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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: news

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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Texas Man Sentenced to Jail after Being Found Guilty of $9 Million Crypto Fraud

Category: Altcoins, Business, Crime, Mining, News

Texas Man Sentenced to Jail after Being Found Guilty of $9 Million Crypto Fraud

A Texas man, formerly a citizen of Somer, has been sentenced to 21 months in prison for his involvement in a cryptocurrency Ponzi scheme worth $9 million. Homero Joshua Garza, the 33-year-old convict, will be put under three years of supervised release after his jail term ends. Garza will be spending the first six months of those three years in…

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Crypto Market Plunges $55 Billion, Number of Australians Holding Crypto Triples since January

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

Crypto Market Plunges $55 Billion, Number of Australians Holding Crypto Triples since January

The number of Australians holding cryptocurrency has nearly tripled since January 2018, despite the market suffering from heavy crashes and dipping almost $55 billion at the beginning of September, news.com.au reported on September 6, 2018. Australians Leaders in Crypto Adoption According to the recent report, Australia has seen a threefold increase in the number of its citizens who own cryptocurrency….

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Bitcoin, Ether, and XRP Weekly Market Update

Category: Altcoins, Bitcoin, Commentary, Ethereum, Finance, News, Price Analysis

Bitcoin, Ether, and XRP Weekly Market Update

Bitcoin closed the day with a red candle on August 29, 2018, just above the $7,000 mark. The biggest cryptocurrency could not recover and dropped to $6,800 during the intraday trading session on August 30, before going back up to the $7,000 zone. BTC-USD The news that Yahoo Finance would be integrating support for trading bitcoin (BTC), litecoin (LTC), and…

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Australia’s ASX Delays the Blockchain System Rollout by 6 Months

Category: Adoption, Blockchain, Business, Finance, News

Australia’s ASX Delays the Blockchain System Rollout by 6 Months

The Australian Securities Exchange (ASX) stated on Tuesday, September 4, 2018, that it will delay its transition to blockchain technology by six months to allocate more time towards user development and testing. ASX Extends Timeframe According to Reuters, the ASX announced in 2017 that it would replace its existing Clearing House Electronic Subregister System (CHESS), the current platform used for…

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Kenyan Financial Institutions Looking to Integrate Blockchain Technology

Category: Adoption, Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Kenyan Financial Institutions Looking to Integrate Blockchain Technology

Several banks have adopted distributed ledger technology (DLT) across the world due to its ability to help them minimize costs and maximize profit. According to a Bloomberg report on August 22, 2018, Kenyan banks are now seeking approval from the nation’s regulators to adopt the innovation, in a bid to turn around their dwindling fortunes. Kenya Joins the DLT Bandwagon…

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