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#cryptocurrency news News
Malaysian Electricity Authority Nab Illegal Bitcoin Miners
August 8, 2019 by
Ogwu Osaemezu Emmanuel
at
Crime
Tenaga Nasional Bhd (TNB), Malaysia’s state-owned electricity company has raided 33 buildings illegally using its energy for bitcoin mining operations that gulped RM3.2 million (roughly $763k) worth of power whereas they only paid a bill of only RM219 ($52), according to a report by local news source, malaymail August 7,...
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Bitcoin, Ether, and XRP Weekly Market Update August 5, 2019
August 5, 2019 by
Georgi Hristov
at
Price Analysis
The total crypto market cap added $39 billion to its value during the last seven days and now stands at $306 billion. The top 10 currencies are all in green for the same time frame with Bitcoin (BTC) gaining 21 percent while Bitcoin Cash (BCH) added 11 percent to its market cap. At...
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Bitcoin and Ether Market Update: August 01, 2019
August 1, 2019 by
Georgi Hristov
at
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Total crypto market cap added $11 billion to its value since Monday, July 29 and now stands at $274.9 billion. Top ten coins registered mixed results for the last 24 hours with Litecoin (LTC) being the best performer with 5.9 percent of gains while Bitcoin Cash (BCH) lost 2 percent....
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Binance Research Identifies Design Flaw on Prediction Market Platform Augur
April 2, 2019 by
Tom Nyarunda
at
News
According to April 1, 2019, report by Binance Research, a number of design flaws have been discovered in predictions-market platform Augur that can easily be exploited by malicious persons to defraud genuine users out of their staked tokens. The report posits that low volumes have made the Ethereum-based decentralized predictions...
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South Korea: City of Gimpo to Get Its Own Cryptocurrency
February 17, 2019 by
Tokoni Uti
at
News
The South Korean city of Gimpo will be the latest to have its own native cryptocurrency, as reported by ZDNet on February 14, 2019. A New Coin in Town Cryptocurrencies that are attached to a specific location have been around for some time now. Venezuela have their own national currency and cities...
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Hodl Rally Embarks on an Eight-Day Cryptocurrency Rally Around Europe
February 14, 2019 by
Ogwu Osaemezu Emmanuel
at
News
HODL RALLY, a distributed ledger technology (DLT) inspired supercar rally has inaugurated an eight-day event around Europe which aims to create a unique network of cryptocurrency and blockchain enthusiasts, investors as well as entrepreneurs, according to a press release on February 13, 2019. HODL RALLY Collaborates with EVOLV Based on...
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Dallas: Crypto Firm Arrested by FBI for $4 Million Fraud
November 30, 2018 by
Aisshwarya Tiwari
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The FBI has arrested the CEO of Dallas-based AriseBank on November 28, 2018, reports Dallas News. The arrest was made after allegations of company CEO, Jared Rice Sr. duping hundreds of investors out of more than $4 million. Reportedly, Rice had tricked the investors into a ponzi cryptocurrency scheme, promising...
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Vietnamese Authorities Propose Embargo on Importation of Bitcoin Mining Equipment
June 7, 2018 by
Ogwu Osaemezu Emmanuel
at
Altcoins
,
Bitcoin
,
Ethereum
,
Mining
,
News
While the Vietnamese crypto space has remained somewhat vibrant in recent times despite the warnings and efforts of the governments to crush the local digital currency industry, it appears the situation is about to get even worse for crypto investors in the region as authorities have proposed to ban the...
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Apple Revises App Store Guidelines for Cryptocurrency Apps
June 7, 2018 by
Cindy Huynh
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Ethereum
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News
Apple has recently revised its App Store guidelines and provided new rules concerning cryptocurrency apps. According to TechCrunch, a number of Apple developers recently worked together to form a group called “The Developers Union.” The Union requested Apple to offer free trial versions of their apps. It’s one of the...
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HitBTC Cryptocurrency Exchange Stops Servicing Japanese Residents
June 5, 2018 by
Ogwu Osaemezu Emmanuel
at
Business
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Finance
,
News
,
Regulation
The regulatory wars continue. The eighth largest crypto exchange in the world by traded volume, HitBTC, has barred Japanese citizens from using its platform citing regulatory issues. Goodbye Japan According to a blog post by the firm on June 3, 2018, the HitBTC team has made it clear its effort...
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Former VISA CEO Joins Cryptocurrency Payments Startup
May 28, 2018 by
contributor
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Marc O’Brien, the former CEO of Visa in the United Kingdom and Ireland, has recently joined a new cryptocurrency startup, which aims to make crypto transactions a routine habit for its spenders. Crypto-Startups Realise The Value of Experience The startup, Crypterium, was founded by a group of young entrepreneurs who...
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Research States Cryptocurrency Prices Driven Solely by Investor Sentiment
May 26, 2018 by
contributor
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Everyone who knows anything about cryptocurrencies knows one thing for sure; its value is highly volatile. This infamous reason is one of the biggest qualms toward why masses are hesitant of investing. Mood Swings Lead to Value Swings What many try to understand but fail is the reason behind the...
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Russian Bank Allows Venezuelan ‘Petro’ Investors To Circumvent U.S. Sanctions
May 18, 2018 by
contributor
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A small-time Moscow bank that boasts of President Nicolas Maduro as their largest shareholder, along with two Russian companies, is the new ‘it’ thing for investors that aim at investing in Venezuela’s new cryptocurrency ‘petro.’ Getting Around U.S. Laws The Moscow-based bank, called Evrofinance Mosnarbank, has made a name for...
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South Korean Cryptocurrency Exchange Executives Arrested For Stealing User Funds
May 16, 2018 by
Joseph Young
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The president and executives at HTS, a cryptocurrency exchange based in South Korea, were arrested this week for manipulating user funds and illegally reallocating the company’s holdings in cryptocurrencies like bitcoin and ether to the personal accounts of executives according to Korean publication TokenPost. Illegal Transfer of User Funds The...
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Two Individuals Arrested in South Korea For Running $30 Million Cryptocurrency Ponzi
May 14, 2018 by
Joseph Young
at
Altcoins
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Bitcoin
,
Crime
,
Finance
,
News
Two South Korean individuals, whose names remain anonymous, were arrested this week for running a $30 million cryptocurrency Ponzi scheme in Busan, the second largest city in South Korea behind Seoul. Ponzi Schemes Have Become a Major Issue Over the past nine months, the two individuals established an office in...
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