Coinbase: Ethereum Classic Double Spending Involved More Than $1.1 Million in Crypto

Coinbase has increased the amount of ETC that was allegedly double spent following a 51 percent attack. A deep reorganization of the Ethereum Classic (ETC) blockchain, which reportedly included double spending, has involved more than $1.1 million worth of crypto, United States crypto exchange Coinbase revealed Monday, Jan. 7. According to the Coinbase blog, the […]

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Canaan May Begin New York IPO by End of Q2 2019, Anonymous Sources Tell Bloomberg

Having failed to conduct an IPO in Hong Kong, Canaan is apparently eyeing an alternative jurisdiction. Chinese Bitcoin mining hardware manufacturer Canaan Creative is considering a new initial public offering (IPO) in New York, Bloomberg reported on Jan. 8, quoting anonymous sources. Canaan, China’s second-largest hardware player, could begin selling its shares in a private […]

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Brazil: Government Suspends Indigenous Crypto Plans as New President Criticizes Project

Brazilian president Jair Bolsonaro has criticized the country’s now-suspended crypto project for indigenous people. Jair Bolsonaro, the new Brazilian president who has officially taken office a week ago, has criticized a project offering to create a cryptocurrency for indigenous people in a Jan. 7 tweet. Bolsonaro claimed that the new government will soon open “a […]

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Israel National Economic Council Chair: BTC ‘Intrinsically Inefficient, Will Disappear’

The head of Israel’s National Economic Council has denounced Bitcoin as “intrinsically inefficient,” predicting it will disappear. Israel’s economics “tsar” Avi Simhon has denounced Bitcoin (BTC) as intrinsically inefficient, predicting that the cryptocurrency will therefore disappear. A Cointelegraph correspondent reported that Simhon — the head of the National Economic Council and senior economic policy advisor […]

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Maltese Parliament Rejects Claims of Inactivity on Cryptocurrency by Opposition Leader

Lawmakers in Malta have rejected complaints about their handling of cryptocurrency from the leader of the opposition The embattled leader of Malta’s opposition Adrian Delia has faced a fresh backlash over his criticism of the government’s pro-cryptocurrency stance. Delia’s comments were reported by national daily newspaper The Malta Independent on Jan. 6. Malta, whose president […]

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