Category Archives: Crypto News

US DoJ Charges 12 Russian Officials With Cryptocurrency-Funded Elections ‘Interference’

The U.S. Department of Justice has charged 12 Russian intelligence officers with crypto-funded attempts to “interfere” in the 2016 U.S. presidential elections. The U.S. Department of Justice (DoJ) released an indictment on July 13 charging twelve Russian nationals with committing federal crimes — funded by cryptocurrencies — with the aim of “interfering” in the 2016 U.S. presidential elections. According to the DoJ’s announcement, Russian officials from two units of the Russian government’s Main Intelligence Directorate (GRU) used cryptocurrencies like Bitcoin (BTC) — which they allegedly mined and obtained […]

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Crypto Markets Show No Friday 13th Fear as Assets U-Turn on Previous Losses

Bitcoin and Ethereum managed to bounce of weekly lows Friday after dropping up to 7 percent. Cryptocurrency markets staged a modest comeback Friday, July 13, following a week in which Bitcoin (BTC) lost over 5 percent against the dollar and Ethereum (ETH) over 7 percent. Data from Cointelegraph’s price indices and Coin360 show a rebound from weekly lows of $6,180 for Bitcoin, which had hit highs of $6,792 July 8. Market visualization from Coin360 At press time Friday, BTC/USD is trading around $6,250 up just about one […]

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United Nations Puts Blockchain at Center of New ‘High-Level Panel on Digital Cooperation’

The United Nations’ Secretary-General António Guterres has created a ‘High-Level Panel on Digital Cooperation,’ which explicitly puts blockchain technology on the agenda. The United Nations’ (UN) Secretary-General António Guterres has created a ‘High-Level Panel on Digital Cooperation,’ which explicitly puts blockchain technology on the agenda,  UN News revealed yesterday, July 12. The panel, said to be “the first of its kind,” will gather 20 eminent figures from industry, civil society and academia to tackle the impact of digital technologies on global economies and societies –– an impact […]

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South Korea to Simplify Blockchain Investment With New Legislative Changes

Investing in blockchain innovation will become simpler under rule changes promised by South Korean authorities this week. South Korea regulators vowed to introduce friendly blockchain investment legislation in a meeting July 13, the latest chapter of an ongoing push to promote the technology nationally. At the 4th Vice Ministerial Meeting on “Growth through Innovation,” presided over by Vice Minister of Strategy and Finance Ko Hyoung-kwon, the government pledged to make it easier for blockchain businesses to enter the market. In order to promote job creation and support […]

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How Malta Is Becoming the Blockchain Hub of the World: a Talk With Leading Law Firm

Leading Maltese law firm on regulations, benefits of building a crypto business in Malta and further governmental plans. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. On July 4, 2018, the Parliament of Malta approved a regulatory framework for blockchain technology, making Malta one of the most ‘blockchain-friendly’ countries in the world. Cointelegraph talked to Simon Schembri, a partner at Ganado Advocates — one of the leading Maltese law […]

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American Express Files Patent for Blockchain-Powered Proof-of-Payment System

The travel arm of financial services giant American Express has filed a patent for a blockchain-based proof-of-payment system. Financial services giant American Express (Amex) has filed a patent for a blockchain-based proof-of-payment system, according to filing published by the U.S. Patent and Trademark Office (USPTO) Thursday, July 12. The patent’s applicant is listed as American Express Travel Related Services Co., Inc., Amex’s travel arm. The proposed system would automate proof-of-payments by encrypting payment payload data with a public key on an initial node of the blockchain –– […]

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Bloomberg: Billionaire Steven Cohen Backs Crypto, Blockchain Hedge Fund

Billionaire Steven Cohen has invested in Arianna Simpson’s crypto and blockchain hedge fund, Bloomberg reports. Billionaire Steven Cohen, the founder of Point72 Asset Management, is reportedly backing a crypto and blockchain-focused hedge fund, Bloomberg reports Friday, July 13. Cohen invested in Arianna Simpson’s cryptocurrency hedge fund, Autonomous Partners, via his private equity firm Cohen Private Ventures, according to Bloomberg’s anonymous source. Point72 Asset Management, whose most recent portfolio value is almost $24 billion, is headed by Andrew B. Cohen, who is also the Managing Director of Cohen […]

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Bancor Creates Crime-fighting ‘Crypto Defenders’ as Scorn Over $12 Mln Hack Escalates

Decentralized exchange platform Bancor plans to reduce the risk of future hacks across crypto by commissioning a cross-industry squad of “crypto defenders.” Self-styled “decentralized” exchange platform Bancor pledged to tackle cybercrime threats to cryptocurrency entities in a blog post July 12 as it resumed operations following a $12 mln hack this week. Summarizing the platform’s future plans in the post, co-founder Guy Benartzi also announced that Bancor’s internal tools that helped tracked its hacked funds would be made available to a wider audience. This move will form a […]

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IRS Joins the J5, Should We Prepare to the International Enforcement? Expert Take

The J5 is using military and intelligence terminology to talk about its enforcement response. In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com. The views expressed here are the author’s own and do not […]

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New Study Says 80 Percent of ICOs Conducted in 2017 Were Scams

A new report shows that more than 80 percent of ICOs conducted in 2017 were scams. A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange. The research says that in 2017 “over 70 percent of ICO funding […]

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