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The government of Singapore has warned investors to be wary of bitcoin investments purporting to be backed or supported by Singaporean Prime Minister Lee Hsien Loong, Bloomberg reported on September 24, 2018. Singapore Issues Warning The island state’s premier has been forced to issue a statement dissociating himself from the supposed investments after a rash of incidents involving crypto investment schemes…

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Iceland has been a hotbed for bitcoin and other cryptocurrency miners due to its very cold climate and the availability of cheap power supply. However, 2018 has seen a shift of interest from bitcoin mining to core blockchain ventures in the country, partly due to the slump in the price of bitcoin, reported  Red Herring on September 23, 2018. Move over…

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In the past ten years, Facebook has grown from a mere social media platform to one of the biggest internet companies the world has ever seen. With its recent acquisitions of Instagram and WhatsApp, it has comfortably positioned itself in the minds of over two billion people. The company is also a significant player in the advertising and virtual reality…

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Australia is grappling with a fake honey scandal. A number of companies claiming to be selling pure honey have allegedly been mixing in other types of sweeteners such as corn syrup. In a report released by Australian media houses Fairfax and ABC media, 28 honey brands were tested by a German lab. Bremen-based Quality Services International (QSI) was tasked by…

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Bitcoin mining company AntPool, owned by Bitmain, one of the largest manufacturers of mining rigs in the world, landed a sponsorship deal with professional U.S. basketball team the Houston Rockets, The South China Morning Post reported on September 24, 2018. Bitmain Sponsors NBA’s Houston Rockets Bitmain Technologies, the world’s biggest supplier of cryptocurrency mining equipment, is looking to help push…

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Climate change due to out-of-control carbon dioxide emissions has been a tangible threat for several years now. A study by the International Energy Agency in 2018 showed that CO2 levels around the world had increased by roughly 1.5 percent in the past year. Furthermore, with the United States backing out of the United Nations Paris Agreement earlier this year, the…

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Andreessen Horowitz’s specialized cryptocurrency and blockchain fund a16z crypto has purchased six percent of MakerDAO’s total MKR token supply for $15 million, the company announced in a September 24 press release. First Stablecoin Investment Investment fund a16z crypto has purchased six percent of the total MKR token supply for $15 million, marking the investment’s fund first encounter with cryptocurrencies. The…

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Crytpo-fueled web browser Brave and the DLT-powered digital identity platform, Civic, have decided to work in unison to bring the latter’s KYC services to publishers on the BAT-funded web browser. Per a September 21, 2018, dated announcement during the Consumer Identity World in Seattle, verified publishers on the Brave platform will now have the option to use Civic’s KYC and…

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Smart Dubai Office in collaboration with the Dubai Department of Finance have created a distributed ledger technology (DLT) based payments processing, settlements, and reconciliation platform aimed at upgrading the financial system to enable real-time, cost-efficient, and frictionless payments processing, reported Thomson Reuters Zawya on September 23, 2018. Dubai Adopts Blockchain Technology Smart Dubai Office, the technology arm of Smart Dubai…

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