Category Archives: Crypto News

Bitmain Co-Founder Jihan Wu Loses Executive Power in Board Reshuffle, Says Chinese Media

Unsubstantiated reports quoting a lawyer from Bitcoin mining giant Bitmain suggest co-founder Wu no longer has executive power. Cryptocurrency commentators are eyeing Bitmain Nov. 13 after Chinese industry media outlet Sanyang Blockchain reported a board reshuffle had resulted in co-founder Jihan Wu being unable to influence corporate decisions. Citing an unnamed “financial news” source, Sanyang quotes a lawyer for Bitmain, Tian Yangang, saying that as a result of the redistribution of positions at the company’s executive board, Wu had been demoted from being a “director” to a […]

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Japan: Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack

Japanese crypto exchange Coincheck has announced it has resumed NEM crypto token trading after a restructuring of its platform by external “security experts.” Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts,” South Korean news outlet FNNews reports Nov. 13. In January of this year, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. This latest development from Coincheck reveals the exchange […]

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Ripple Lawyers Try to Move Securities Lawsuit to Federal Court in ‘Slick’ Move

Ripple’s legal team has filed to relocate its securities lawsuit to a national arena. Lawyers representing payment startup Ripple in its ongoing securities lawsuit are trying to move the case to a U.S. federal court in a show of what one legal commentator described as “tactical brilliance” Nov. 9. Court records confirm the application to move the case from state to federal level, which would allow Ripple to prove definitively that its XRP token is not a security under U.S. law, should it win. In the removal […]

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Speeding Up Mortgage Application Times: ‘Future of Real Estate’ Gets Regulatory Approval

sponsored A platform which hopes to speed up the closure of house purchases through blockchain technology has been legalized by Japanese authorities. A blockchain-based startup which bills itself as “the future of real estate” has announced that its project has been legalized by Japanese regulatory bodies, including the Securities and Exchange Surveillance Commission. Ruden Holdings says inaccurate information, poor record management and inefficient processes are currently blighting the property sector – costing businesses time, money and even credibility. Data cannot be shared easily between organizations – and […]

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Opposing Bitcoin ABC and Bitcoin SV Factions’ Debates Grow Heated as the Bitcoin Cash Hard Fork Draws Closer

Will Bitcoin Cash split? An extended overview of convictions, mind games, and “cheat codes” used by Bitcoin ABC and Bitcoin SV to beat one another. Born out of the original Bitcoin blockchain on August 1, 2017, Bitcoin Cash (BCH) has split the cryptocurrency community into warring factions with their own arguments, verbal skirmishes, leaders, convictions and occasional get-togethers. On November 15, BCH developers are preparing to undergo its next hard fork, a split of the blockchain, which can give birth to new tokens named Bitcoin SV (Satoshi’s […]

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Australia’s Biggest Bank Trials Blockchain-Based ‘Smart Money’ for Disability Insurance

The Commonwealth Bank of Australia and a government-run digital innovation center have successfully trialled a blockchain-powered “smart money” system for disability insurance. The Commonwealth Bank of Australia (CBA) and government-run digital innovation center Data61 have released the results of their trial for a blockchain-powered “smart money” system for Australia’s National Disability Insurance Scheme (NDIS). The development was reported by local financial and business news platform Business Insider Australia today, Nov. 13. Data61 is a digital innovation hub that forms part of the Commonwealth Scientific and Industrial Research […]

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IMF Vows to Continue ‘Devoting Attention’ to Blockchain, Cryptocurrency in Fintech Drive

The International Monetary Fund’s Deputy General Counsel made known about its plans to experiment with blockchain during a conference speech this week. The International Monetary Fund (IMF) said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology in comments Nov. 12. Speaking on a panel with Ripple CEO Brad Garlinghouse during the Singapore Fintech Festival 2018, IMF Deputy General Counsel Ross Leckow highlighted three areas the organization has been “active” in regarding blockchain, cryptocurrency and […]

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Major US Museum Becomes Country’s Third to Accept Bitcoin as Payment

Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin as payment from visitors as of today, Nov. 13. Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin (BTC) as payment as of today, Nov. 13. Local business news source Crain’s Cleveland Business (CCB) reported on the development Nov. 9. According to SpendBitcoins USA – a directory of retail merchants that accept Bitcoin as payment – at least two other U.S. museums already accept […]

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Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil

Japan and Brazil are the target of a new cryptocurrency-based remittance service based on Ripple. Japanese bank holding and financial services company Mitsubishi UFJ Financial Group, Inc. (MUFG) said it will use Ripple (XRP) to create a new cross-border payments service to Brazil in a press release Nov. 9. MUFG, which has demonstrated an increasing interest in cryptocurrency products, will partner with Brazil’s Banco Bradesco to create the platform through its local subsidiary Banco MUFG Brasil. Confirming the two parties had signed a Memorandum of Understanding (MoU), […]

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Ahead of Bitcoin Cash Hard Fork, The Coin’s Competing Visions Vie for Hash Rate

Data from Coin Dance shows that a majority of hash power favors Bitcoin Cash SV over Bitcoin Cash ABC, the version supported by crypto evangelist Rover Ver. As the Nov. 15 Bitcoin Cash hard fork draws closer, a majority of hash power favors the Bitcoin Cash SV iteration favored by Australian computer scientist Craig Wright’s nChain, data from Coin Dance shows Nov. 12. According to Coin Dance, 66–77 percent of Bitcoin Cash (BCH) miners are backing the SV network based on currency hash rates, compared to 18–29 […]

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