Monthly Archives: October 2018

Move Over Smallville: Drama and Myths of Crypto Come to Life in New Comic Book Series

sponsored A company is creating a comic book universe for crypto with a view to educating readers, entertaining them, and establishing a new raft of collectibles. Move over DC and Marvel: a fledgling company wants to create a comic book universe where crypto and blockchain are at its center – building an immersive experience for readers with a whole new suite of coveted collectibles. Tokenville says comics offer an exciting format for entertaining crypto enthusiasts, not to mention enlightening those who are new to the community. It […]

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Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business

Bitcoin trader Jacob Burrell-Campos pleaded guilty this week in a U.S. federal court to operating an unlicensed money transmitting business. The 21-year-old San Diego native is now awaiting sentencing and faces a maximum of five years in jail. Also Read: How to Easily Give BCH as Gifts in Halloween Trick-or-Treat Packages ‘Serious Threat’ to US Banking System Burrell was arrested in August while trying to cross the border from Mexico. He was apprehended for trading crypto to fiat with over 1,000 people in the U.S. since January […]

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Bitcoin Whitepaper – 10 Years Since Satoshi’s Vision Was Brought to Life

As Bitcoin celebrates the 10th anniversary of its whitepaper, Cointelegraph explores the various influences that breathed life into cryptocurrency. The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society. The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and interact with information. In the same vein, over the short […]

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The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services

In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders.  Also read: Security Startup Raises $30M, Crypto Used to Fight Plastic Pollution Nexo Announces 6.5 Percent Interest Rate on Stablecoin Holdings Nexo, a cryptocurrency loans service, said this week that it’s going to offer interest payments on […]

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Big Four Auditor EY Launches Zero-Knowledge System for Private Transactions on Ethereum

Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum public blockchain. “Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum (ETH) public network, according to a press release Oct. 30. The system, dubbed EY Ops Chain Public Edition (PE), uses zero-knowledge proof (ZKP) technology, an alternative algorithm for authenticating distributed ledger entries, in which transacting parties provide proof […]

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Coinbase Exec Denies Plans for IPO ‘Any Time Soon,’ Reveals Plans to Add up to 300 Coins

Coinbase thinks that around 300 out of the total number of cryptocurrencies in existence currently are “worth” offering. Major U.S. cryptocurrency exchange and wallet provider Coinbase will not perform an initial public offering (IPO) “any time soon,” the company’s President and COO Asiff Hirji told Bloomberg today, Oct. 31. Speaking to Bloomberg TV, Hirji, who himself was the first to hint about the potential for an IPO in 2017, said that while the company would go public “at some point,” it was “not even close to the […]

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Two Brazilian Banks Reopen Accounts of Local Crypto Exchange to Avoid Fines

Banco do Brasil and Santander reopen accounts of Brazilian crypto exchange Bitcoin Max following the preliminary court injunction. Two major Brazilian banks have reopened the banking accounts of one of the local crypto exchanges experiencing banking issues recently, local crypto outlet Portal do Bitcoin reports Wednesday, Oct. 31. The preliminary decision to reopen accounts in major banks Banco do Brasil and Santander Brasil for local crypto exchange Bitcoin Max was granted by the Federal District Court. The  judge ruled that the mentioned banks failed to notify the […]

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Korea’s Top Financial Regulator: Crypto Exchanges Should Face ‘No Problems’ With Banks

The chairman of South Korea’s Financial Services Commission has affirmed that crypto exchanges should face no issues with banking provisions. The chairman of South Korea’s Financial Services Commission (FSC) has affirmed that crypto exchanges should face no issues with banking provisions, local media platform Token Post reported Oct. 30. The FSC’s Choi Jong-Ku clarified that banking support would be provided as long as exchanges have adequate anti-money-laundering (AML) safeguards in place and apply robust know-your-customer (KYC) checks. In particular, Korean banks previously could offer “virtual” accounts to […]

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Will Small Companies Beat Large Corporations if They Use Blockchain?

sponsored An American Blockchain startup aims for the mass adoption of cryptocurrency and blockchain with a chain of agnostic protocols to process business transactions. An American startup is building a blockchain agnostic protocol in a bid to provide small businesses with affordable access to new technology, and drive the mass adoption of blockchain and cryptocurrencies. Opporty, with experienced founders from the U.S., has also set up a “trusted and verified services marketplace” on the Ethereum blockchain, with features such as smart contracts, decentralized escrow, and lead generation. […]

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Venezuela Begins Public Sale of National Cryptocurrency Petro

The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from China have reportedly purchased some with yuan. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Venezuela Starts Selling Petro On Monday, the Venezuelan government announced that the public can now purchase the country’s national cryptocurrency directly from the Superintendency of Cryptoassets and Related Activities […]

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