Monthly Archives: November 2018

Taiwan Passes Law to Crack Down on Anonymous Cryptocurrency Transactions

The Taiwanese government has amended its laws that regulate cryptocurrency transactions. The revisions reportedly give the country’s Financial Supervisory Commission “the authority to crack down on anonymous virtual currency transactions.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Amendments Passed The Legislative Yuan, Taiwan’s highest legislative body, on Friday passed some amendments to existing laws aimed at regulating cryptocurrency transactions in the country, Focus Taiwan reported. The publication wrote: The amendments to the Money Laundering Control Act and the Terrorism Financing Prevention Act give Taiwan’s Financial Supervisory Commission […]

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IBM Patents Blockchain System to Create ‘Trust’ Between AR Game Players, Real World Locations

IBM has applied for a blockchain patent aiming to deter augmented reality game players from intruding on undesirable locations. Major global tech giant IBM has applied for another blockchain patent, this time aiming to deter augmented reality (AR) game players from intruding on undesirable locations. The tech firm’s latest patent document was released by the U.S. Patent and Trademark Office (USPTO) on Thursday, Nov. 1. In the patent, IBM, also known as Big Blue, describes a blockchain-based method and system of interactions between a AR-running mobile device […]

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Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert

Consumer protection lawyer Jeffrey Berns is the owner and CEO of Blockchains LLC, a company that bought more than 67,000 acres of land in northern Nevada for $170 million earlier this year. On Thursday, he revealed plans to build a crypto city in the desert, claiming to have invested $300 million to make it a reality. Also Read: Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business Welcome to Sandbox City Berns, who focused primarily on class action suits against big financial services […]

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Bitcoin Cash Spikes 20 Percent in the Wake of Upcoming Hard Fork Backed by Binance

Bitcoin Cash has spiked 20 percent in the wake of an upcoming hard fork supported by now-second largest exchange Binance.   Sunday, Nov. 4: crypto markets have seen a lot movement today, with most of the top 20 coins by market cap seeing significant growth, and with Bitcoin Cash (BCH) spiking almost 21 percent by press time. Market visualization from Coin360 Bitcoin Cash, the fourth top cryptocurrency by market capitalization, has grown sharply from $473 at the beginning of the day to as high as $573 as […]

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Turkish Police Arrest 11 Suspects in Alleged Hack of Cryptocurrency Wallet Accounts

The Turkish police’s cybercrime unit detained 11 suspects in an alleged hack of crypto accounts with victim losses amounting to over $80,000. The Cybercrime Department of the Turkish National Police has arrested 11 suspects in an alleged hack of crypto accounts, with victims reporting more than $80,000 in losses, major Turkish newspaper Hürriyet reported Friday, Nov. 2. According to the article, 14 individuals have reported to local prosecution authorities that their crypto wallets were hacked with their Bitcoin (BTC) transferred to other wallets. Following the complaints, the […]

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Hodler’s Digest, Oct. 29 – Nov. 4: Rapper T.I., Charlie Shrem Sued Over Alleged Pump-and-Dump, BTC Theft Respectively

This week in crypto, T.I. is sued for allegedly pumping and dumping a token, and Charlie Shrem is sued for alleged theft of 5,000 BTC.   Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US Rapper T.I. Sued for $5 Million After Alleged Failure of FLik Token U.S. […]

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Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps

Over the last few months, the Bitcoin Cash (BCH) developers who created the Yenom wallet have been developing a lot of BCH applications and tools. On Nov. 3, the Yenom developer Shun Usami revealed a new proposition model for decentralized application development proposals called the Bitcoin Dapps Improvement Proposal (BDIP) standard. Also read: New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day Decentralized Application Proposals for Bitcoin Cash Since the introduction of re-enabled opcodes last May, Bitcoin Cash developers have been steadily working on applications like […]

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Skirting the Great Wall: The Chequered Saga of Crypto in China, 2018

Part two of Cointelegraph’s three-part series on the history of crypto regulations in China, as authorities redoubled their efforts to strike an elusively fatal blow to the industry.   In the aftermath of September 2017’s historic ban on initial coin offerings (ICOs), and the banishment of domestic crypto trading platforms, a resourceful crypto community was already showing signs of devising multiple means of circumventing the authorities’ increasingly draconian actions. Part two of Cointelegraph’s three-part series continues to investigate the factors that catapulted China’s regulators to redouble their […]

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HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

HSBC India and India’s holding giant Reliance Industries have completed a joint blockchain-enabled trade finance transaction. The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4. The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL to U.S. client Tricon Energy, which sufficiently reduced both the time and costs of processing […]

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The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land Sales

In this edition of The Daily, we cover the launch of an OTC trading desk by P2P exchange Hodl Hodl and news about a Belarusian exchange trading cryptocurrencies out of New York. We also take a look at Decentraland’s new voting platform that allows members of the community to express their opinions on future development of the virtual reality project. Also read: SEC Ramps Up Enforcement, 60% of Smart Contracts Are Dormant P2P Exchange Offers Non-Custodial OTC Trading Peer-to-peer cryptocurrency exchange Hodl Hodl has launched an over-the-counter […]

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