The collapse of the initial coin offerings provided invaluable lessons on how to avoid a similar fate, MEW’s Kosala Hemachandra says. The boom of the initial coin offerings defined the blockchain industry in 2017 and the first half of 2018 as capital flowed to finance many new projects and the associated services. Ahead of Ethereum’s […]
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United States Representative Tom Emmer is confident about the bright future of Bitcoin and blockchain technology. The largest cryptocurrency, Bitcoin (BTC), is not going away once the ongoing financial crisis subsides, United States Representative Tom Emmer (R-MN) believes. A known industry advocate, Emmer says that Bitcoin will only be getting stronger after the world eventually […]
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Glassnode states that over 90% of the Ether token supply was bought at a lower price than that at which it’s currently trading. As Ether (ETH) continues to hit new 2020 highs, the majority of ETH is now reportedly profitable. According to data from blockchain intelligence firm Glassnode, more than 90% of the circulating ETH […]
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Bison Trails takes on general counsel to engage with global policymakers on compliance and legal regulation matters. Blockchain infrastructure-as-a-service company Bison Trails announced Aug. 4 that it has appointed a general counsel to focus on policy and regulatory issues specific to blockchain infrastructure. Elizabeth Ralston has previously served in a legal capacity at blockchain investment […]
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China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector. The People’s Bank of China is purportedly planning to use its digital currency electronic system (DCEP) — another moniker for its central bank digital currency — to target the dominance of […]
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In its latest weekly report, Glassnode warns that despite strong network fundamentals, Bitcoin remains at risk of a macro-induced plunge. Bitcoin (BTC) is showing all the signs of further price gains but macro markets could still bring the bull run to an end, says Glassnode. In its latest weekly update, The Week On-Chain, the analytics […]
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Blockchain is offering global governments a serious alternative to a strained financial system, Ripple CEO Brad Garlinghouse says. Cryptocurrency advocates have long been keen to point to the weaknesses of fiat currency. Now an uncertain world rocked by a global health crisis and geopolitical flare-ups is bringing them into dialogue with the mainstream more than […]
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The millionaire profits put NetWalker as one of the most profitable pieces of ransomware during 2020. Cybersecurity firm McAfee released a study showing the activities of NetWalker, a ransomware first known as Mailto that was initially discovered in August 2019. According to the report, the operators of NetWalker have collected over $25 million from ransom […]
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Alexander Vinnik, the Russian national accused of laundering 300K Bitcoin through crypto exchange BTC-e, may now face trial in France. Also awaiting charges in the United States and Russia, suspected Bitcoin money launderer Alexander Vinnik could be facing a trial in France first. According to news agency Agence France-Presse (AFP), a Paris judge has ordered […]
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A report updated by Japan’s self-regulatory body JVCEA shows the number of active crypto traders in the country decreased in March. Before a state of emergency had officially been declared to slow the spread of the pandemic in Japan, overall activity on crypto exchanges decreased as there was a spike in fiat deposits. According to […]
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