Monthly Archives: June 2019

Germany: CDU and CSU Union to Integrate Blockchain Into Public Services

In Germany, the CDU and CSU Union is pushing to integrate blockchain technology into public services. In Germany, the CDU and CSU Union wants to integrate blockchain technology into public services, Cointelegraph Deutschland reported on June 25. The CDU and CSU Union represents the centre-right Christian democratic political alliance of two parties in Germany, the Christian Democratic Union of Germany (CDU) and Christian Social Union in Bavaria (CSU). In the original announcement published earlier today, the Union revealed that it wants to use blockchain for public service tasks […]

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Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid. Also Read: Check out Bitcoin.com’s Rebrand Giveaway and Win a Keepkey Hardware Wallet Tavanir Grid Spokesperson: ‘Crypto Miners Are Consuming Too Much Electricity in Iran’ This week, state-run electric company spokesman Mostafa Rajabi Mashhad […]

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Europol Arrests Six People Allegedly Behind $27 Million Bitcoin Theft

Europol arrests 6 unnamed individuals in the U.K. and the Netherlands under suspicion of involvement in a multimillion-dollar crypto theft. Europol, in conjunction with the United Kingdom’s South West Regional Cyber Crime Unit, the Dutch police, Eurojust, and the U.K.’s National Crime Agency (NCA), has coordinated the arrests of six people suspected of stealing over $27 million in cryptocurrency, according to a press release on June 25. The attackers reportedly were involved in typosquatting, a fraudulent means to steal credentials by setting up a scam website with […]

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Kraken Raises Over $13 Million In Its Latest Fundraising Round

San Francisco-based cryptocurrency exchange Kraken has raised over $13.5 million in financing on online investment platform BnkToTheFuture. San Francisco-based cryptocurrency exchange Kraken has raised over $13 million in financing on online investment platform BnkToTheFuture. Kraken has raised $13.5 million from 2264 investors, surpassing its initial target of $10.2 million purportedly due to popular demand. The fundraising campaign of Kraken — which has over four million clients in nearly 200 countries — is the most successful funding round by individual contributors on BnkToTheFuture. As previously reported, Kraken raised […]

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The Guns N’ Bitcoin Scorpion Case Holds Your Shooter and Your Satoshis

Digital assets have become very valuable over the last few years, spawning a string of devices that protect cryptocurrencies from malware and mishandling. Now there’s a company called Guns N’ Bitcoin that offers a durable case called the Scorpion that holds not only a hardware wallet, but also three types of full to compact pistols and magazines for the gun. Guns N’ Bitcoin believes crypto enthusiasts should guard their “pocket-sized Swiss bank accounts” with a case that can protect people’s assets from the elements as well as […]

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US CFTC Approves LedgerX’s Application for Designation As Contract Market

LedgerX, a U.S.-based regulated crypto derivatives and clearing platform, has received CFTC approval to operate as a designated contract market. The United States Commodity Futures Trading Commission (CFTC) has approved the application of LedgerX LLC for designation as a contract market, according to an announcement published on June 25. LedgerX — a U.S.-based regulated crypto derivatives and clearing platform — can operate as a designated contract market (DCM) as of June 24, 2019. The company’s activities will be registered under Section 5 of the Commodity Exchange Act […]

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Republic of Abkhazia Develops Law Draft on Crypto Mining

The Ministry of Economy of the Republic of Abkhazia has developed a bill regulating the country’s cryptocurrency mining activities. The Ministry of Economy of the Republic of Abkhazia has developed a law draft on the settlement of cryptocurrency mining activities in the country, local news outlet Sputnik Abkhazia reported on June 24. The press service of the Ministry told Sputnik that the drafted bill was approved and sent to the Cabinet of Ministers of the republic. The proposed regulation defines legal, economic, organizational, and technical rules for […]

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Iranian Government to Cut Off Power to Crypto Mining Until Approval of New Energy Prices

An official at Iran’s Ministry of Energy said that the authorities will have to cut off power to crypto mining due to energy overconsumption. The Iranian government will be cutting off power to crypto mining until new energy prices are approved, according to a report by local news agency Iran Daily on June 24. Mostafa Rajabi Mashhadi, an official at Iran’s Ministry of Energy, reportedly revealed that the country has seen a 7% spike of electricity consumption over a monthly period ending on June 21, 2019.  Rajabi […]

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Walmart China Will Track Food in Supply Chain with Vechain’s Thor Blockchain

Walmart China will track food move in its supply chain with Vechain’s Thor blockchain. Walmart China plans to track food through its supply chain with VeChain’s Thor blockchain, reveals a VeChain press release published on June 25. Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin, and the China Chain-Store & Franchise Association. WCBTP has been reportedly announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar […]

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Synthetix Reverses Oracle Error-Caused Misplaced sETH in Exchange for a Bug Bounty

Synthetix resumes trading after agreeing to give a bug bounty to a trading bot owner for reversing the misplaced 37 million sETH. Following a recent oracle issue, asset issuance platform Synthetix will reverse the misplaced 37 million synthetic ether (sETH) in exchange for a bug bounty, Synthetix founder Kain Warwick stated on June 25. According to the statement, Synthetix has now resumed trading and transfers after the platform yesterday suffered an oracle error that led to several trades with profits of 1000x, resulting in more than $1 […]

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