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BlockchaINVEST • January 7 - March 11, 2019

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Tag: news

Wall Street Continues to Experiment with Cryptocurrencies Despite Crypto Crash

Category: Altcoins, Bitcoin, Business, Finance, News

Wall Street Continues to Experiment with Cryptocurrencies Despite Crypto Crash

Players in the mainstream finance sector continue to experiment with cryptocurrencies and blockchain technology despite the recent Bitcoin crash. According to the Financial Time’s Article published on November 28, 2018, many companies such as large proprietary traders and institutional investors are still looking to ride the cryptocurrency movement, as they believe that the tokenization of physical and tangible assets are…

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Tether Trying to Bounce Back to its Feet, Reopens Account Verification and Fiat Withdrawals

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

Tether Trying to Bounce Back to its Feet, Reopens Account Verification and Fiat Withdrawals

Tether (USDT), the world’s first unstable stablecoin has announced the reopening of account verification and redemption of USDT to fiat straight from its platform, according to a press release by Tether Ltd., on November 27, 2018. Tether Staging a Comeback? Tether Ltd., the firm in charge of USDT, the world’s supposedly first stablecoin that stands at 1:1 with the U.S….

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NEO Mainnet Gets Much Awaited Updates, Votes in KPN as a Consensus Node

Category: Altcoins, Blockchain, Business, News

NEO Mainnet Gets Much Awaited Updates, Votes in KPN as a Consensus Node

The NEO “MainNet” has seen two significant updates in a single week, launching a new consensus node and update 2.9.0, the company announced in a Medium post published on October 22, 2018. NEO MainNet Upgraded to 2.9.0 (Source: Medium) The last few weeks of October have seen a slew of new developments at NEO, with the company launching two “extremely…

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Forbes Launches CryptoMarkets, a Cryptocurrency Price Aggregation Website

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

Forbes Launches CryptoMarkets, a Cryptocurrency Price Aggregation Website

In a press release dated October 22, 2018, Forbes announced that it would be licensing its brand to a new cryptocurrency website, titled Forbes CryptoMarkets.  Standing out from the Competition The platform has been developed in collaboration with private investment company NewCity Capital and blockchain startup trade.io. The portal is set to serve real-time pricing data for the top 200 cryptocurrencies,…

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Cryptocurrency Mining Provider GigaWatt Faces Millions of Dollars in Debt

Category: Bitcoin, Mining, News, Platform

Cryptocurrency Mining Provider GigaWatt Faces Millions of Dollars in Debt

GigaWatt, one of Central Washington’s largest companies in the cryptocurrency sector is, unfortunately, facing millions of dollars in debt as cryptocurrency prices fall. According to the Oregonian Times, Giga-Watt’s once upward trajectory is facing a sharp decline as the company explores every legitimate stream of revenue to remain in business. Giga-Watt Lays off 80 Percent of Staff and Suspends Construction…

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Australia Keen to Pass Bill to Undermine the Blockchain Community

Category: Blockchain, Business, News, Regulation

Australia Keen to Pass Bill to Undermine the Blockchain Community

The Australian government has proposed an “Assistance and Access” bill that will provide them with greater surveillance powers such as the ability to gain backdoor access to any encrypted messages. According to Forbes, if the surveillance bill becomes a law, it could be a new standard for other countries in the world, which could cause extreme problems and implications for…

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ShapeShift Refutes the Wall Street Journal’s Claims of Money Laundering

Category: Altcoins, Bitcoin, Commentary, Exchange, Finance, News

ShapeShift Refutes the Wall Street Journal’s Claims of Money Laundering

In a blog post published October 1, 2018, cryptocurrency exchange service ShapeShift refuted a recent Wall Street Journal report claiming that approximately $9 million illegally obtained funds went through the exchange. ShapeShift’s CEO Erik Voorhees has issued a cutting rebuke of WSJ’s claims. The CEO emphasized that the authors’ claims were factually incorrect. Money Laundering Claims Voorhees further wrote that…

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Japanese Exchange Zaif Falls Victim to Crypto Hack; Loses $60 Million

Category: Altcoins, Bitcoin, Crime, Exchange, News, Regulation

Japanese Exchange Zaif Falls Victim to Crypto Hack; Loses $60 Million

When it seems things couldn’t get worse during the cryptocurrency bearish market, the community woke up to a nasty shock on September 17, 2018. A Japanese exchange Zaif reported that it was the victim of a breach which led to a loss of cryptocurrencies worth $60 million. Compensation Deal Agreed for Customers In a statement that was partly an apology,…

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More Than Half of all Circulating Bitcoin Parked in Whale Wallets

Category: Bitcoin, Commentary, Exchange, Finance, Mining, News, wallet

More Than Half of all Circulating Bitcoin Parked in Whale Wallets

Over 55 percent of bitcoins currently sit in wallets that have never made an outgoing transaction and have balances upwards of 200 coins, Diar reported on September 17, 2018. Whale-Sized Wallets Dominate the Market Long-term investors are keeping the faith in the king of cryptocurrencies despite the bears market in 2018, a data-crunching report from Diar showed. According to the…

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“Crypto Mom” Reminds SEC to be Friendlier with the Crypto Industry

Category: Altcoins, Bitcoin, Commentary, Finance, Investment, News, Regulation

“Crypto Mom” Reminds SEC to be Friendlier with the Crypto Industry

SEC Commissioner Hester Peirce, also affectionately known in the crypto community as “Crypto Mom,” has once again stepped forward urging the government and regulatory bodies to embrace digital assets. Crypto’s Regulatory Love Story She argued that the ongoing technological revolution in the realm of financial services is rich in potential and aims at having a long-term positive impact. This optimism…

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