Dubai-based crypto firm ABBC Foundation agreed to stop using name “Alibaba” after legal action by Chinese e-commerce giant Alibaba Group. Dubai-based crypto firm ABBC Foundation has agreed to stop using the name “Alibaba” for its cryptocurrency after legal action by Chinese e-commerce giant Alibaba Group, Reuters reported on March 11. The decision from ABBC Foundation […]
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The trend may mean lawyers must move with the times, but risks remain, says one legal source. Cryptocurrency payments are a topic of increasing interest for United States lawyers following a recent conference panel, Bloomberg Law reported on March 11. Referencing participants in the 18th Annual Legal Malpractice & Risk Management (LMRM) Conference, which ran […]
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Long Blockchain Corp (i.e., Long Island Iced Tea), has reached an agreement to sell its beverage business. On March 6, Long Blockchain Corp., previously known as Long Island Iced Tea, reached an agreement to sell its beverage business. In December 2017, the firm rebranded itself to focus on blockchain development and enjoyed a 289 percent […]
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UK-based banking giant HSBC is seeking Korean banking partners to expand the R3-backed blockchain platform Voltron to the region. United Kingdom-based banking giant HSBC is seeking banking partners in South Korea to deploy the blockchain platform Voltron in the country, Korean news outlet The Korea Times reports on Tuesday, March 12. As reported, Voltron is […]
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The Central Bank of Russia has suggested that the parliament set a yearly limit of $9,100 for crypto assets transactions performed by “unqualified investors.” The Central Bank of Russia wants to set an annual limit for so-called “unqualified investors” that want to purchase digital assets, local business media giant RBC reported on Tuesday, March 12. […]
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Major Ethereum wallet provider MyEtherWallet announced the launch of the alpha version of its new open source Ethereum blockchain explorer EthVM. Major Ethereum (ETH) wallet provider MyEtherWallet (MEW) has announced the launch of the alpha version of its new open source Ethereum blockchain explorer, EthVM, in a tweet from the official MEW Twitter account on […]
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During a recent hearing, German regulators and lawmakers have been accused of failing to create a workable legal framework that would foster blockchain adoption in the country. German regulators and lawmakers have thus far failed to create a workable legal framework that would provide legal certainty for applications of blockchain technology, representatives from the country’s […]
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The agreement came following communication between the sender and Sparkpool regarding three transactions. Ethereum (ETH) mining pool Sparkpool confirmed it had come to an arrangement with a user who accidentally sent it over $300,000 in mining fees on March 11. The mix-up, which occurred on Feb. 19, involved an Ethereum user apparently confusing the fields […]
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The U.S. SEC’s Finhub will host a series of local peer-to-peer meetups across the country in a bid to engage more actively with the crypto and wider fintech community. The Strategic Hub for Innovation and Financial Technology (Finhub) at the United States Securities and Exchange Commission (SEC) will host a series of local peer-to-peer (p2p) […]
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The mining giant has yet to confirm the news officially, which appeared in a Chinese finance newspaper. Chinese cryptocurrency mining manufacturer Canaan Creative has completed a multimillion-dollar funding round, local finance news outlet Securities Times reported on March 11. Canaan, which has not officially confirmed the report, is rumored to have raised an unspecified sum […]
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