Monthly Archives: March 2018

US: Federal Prosecutors Ask For Forfeiture Of 500 BTC

500 BTC ($5.5 mln) to be seized if four people in Ohio are convicted of selling and transferring fake identification documents. Federal prosecutors are seeking the forfeiture of more than 500 Bitcoin (BTC) (worth about about $5.5 mln) seized during the investigation of a group producing fake identity documents, according to the Ohio Department of Justice’s March 1 news release. A federal grand jury has indicted four people from Ohio for producing and transferring fake driver’s licenses and ID cards from different states across the US. Along […]

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How a Single Tweet Wiped $90 Million off Waltonchain’s Market Cap

Digital marketing guides are filled with cautionary tales of social media faux pas that have caused brand suicide. All it takes is an insensitive tweet from a marketing intern to leave a corporation groveling and its stock in the doldrums. It turns out that the world of cryptocurrency isn’t so different. After sending and hastily deleting an erroneous tweet, Waltonchain saw its market cap plummet by $90 million in the aftermath. Also read: Genesis Launches Whale Sized Crypto-Loan Service The Cryptocurrency Giveaway That Was an Inside Job Unlike […]

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Russian Ministry Offers to Set Up Crypto Exchange for Miners

Russia’s Ministry of Telecom and Mass Communications has put forward the idea to set up a cryptocurrency exchange, where Russian miners can trade their digital coins for fiat money. The ministry has held consultations with representatives of the crypto sector and prepared a comprehensive concept to regulate the mining industry. Also read: Two Russian Regions to Develop Large Scale Crypto Mining Miners to Sell Cryptos on State-Controlled Exchange The crypto mining sector would become more transparent and authorities would be able to easily tax transactions if miners […]

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PR: Multiversum: 4th Generation Relational Blockchain Supporting Biometric Inputs

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. You probably remember a strong, purportedly unbreakable padlock being used to secure a safe box to, well, keep it safe! These could be breached, so pin-locks were developed. These, too, were not failsafe. By now, you’ve probably come across safes secured with […]

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Bitcoin Challenges $11,200 Before $12k Resistance Halts Progress

Friday saw new weekly highs for Bitcoin, which hit $11,189 before dropping $300. Bitcoin prices reached weekly highs of $11,189 Monday, Feb. 19 as the largest cryptocurrency met resistance around $12,000. Data from major exchanges tracked by Coinmarketcap showed BTC/USD suddenly retaking $11,000 before momentum reversed at just under $11,200. The latest peak is around $700 lower than Bitcoin’s 2018 high of $11,901, achieved Feb. 21 before a widely forecast capitulation took hold. Prices subsequently dropped to around $9,500 last week. Problems escaping a restricted price cycle […]

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A Major Dutch Bank Is Considering a Cryptocurrency Wallet for Its Customers

Rabobank, a major Dutch multinational banking and financial services company headquartered in Utrecht, the Netherlands, is considering the possibility of integrating a cryptocurrency wallet within its online banking system. Considered to be a global leader in food and agriculture financing and sustainability-oriented banking, Rabobank is among the 25 largest financial institutions in the world in terms of Tier 1 capital. The bank serves more than 7 million Dutch individual and corporate clients, offering a full range of financial services. Globally, the Rabobank group operates in 44 countries. […]

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Australian Tax Office To Crack Down On Crypto Tax Evaders

The Australian Tax Office is going to take strong action this year to find those who evaded taxes on their cryptocurrency transactions. The Australian Tax Office will be going after cryptocurrency investors to ensure they are accurately filing their crypto gains on their taxes this year, Business Insider Australia reported Feb. 28. The Australian Tax Office will use data matching and “100-point identification checks” to track down crypto investors, as well as bilateral tax treaties and anti-money laundering commitments to get more information out of the traditionally […]

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South Korean Bank Plans ‘Commercial’ Ripple Remittances By 2019

Ripple-based remittances are set to launch with South Korean bank Woori Bank. South Korean bank Woori Bank intends to introduce “commercialized” international remittances this year based on Ripple, a cryptocurrency-powered remittance network, local news outlet ChosunBiz reports Friday, Mar. 2. On the back of a positive test transaction by its Digital Strategy Department following initial tests in January, the bank is now looking to introduce Ripple’s technology to its worldwide remittances. The trial came about as part of a Japanese-based scheme involving Ripple and SBI Group, with […]

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Op Ed: Lobbying Efforts Promote the Blockchain Industry Around the World

Well-known crypto companies such as Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares and CommerceBlock have recently announced the creation of CryptoUK. As stated on their official website, CryptoUK is a self-regulatory trade association established to promote higher standards of conduct. But why should these obvious competitors and big players unite? And is this becoming a trend? Of course, their primary goal is perfectly clear: CryptoUK wants to lobby the U.K. government on behalf of their interests and to influence the market. The aggregated volume of the exchanges is […]

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BoE Governor Mark Carney: Crypto Ecosystem Should Be Held To ‘Same Standards’

BoE governor Mark Carney says the time has come to incorporate the crypto ecosystem into the rest of the financial system and hold both to the same standards. Bank of England (BoE) governor Mark Carney called for the authorities to regulate cryptocurrencies rather than “ban them outright” in his speech to the inaugural Scottish Economics Conference in Edinburgh on March 2, as reported by Financial Times. According to Carney, cryptocurrencies do not threaten “financial stability” at the moment, but they could after more consumers get involved. Carney […]

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