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World Blockchain Roadshow 2018 – Asia and Europe • June 28 - August 18, 2018

That is the story of wbrshow.idacb.com — where you will find best investors from most popular areas. We picked up…

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About author: Ogwu Osaemezu Emmanuel

Bitwise Launches Three New Crypto Index Funds, Renames its HOLD 10 Index

Category: Altcoins, Bitcoin, Finance, News

Bitwise Launches Three New Crypto Index Funds, Renames its HOLD 10 Index

On August 15, 2018, Bitwise, the creator of the world’s first cryptocurrency index fund, has announced the creation of three new cryptoassets index funds to cover the mid-cap cryptos, small-cap coins, and the total market segments of the blockchain-based virtual currency market. The firm has also launched an index advisory board and API access for anyone interested in high-quality crypto…

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Pantera Capital Primed to Raise $175 for Cryptocurrency-Focussed Venture Fund

Category: Altcoins, Blockchain, Exchange, Investment, News, Tech

Pantera Capital Primed to Raise $175 for Cryptocurrency-Focussed Venture Fund

A U.S.-based blockchain technology investment firm, Pantera Capital, has raised $71 million from 90 investors, out of the $175 million it’s looking to get for its third cryptocurrency fund, reported TechCrunch on August 15, 2018. Aiming for the Moon At a time when the bears have the upper hand in the cryptocurrency market, the highly reputed cryptocurrency investment company is…

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The SEC Slaps Scam ICO Organizer with $30,000 Penalty

Category: Altcoins, Business, Finance, ICO News, News, Regulation

The SEC Slaps Scam ICO Organizer with $30,000 Penalty

According to a statement released by the United States Securities and Exchange Commission (SEC) on August 14, 2018, David T. Laurance, the organizer of a fraudulent initial coin offering (ICO) that issued Tomahawkcoins to California residents, has been penalized by the regulatory watchdog. Tomahawk Scam ICO Crushed Per the SEC order, Laurance sold Tomahawkcoins claiming to raise funds for oil…

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Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

Category: Altcoins, Blockchain, Development, Finance, News, Tech

Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries. Petro Crypto Goes Official…

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MTO Global Team Up with Oracle Cloud to Launch its DLT-based M2O Customer Loyalty System

Category: Blockchain, Development, News, Tech

MTO Global Team Up with Oracle Cloud to Launch its DLT-based M2O Customer Loyalty System

MTO Global, an integrated membership platform firm has joined forces with software and database giants, Oracle to create a blockchain-based customer loyalty program tagged Membership and Mileage To Opportunity (M2O), as announced in a press release on August 14, 2018. A Game Changer MTO is looking to revolutionize the way loyal customers are rewarded, by creating an innovative blockchain-powered system…

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Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity

Category: Altcoins, Bitcoin, Finance, News, Regulation

Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity

Saudi Arabia’s financial watchdog, the Standing Committee for awareness on dealing in unauthorized securities has stated categorically on August 12, 2018, that cryptocurrency trading is illegal in the kingdom of Saudi Arabia. Bitcoin is Illegal in the Kingdom As stated in a press release by the standing committee, it is now officially against the law for citizens and residents of the Kingdom…

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ICO Exit Scams: Bad Actors Cart Away $100 Million in 2018

Category: Bitcoin, Blockchain, Ethereum, News

ICO Exit Scams: Bad Actors Cart Away $100 Million in 2018

While there have been quite many initial coin offerings (ICOs) that have made investors smile to the bank in recent times,  there’s no denying that some of these crypto-based fundraisers have also broken the hearts of many. At current, it is estimated that investors have lost nearly $100 million to ICO exit scams, as first reported by blockchain intelligence firm…

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Winners Emerge in the European Investment Bank (EIB) Blockchain Hackathon

Category: Altcoins, Blockchain, Business, Development, News

Winners Emerge in the European Investment Bank (EIB) Blockchain Hackathon

According to a Finextra report on August 13, 2018, a team of programmers from EY have won the distributed ledger technology (DLT) hackathon organized by the European Investment Bank (EIB) aimed at formulating fail-proof methods to redesign the transaction processing of commercial paper with blockchain technology. 56 Coders, 15 Countries, One Winner In a bid to revolutionize the old and…

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Thailand: Police Crush Bitcoin Scam Worth Over $30 Million, Local Celebrities Involved

Category: Altcoins, Bitcoin, Investment, News, Regulation

Thailand: Police Crush Bitcoin Scam Worth Over $30 Million, Local Celebrities Involved

The Crime Suppression Division (CSD) of the Thai police have clamped down on a group of fraudsters who orchestrated a Bitcoin scam scheme that succeeded in swindling Aarmi Otava Saarimaa, a 22-year old Finnish national, of over 5,000 bitcoins, as first reported by the Bangkok Post on August 13, 2018. Smooth Crypto Criminal According to a Bangkok Post report, Aarni…

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Arizona State University Join Forces with Dash to Publish Blockchain Scalability Research

Category: Altcoins, Blockchain, Business, News, Tech

Arizona State University Join Forces with Dash to Publish Blockchain Scalability Research

While cryptocurrency enthusiasts strongly believe that digital currencies are one of the best creations of man since the beginning of time, critics of the burgeoning sector have not ceased condemning bitcoin and the altcoins for their serious scalability issues. Now, Arizona State University (ASU), in collaboration with Dash, have published the research result on blockchain scalability, using the Dash blockchain…

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