Banks are now required to provide fair services to crypto exchanges in South Korea by the court. On October 30, South Korea’s main financial authority officially cleared banks to work with crypto exchanges for the first time in history, establishing a major milestone for the local cryptocurrency sector. At the state affairs audit, held by […]
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The Australian Taxation Office has warned citizens about scammers demanding tax payment via Bitcoin ATMs. The Australian Taxation Office (ATO) has published a warning Nov. 14 about scammers demanding tax payments through Bitcoin ATMs. The post notes that the number of scammers who request payment through BTC has now exceeded those who ask for iTunes […]
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A wobble in Bitcoin has spelled increased volatility for the majority of big-name cryptocurrencies. Cryptocurrency markets are showing red across the board Nov. 14, as a steep drop in Bitcoin (BTC) ricocheted across major assets. Data from Cointelegraph’s price tracker, Coin360, and Bitcointicker confirms BTC/USD bouncing off support around $6,150 on exchanges, at press time […]
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As Thailand is set to confirm its first licensed cryptocurrency entity this month, an exchange operating without a licence has been condemned by regulators. Thailand’s financial regulator has told a cryptocurrency exchange to cease advertising and warned citizens not to use it due to legal uncertainty, the Thai Securities and Exchange Commission (Thai SEC) reported […]
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A further player has entered the crypto malware arena in the form of Monero miner WebCobra, a McAfee Labs analysis shows. Internet security provider and research lab McAfee Labs has uncovered new malware which secretly uses consumer devices to mine Monero (XMR), a blog post confirmed Nov. 12. Dubbed “WebCobra” and originating from Russia, the […]
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The Thai branch of IBM will promote blockchain and AI to turn the country into a major sales hub in the surrounding region. The Thai branch of U.S. global IT company IBM will promote blockchain and artificial intelligence (AI) in order to turn the country into a major sales hub in the surrounding region, English-language […]
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Susquehanna’s analysts say that due to the slump in crypto markets and declining network hashrates, mining Ethereum using a GPU is no longer profitable. Mining Ethereum (ETH) using a graphics processing unit (GPU) is no longer profitable, according to an analysis from U.S.-based global trading and technology firm Susquehanna. CNBC reported Nov. 13 on Susquehanna’s […]
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The Bank of America has won a patent for a system for enterprises to store customers’ crypto deposits. The Bank of America (BoA) has won a patent for a system for enterprises to store customers’ crypto deposits, published by the U.S. Patent and Trademark Office (USPTO) yesterday, Nov. 13. The patent, first filed in mid-June […]
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IMF head Christine Lagarde says relevant actors “should consider the possibility to issue digital currency.” The head of the International Monetary Fund (IMF) has said the international community should “consider” endorsing central bank issued digital currencies (CBDCs) in a speech at the Singapore Fintech Festival Nov. 14. IMF managing director Christine Lagarde said that despite […]
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Xerox was awarded a patent by the U.S. Patent and Trademark Office for a blockchain platform that can track amendments made to electronic documents. The U.S. Patent and Trademark Office (USPTO) has awarded Xerox a patent for a blockchain-driven auditing system for electronic files, according to a patent filing published Nov. 13. Xerox — known […]
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