Poloniex announces scheme to reimburse margin lenders losses caused by Clams flash crash in May. Cryptocurrency exchange, Poloniex, has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading […]
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New Zealand bank ABS funds local blockchain startup to expedite global trade platform. New Zealand’s Auckland Saving Bank (ASB) has invested in local blockchain startup TradeWindow. The funding, reported Aug. 13, should expedite the launch of the company’s Distributed Ledger Technology (DLT) trade platform. Applying blockchain to the global supply chain TradeWindow CEO, AJ Smith, […]
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Bitfury chief executive officer and co-founder Valery Vavilov reportedly said that the company created its AI unit. Blockchain startup BitFury launched an artificial intelligence (AI) unit, Reuters reports on Aug. 13. “Data is the new oil” Bitfury chief executive officer and co-founder Valery Vavilov reportedly said that the company’s dive into AI is motivated by […]
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Iconic American boxer Mike Tyson is spearheading a new blockchain-powered cross-entertainment platform for a new generation of fighters. Iconic American boxer Mike Tyson is spearheading a new blockchain-powered cross-entertainment platform for a new generation of fighters. On Aug. 13, VentureBeat reported that the new venture — dubbed “Fight to Fame” — will use blockchain technology […]
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Former Goldman Sachs analyst turned Bitcoin maximalist Murad Mahmudov believes the top cryptocurrency will hit $100,000. Former Goldman Sachs analyst turned Bitcoin (BTC) maximalist Murad Mahmudov believes the top cryptocurrency will hit $100,000. “Zoom out & think big” In a tweet posted on Aug. 13, Mahmudov — who serves as chief information officer (CIO) at […]
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The UN is reportedly investigating 35 North Korean cyberattacks across 17 countries, utilizing 3 main attack vectors. The United Nations is investigating 35 North Korean cyberattacks across 17 countries, according to a report published Aug. 13 by Associated Press. This follows last week’s leaked summary of the report, stating that $2 billion had been hacked […]
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Cryptocurrency payment processor BitPay is introducing new identity verification measures for certain high-value payments, refunds and payouts. Cryptocurrency payment processor BitPay is introducing new identity verification measures for certain high-value payments, refunds and payouts. According to an Aug. 1 announcement from the United States-based firm, the new measures notably do not apply to person-to-person payments […]
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Resistance at $11,500 remains but analysts are hopeful of a fresh breakout as gold challenges local highs. Bitcoin (BTC) price remained fairly buoyant on Aug. 13 despite a fresh delay of an exchange-traded fund (ETF) by United States regulators. Market visualization. Source: Coin360 Bitcoin price unfazed by Bitcoin ETF delay Data from Coin360 showed BTC/USD […]
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Political events saw the peso devalued by 30% against the US dollar overnight. Bitcoin (BTC) continues to trade at a premium in Argentina after a sharp currency devaluation sent investors running for a safe haven. Argentine peso plunges 30% Data from local cryptocurrency exchange Buenbit put Bitcoin trading around $11,750 at press time Aug. 13, […]
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The platform has suspended all activity while it pursues action against those involved. Newly-launched cryptocurrency exchange Beaxy has suspended trading after some users deliberately crashed the price of altcoin Ripple (XRP). XRP/BTC dips 40% According to a blog post and social media messages, beginning on Aug. 12, Beaxy experienced a sudden surge in XRP trading […]
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