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BITCOIN PRICE: 6,410.13     HIGH: 6,429.23     LOW: 6,372.53

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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Category: Regulation

A Legal Framework for Flockchain – Made in Germany – with the Help of Startups like Lition

Category: Adoption, Blockchain, Investment, Regulation

A Legal Framework for Flockchain – Made in Germany – with the Help of Startups like Lition

Blockchain is primed to disrupt the future of business as we know it, and German lawmakers are all for it. The CDU/CSU and SPD coalitions (major German political parties, for the uninitiated) aim to lead the European blockchain charge in developing a comprehensive blockchain strategy that fosters innovation and nurtures fledgling businesses in this new space. To fully unleash blockchain’s…

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Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

Category: Business, Crime, Finance, Investment, News, Regulation

Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

On October 18, the U.S. Securities and Exchange Commission (SEC) ordered a New York-based firm Gelfman Blueprint, Inc. and CEO Nicholas Gelfman to pay $2.5 million in fines and restitution for running a Bitcoin Ponzi scheme. The indicted Nicholas Gelfman and his company presented false investor reports to other investors assuring them of profits. Brought to Book Interestingly, this is…

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Japan Looks to Ease Tax Reporting of Cryptocurrency Gains and Profits

Category: Altcoins, Bitcoin, Exchange, News, Regulation

Japan Looks to Ease Tax Reporting of Cryptocurrency Gains and Profits

To establish a seamless tax reporting mechanism for cryptocurrency gains in Japan, the Japanese Tax Commission held a debate on October 17, 2018, per a report by the local media outlet Sankei News. Standardization of Tax Filing Process According to the report published, the Japanese Tax Commission is contemplating ways by which gains or profits on cryptocurrency trading can be…

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World Payments Report: Public DLT Fails to Meet Financial Market Demands

Category: Altcoins, Blockchain, News, Platform, Regulation, Tech

World Payments Report: Public DLT Fails to Meet Financial Market Demands

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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Leading Indian Crypto Exchange Zebpay Sets off for Malta

Category: Altcoins, Bitcoin, Business, Ethereum, Exchange, News, Regulation

Leading Indian Crypto Exchange Zebpay Sets off for Malta

Perhaps the most stagnant of all global cryptocurrencies markets, the Indian crypto market’s future depends a great deal on the long-awaited decision by the Supreme Court of India, which has already been adjourned multiple times. This persistent state of uneasiness has forced one of India’s major digital currency exchanges, Zebpay, to ramp down its operations in the country and go…

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United States Marshals Service to Auction Bitcoins Worth $4.3 Million

Category: Bitcoin, Crime, News, Regulation

United States Marshals Service to Auction Bitcoins Worth $4.3 Million

The United States Marshals Service (USMS) is set to auction bitcoins worth $4.3 million next month. The government agency outlined that it plans to sell bitcoin seized during a wide range of criminal cases. 660 Bitcoins to Go for Auction The USMS announced that it would put 660 bitcoin up for auction, with the sale slated for November 5, 2018….

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Chinese Bitcoin Mining Equipment Manufacturers Suffer Setback as Trump Increases Tariffs

Category: Bitcoin, Finance, Mining, News, Regulation

Chinese Bitcoin Mining Equipment Manufacturers Suffer Setback as Trump Increases Tariffs

Bitmain’s $3 billion initial public offering (IPO), as well as that of other Chinese bitcoin mining equipment manufacturers such as Canaan and Ebang, may be adversely affected by the June categorization of the firm’s Antminer S9 ASICs miners as “electrical machinery apparatus.” The move by the U.S government added the equipment to the list of Chinese goods subject to nearly…

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$152 Million Cryptocurrency Lawsuit Involving Augur Settled Outside of Court

Category: Altcoins, Blockchain, News, Platform, Regulation

$152 Million Cryptocurrency Lawsuit Involving Augur Settled Outside of Court

A lawsuit claiming damages of $152 million involving Augur, a cryptocurrency betting platform for predicting real-world events, has been reportedly settled off-court. As for now, San Francisco county court records show the case as dismissed. The Build-up to the Settlement The private lawsuit was filed in April 2018 by Matthew Liston, the former disputed CEO of Augur, against the three…

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Australian NSW Government Looks to Blockchain Technology For Property Conveyancing

Category: Adoption, Blockchain, News, Regulation

Australian NSW Government Looks to Blockchain Technology For Property Conveyancing

The Australian New South Wales (NSW) Government is eager to trial blockchain technology for property conveyancing because it may make the process more efficient, cheap, secure, and reliable. According to ZDNet’s article published on October 15, 2018, the NSW Land Registry will complete a proof of concept in early 2019 with the intent of shifting all form of land registry…

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Bitcoin Softens as “Dr. Doom” and China Rattle Investors: BTCManager’s Week in Review October 15

Category: Altcoins, Bitcoin, Blockchain, Exchange, Finance, News, News Digest, Regulation

Bitcoin Softens as “Dr. Doom” and China Rattle Investors: BTCManager’s Week in Review October 15

The price of bitcoin closed the week on a softer note, dropping by four percent versus last week’s close to around $6,300. Bitcoin’s correction was caused by “Dr. Doom” Nouriel Roubini’s statement in front of Congress where he called the cryptocurrency sector “the mother or father of all scams and bubbles,” and went on a rant about how valueless digital…

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