central banks throughout the world should consider issuing digital currency to make transactions more secure. At a recent conference in Singapore, Lagarde argued that state-backed cryptocurrencies could satisfy public policy goals related to financial inclusion, consumer protection, privacy and fraud prevention. Also […]

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Bitcoin Has Netted 0.347% Profit Per Day For Holders Since 2011

Despite the decline of Bitcoin throughout the entirety of 2018, the world’s leading cryptocurrency’s daily average profit of  0.347 percent per day has been generous for its long-term holders. Bitcoin: A Store of Value Indeed Bitcoin’s (BTC) 00 daily moving average since January 1st, 2011, is 0.347 percent in the positive. Clavestone, an institutional-grade Bitcoin key management company […]

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Google Account on Twitter Hacked to Promote Bitcoin Fraud

An official Google account on the social media platform, Twitter, was compromised to promote a Bitcoin-related scam. One More Breach on Twitter The official Twitter account of G Suite, a cloud service from Google, was hacked earlier on Tuesday to promote a Bitcoin giveaway scam, reports The Next Web. The post, which appeared on the […]

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Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992. On October 15, 2018, tether, the market dominating stablecoin with a market cap of $2 billion, was attacked, breaking tether’s peg to […]

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Preparing for the Looming Bitcoin Cash Fork

On Nov. 15, the Bitcoin Cash (BCH) network faces a contentious fork and many BCH users have been wondering what to do with their funds before the consensus changes. In order to address some questions concerning the upcoming fork, news.Bitcoin.com has outlined some of the options available for BCH proponents. Also read: A Look at […]

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Finbitex: A Trading Platform by the Experts

Cryptocurrency trading is one of the most lucrative trading experiences one can have, thanks to the volatility of the assets, not to mention the most-anticipated end-of-the-year crypto bull-run. When it comes to executing profitable trades, a reliable brokerage firm or trading platform is very important, and what’s better than something that has been developed by […]

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IMF’s Lagarde Says It’s Time to Consider State-Issued Digital Currencies

Head of the International Monetary Fund, Christine Lagarde, said that central banks should consider issuing state-backed digital currency. The IMF head gave her advice during a speech delivered at the Singapore Fintech Festival. Digital or Crypto? In the speech, Lagarde addressed the ever-changing nature of currency through the ages, towards the digital cashless model of […]

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The Growth of Security Tokens in 2018

2018 was meant to be the year of security tokens. The number of projects seeking to launch security token offerings (STOs) would mushroom, we were told, and a string of accredited trading venues would emerge where these instruments could be exchanged. The release of two new reports into the STO market provides an opportunity to […]

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Finbitex Review: Innovative Cryptocurrency Trading

Finbitex represents a leading financial services provider, delivering a wide range of cryptocurrency investment products in contracts for difference (CFDs). Combining a diversified product list, comprehensive technology, and broad network, the platform aims to bring unique and convenient trading experience. Finbitex’s Mission The Finbitex trading platform has been conceptualized and developed by a team of […]

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Bitmain Co-Founder Jihan Wu Stripped of Executive Authority in Possible IPO-Related Shakeup

In a development that has surprised many in the crypto community, Bitmain co-founder Jihan Wu has reportedly been stripped of executive authority and is no longer calling the shots at the company. Bitmain’s Jihan Wu Demoted Jihan Wu, the co-founder of Bitmain, the world’s largest cryptocurrency mining equipment manufacturer, has lost his executive position in […]

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How Sovereign: Marshall Islands Set to Release Its National Cryptocurrency

Hilda Heine – president of the Republic of Marshall Islands (RMI) – has announced that the country will proceed with plans for a national cryptocurrency. Heine has survived the country’s latest election, which means she’s looking to ensure the Marshall Islands’ future as a digital currency wavemaker. Why Issue Such a Token? The Marshall Islands […]

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The Daily: Coincheck Relists Nem, Okex Adds Dong

In this edition of The Daily, we report on Coincheck’s decision to resume nem (XEM) trading and relist two other coins — ether (ETH) and lisk (LSK). Also, Digital asset exchange Okex has added support for the Vietnamese fiat currency on its C2C platform and we cover the reasoning behind the move. Also in The […]

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Bitcoin Cash Technical Analysis: Finally, Some BCH Price Action!

The latest Bitcoin Cash technical analysis wades through the FUD, speculation and an all-out crypto-war to figure out what’s in store for BCH price with the looming hard-fork. Bitcoin Cash Technical Analysis Bitcoin Cash (BCH) 00 is nice and frothy on the expectation of the November 15th fork. Currently, BCH price shorts are outpacing longs […]

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Ripple Price Analysis: XRP/USD Triangle Breakout to Give Directional Clues

Ripple has formed lower highs and higher lows to create a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing support and might be due for another bounce back to the top. Note that Ripple is also nearing the peak of this triangle formation, which suggests that a breakout in either direction […]

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PR: Bithumb Celebrates Its Fifth Anniversary with BTC Air Drops

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The global cryptocurrency stock exchange Bithumb is holding its third […]

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Bitcoin Price Analysis: BTC/USD Complex Reversal Pattern Forming

Bitcoin could be done with its slide as it forms a complex double bottom on its 4-hour time frame. Price failed in its last two attempts to close below the $6,300 area, creating a potential reversal pattern with the neckline at $6,600-6,700. A break past this resistance could lead to an uptrend that’s at least […]

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Crypto Music Festivals Are Setting a Precedent for Future Gatherings

Last month, Bitcoinist reported on Our Music Festival (OMF), a cryptocurrency music festival held in Berkeley at the end of October. OMF’s crypto environment sets a precedent for future festivals like South by Southwest, which will host a series of crypto-related events and talks next year. The University of California at Berkeley served as the site […]

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Crypto Firm Ambidant Marketing Faked Halal Investment Opportunities

Indian government officials are cracking down on cryptocurrency companies. Especially service providers which are deemed potentially fraudulent are of great interest. Ambidant Marketing and Investment is one of those companies under a lot of scrutiny. The father-and-son team offered “faked” halal investment opportunities to attract wealthy Muslims. The Ambidant Marketing Ploy Operated by Syed Fareed […]

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Snake Bite! McAfee Labs Reveals New Crypto-Jacking Software ‘WebCobra’

Researchers at McAfee Labs have discovered a new form of Russian crypto-jacking malware called “WebCobra.” The software silently infects a victim’s computer and installs either a Cryptonight miner or Claymore’s Zcash miner into their system. How Does It All Work? Crypto-jacking is an illegal process in which a hacker takes control of a person’s computer […]

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Target Twitter Account Hacked by Bitcoin Scammers

A recent hack involving the Twitter of retailer Target has wise investors doubling down on too-good-to-be-true offers. Target Becomes the Target The cryptocurrency community is no stranger to hacks and scams and most hodlers are wise enough to steer clear of too-good-to-be-true ICOs and The Real Real Elon Musk #GivingAwayFreeETH Twitter scams. In spite of […]

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‘Watch What Happens to Crypto’ in the Next Financial Crisis, Says ShapeShift CEO

The rising level of U.S. debt could see the price of Bitcoin rise. That’s according to the CEO of ShapeShift, who believes debt in America will cripple the economy. Will People Turn to Bitcoin? This is the opinion of Erik Voorhees, CEO of ShapeShift, a digital currency exchange. It is his belief that the crypto market […]

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Industry Experts in Detroit Discuss Crypto Adoption and Blockchain Opportunities

A recent event held in the U.S. city of Detroit shows that many industry professionals believe in the power of cryptocurrencies and blockchain technology but also feel that mass adoption won’t be happening overnight. While a decade old, last year saw blockchain technology and cryptocurrencies move from the shadowy recesses of the great unknown into […]

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CoinJar Co-Founder Says Stablecoins Are the “Craze Right Now”

The co-founder of a Melbourne-based Bitcoin exchange has said that stablecoins are the “craze right now,” with money and expertise moving toward it. Rising Interest in Stablecoins Asher Tan is one of the founders of CoinJar, a Bitcoin exchange based in Melbourne. Speaking in an interview with the Financial Review, he talked about the rise […]

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Bitmain Sues Anonymous Hacker Over $5.5 Million Theft

n nn nn Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5.5 million in cryptocurrency last April from the companys account on the digital exchange Binance.The hackers identity is still unknown, and hes described only as John Doe in official court documents, which were filed in accordance with the lawsuit on […]

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Ripple Files to Move Securities Lawsuit from State to Federal Court

n nn nn Ripples legal team in their ongoing securities suit is attempting a new tack to have the claim proceed at the federal level.In a move that legal commentator Jake Chervinsky described as seriously crafty, Ripple has filed a formal notice-of-removal motion to have their most recent securities suit, Zakinov et al v. Ripple, […]

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Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

n nn nn The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each others knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands […]

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Thailand Uses Blockchain-Supported Electronic Voting System in Primaries

n nn nn Thailand’s Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 19, 2018. In a live e-voting system, more than 120,000 party faithful cast their votes in a transparent way that saw former Thai Prime Minister Abhisit […]

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Bitcoin Daily Transactions Climb to Ten Month High Despite Prolonged Bear Market

Bitcoin daily transaction recently reached its highest level since the middle of January 2018. The top-ranked cryptocurrency based on market capitalization continues to go through a bear market with prolonged periods of sideways trading. Daily Bitcoin Transactions on the Rise According to Blockchain, current Bitcoin average daily transaction stands at a little over 300,000. This […]

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Lightning Network Passes 4000 Nodes, Reaches All-Time Capacity High

Bitcoin’s nascent mainnet implementation of the Lightning Network (LN) has reached a new milestone, passing 4,000 nodes for the first time. Lightning Handles $750K Data from monitoring resource 1ML confirms the latest growth of Bitcoin’s second layer designed for fast er and cheaper payments, Lightning Network, which at press time November 13 had a total […]

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Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment

Japan’s GMO Internet has postponed the shipments of its two lines of 7nm bitcoin mining rigs. A representative of the company has clarified the situation to news.Bitcoin.com, noting that some refunds have already been issued. In addition, the company is planning to relocate its mining operations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

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Binance CEO Talks About the Next Bitcoin Rally

Changpeng Zhao, CEO of Binance, talks about the cryptocurrency market situation and the possible timing of the next Bitcoin bull run. A Quiet Year so Far Bitcoin hit its all-time high of nearly $20,000 in December last year. Since then, the cryptocurrency has only moved downwards and, over the previous few weeks, stabilized between the […]

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Bitcoin ATM Milestone: Closing in on 4000 Machines Worldwide

The number of Bitcoin ATMs worldwide is increasing. So much so, that the industry could hit the 4,000 figure in just over a week. 3,961 and Counting At the time of writing, there are currently 3,962 Bitcoin ATMs installed around the world, according to CoinATMRadar. The country with the highest number of installed machines is […]

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Isle of Man Tightens Requirements for Cryptocurrency Businesses & ICOs

The Isle of Man recently updated its Designated Businesses Registration policy concerning cryptocurrency companies operating in the British Crown dependency.  Isle of Man Posts New Requirements The Island’s financial regulators also wish to sanitize the local virtual currency scene, doing away with projects that have zero utility. Details of the policy changes form part of […]

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Thailand Uses Blockchain-Supported Electronic Voting System in Primaries

Thailand’s Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1–9, 2018. In a live e-voting system, more than 120,000 party faithful cast their votes in a transparent way that saw former Thai Prime Minister Abhisit Vejjajiva winning his […]

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Far-Right Activist Tommy Robinson Turns to Bitcoin After PayPal Ban

English Defence League founder Tommy Robinson has turned to Bitcoin after PayPal bans him from its platform. Far-right activist Tommy Robinson (real name of Stephen Christopher Yaxley-Lennon) is no stranger to controversy. Robinson is the founder of the English Defence League, a group that is either considered a group of racist Nazis targeting Muslims or […]

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Tommy Robinson Turns to Bitcoin After PayPal Ban

English Defence League founder Tommy Robinson has turned to Bitcoin after PayPal bans him from its platform. Far-right activist Tommy Robinson (real name of Stephen Christopher Yaxley-Lennon) is no stranger to controversy. Robinson is the founder of the English Defence League, a group that is either considered a group of racist Nazis targeting Muslims or […]

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Bitcoin Cash Hard Fork is Near: What You Should Know!

A Bitcoin Cash hard fork will happen on Thursday, November 15th. Bitcoin Cash is already a hard fork of Bitcoin and has since grown to become the fourth-largest cryptocurrency. Now the digital currency will split in two, creating a second cryptocurrency. The two digital currencies go by the names Bitcoin ABC, which is the continuation […]

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Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets. […]

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Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed Figure

Bitcoin Group SE has bought 100 percent shares of investment bank Tremmel for an undisclosed amount. This is the German digital currency exchange operator’s second acquisition in 2018. Bitcoin Group, which holds current assets of $40 million, said Tremmel allows it to issue its own cryptocurrency-related products, conduct proprietary trading and operate bitcoin ATMs. Also […]

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Ripple Files to Move Securities Lawsuit from State to Federal Court

Ripple’s legal team in their ongoing securities suit is attempting a new tack: to have the claim proceed at the federal level. In a move that legal commentator Jake Chervinsky described as “seriously crafty,” Ripple has filed a formal notice-of-removal motion to have their most recent securities suit, Zakinov et al v. Ripple, tried in […]

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Japenese Crypto Exchange Coincheck Resumes NEM (XEM) Trade Ten Months Later

After ten months of stagnancy, the newly re-opened Japenese cryptocurrency exchange Coincheck has resumed its NEM (XEM) trading. According to a South Korean news source FNNews, Coincheck has restricted its platform by external ‘security experts.’ 一部仮想通貨の入金・購入再開のお知らせ(ETH・XEM・LSK)https://t.co/g3Hc9rzxZ1 — Coincheck(コインチェック) (@coincheckjp) November 12, 2018 NEM (XEM) Trading Resumes on Coincheck Back in January, Coincheck suffered the largest cryptocurrency exchange […]

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Bitmain Sues Anonymous Hacker Over $5.5 Million Theft

Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5.5 million in cryptocurrency last April from the company’s account on the digital exchange Binance. The hacker’s identity is still unknown, and he’s described only as “John Doe” in official court documents, which were filed in accordance with the lawsuit on November 7, […]

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Would You Pay $30k to Withdraw $1m? What You Need to Know About Bitfinex’s New 3% Wire Withdrawal Fee

Bitfinex, the 17th largest cryptocurrency exchange by trade volume, has announced a new fee structure for high volume / high value fiat withdrawals. Bitfinex Hikes Fee Bitfinex, one of the leading cryptocurrency exchanges, earlier on Sunday made an announcement on its website revealing a new fee structure for fiat withdrawals. According to the announcement, effective […]

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OKEx Adds Support for the Vietnamese Dong on Its Fiat-to-Crypto Platform

n nn nn Malta-based cryptocurrency exchange OKEx has added the Vietnamese Dong VND on its Customer-to-Customer C2C trading system, enabling Vietnamese customers to exchange their fiat currency for tokens on the platform.The C2C platform was created by OKEx in 2017 as a peer-to-peer platform where users can buy and sell cryptocurrencies using fiat currencies. OKExs […]

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Cryptocurrency Miners Vanish in Sweden, Leaving Big Electricity Bill

The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives. The companies involved have simply disappeared leaving only unpaid bills in their wake. Above the Arctic Circle, Sweden The most northerly Swedish county, over half of Norrbotten’s area lies within the arctic circle. Cool conditions for mining cryptocurrency, […]

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Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, […]

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Ripple CEO Discusses the Need for a Global Framework and Taking Over SWIFT Payments

Ripple CEO Brad Garlinghouse recently spoke about how global regulations can foster institutional adoption as well as the company’s impact on SWIFT payments. Ripple’s blockchain-based payment technology is grabbing the attention of more and more financial institutions all around the world. Banks in the U.S. and Saudi Arabia are using its technology and Live Bitcoin News just […]

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