The new technology presents various challenges to be overcome, both technical and non-technical, a report says. United States credit rating agency Moody’s Investor Service warned about the dangers of private versus public blockchains in new research issued on April 25. Part of an investigation into the potential impact of blockchain technology on structured finance, the […]
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Authorities in Australia received 674 reports where cryptocurrency was used to pay scammers in 2018. A 190% increase in cryptocurrency scams saw Australian consumers lose $6.1 million Australian dollars ($4.3 million) in 2018, according to a report released by the country’s Competition and Consumer Commission on April 29. The substantial rise from the AU$2.1 million ($1.48 million) […]
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A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with […]
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Philip Morris’ global head of architecture and tech innovation revealed that the firm wants to apply blockchain in tax stamp tracking. International tobacco company Philip Morris is considering blockchain use in tracking tax stamps on cigarette boxes, the firm’s spokesperson confirmed to Cointelegraph on April 26. Philip Morris International is looking to implement emerging technologies […]
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Members of a local church ended up buying into the Ponzi scheme after a sales pitch, the central bank confirms. A church in the Pacific nation of Samoa is at the center of scrutiny after ministers invited notorious cryptocurrency Ponzi scheme OneCoin to preach to its congregation, New Zealand-based media network Radio NZ reported on […]
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Representatives from Galaxy Digital, Coinbase and Binance were among those said to have attended January’s talks. More than 20 of the crypto market’s biggest traders gathered in January for talks on making digital assets and tokens part of the global financial architecture, according to a Bloomberg report published on April 25. The meeting was reportedly […]
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JPM is planning to widen the use of its blockchain system. On April 21, it was revealed that JPMorgan Chase (JPM), the United States’ largest bank with over $2.62 trillion in assets, is planning to widen the use of its blockchain system. Specifically, JPM is adding new features to its Interbank Information Network (IIN), which […]
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A 13-count indictment was filed in the U.S. charging two men with the theft of 10.88 bitcoin (worth ~$59,000). A 13-count indictment has been filed in the United States District Court in Portland, Oregon, charging two men with the theft of 10.88 bitcoin (BTC) worth roughly $59,000 as part of an allegedly fraudulent investment scheme. […]
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Decentralized browser Brave has launched Brave Ads, an option that enables its users to earn rewards for watching advertising. Decentralized browser Brave has launched Brave Ads, an option that enables its users to earn rewards for watching advertising. The development was announced on Brave’s website on April 24. The announcement reads that users of Brave […]
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As the IMF and the bosses of central banks gather to talk digital money, concerns of stability and institutional trust dominate the discussion. The custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank to launch […]
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