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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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Tag: digital currency

Bounty Program ETHPrize to Stimulate Development on the Ethereum Platform

Category: Ethereum, News, Tech

Bounty Program ETHPrize to Stimulate Development on the Ethereum Platform

While development bounty programs have existed in the cryptocurrency ecosystem for some time now, they have all been somewhat inefficient at garnering interest. However, a new funding project, pioneered in part by the co-founder of Ethereum, Vitalik Buterin, may be finally ready to challenge that fact. Announced at the Ethereum Community Conference that was held in Paris in March 2018,…

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The Mysterious Fate of Bitcoin Wallets Forfeited by the U.S. Government

Category: Bitcoin, Business, News, Regulation

The Mysterious Fate of Bitcoin Wallets Forfeited by the U.S. Government

It’s relatively common practice for the United States law and order machinery to seize illegally obtained properties from criminals. Traditionally, the seized properties are often in the form of black money, luxury cars, real-estate investments, and so on. Opacity in an Ocean of Transparency However, a new trend has emerged over the past few years wherein authorities are increasingly confiscating…

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South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

Category: Altcoins, Bitcoin, Finance, News, Regulation

South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

While the global markets for cryptocurrencies exploded in 2017, South Korea was one of the countries that saw a massive spike in trading volume as crypto-mania took over. There were often high premiums being paid by traders on South Korean exchanges as the high levels of demand were placing demands on the liquidity of even the major cryptos. The surge…

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United States Government Not Even Close to Cryptocurrency Regulations

Category: Bitcoin, Finance, News, Regulation, Tech

United States Government Not Even Close to Cryptocurrency Regulations

The cybersecurity coordinator for the White House has come out and said on February 15 that the United States government are nowhere near the point of regulating cryptocurrencies in the country. Associated Risks and Benefits of Regulations Since the explosion in popularity of digital currencies over the past year or so, many governments and regulators across the world have been…

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The Bank of England Considers its Own Take on Bitcoin for 2018

Category: Finance, News, Tech

The Bank of England Considers its Own Take on Bitcoin for 2018

According to the Telegraph, the Bank of England might be launching its very own cryptocurrency as early as 2018, linked to the Pound sterling. The bank created a research unit in February 2015, which has been collecting data ever since. As confirmed by a spokesperson of the Bank of England (BoE), the team is likely to reveal its findings on…

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Three BlockChain Startups Push for Digital Australian Dollar

Category: Blockchain, Business, News

Three BlockChain Startups Push for Digital Australian Dollar

A handful of Australian startups have pushed along use-cases to the government’s FinTech Advisory Group in order to promote a digital Australian Dollar. Crypto-Culture A need for a government-backed digital currency is becoming more and more prevalent in Australia. The combination of a thriving economy, an innovative startup culture, and the growing interest in blockchain technologies places the country in…

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Dubai Government Launches First Official State Cryptocurrency

Category: Blockchain, Finance, News

Dubai Government Launches First Official State Cryptocurrency

The Dubai Government has recently announced plans to launch the first-ever government-backed cryptocurrency, according to an statement released by Dubai state news agency WAM. The state-sponsored digital token, called emCash, will be available to pay for both governmental and non-governmental services. The launch of the state-sponsored cryptocurrency is a historic first, with the Dubai government stepping in ahead of other…

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UBS to Launch “Utility Settlement Coin” in Collaboration with 10 Financial Institutions

Category: Blockchain, Finance, News, Tech

UBS to Launch “Utility Settlement Coin” in Collaboration with 10 Financial Institutions

While banks have been largely opposed to the digital currency bitcoin due to its decentralized peer-to-peer nature that threatens banks’ business models, they are not shying away from using bitcoin’s underlying technology, the blockchain, to develop their payment systems. An example of this would be UBS’ new digital currency, the “utility settlement coin” which is set to launch next year…

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The IRS Hopes to Combat Bitcoin Tax Evasion with Tracking Software

Category: Bitcoin, Finance, News, Regulation

The IRS Hopes to Combat Bitcoin Tax Evasion with Tracking Software

Bitcoin’s anonymity or rather, the lack thereof, has become a major talking point in the Bitcoin community and a focus of investigation for law enforcement agencies as well as, as it turns out, the taxman. According to a report by The Daily Beast, the US Internal Revenue Service (IRS) has contracted the blockchain start-up Chainalysis Inc. to use their bitcoin…

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Blockchain Startup Colu Launches Digitized Local Pound for East London

Category: Bitcoin, Business, News, Tech

Blockchain Startup Colu Launches Digitized Local Pound for East London

Tel Aviv-based blockchain company Colu announced the launch of its second local digital currency in the United Kingdom, named the “Local Pound, East London” (ELP) a digital currency pegged against the British Pound. Colu believes that the key to supporting local businesses and creating an environment where sustainable and equitable economic growth is possible starts with people’s ability to exchange…

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