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The Changpeng Zhao-led crypto exchange behemoth Binance has completed its scheduled fifth BNB token burn – thus reducing the total supply of the Binance Coin (BNB) by 1.64 million. This was confirmed in a Medium post, published by Binance on October 17, 2018. Token Burn per White Paper Binance’s white paper talks about the scheduled token burns to ultimately bring…

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The incredible versatility of the Ethereum blockchain has enabled a plethora of different decentralized apps (dApps) to exist. In the following series will see ten platform dApps under the spotlight. 1. Golem Making extra cash while browsing social media is the central promise of Golem, a peer-to-peer market for putting your computer’s excess CPU power to use for other people….

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A number of Chinese companies from the financial industry recently formed an Association known as the Financial Blockchain Shenzhen Consortium (FISCO). According to a press release published on October 18, 2018, FISCO is intent on building an open-source blockchain platform called the FISCO BCOS which unlike consortiums like Hyperledger Fabric, or R3 Corda, will operate without a token and be open…

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According to the news agency Deepdotweb, Two Maryland men were arrested for selling illegally distributing Xanax pills and using bitcoin as a payment method for a multimillion-dollar laundering operation. Xanax Suspects Arrested The Department of Justice announced the arrests of over 30 suspects form dealing drugs over the Darkweb last July 3, 2108, in operation named “Operation Dark Gold.” According…

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China-based cryptocurrency company Cobo has developed a new hardware wallet which provides innovative new security features to ensure that user funds are kept secure. The Cobo Vault Cobo refers to its Cobo Vault as “the world’s first all-around secure, military-grade cryptocurrency hardware wallet,” and this description seems to be justified. The team behind Cobo Vault wanted to create a genuinely…

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Circulor is partnering with the Rwandan Government to track tantalum, a precious metal used in consumer electronics. According to Circulor’s post released on October 16, 2018, the project which is currently live, will help miners in Rwanda follow guidelines laid out in international agreements to eventually eradicate any source of conflict Tantalum from the supply chain. Rwanda Takes Action with…

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Institutional interest in cryptocurrencies seems to be slowly and steadily gaining upward traction. Per a report published by Bloomberg, dated October 18, 2018, the Wall Street goliath Goldman Sachs Group Inc. and Mike Novogratz’s Galaxy Digital Ventures have made a substantial investment in BitGo Holdings Inc. Specifics of the Investment Palo Alto-based BitGo is currently undergoing Series B fundraising and…

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Tennis star Caroline Wozniacki signed a deal with Global Crypto Offering Exchange (GCOX) to launch her crypto token, Reuters reported on October 18, 2018. First Female Athlete to Endorse a Blockchain Startup  Tennis ace Caroline Wozniacki has become the latest athlete in line to sign a deal with a significant cryptocurrency exchange and show support for the burgeoning blockchain industry….

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On October 15,  2018, South Korean cryptocurrency exchange Bithumb announced they are launching their first official decentralized exchange, dubbed Bithumb DEX. The Korean crypto giant Bithumb is said to leverage OneRoot R1 protocol to increase the overall efficiency of the decentralized exchange. The Era of Decentralized Exchanges The noteworthy crypto player in Korea, Bithumb has seen an exciting year of…

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While the International Word Bank Organization believes that distributed ledger technology (DLT) could fundamentally transform the existing financial sector, the World Payments Report 2018, published on October 16, 2018, concludes DLT cannot keep up with the financial market demands due to many problems and challenges facing DLT adoption. Public DLT Technology Faces Many Limitations and Challenges The World Payment Report 2018…

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