Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. The company announced the development in a press release published on […]
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Israeli police and the United States Federal Bureau of Investigation have arrested at least two men and reported others. Israeli police and the United States Federal Bureau of Investigation (FBI) have arrested at least two men and reported others in a takedown of a bitcoin-enabled dark web listings site, the Israeli police force announced in […]
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Crypto markets have evidently tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance. Wednesday, May 8 — having just broken new 2019 highs, crypto markets have tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance. Virtually all of the top 20 cryptocurrencies are […]
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Chinese cryptocurrency mining giant Bitmain’s hashrate has noticeably dropped in the past 30 days. Chinese cryptocurrency mining giant Bitmain’s hashrate has noticeably dropped in the past 30 days, according to the company’s hashrate disclosure update as of May 7. Per the data analyzing the hashrate of all Bitmain-owned hardware, updated once every 30 days, the […]
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The co-founder of Cobinhood crypto exchange has been removed from corporate affairs due to his controversial behavior. Co-founder of Taiwan-based crypto exchange Cobinhood has been removed from corporate affairs since late April 2019, the firm announced on its Telegram group on May 6. Tai-yuan Chen, also known as Popo Chen, has “ceased to participate” in […]
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A top executive has revealed the company will look to issue its own digital tokens as part of its blockchain-powered digital exchange. A top executive at Switzerland‘s principal stock exchange, SIX Swiss Exchange, has revealed the company will look to issue its own digital tokens as part of its forthcoming blockchain-powered digital exchange. The development […]
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Stablecoin tether is apparently only backed 74% by cash reserves, and Elon Musk and Vitalik Buterin get friendly on Twitter. Top Stories This Week Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers According to documents released by USD stablecoin tether’s (USDT) lawyers, the company behind the stablecoin only has enough fiat […]
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Chief technology оfficer at U.S.-based cryptocurrency exchange Coinbase, Balaji Srinivasan, announced his departure. Chief technology officer at major United States-based cryptocurrency exchange Coinbase, Balaji Srinivasan, announced his departure from the company on Twitter on May 3. In his tweet, Srinivasan said that he had enjoyed his time at the exchange and that he will now […]
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The Wall Street Market, the world’s second largest dark web market, was shut down with six figures in crypto seized by police. German police, along with Europol, have shut down servers of a dark web marketplace and seized six figures in crypto from the arrested suspects, Europol announced on May 3. The Wall Street Market, […]
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The third deal in six weeks for Binance sees the platform attempt to make its regulatory stance watertight amid expansion. Cryptocurrency exchange Binance has partnered with blockchain monitoring solutions provider Elliptic to boost its regulatory compliance as part of its international expansion, industry news outlet CoinDesk reported May 2. As part of plans to ensure […]
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