Monthly Archives: April 2018

US Federal Trade Commission To Offer Free Workshop On Crypto Scams

The US Federal Trade Commission will hold a summer workshop on consumer protection against crypto scams. The US Federal Trade Commission (FTC) will be holding a free workshop this summer titled “Decrypting Cryptocurrency Scams” according to a press release published today, April 30. The workshop’s main aim is to educate the public about risks in the crypto sphere. The event will include consumer groups, law enforcement, research organizations, and the private sector to examine how scammers are taking advantage of public interest in digital currencies. The FTC’s […]

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Japan Finance Giant SBI Holdings To Launch Crypto Exchange In Summer 2018

The launch of SBI Virtual Currencies is expected this summer, SBI Holdings president Yoshitaka Kitao says it will use Bitcoin Cash as a settlement currency. Japan`s financial services giant SBI Holdings plans to launch its crypto exchange this summer, local media outlet Business Insider Japan reported April 27. According to a recent announcement by company president Yoshitaka Kitao, the exchange SBI Virtual Currencies will support coins such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). Yoshitaka suggested that BCH would be regarded as the […]

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Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban

Iran has been developing its own cryptocurrency, a project which has yielded an experimental local crypto, despite the country’s central bank banning banks from dealing with cryptocurrencies. Iran’s Information and Communications Technology Minister has shed light on the project, commented on its alleged use to evade sanctions, and clarified the central bank’s action. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Iran’s Crypto Project Mohammad Javad Azari-Jahromi. Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, revealed on Saturday that “Iran has developed an experimental […]

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Hungarian and Peruvian Localbitcoins Markets Post Record Volume

The Localbitcoins markets of several nations have produced significant spikes in recent weeks, with the peer-to-peer (P2P) markets of Hungary, Peru, and Venezuela establishing new all-time highs for volume when measuring in trade in fiat currency. Also Read: Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a Bank P2P Markets of Latin America Surge The P2P trading volume of numerous South American markets have shown considerable strength in recent weeks, with many markets producing among the strongest weeks of trading in recent history when measuring volume […]

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UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

UNICEF Australia is using Coinhive — a crypto-mining service — to extract cryptocurrency through visitors’ computers and fund its ongoing mission in Bangladesh. The UN branch has long worked to provide humanitarian relief for both children and their mothers in developing nations. The organization has now created what representatives call the “Hope Page,” which allows users to donate through cryptocurrency. UNICEF’s Director of Fundraising and Communications Jennifer Tierney explained, “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise new funds […]

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US: ICO Market Is Example Of Unregulated Securities Market, Says SEC Commissioner

The US SEC commissioner said the agency’s priority in crypto markets is consumer protection. US Securities and Exchange Commission (SEC) Commissioner Robert Jackson highlighted consumer protection regarding Initial Coin Offerings (ICO) in an interview on CNBC today, April 30. When asked about cryptocurrencies and ICOs, Jackson said that he hasn’t yet seen an ICO that wasn’t a security, echoing SEC chairman Jay Clayton’s comments earlier this year. Jackson added that the crypto space “has been full of troubling developments that we’ve seen at the SEC, and especially […]

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India To Get 30% Discount On Venezuelan Crude Oil If Paid For In Petro, Says Local Source

Local sources report that Venezuela has offered to give India a 30% discount on the sale of crude oil if they pay with Venezuela’s Petro coin. Venezuela will give India a 30 percent discount on crude oil, but only if India uses the state-issued Petro coin, according to an article published yesterday, April 29, from local Indian news outlet Business Standard. News about the discount comes from crypto exchange Coinsecure CEO Mohit Kalra, who told Business Standard that the offer had been put forward by a team […]

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Want to Learn More About Bitcoin Mining? There’s a New Summit for That

For Emma Todd, it was a 2017 conference that transformed her newfound interest in cryptocurrencies and blockchain into a passion. As she learned more, she had an epiphany: more people needed to better understand the esoteric world of cryptomining. Not one to be a flaneur, she is now harnessing this opportunity. On May 18, 2018, Todd will launch the inaugural ADI Cryptocurrency Mining Summit (ADI stands for Advanced Digital Innovation) as a part of Blockchain Week NYC. This comes on the heels of the first ADI Summit […]

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Japanese Regulator Pressures Exchanges to Drop Privacy Coins

Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero on Japanese and possibly even global exchanges. Also read: Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing FSA Gives Privacy Coins the Thumbs Down Japan’s FSA is reportedly urging exchanges to […]

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Iran: Model Of State-Issued Digital Currency Now Ready, Says Gov’t Minister

An Iranian government minister has confirmed that an experimental model of a domestic digital currency is now ready. An Iranian government minister has confirmed that an experimental model of a domestic digital currency is now ready, Reuters reported Saturday, April 28. The move closely follows the country’s recent banking blockade on cryptocurrency trading. Information and Communications Technology (ICT) Minister Mohammad Javad Azari-Jahromi was quoted by state news agency IRNA as saying; “The central bank’s [ban] does not mean the prohibition or restriction of the use of the […]

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