Category Archives: Crypto News

Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

Dubai Department of Finance has launched a blockchain-powered payment system geared towards government entities in collaboration with Smart Dubai Office. The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system. The news was reported on by a local news site Zawya, September 23. The new platform, called “Payment Reconciliation and Settlement,” was officially launched Sunday, September 23. It is reportedly geared towards government entities, such as the Dubai Police, Roads and Transport Authority (RTA), Dubai Health Authority […]

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All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700

Crypto markets are seeing another wave of growth, with Bitcoin trading above $6,700 and 19 out of the top 20 coins firmly in the green. Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap. Market visualization from Coin360 After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, […]

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From a Ripple to a Tidal Wave: Collaboration With PNC Leads to XRP Surge

XRP is the talk of the crypto world — becoming the world’s second biggest cryptocurrency by market cap following a week of positive news for Ripple. In another major milestone for cryptocurrency adoption, United States bank PNC will begin using RippleNet to process international payments for its clients. Ripple made the announcement on Sept. 19, stating that PNC’s Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank’s U.S. commercial clients. According to initial reports, xCurrent will allow PNC clients […]

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Iceland’s Industry to Shift From Crypto Mining to ‘Pure Blockchain Business,’ Insiders Say

Chairman of an Icelandic data center provider claims that the local crypto industry is going to shift from crypto mining to “pure blockchain business.” Iceland’s crypto industry is expected to move away from crypto mining and shift to “pure blockchain businesses.” This is according to forecasts made by a number of local industry insiders who talked to the news site Red Herring September 23. Halldór Jörgensson, chairman of Reykjavik-based Borealis Data Center, told Red Herring that demand from local crypto and blockchain facilities is “shifting more towards […]

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Hodler’s Digest, September 16-23: Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs

A Japanese cryptocurrency exchange is hacked of almost 6,000 bitcoins, and Elon Musk turns to Dogecoin creator to get rid of Twitter crypto scammers 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 Japanese Cryptocurrency Exchange Zaif Hacked Of Reported 5,966 Bitcoins As a result of a security breach […]

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SEC Co-Director Of Enforcement To Deal With Illegal ICOs

Stephanie Avakian, who is the co-director for enforcement at the SEC (Securities and Exchange Commission) in US has mentioned in her latest speech that the commission will be recommending more stringent enforcement for those who will not adhere to the registration requirements drafted for ICOs (initial coin offerings). Valid Methods Of Raising Funds Going by a draft of the speech that was published on the commission’s website Avakian put down the principles which the agency uses when it comes to making decisions relating to regulation and then […]

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From Adoption to FOMO: Reasons Behind Ripple’s Leap

Some possible explanations Over the past week, altcoin Ripple’s (XRP) price has gone through the roof. It has seen an unprecedented 140 percent growth over the past seven days, up almost 63 percent in the past 24 hours alone, trading at around $0.61 at press time. XRP has gone as far as to beat Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap (returned to the third spot by the press time). What could possibly drive the price so high? While there’s no […]

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Exit Scam in Wonderland: Bitconnect’s Tentacles From Texas to Gujarat

Cointelegraph investigates the murky web of incidents connected with the Bitconnect heist, from Texas to Gujarat. An American musical prelude Bitconnect, the now-defunct crypto lending and exchange platform that has been ousted as a ruinous Ponzi scheme, has memorably been compared by the Silver Miller law firm to the fleeting 2011 Broadway musical “Wonderland,” based on the dizzying impossibilities of Alice’s adventures in Lewis Carroll’s celebrated novel. Silver Miller’s first class action complaint was filed on behalf of six defrauded Bitconnect investors in late January, just weeks […]

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Crypto Markets See Mixed Signals, Ethereum Beats Ripple by Market Cap

Crypto markets hold their recent gains, ETH takes back the second position on the market over XRP by market cap. Saturday, September 22: crypto markets have seen a mix of red and green, with Ethereum (ETH) having passed Ripple (XRP) to come back to be ranked the second top cryptocurrency by market cap, according to CoinMarketCap. Market visualization from Coin360 After surging up to $6,809 earlier today, Bitcoin (BTC) is slightly down over the past 24 hours, having traded below $6,700 over the past few hours. The […]

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Coinsquare’s Investment Subsidiary Launches Two Tech-Based ETFs on TSX Exchange

Coinsquare’s subsidiary Coin Capital has become the 30th ETF provider in Canada with the launch of two ETFs focused on tech and blockchain. A portfolio-management subsidiary of crypto exchange Coinsquare has launched two exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX), local news agency The Globe And Mail reports September 20. Coinsquare’s subsidiary — Coin Capital Investment Management — has reportedly become the 30th ETF operator in Canada, with the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. […]

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