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About author: Ogwu Osaemezu Emmanuel

Audacity: Crypto Exchange Kraken CEO Tells New York Attorney General to Mind His Business

Category: Bitcoin, Business, Commentary, News, Regulation

Audacity: Crypto Exchange Kraken CEO Tells New York Attorney General to Mind His Business

At a time when several cities and nation-states of the world are warming up to regulating the blockchain and cryptocurrency ecosystem, Kraken, a pioneer bitcoin and altcoin exchange, have made it clear to New York regulators that it won’t respond to their irrelevant inquiries. Mind Your Own Business At current, several cities in the United States are tailoring their cryptocurrency…

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Philippine Senator: More Stringent Penalties for Crypto-related Crimes Essential

Category: Altcoins, Bitcoin, Commentary, News

Philippine Senator: More Stringent Penalties for Crypto-related Crimes Essential

Just like in the traditional finance system, bad actors are gradually infiltrating into the nascent world of virtual currencies. Heists and crypto-related robberies are steadily on the increase, almost in tandem with the meteoric rise of the price of bitcoin and the altcoins. Amidst this backdrop, a Senator in the Philippines is calling for more severe punishments for ‘cryptocriminals,’ in…

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Silicon Valley VCs: The SEC Needs to Soft Pedal on ICO Regulation

Category: Altcoins, Business, Finance, News, Regulation

Silicon Valley VCs: The SEC Needs to Soft Pedal on ICO Regulation

In recent times bad actors have taken advantage of the largely unregulated nature of the entire digital currency industry to lance their scam. Amidst this backdrop, the United States Securities and Exchange Commission (SEC) has not been taking these attempts lightly. However, some heavy-hitting VC firms in Silicon Valley have urged the regulatory watchdog to soften its harsh grip on…

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Texas Oil Producers Could Channel Excess Gas into Bitcoin Mining Operations

Category: Altcoins, Bitcoin, Business, Mining, News

Texas Oil Producers Could Channel Excess Gas into Bitcoin Mining Operations

A handful of forward-thinking Wall Street analysts have been inspired to turn gas producers in Texas’s oil-rich Permian Basin a healthy profit by simply converting their ‘useless’ natural gas into bitcoin and other cryptocurrencies. Gas Flaring to Bitcoin Mining Some cryptocurrencies use a proof-of-work (PoW) algorithm, a consensus that requires miners to compete against each other to complete transactions and…

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China Police Crush $13 Million Crypto Ponzi Scheme

Category: Altcoins, Commentary, Finance, News

China Police Crush $13 Million Crypto Ponzi Scheme

Though global security forces are doing their best in the battle against all forms of unlawful activities, ‘cryptocriminals’ are unrelenting in their efforts to make unsuspecting and somewhat gullible virtual currency enthusiasts shed tears. Now, the Chinese police force has crushed a $13 million cryptocurrency pyramid scheme. Game Over Security operatives in the city of Xi’An, northwestern China have arraigned…

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South Korean Cryptocurrency Exchanges on the Verge of Self Regulation

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

South Korean Cryptocurrency Exchanges on the Verge of Self Regulation

After months of heightened FUD in the entire crypto ecosystem, the market is gradually picking up speed as a vast array of nations has started creating proper regulatory frameworks for the blockchain-based digital assets industry. The Korean Blockchain Association, a reputable body in the South Korean cryptocurrency space, has proposed a self-regulatory system that would greatly ‘sanitize’ the virtual currency…

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A battle for Supremacy: Firms in Brazil’s ‘Cryptosphere’ Launch Rival Cryptocurrency Organizations

Category: Blockchain, Business, News, Regulation

A battle for Supremacy: Firms in Brazil’s ‘Cryptosphere’ Launch Rival Cryptocurrency Organizations

Despite warnings from the government, Brazilians have latched onto the crypto bandwagon. With over 1.4 million bitcoiners and crypto investors, the vast South American nation undoubtedly has a vibrant virtual currency ecosystem. Now, bitcoin exchanges and cryptocurrency related businesses are creating rival associations instead of uniting themselves under one umbrella in the ‘spirit of the blockchain.’ A Divided House According…

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Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Category: Bitcoin, Mining, News, Regulation

Individuals Arrested by Russian Police for Illegal Bitcoin Mining Operation

Russian police have shut down a makeshift crypto rig, arresting two individuals for engaging in illicit Bitcoin mining activities on April 11, 2018. Warehouse Seized by Authorities According to reports, Ministry of Internal Affairs official, Irina Volk revealed that Russian Security Forces had arrested two people who turned an abandoned rubber manufacturing facility into an illegal crypto mining rig. (Source:…

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Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

Category: Altcoins, Bitcoin, Mining, News, Regulation

Russia: Cryptocurrency to Fiat Transactions Exceeding $9,600 Must Be Reported

In the latest development, the Russian Federation announced on April 12, 2018, that all crypto transactions that exceed 600 rubles must be scrutinized. Latest Review On March 6, 2018, the Russian Ministry of Finance reportedly announced it was formulating a regulation to criminalize the use of blockchain-based virtual currencies as legal tender. Deputy Finance Minister Alexei Moiseev revealed that his…

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Germany’s Börse Stuttgart Stock Exchange to Integrate Bitcoin Bug Trading App

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News, Tech

Germany’s Börse Stuttgart Stock Exchange to Integrate Bitcoin Bug Trading App

Forward-thinking financial institutions are not oblivious to the fact that bitcoin and the nascent asset class it represents may indeed be the future of finance. In a bid for the future, Börse Stuttgart, the second largest stock exchange in Germany and the ninth largest in Europe, has launched its cryptocurrency trading app. Börse Bison The fintech arm of Germany’s second-largest…

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