Digix announces ‘Project Ragnarok’ integration of dissolution mechanism for its DigixDAO platform. Gold-backed stablecoin issuer Digix has integrated a dissolution mechanism into its DigixDAO platform, created to fund projects which encourage the growth of the Digix ecosystem. Each quarter, DGD token holders will vote on the mechanism — called Project Ragnarok — with DigixDAO only […]
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Libra white paper is quietly updated with amended Libra Association members and removal of dividends for early investors. The white paper for Facebook’s proposed Libra currency has been quietly updated, according to a Dec. 10 article written by Georgetown University law professor, Chris Brummer. Aside from expected amendments reflecting the revised Libra Association members, the […]
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Serial Entrepreneur Alex Mashinsky stated that the entire internet will become an application on the blockchain due to the rise of fake news. Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks. “The centralization of […]
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Lisk’s Lightcurve team reduces workforce by 40% in an attempt to reduce operational overheads and become more agile again. Blockchain development studio Lightcurve — a part of the Lisk open-source blockchain application platform — laid off 40% of its workforce earlier this week. Lightcurve and Lisk co-founder, Max Kordek, announced the decision earlier this week […]
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Riot Blockchain announces additional 1,000 new Antminer S17-Pro mining rig purchase, bringing recent order totals to 4,000 in December. Cryptocurrency mining firm Riot Blockchain announced the purchase of an additional 1,000 next-generation Bitmain S17-Pro Antminers on Dec.12. This completes the upgrade of its Oklahoma City mining facility, following an initial purchase of 3,000 units announced […]
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New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution. New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution. In a press release published on Dec. 12, both firms took pains to stress that the solution […]
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A bizarre wager between two major Bitcoin traders turns sour after it emerged one allegedly tried to prop up BTC/USD to guarantee a win. Bitcoin (BTC) price may have spiked throughout the global market on Dec. 12 due to the actions of a single bagholder — trying to win a $10,000 Dogecoin (DOGE) bet. In […]
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The government of crypto-friendly Switzerland has said that there are no current benefits to issuing a digital franc. The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now. According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report […]
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Legal action against Circle Society and its operator continues, two months after regulators charged both with fraud over an alleged $11 million BItcoin scheme. A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million. In a filing with the United States […]
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A Pennsylvania man has been charged with conspiracy to commit wire fraud and extortion via a SIM swapping scheme targeting crypto execs and investors. United States authorities have charged a Pennsylvania man with conspiracy to commit wire fraud and extortion via a series of SIM swaps targeting cryptocurrency execs and investors. SIM-swapping — alternatively known […]
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