Founders of Shinil Group Investigated by South Korean Police for Cryptocurrency Scam

Korean law enforcement agents are now pointing their searchlight into the operations of Shinil Group, a firm that claimed to have found more than $100 billion worth of gold in a sunken Russian shipwreck. дальше »

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UBS: US Bitcoin should attack $ 213000 to change the payment

Zurich-based investment bank and financial services company Union Bank of Switzerland (UBS) has said that the Bitcoin (BTC) price must hit nearly $213,000 to replace U. S. money supply, Bloomberg reported August 2. дальше »

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Apple Enters Trillion-Dollar Club, Though It’s Alone There For Now

Image source: YouTube Video Screenshot Apple, which was on the verge of bankruptcy in the late 90s, is now the first U.S. company to hit a $1 trillion market cap. Apple’s latest milestone follows the jump in its stock after it reported another set of strong quarterly earnings numbers earlier this week. Not the first […] дальше »

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UBS:Bitcoin needs to hit $213,000 to replace united states money supply

Zurich-based investment bank and financial services company Union Bank of Switzerland (UBS) has said that the Bitcoin (BTC) price must hit nearly $213,000 to replace U. S. money supply, Bloomberg reported August 2. дальше »

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Monero Glitch Allowed Hackers To Steal XMR From Exchanges

The Next Web’s in-house cryptocurrency column recently reported that Monero, the foremost privacy-centric cryptocurrency, was subject to a relatively minor cybersecurity vulnerability. According to the technology news outlet, “inventive” hackers could create false transaction data via the copying of a simple line of code from the Monero wallet code base, which is open-sourced and easily […] The post Monero Glitch Allowed Hackers To Steal XMR From Exchanges appeared first on Ethereum World News. дальше »

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SIM Hijacking Spree Ravages 40 Cryptocurrency Investors, Over $5M Stolen

A brief series of cyber attacks recently led to the theft of an astoundingly large amount of cryptocurrency. The perpetrator, Joel Ortiz, broke into his victims’ cryptocurrency accounts and withdrew funds. дальше »

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Fancy a TV that Mines Bitcoin? Canaan just Launched one

The world’s second largest maker of bitcoin mining equipment, Canaan Creative, has launched the first ever bitcoin mining television set. As reported in the South China Morning Post on August 2, 2018, the launch comes as part of a push to build a new generation of smart, connected devices that can support blockchain development and Internet of Things (IoT) frameworks. дальше »

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Fancy a TV That Mines Bitcoin? Canaan just Launched one

The world’s second largest maker of bitcoin mining equipment, Canaan Creative, has launched the first ever bitcoin mining television set. As reported in the South China Morning Post on August 2, 2018, the launch comes as part of a push to build a new generation of smart, connected devices that can support blockchain development and Internet of Things (IoT) frameworks. дальше »

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Crypto Hedge Fund Records 10,000% Returns

Move over, Warren Buffett. A crypto capital fund has just reported its earnings, and the gains make the Oracle of Omaha look positively nearsighted. Pantera Capital, a blockchain hedge fund with $700 MN under management, reported lifetime returns to their investors of over 10,000 percent. дальше »

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Philippine Securities and Exchange Commission Approves Draft Rules for Initial Coin Offerings and Cryptocurrencies

News The Philippine SEC (Security and Exchange Commission) approved draft rules for initial coin offerings (ICOs), ABS CBN News reported. Also read: Philippine SEC to Develop Cryptocurrency Regulations All Entities Embarking on ICOs to Register With the SEC First In February, news. дальше »

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South Korean Shipwreck Probed for Potential ICO Scam

A possible ICO scam is under investigation in South Korea after a much-publicized shipwreck attracted the suspicions of local authorities. Sunken Treasures As reported by local outlet Korea Joongang Daily on August 1, 2018, Seoul-based Shinil Group is facing the heat as a critical figure in the scam. дальше »

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$37 million of bitcoin revenue assist square accelerate increase in q2

Finance Square has reported its Q2 2018 financial results, revealing that $37 million of Bitcoin-related revenue helped the company accelerate its growth during the period. Also Read: Coinmarketcap Launches Professional API and Derivatives Markets $37 Million of Bitcoin Revenue Square Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has posted its financial дальше »

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Uk mo voluntarily leave two blockchain roles over ‘Secret’ ico pay deal

A high-profile UK Conservative Member of Parliament (MP) has resigned from two blockchain-related positions after media investigations into an allegedly undisclosed pay deal for his advisory role in a blockchain startup, FT Alphaville reported yesterday, August 1. дальше »

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Philippine SEC Approves Draft Rules for ICOs and Crypto

The Philippine SEC (Security and Exchange Commission) approved draft rules for initial coin offerings (ICOs), ABS CBN News reported. This official approval will pave the way for the legal sale of cryptocurrencies in the Philippines. дальше »

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$37 Million of Bitcoin Revenue Helps Square Accelerate Growth in Q2

Square has reported its Q2 2018 financial results, revealing that $37 million of Bitcoin-related revenue helped the company accelerate its growth during the period. While the company still made very little profit from cryptocurrency trading in Q2, management is content with not trying to push the monetization of the feature just yet. дальше »

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‘No Reason to Not Allow’ the Bitcoin ETF to Go Ahead — Says SEC Commissioner

SEC Commissioner Hester Peirce explained why she is pro-Bitcoin ETF and why the Commission rejected the Winklevoss’ Twins latest rule change application. ‘I’m a Big Fan of Innovation’ In an interview with CNBC’s Cryptotrader host, Ran Neuner, SEC Commissioner Hester Peirce explained that she is currently one of four commissioners responsible for the fate of the Bitcoin ETF (though there are typically five when Commission is at full strength). дальше »

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Blockchain Technology is Expected to Grow Quickly in the Asia Pacific (APAC) Region

According to TechWireAsia, the Asia Pacific (APAC) region is one of the fastest growing regions when it comes to blockchain spending in 2018. In terms of blockchain spending, they are currently ranked third, after the U. дальше »

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Bithumb Temporarily Stops Accepting New Clients amid Reported Bank Woes

Local media claim a major bank refused to renew its contract with Bithumb, while the exchange says new account creation has been suspended because of “virtual service account improvement.” дальше »

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Iran to Fully Legalize Cryptocurrency in Near Future

The Iranian Financial Tribune reports today that it is likely that Iran will fully legalize cryptocurrency in the near future. In April of this year, the country’s central bank issued an outright ban on all cryptocurrency, followed by a censorship campaign launched against exchanges in July. дальше »

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China: Prominent Bank Issues $300,000 Loan Using Blockchain Technology

On July 31, 2018, the Agricultural Bank of China (ABC) revealed it had successfully completed a $300,000 loan using a private blockchain. Loan Issuance Via Blockchain As reported by Chinese outlet Financial News, ABC’s Guizhou bank branch was the facilitator of this development. дальше »

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BTC/BCH Payment Service Bitpay Reports Growing Usage Processing $1.2 billion USD

Bitpay’s chief operating officer, Sonny Singh, recently attested to the efficacy of bitcoin as a means of payment, stating that “bitcoin is being used all around the world for things other than speculation and trading. дальше »

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Cryptocurrency Mining Scam Disguised as Indie Game Pulled from Steam

Valve, the parent company of popular gaming marketplace Steam, redacted a nefarious indie game that allegedly deployed cryptocurrency mining malware on user computers under the guise of an interactive application. дальше »

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SIM Hijacking Spree Ravages 40 Cryptocurrency Investors, Over $5M Stolen

A brief series of cyber attacks recently led to the theft of an astoundingly large amount of cryptocurrency. The perpetrator, Joel Ortiz, broke into his victims’ cryptocurrency accounts and withdrew funds. дальше »

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Iran to Fully Legalize Cryptocurrency in Near Future

The Iranian Financial Tribune reports today that it is likely that Iran will fully legalize cryptocurrency in the near future. In April of this year, the country’s central bank issued an outright ban on all cryptocurrency, followed by a censorship campaign launched against exchanges in July. дальше »

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Blockchain Technology is Expected to Grow Quickly in the Asia Pacific (APAC) Region

According to TechWireAsia, the Asia Pacific (APAC) region is one of the fastest growing regions when it comes to blockchain spending in 2018. In terms of blockchain spending, they are currently ranked third, after the U. дальше »

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Wormhole Project Launches — $1.2M Worth of BCH Burned So Far

Last week, news. Bitcoin. com reported on the Wormhole announcement of a tokenization and smart contract platform project for the Bitcoin Cash (BCH) network. The Wormhole protocol was initiated by the firm Bitmain Technologies, and the codebase is a fork from the Omni Layer protocol. дальше »

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[promoted] GXChain and the Blockchain Data Economy

Imagine a new digital economy, one that allows everyday people to take full control of their personal data. Complete with a public chain for data transactions and application development, this system would foster a trustworthy, domain-wide data exchange that capitalizes on the torrent of advancements taking place through blockchain technology. дальше »

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Bitcoin Mining Company Long Blockchain has moved into the Loyalty Market

Long Blockchain Corp. , the drinks manufacturer turned blockchain startup, announced that it had again changed its line of business and will now also focus on loyalty schemes, local news outlet Long Island Business News reported July 31. дальше »

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Northern Trusts are doing their part to aid in cryptocurrency investments

U.S.-based custody bank Northern Trust is helping traditional “mainstream” hedge funds expand into cryptocurrencies, Forbes reported Tuesday. Northern Trust’s president, Pete Cherecwich, told the news organization that the financial services firm is working with three hedge funds – whose names he declined to provide – to add cryptocurrency investments to their portfolios. To that end, Northern Trust дальше »

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U.S. Investors See Bitcoin as “Risky,” Opt for “Security Over Growth”

Figures from a recent poll indicate that bitcoin and cryptocurrency are still viewed with suspicion by most U. S. investors, with only 2 percent of them holding bitcoin and another 75 percent of them describing bitcoin as “very risky. дальше »

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Facebook and Instagram officially announce new tools to fight social media addiction

Remember the time before our collective social media addiction? The freedom? The frolicking? The lack of people calling you a “snowflake libtard” after you make an innocuous comment?  Wonderful days. дальше »

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Finance Giant Northern Trust Expands to Blockchain and Cryptocurrency

Northern Trust, the 486th largest corporation in the USA, has become the latest financial giant to expand operations into cryptocurrency and blockchain. As reported by Forbes, the 129-year-old institution now provides fund administration to a select group of hedge funds trading Bitcoin and Ethereum and incorporates blockchain-based software for managing private equity workflow. дальше »

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Bitcoin's Price Eyes Consolidation After 11% Decline

Bitcoin's price could trade in a narrow range in the next 24 hours, courtesy of oversold conditions reported by short duration technical charts. дальше »

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Largest Crypto Miner To IPO In Hong Kong

This week, it was reported that the co-CEO of Bitmain Technologies, the world’s largest cryptocurrency mining company, has revealed plans to conduct an initial public offering in Hong Kong. The IPO would give early investors, including Sequoia Capital and IDG Capital, an opportunity to cash out. дальше »

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Barclays, Citigroup and other major banks register for a testing block

Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Bridge Between New and Existing Technologies LedgerConnect attempts to provide a comprehensive platform in order to further incentivize banks to take advantage of blockchain projects. The project is designated to deliver easy дальше »

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South Korean authorities are investigating a possible crypto investment scam involving the Seoul-based Shinil Group as the key figure, Korea JoongAng Daily reported July 31. Shinil Group (Shinil) allegedly promised to pay investors in gold from a sunken Russian shipwreck. дальше »

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Barclays, Citigroup, and Other Big Banks Sign Up for a Trial Blockchain Project

Nine banking giants are taking part in an app store trial for programs which are based on distributed ledger technology (DLT), further showcasing their interest towards the field and validating its merits. дальше »

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ICO Research Firms in South Korea Are Gaining Popularity

The rising threat of frauds and blatant exit-scams from ICO firms and token issuers is set to slow down in the months to come, as several cryptocurrency-centric security firms have set up shop to fight against the nuisance, reported Business Korea on July 30, 2018. дальше »

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Korean Officials Probe Shipwreck ICO for Possible Fraud

Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported. дальше »

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Binance Exchange is Acquiring Cryptocurrency Wallet Provider Trust Wallet

Binance is Buying Crypto Wallet Provider Trust Wallet Binance, one of the world’s largest crypto exchanges, just made its first acquisition. The company is purchasing crypto wallet provider and decentralized application browser Trust Wallet. дальше »

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Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight

In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […] The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News. дальше »

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Abstractism Deny Wrongdoing As Steam Remove Illicit Miner From Gaming Platform

Just this morning we reported on a game, available via Steam that goes by the name of Abstractism. The game was designed to be a benign platform designed for procrastination and wasting time. After further investigation by YouTuber, SidAlpha, it transpires that the game actually contained an illicit cryptocurrency miner, that was abusing the processing powers of users computers to illegally mine cryptocurrencies. дальше »

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Japanese Bitcoin Exchanges Planning Several Trading Restrictions: Report

The association of 16 government-approved bitcoin exchanges is reportedly working on imposing a number of trading restrictions. Jiji Press reported that there is a plan to impose trading limits for all users and additional restrictions for minors and the elderly. дальше »

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Sky Mining CEO Disappears With $35 Million, Claims Medical Issues

The CEO of Vietnam-based mining platform Sky Mining has allegedly disappeared with over $35 million in company and investor funds, claiming that medical issues have required him to temporarily leave the country. дальше »

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House Committee on Agriculture Studies Cryptocurrency with a Surprisingly Positive Tone

The U.S. House Committee on Agriculture held a hearing on July 18, 2018 to discuss cryptocurrencies and digital assets. According to the opening statement, the hearing’s goal was to help the committee and community understand what cryptocurrencies are while exploring the regulatory challenges and uncertainties that currently face this industry. As reported by Vice News, […] дальше »

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South Korea is Pioneering Cryptocurrency Research Centers For Mass Adoption

South Korean Crypto Research Centers Means Mass Adoption? Business Korea, a local media source, reported that the country has started to launch cryptocurrency research centers. The purpose of such centers is to provide potential investors with the information and knowledge necessary to make smart investments and to promote the mass use of cryptocurrency as well. […] дальше »

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Bitcoin.org Removed from Bitcoin Core Website

About four days ago news. Bitcoin. com reported on a dispute concerning the removal of the owner of Bitcoin. org, an anonymous figure known as ‘Cobra. ’ At the time a Github contributor opened an issue on the website’s repository, saying that Cobra had become untrustworthy for showing support towards the Bitcoin Cash (BCH) network. дальше »

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Novogratz’s Crypto Bank will begin trading on Toronto Stock Exchange starting August 1

According to the latest report from Bloomberg, Mike Novogratz’s cryptocurrency merchant bank Galaxy Digital is all set to trade on the Toronto’s TSX Venture Exchange from the 1st of August, 2018. Earlier this year in February, CoinSpeaker reported that the Galaxy Digital merchant bank had raised $250 million. This was just the time then when дальше »

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Crypto mining applications are no longer being accepted by the Washington Utility

A customer-owned utilities company in rural Washington has stopped accepting applications for electricity from crypto mining and similar blockchain operations, the Seattle Times reported July 30. The Franklin Public Utility District commissioners (PUD) have approved a moratorium that will allow time for staff to investigate the impact of cryptocurrency mining on the electrical system before дальше »

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Cryptocurrency Mining Firm Founder Swindles $35 Million of Investor Funds after Citing Low Profitability and Rising Expenses

The founder of a Vietnamese cryptocurrency firm has allegedly fled after swindling investors to the tune of millions, as reported by VNExpress on July 29, 2018. Millions Stolen Investors and board members of the Ho Chi Minh City-based mining company, Sky Mining, are claiming to be victims of a fraud case after the company’s founder, Le Minh Tam, went missing. дальше »

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