A man in China has been been sentenced to 3.5 years in jail for stealing about $15K worth of power from a train station to mine Bitcoin, local media reports. A man in China has been been sentenced to three and a half years in jail for stealing power from a train station to fuel […]
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Economist Nouriel Roubini, aka “Dr. Doom,” compares Bitcoin to North Korea, stating it has the worst inequality coefficient in the world. American Economist Nouriel Roubini has stated that cryptocurrency is more centralized than North Korea in a tweet October 7. New York University professor Roubini, better known as “Dr. Doom” for his alleged prediction of […]
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Chris Larsen has made this year’s Forbes 400 rich list as the 383rd richest person and is the first to ever make the list with a value accumulated solely from cryptocurrency. Forbes released its latest Forbes 400 list, for 2018, last week, estimating that Larsen is worth $2.1 billion. After gaining $78.5 billion in a […]
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The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise in cryptocurrency cases and spoofing schemes. According to The Wall Street Journal, the federal derivatives-market regulator also handed out around $900 million in penalties, higher than the amount in five of the eight […]
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Malaysia-based MyEG Services is rolling out a new payroll solution developed on blockchain technology. Reports in The Edge Markets on Friday (Oct. 5) said MyEG is rolling out “PayMe” software, a tool allowing employers to manage payroll functions, like overtime, more accurately. PayMe will first be introduced in a pilot phase in select markets, reports […]
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The impact of Europe’s General Data Protection Regulation (GDPR) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. As reported, the social media giant was hacked through a vulnerability in […]
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sponsored A startup helps cryptocurrency owners protect digital assets from being stolen and lost. Security is provided by decentralizing private key shards. A new platform for smart crypto payments offers users the ability to hold or send cryptocurrency by using an email address. Private keys are secured through sharding and decentralization. The platform connects Ethereum […]
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Big Four Auditors PwC, KPMG, EY, and Deloitte are building infrastructure to help conglomerates adopt blockchain technology. PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG, better known as the “Big Four” auditors, all have established solid long-term blockchain roadmaps to remain relevant in the cryptocurrency and blockchain space. The four professional services conglomerates, which […]
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Binance has abruptly announced it will “immediately” donate all new altcoin listing fees to charitable causes. The CEO of world’s largest cryptocurrency exchange Binance said he “hoped others would follow” his decision to donate all listing fees to charity after a sudden announcement Monday, October 8. According to the announcement, beginning “immediately” meanwhile, Binance will […]
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Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, disproving claims the firm is “insolvent” or facing banking issues. Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, denying that the firm is “insolvent” or facing banking issues, in an official blog post published October 7. Bitfinex’s […]
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