Monthly Archives: October 2018

North Korea Allegedly Backed Two Cryptocurrency Scams this Year

North Korea has allegedly backed at least two scam coins this year, according to a recent report by a U.S. security firm. According to a new report from U.S.-based security firm Recorded Future published on Oct. 25, the North Korean government has sponsored at least two scam coins. In the report entitled “Shifting Patterns in Internet Use Reveal Adaptable and Innovative North Korean Ruling Elite,” Recorded Future’s research team Insikt Group mentions two alleged altcoin scams tied to North Korea. The first scam coin allegedly backed by […]

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Blockchain Launches Hardware Wallet

The popular cryptocurrency software provider Blockchain has announced the launch of a custom hardware wallet that is exclusively tethered to the company’s flagship wallet. According to the development team behind the new hardware wallet called Lockbox, the firm collaborated with the wallet manufacturer Ledger in order to create the design.  Also read: SEC Suspends Trading in Company Over False Cryptocurrency-Related Claims Blockchain Launches a Hardware Wallet Called Lockbox The cryptocurrency and distributed ledger software provider Blockchain has announced the launch of a new hardware wallet called Lockbox. Launched in August […]

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Reserve Bank of Australia Official ‘Not Convinced’ of Need for Digital Dollar

The Reserve Bank of Australia assistant governor Michelle Bullock said that the bank has not yet been convinced of the need to create a digital Australian dollar. The Reserve Bank of Australia (RBA) assistant governor Michelle Bullock said that the bank has not been convinced of the need to create a digital Australian dollar, local business and finance news outlet The Australian Financial Review reported Oct. 24. Speaking at the Sibos 2018 banking and financial conference in Sydney, Bullock reportedly said that she is “interested to consider […]

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Poloniex Revised Terms of Use, Shutters Services in Several Countries

With a revision to the popular exchange’s terms of use, users from a handful of jurisdictions will have their access to Poloniex shuttered. According to an October 18, 2018, update, “the websites and the services offered by Poloniex (as defined below) are NOT addressed to persons who have their registered office or place of residence in China, Germany, Pakistan, the U.S. states of New Hampshire, New York or Washington, Vietnam or any other Restricted Territories as defined in Section 37.” Section 37 goes on to detail that, […]

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House of Nakamoto Opens in Amsterdam

The House of Nakamoto, an Austrian project helping newbies enter the cryptocurrency world, has recently opened a new store in Amsterdam. Residents and guests of one of the most bitcoin-friendly cities in Europe can now learn about electronic money, get a starter kit with a hardware wallet and load it with digital coins.   Also read: Robinhood Crypto Expands to Three More States Store Offers Services for Cryptocurrency Beginners The Amsterdam branch of the House of Nakamoto serves as an information center, a retail store for cryptocurrency-related […]

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Coinbase Lawsuit at a Standstill as Judge Moves for Dismissal

The judge presiding over a class action lawsuit against Coinbase over allegations of insider trading has approved Coinbase’s motion to dismiss the suit. In March of 2018, Jeffrey Berk filed a class action lawsuit in the Northern District of California on behalf of himself and other investors against Coinbase. Specifically, the suit alleges that Coinbase had engaged in insider trading by alerting its own employees that Coinbase would fully support Bitcoin Cash at a later date, after publicly stating that they would not. The suit goes on […]

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HUOBI Group Sets up Shop in Africa, Middle East and South Asia

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents. Co-founder Mohit Davar commented, “As Dubai is leading the blockchain effort in the region, it made sense for us to set up our regional head office here.” Huobi’s Dubai office will cover these three new areas to potentially replicate its ecosystem model, which was first established earlier […]

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Meet ‘Spedn’ — A Smart Contract Programming Language for Bitcoin Cash

On Wednesday, a developer called Tendo Pein announced the launch of a new smart contract programming language for the Bitcoin Cash network. Pein said “Spedn,” a BCH-based language, is designed for explicitness and safety while having a syntax similar to the C programming environment. Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco  High-Level BCH Smart Contracts Bitcoin Cash proponents have been introduced to a new smart contract programming language specifically designed for the BCH protocol. The developer Tendo Pein has explained in a recent blog post […]

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IBM Study: Most Global Financial Firms Think Central Banks Should Issue Digital Currencies

The majority of global financial institutions surveyed believe that central banks should issue state-backed digital currencies, a report says. The majority of global financial institutions surveyed believe that central banks should develop central bank-issued digital currencies (CBDCs), according to a joint study by IBM Blockchain World Wire and the Official Monetary and Financial Institutions Forum (OMFIF) released Oct. 25. The study includes 21 central banks that participated in the OMFIF’s research between July and September 2017. The reports notes that participants failed to find a compromise on […]

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Major Agriculture Companies Partner to Use Blockchain in Grain Trading

The world’s four largest agriculture companies, known as ABCD, are integrating blockchain for automating grain and oilseed post-trade execution processes. The world’s four largest agriculture companies, commonly known as ABCD, have partnered to digitize international grain trading by using blockchain and artificial intelligence (AI) technologies, Reuters reports Thursday, Oct. 25. ABCD, composed of Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., and Louis Dreyfus Co., states that blockchain implementation could make trading more efficient and transparent, as well as reduce costs. The conglomerate aims to digitize the […]

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