Monthly Archives: April 2018

$1.6 Billion Chinese Fund Launches in Support of Blockchain Startups

Blockchain startups in China now have a new source of funding they can tap into. Today, April 9, 2018, the Xiong’An Global Blockchain Innovation Fund launched with $1.6 billion (10 billion yuan) to funnel into promising Chinese blockchain startups. The announcement took place during the grand opening of the Hangzhou Blockchain Industrial Park in China. The industrial park, which will also serve as an incubation center for the startups, is located in one of the biggest tech hubs in China, Hangzhou city in Zhejiang province, home to […]

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Venezuela Approves Decree on the Use of Cryptocurrencies

Venezuela’s National Constituent Assembly has approved the decree on the use of cryptocurrencies and the country’s new “oil-backed” currency, after repeatedly declaring the Petro illegal. The new currency began its initial coin offering last month as the Venezuelan president continues to strongly push its use. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Decree on Cryptocurrencies Approved The Venezuelan National Constituent Assembly (ANC) has approved the draft Constituent Decree on Cryptoassets and the Petro, the country’s government announced last week. The decree was presented […]

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Here’s How Taxes Are Harming Bitcoin’s Usefulness as a Payment Method

While most of the early buzz around Bitcoin centered on it as a new, fast, cheap and permissionless method of online payment, the focus has moved from medium of exchange to store of value over the past few years. It’s clear that bitcoin is useful for censorship-resistant payments that may not otherwise be possible without this new technology, but much more of the recent hype has been around tracking the price more than anything else at this point. Although general activity on the Bitcoin network has continued […]

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The @Bitcoin Twitter Account Is Back

The suspension on Sunday of @Bitcoin, one of the oldest and most popular Twitter accounts, has raised a raft of questions. Suspensions of high profile Twitter accounts are rare and are usually accompanied by some sort of official explanation, with doxxing or harassment usually cited. With no official word on why @Bitcoin was suspended and then reassigned, speculation has abounded. But in the last few hours, signs have emerged that the account has been reactivated and returned to its original owner. Also read: Who Controls the @Bitcoin Twitter […]

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New “Know-Your-Transaction” Tool Enables Enhanced Blockchain Investigation

Cryptocurrency investigation enterprise Chainalysis is releasing a product called Know Your Transaction (KYT) designed to help businesses track customers that may be involved in illicit cryptocurrency-related activity. The company’s clientele includes the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA) and Europol. Per a recent blog post, Chainalysis stated that it holds a lot of faith in both cryptocurrencies and blockchain technology: “Blockchains create new ways for people to build trust among themselves and transact using cryptocurrencies. Cryptocurrencies have, in turn, inspired people to reimagine […]

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Privacy-Centric Coin XMR Splits Into Four Different Monero Protocols

On April 6 the privacy-centric cryptocurrency monero (XMR) forked the protocol in order to make the digital asset’s mining ecosystem egalitarian. However, the hard fork has led to the birth of four monero-based blockchain branches all claiming to be the “original monero.” Also read: Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue The ‘ASIC Scare’ Creates Four Separate Monero Projects The digital currency monero (XMR) is a public blockchain network created in April of 2014. Unlike litecoin and many other altcoins, XMR is not a […]

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Nano Team Target of Cryptocurrency Class Action Lawsuit

A class action lawsuit has been filed against Nano and key members of its core team for allegedly violating federal securities law. In February 2018, the Italian cryptocurrency exchange BitGrail lost $170 million worth of the Nano currency “XRB” due to a “hack” which has now led to a class action lawsuit represented by the Silver Miller law firm. The firm bills itself as a cryptocurrency investor law firm and currently has actions pending against the Coinbase, Kraken, BitConnect and Cryptsy exchanges as well as lawsuits against […]

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As The Clouds Are Piling Up: What Do Recent Legislative Developments Mean For Crypto Users’ Privacy

The CLOUD Act is going into effect, mooting a major ongoing Supreme Court case. The last few weeks have been tense for those who take privacy issues seriously. First, there was Edward Snowden with yet another massive NSA leak, substantiating the suspicions, already thick in the air, that intelligence services are really after Bitcoin users’ personal information. Then, in the midst of the fallout from the news that Facebook had casually handed the private data of its 87 mln users to an unsavory electioneer firm, US Congress […]

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 09

The ongoing bear market might not be such a bad thing, as it helps the markets become mature enough for institutional money. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The current bear market in cryptocurrencies will turn out to be a boon in the long-term. The rally […]

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Korean Crypto Exchange Launching Social Media P2P Payment System

South Korean cryptocurrency exchange Bithumb is launching a P2P payment platform for social media including social networking sites and blogs. The exchange is also preparing to sell 12,500 kinds of mobile vouchers from 600 brands. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Social Media Crypto Payment System The second largest crypto exchange in South Korea, Bithumb, recently announced that it is launching a “social media optimization payment platform.” Tentatively called SNS Pay, this P2P platform supports payments on social media including social networking […]

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