Investors looking for an escape from yuan devaluation are flocking to Bitcoin as well as traditional fallbacks, says Chris Reinertsen. Bitcoin (BTC) really does function as a safe haven asset in 2019, another source has told mainstream media as the United States–China trade war rages. Bitcoin increasingly important amid economic uncertainty Speaking to Forbes in […]
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South Korean crypto exchange Coinone has partnered up with two auditing and disclosures firms to improve investor confidence and vet projects. Major South Korean cryptocurrency exchange Coinone has partnered with cybersecurity audit company CertiK and disclosures company Xangle to provide more safety and transparency for their crypto investors. Coinone shared news of the recent partnerships […]
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Around 80% of Tether is reportedly held by about 300 whale accounts, suggesting a highly concentrated ecosystem. The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply. Bloomberg reported the company’s finding in a report on Aug. […]
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A U.S. representative has introduced a bill that would free up cryptocurrencies from double taxation under the Internal Revenue Code. A tax bill seeking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency has been introduced in the United States House of Representatives. To amend the Internal Revenue Code of […]
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Malaysian electric utility Tenaga Nasional Bhd has raided 33 illegal Bitcoin mining operations that were allegedly stealing electricity. Authorities raided Bitcoin (BTC) mining operations in Malaysia after finding that they were stealing electricity resulting in a loss of 3.2 million Malaysian ringgit ($760,736) to the utility company. 33 facilities illegally mining Bitcoin Malaysian major electric […]
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Venture capitalists continue to fund cryptocurrency startups even as ICO fundraising remains significantly low. In late July 2019, Sony Financial Ventures joined a $14.5 million funding round for Bitcoin (BTC) bank Bitwala. Back in 2017 and 2018, such a figure might not have made many headlines, as crypto startups were raking in hundreds of millions […]
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In a bid to transform into a blockchain smart city, Seoul is planning to launch its own digital currency by November 2019. In a bid to transform into a blockchain smart city, Seoul, South Korea is planning to launch its own digital currency by November 2019. To facilitate engagement in the city’s governance As Australian […]
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A study reveals that more than 80% of all crypto related posts on Reddit are positive in nature, sentiment toward crypto on a rise in recent years… Despite all of the bad press that the digital asset industry continues to receive on an almost daily basis, it appears as though the overall sentiment of the […]
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Shenzhen issued nearly 6 million blockchain invoices with a total value of $553 million since the program started in August 2018. Major Chinese city Shenzhen has issued nearly six million blockchain-based invoices in a year since their inception in Aug. 2018. Shenzhen processed around $550 million through blockchain invoices in a year According to a […]
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Chinese state hackers attack cryptocurrency and video game enterprises, cybersecurity company FireEye claims. Chinese state hackers are performing attacks against cryptocurrency and video game enterprises, cybersecurity company FireEye claims in a report published on Aug. 2. Chinese government facilitating hacking operations Per the report, Chinese state espionage cyber unit APT41 “targets industries in a manner […]
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