The head of VTB compares crypto mining with printing fake money, says crypto will have a very small market niche in the future. Andrey Kostin — the head of VTB, Russia’s second-largest bank — has compared cryptocurrency mining with counterfeiting, major Russian news agency TASS reports Monday, Feb. 4. While speaking to students who participated […]
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The laptop of recently deceased Gerald Cotten will be given to lawyers, and the crypto exchange might be sold to satisfy debts. Prosecutors will get the encrypted laptop of recently deceased CEO of major Canadian crypto exchange QuadrigaCX Gerald Cotten, Canadian broadcast network CBC reports Tuesday, Feb. 5. According to CBC, the laptop that might […]
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The case is the second indictment to appear from U.S. authorities this week amid the persisting spread of SIM-swapping. United States law enforcement has indicted two more men over alleged SIM-swapping scams involving cryptocurrency. A press release from the Northern District of California Attorney’s Office confirmed the indictment on Feb. 4. Ahmad Wagaafe Hared and […]
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Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. The development was announced in an official blog post published on […]
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Russia will implement blockchain tech in its school graduation exam system, called the Unified State Exam. The Russian Federal Service for Supervision in the Sphere of Education and Science, (Rosobrnadzor) will implement blockchain technology in the country’s main graduation examination, major Russian news agency TASS reports Feb. 5. Starting this year, Rosobrnadzor intends to implement […]
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The Forbes “Fintech 50” list for 2019 of top fintech firms features little over half as many blockchain companies as before. The Forbes 2019 “Fintech 50” list of the world’s top financial technology firms published on Feb. 4 features six blockchain companies, little more than half the amount listed in the 2018 edition. Released in […]
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Six commercial UAE and Saudi Arabian banks have joined a digital currency project meant for cross-border interbank transactions. Six commercial banks from Saudi Arabia and the United Arab Emirates (UAE) have joined a digital currency project, major Saudi Arabian financial news portal Argaam reports on Feb. 5 Referring to comments from the UAE central bank […]
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Transactions left a wallet that likely belonged to the exchange after the death of its CEO, research alleges. Embattled Canadian cryptocurrency exchange QuadrigaCX reportedly never had the $190 million in Bitcoin (BTC) it supposedly lost access to when its CEO unexpectedly died, new research claimed on Feb. 5. The report, published on cryptocurrency portal Zerononcense […]
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A copy of the bank book from the exchange’s trustee reportedly made it out of Tokyo District Court The trustee for the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox reportedly sold large amounts of Bitcoin (BTC) and Bitcoin Cash (BCH) on trading platform BitPoint. Cointelegraph Japan reported on the development on Feb. 5, citing […]
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Crypto exchanges have reportedly started the year with smaller trading volumes, marking new lows that have not been recorded since 2017. Trading volumes on cryptocurrency exchanges have dipped to new lows in January, according to an analysis published by crypto and blockchain research firm Diar on Feb. 4. Since the beginning of the year, digital […]
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