Kakao is close to completing the private sale of its cryptocurrency called Clay, raising $300 million. Kakao, South Korea’s largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay. In March, Kakao […]
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While the top 20 cryptocurrencies are mostly in the red, Bitcoin has been holding above $4,000. Sunday, Dec. 2: the top 20 cryptocurrencies are mostly in the red, according to data from Coin360, after a modest recovery yesterday, Dec. 1. Despite the mild losses, Bitcoin (BTC) is still holding just above the $4,000 mark. Market […]
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The Japanese Financial Services Agency is introducing new, stricter ICO regulation to protect investors. Japan’s financial regulator is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported Dec. 1. According to “informed” sources cited by Jiji, business operators conducting ICOs will be required to […]
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Texas: the CEO of a “decentralized bank” crypto firm accused of defrauding investors out of over $4 million was arrested by the FBI. The CEO of cryptocurrency firm AriseBank was arrested by the FBI Nov. 28 on charges of defrauding hundreds of investors out of over $4 million. The news was reported in a release […]
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The Securities Commissioner of the State of Texas has issued an Emergency Cease & Desist Order against My Crypto Mine and its principal. The Securities Commissioner of the U.S. State of Texas has issued an Emergency Cease & Desist Order (C&D) against crypto investment firm My Crypto Mine and its principal Mark Steven Royer, published […]
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A Cyprus court has dropped the lawsuit against alleged BTC-e former operator Alexander Vinnik, with the next session scheduled for Nov. 29. The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, has said that a district court in Cyprus has withdrawn their lawsuit on charges “of fraud, money laundering and […]
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The U.S. CFTC’s fintech hub LabCFTC has issued a Primer on Smart Contracts, its second such publication dedicated to blockchain innovation. The U.S. Commodity Futures Trading Commission (CFTC)’s fintech innovation hub LabCFTC has issued a Primer on Smart Contracts, according to an official announcement Nov. 27. The primer is LabCFTC’s second fintech-educational publication, the first […]
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A new study from the WTO has analyzed the potential and possible impact of blockchain technology on international trade. The World Trade Organization (WTO) released a report on blockchain technology’s effect on international trade today, Nov. 27. Per the study, blockchain’s economic value-add on a global scale could reach almost $3 trillion by 2030. “Blockchain […]
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sponsored A peer-to-peer marketplace that enables people to buy Bitcoin using more than 300 payment methods is experiencing growing demand. A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle […]
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Ethereum cofounder Vitalik Buterin said that the misapplication of blockchain tech in areas where it is not needed can lead to “wasted time.” Ethereum cofounder Vitalik Buterin said that the misapplication of blockchain technology in some industries leads to “wasted time” in an interview with business news outlet Quartz published Nov. 26. Speaking at the […]
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