Why do countries forego large cash transactions and what role will cryptocurrencies play in this transformation. The Liberal Party of Australia recently proposed a draft bill clarifying that purchases of over 10,000 Australian dollars (around $6,750) in cash would not be legal. According to the government, this step will dissuade tax evasion and encourage a […]
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Ten enterprises taking a shot at creating their own cryptocurrency to leverage the power of blockchain to drive their businesses to the next level… The growing popularity of cryptocurrency has led to a revolution in the digital currency industry. Enterprises that were of noncrypto origin now have or plan to have their own crypto product. […]
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Naughty North Korea has stolen billions in crypto, India could be missing out on billions in crypto, and Litecoin’s halving disappoints. U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known […]
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The governor of New Jersey signed a bill to create a governmental task force for researching state-beneficial blockchain technology. Governor of New Jersey Phil Murphy recently signed bill S2297, which is an act to create a so-dubbed New Jersey Blockchain Initiative Task Force. The purpose of the task force is purportedly to study blockchain solutions […]
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Vinnik appears to be a “strategic intellectual resource” following extradition requests from multiple countries and alleged ties to an elite Russian cyber-espionage unit. On July 25, 2019, United States prosecutors filed a complaint against the defunct cryptocurrency exchange BTC-e and its alleged former operator, Alexander Vinnik. The indictment was filed nearly 24 months after Vinnik […]
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Pro-crypto retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. Retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. In a shareholder announcement published on Aug. 8, […]
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South Korea’s state-backed financial IT firm Koscom to develop a blockchain-based platform for trading unlisted securities. South Korea’s state-backed financial IT firm Koscom will develop a blockchain-powered platform for trading unlisted securities. Koscom to launch blockchain-based unlisted shares trading service in H2 2019 Launched by South Korea’s Ministry of Finance and primarily backed by the […]
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Analysis of the much-anticipated Litecoin halving that took place on Aug. 5: What was learned about the event and what might happen to LTC in the near future? Litecoin (LTC) has just experienced an event that happens once in four years: the second halving. On Aug. 5, 2019, Litecoin rewards for producing a block were […]
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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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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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