5 Ways Bitcoin Will Continue to Evolve

Posted on April 17, 2018

Bitcoin is predicted to break more ground this year due to the sheer number of people that are getting behind the cryptocurrency. The global support for the digital fund’s blockchain technology, as well as the high demand for mining Bitcoin, will lead to more investors wanting to get exposure to the cryptocurrency in one form […]

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Cryptocurrency Mining Group Seeks To Reopen Closed Power Plant

Posted on April 13, 2018

Earlier this week, the Australian blockchain startup IoT Group signed an agreement to reopen a coal-fired power plant in the Hunter Valley region of New South Wales. Local media outlet The Age reports that the IoT Group aims to use the plant as a “behind the grid” power source, securing inexpensive electricity for a new […]

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Halong Mining Confirms Samsung Partnership On DragonMint T1 Miner

Posted on April 11, 2018

Even though it has only been on the market for a matter of weeks, Halong Mining’s DragonMint T1 is quickly establishing itself as a viable rival to Bitmain’s near-ubiquitous Antminer S9 bitcoin miner. Both miners offer a similar level of performance and efficiency — the T1 having a slight edge over the S9 on most […]

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Overstock’s Security Token Exchange Slated For Launch Next Month

Posted on April 10, 2018

After more than three years of development, blockchain-powered tokenized security exchange tZERO appears to be on the verge of a full public debut. The Overstock.com-backed project released series of videos yesterday, demonstrating how tokenized versions of stocks and other securities can be bought, sold, and traded on the platform. While some cryptocurrency exchanges currently allow […]

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Proposed SEC Rule Change May Unfreeze Bitcoin ETFs

Posted on April 6, 2018

The U.S. Securities and Exchange Commission (SEC) is reconsidering its position on cryptocurrency-backed securities, potentially clearing the path for several bitcoin-tracking exchange-traded funds (ETFs). The SEC has consistently denied approval to cryptocurrency ETFs, citing “significant investor protection issues” as the primary concern. Late last month, however, the SEC quietly approved a request from the New […]

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ASRock Unveils 4 New GPUs For Cryptocurrency Mining

Posted on April 4, 2018

After months of rumor and speculation, Taiwan-based motherboard maker ASRock has confirmed plans to release four new GPUs designed for cryptocurrency mining. CoinDesk revealed the news earlier today, citing conversations with an unnamed ASRock America employee. All four of the new GPUs are modified versions of AMD’s “Phantom Gaming X” Radeon RX 570 series cards, […]

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Report: Is Bitfinex Moving Headquarters To Switzerland?

Posted on April 2, 2018

According to a story published late last week by Swiss newspaper Handelszeitung, major cryptocurrency exchange Bitfinex is in the process of relocating to Switzerland. Bitfinex CEO Jean Louis van der Velde confirmed that the exchange is in the process of merging “operations previously spread over several locations,” adding that his company has held high-level discussions […]

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Patent Office Publishes Intel’s Application For A “Bitcoin Mining Hardware Accelerator”

Posted on March 30, 2018

The U.S. Patent & Trademark Office published Intel’s patent application for a new method of mining bitcoin that could dramatically reduce energy use. The patent was originally filed in late 2016 by three Intel employees, but was only cleared for publication yesterday. The application is highly technical in nature, but essentially describes a process that […]

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South Korean Millennials “Eager” To Own Cryptocurrencies

Posted on March 28, 2018

According to a new survey released yesterday by the Bank of Korea (BOK), Koreans in their 20s and 30s are increasingly interested in owning bitcoin and other cryptocurrencies. The BOK survey collected answers from 2,511 respondents, with some 21.6 percent claiming to be familiar with the concept of digital currency. The poll showed that 29.4 […]

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Bitmain Blamed For Falling AMD And Nvidia Stock Price Projections

Posted on March 26, 2018

At least one major tech-sector analyst is predicting a serious decline in sales for graphics card manufacturers in the second half of 2018, and they’re pointing the blame squarely at Bitmain. In a report to clients released today, Susquehanna analyst Christopher Rolland explained that recent demand for both AMD and Nvidia GPUs has been largely […]

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Fearing Regulatory Crackdown, Binance Moves To Malta

Posted on March 23, 2018

Earlier today, Hong Kong-based cryptocurrency exchange Binance announced that it will be opening a new office in the Mediterranean island nation of Malta. The company will also be shuttering its office in Japan after receiving a warning letter from Japan’s Financial Services Agency for operating an exchange in the country without proper registration. Binance CEO […]

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Cryptocurrency Mining Firm To Invest $77 Million In Canadian Facility

Posted on March 21, 2018

Location is everything when it comes to cryptocurrency mining. If a city or town has naturally cool weather and ready access to inexpensive electricity, it’s only a matter of time before bitcoin miners start setting up shop there. In the case of the Canadian city of Medicine Hat, Alberta, the area’s innate appeal to cryptocurrency […]

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Bank of England Governor To G20: No Need For Cryptocurrency Regulation

Posted on March 19, 2018

In his official report to the G20 summit of Finance Ministers and Central Bank Governors, Financial Stability Board (FSB) Chair Mark Carney told regulators that there was no need for global regulation of “crypto-assets.” Carney, who also serves as the Governor of the Bank of England, said that the rapid growth of crypto-assets prompted the […]

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Plattsburgh, NY, Imposes 18-Month Moratorium On Bitcoin Mining

Posted on March 16, 2018

Yesterday, the Plattsburgh, New York, city council adopted a measure that would prevent new cryptocurrency miners from taking advantage of the city’s low electricity rates for industrial businesses. As reported by Motherboard, the council unanimously approved the 18-month moratorium, following complaints about rapidly rising electricty prices from the city’s residents. Existing bitcoin mining operations in […]

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Coinbase Obtains E-Money License In U.K.

Posted on March 14, 2018

In a blog post published earlier today, San Francisco-based cryptocurrency exchange and brokerage firm Coinbase announced that it has been granted an e-money license by the U.K.’s Financial Conduct Authority (FCA). The license will allow Coinbase to provide payment services (as well as some bank-like services, such as fiat account balances) in both Britain and […]

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Cloud-Based Cryptocurrency Mining Firm Ordered To Cease Operations In South Carolina

Posted on March 12, 2018

Late last week, the Securities Commission division of the South Carolina Attorney General’s Office filed a cease-and-desist order against cloud-based cryptocurrency mining firm Genesis Mining and brokerage firm Swiss Gold Global Inc. As reported by CoinDesk, the Securities Commission claims that Genesis Mining illegally sold securities — cryptocurrency mining contracts — to South Carolina residents […]

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Is Bitmain Opening A U.S. Facility?

Posted on March 9, 2018

Bitcoin hardware manufacturer Bitmain may be in the process of opening a new facility in the U.S., according to a new report published on CoinDesk. The privately held Chinese firm appears to be tied to newly established company called Ant Creek, LLC, which is currently negotiating a land-use deal with officials in Walla Walla, Washington. […]

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3 Reasons Behind Today’s Cryptocurrency Prices Crash

Posted on March 7, 2018

Earlier today, prices for nearly every cryptocurrency began to rapidly drop. Major cryptos like BTC, ETH, and LTC have fallen by nearly 9%, while lesser-known tokens like IOTA, NEM, and TRON have seen losses in the 15% range. While this kind of volatility is nothing new in cryptocurrency circles — three drops of similar scale […]

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Iceland’s “Big Bitcoin Heist”: $2 Million In Mining Equipment Still Missing

Posted on March 5, 2018

Last week, police in Iceland arrested 11 people in connection with the theft of some 600 bitcoin mining units over four separate incidents in December and January. With an estimated value of around $2 million, the thefts have been dubbed the “Big Bitcoin Heist” by local media. The mining hardware has yet to be recovered.

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AMD Cites GPU Mining As Major Revenue Driver In 2017

Posted on March 2, 2018

In the company’s most recent 10-K filing to U.S. Securities and Exchange Commission (SEC), chipmaker AMD officially recognized the impact of cryptocurrency mining on their company’s bottom line. GPU-based mining has been a cornerstone of cryptocurrency economy from its earliest days, but chip manufacturers and designers have typically been reluctant to recognize mining as a […]

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Rakuten Announces New Cryptocurrency, And Starbucks May Not Be Far Behind

Posted on February 28, 2018

Is the global cryptocurrency market ready for a token from a major e-commerce company? Speaking at the Mobile World Congress in Barcelona, Rakuten CEO Hiroshi “Mickey” Mikitani announced that his company plans to launch a new blockchain-powered payment system called Rakuten Coin. While the company isn’t well-known in the U.S., Rakuten is easily one of […]

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Circle Acquires Crypto Exchange Poloniex For $400 Million

Posted on February 27, 2018

Peer-to-peer payments startup Circle announced yesterday that it has acquired Boston-based cryptocurrency exchange Poloniex. According to multiple reports, Circle is paying around $400 million for the exchange, which has been in operation since 2014. The sale also brings Goldman Sachs one step closer to becoming a major player in the cryptocurrency world, as the financial […]

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Rural Oregon Poised To Become Cryptocurrency Mining Hub

Posted on February 22, 2018

With electricity costs averaging between 3-to-4 cents per kilowatt-hour — roughly half the average cost in the U.S. — the northern Oregon town of The Dalles is primed to become a regional hotspot for cryptocurrency mining. As reported this week by regional newspaper Willamette Week, the city’s access to inexpensive energy has already attracted one […]

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Venezuela’s Petro ICO Reportedly Raises $735 million

Posted on February 21, 2018

According to a tweet from Venezuelan President Nicolas Maduro, the country’s oil-backed Petro cryptocurrency has raised $735 million on its first day. Sales of the highly controversial token began on Tuesday with deeply discounted sales (as much as 60%) to select investors. A larger-scale public sale slated for next month. If true, the launch would […]

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California And Wyoming Consider New Blockchain And Crypto Token Laws

Posted on February 20, 2018

As blockchain technology becomes increasingly commonplace, lawmakers at the state level are increasingly examining how their governments should regulate distributed ledger and token-based business activity. Two recently proposed state laws — one in California, and the other in Wyoming — would provide much-needed legal clarity and protections for blockchain-based operations in the U.S., perhaps even […]

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Industries The Blockchain Will Disrupt

Posted on February 19, 2018

  The blockchain is an undeniably ingenious invention – the brainchild of a person known by the pseudonym, Satoshi Nakamoto, one of the most promising new technologies for the future. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently […]

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Cheap Electricity Drives “Hundreds” Of Crypto Miners To Quebec

Posted on February 16, 2018

It’s no secret that cryptocurrency mining operations live or die by the costs of electricity. Mining hardware is notoriously expensive to operate profitably, and those costs are expected to skyrocket as new mining facilities open all over the globe. With ready access to abundant — and cheap — hydroelectric power, the Canadian province of Quebec […]

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Ripple Reveals Pilot Programs With Western Union And Saudi Central Bank

Posted on February 14, 2018

For Ripple’s true believers, today is a very good day. Two major financial players — Western Union and the Saudi Arabian Monetary Authority (SAMA) — recently revealed pilot programs using the Ripple’s xCurrent settlement system. Although Ripple already has similar programs with dozens of other banks and money transfer companies, SAMA and Western Union are […]

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Iceland’s Pirate Party Proposes Cryptocurrency Mining Tax

Posted on February 12, 2018

Over the past several years, the nation of Iceland has become a hotbed of activity for cryptocurrency mining. With a naturally cold climate (averaging just under 60°F in summer) and ready access to cheap geothermal electricity, the island nation is often seen as an ideal location for large bitcoin mining facilities. As in most countries, […]

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Global Crypto News Roundup: Updates from the U.S., Hong Kong, Korea, and Japan

Posted on February 9, 2018

U.S.A.: This week, the U.S. Marshals Service confirmed the sale of more than 3,600 bitcoin — roughly $31 million at current prices — to five winning bids in a recent auction. This is the first auction of seized bitcoin since 2016, when the agency sold the remaining 2,700 bitcoins of the 144,000 BTC seized from […]

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Will OPEC Adopt Venezuela’s Petro Token?

Posted on February 7, 2018

With the launch of Venezuela’s state-sponsored Petro token less than two weeks away, it’s hardly surprising that Venezuelan President Nicolas Maduro is looking to get other major financial players to support it. According to a new report from Al Jazeera, Maduro plans to court members and non-member states of the Organization of the Petroleum Exporting […]

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Major Banks Ban Bitcoin Purchases Through Credit Cards

Posted on February 5, 2018

Late last week, Bank of America and JPMorgan Chase announced that they would no longer allow customers to purchase bitcoin (and other cryptocurrencies) through their credit cards. The banks cited the collapsing price of bitcoin, and the growing credit risk associated with such purchases, in their decision. Over the weekend, Citigroup, Capital One and Discover […]

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Update Roundup: Samsung’s Mining ASICs, KodakCoin Launch, and Venezuela’s Petro Token

Posted on February 2, 2018

Earlier this week, we reported on rumors that Samsung appeared to be entering into the cryptocurrency mining market, creating a new line of dedicated ASICs. While unnamed sources within Samsung confirmed the move to South Korean news agency The Bell, many details were still unclear.

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Blockchain is Ready for Its Next Big Test – Retail

Posted on February 1, 2018

Awareness of blockchain is at an all-time high, thanks almost exclusively to the increasing price of cryptocurrencies, which are themselves a byproduct of the young technology but also harmful to its good name. Speculative assets like bitcoin and Ethereum have stolen the thunder of the architecture supporting them, yet even so, innovators in several industries […]

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Is Samsung Entering The Crypto Mining Industry?

Posted on January 31, 2018

According to a report published in South Korean business publication The Bell, electronics giant Samsung has partnered with a Taiwan-based hardware manufacturer TSMC to produce a new line of ASICs for the cryptocurrency mining market. The report states that prototyping and development began last year, with mass production of the chips starting earlier this month.

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Philippines Announces ICO Regulatory Framework

Posted on January 29, 2018

Representatives of the Philippines’ Securities and Exchange Commission confirmed yesterday that the agency was moving swiftly towards the completion of a new regulatory framework for cryptocurrency trading and ICOs. The new rules are expected to finalized later this year, and may well be enacted before the end of 2018. The move comes in response to […]

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Coincheck Hacked For $535 Million In NEM Tokens

Posted on January 26, 2018

In a stunning announcement made earlier today, Tokyo-based cryptocurrency exchange Coincheck revealed that the company was the victim of the largest cryptocurrency heist in history. According to a report published by Japanese newspaper Asahi Shimbun (and translated by Coindesk), the hackers made off with over 500 million NEM (XEM) tokens, worth roughly $535 million (58 […]

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Venezuela’s Proposed “Petro” Cryptocurrency Under Fire By U.S. Senators

Posted on January 24, 2018

Last week, while most people in D.C. were focused on the looming government shutdown, Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) published an open letter to U.S. Treasury Secretary Steven Mnuchin expressing serious concern about Venezuela’s plans to launch a state-backed cryptocurrency. The proposed token, known as the “Petro,” was announced by Venezuelan President […]

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LiveEdu ICO Raises $7M in Less Than a Week for Development of Future Technologies Ecosystem

Posted on January 23, 2018

The LiveEdu ICO has gotten off to a great start with over $7M raised so far. The public sale opened on Jan. 15th, 5pm UTC with a 20% bonus on the first day. Bonus dropped to 17% on the second day and then drops by 1% every two days until it reaches 5%. The official […]

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Tax Notices Sent To Crypto Traders By Indian Government

Posted on January 22, 2018

Late last week, the Indian government began sending tax notification documents to tens of thousands of cryptocurrency traders and investors in the country. According to Reuters, these notices follow a recent government survey that found over $3.5 billion in cryptocurrency transactions within the country over the last 17 months. By some estimates, India’s population of […]

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New Crypto Mining Center Receives $500K Grant From Virginia Beach Government

Posted on January 19, 2018

Earlier this week, Virginia-based cryptocurrency mining company BCause LLC was awarded a $500,000 grant by Virginia Beach as part of a deal to keep the company’s operations and headquarters in the city. The company, founded in 2013, is currently in the process of moving into an 84,000 square feet facility, with an estimated $64.8 million […]

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Israel Considers VAT For ICOs

Posted on January 17, 2018

Earlier today, the Israel Tax Authority (ITA) released a draft version of their plans to tax proceeds generated by initial coin offerings (ICOs). Under the plan, the ITA would impose a value-added tax (VAT) on profits generated from ICOs, although the tokens themselves would not be taxed. The plan also creates two distinct categories for […]

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Dallas Mavericks To Accept BTC, ETH Payments “Next Season”

Posted on January 16, 2018

Entrepreneur and investor Mark Cuban confirmed this morning that the Dallas Mavericks, an NBA team owned by Cuban, will be accepting cryptocurrency payments “Next season.” The news came as a seemingly off-the-cuff reply to a question posed by one of Cuban’s Twitter followers. Cuban, who is no stranger to cryptocurrency technology, later confirmed the news […]

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Ripple Announces Partnership With MoneyGram

Posted on January 12, 2018

Yesterday, Dallas-based money transfer company MoneyGram announced a new partnership with San Francisco-based cryptocurrency company Ripple (formerly Ripple Labs). The partnership will allow MoneyGram to test a new, cryptocurrency-based approach to processing international transfers, and is aimed at reducing the high costs for moving money across borders. Given the steady rise of the global remittance […]

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Kodak Announces New ICO And Crypto Mining Facility

Posted on January 10, 2018

In a surprising turn of events, long-struggling photography brand Eastman Kodak has announced plans to move into the cryptocurrency space with a pair of new initiatives. Yesterday, Kodak revealed that it will be launching a new, blockchain-powered platform, called KODAKOne, which is intended to “empower photographers and agencies to take greater control in image rights […]

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e-Chat Is Ready For Its Additional Round of ICO with All Guns Blazing

Posted on January 9, 2018

e-Chat is a promising startup that has already run a number of ICOs and managed to get love and appreciation from millions of user, followers, and investors from all over the world. The additional round of ICO starts on January 8 and lasts until February 15, 2018! This is the first ICO run by the […]

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Why That Great eBay Deal On A Hardware Wallet Might Actually Be A Scam

Posted on January 8, 2018

Hardware wallets are one of the greatest deals in the cryptocurrency world, providing substantial security for a reasonable price. At least, that’s how it’s supposed to work. But a new eBay scam is turning those dreams of safe, secure crypto coins into a nightmare for some unwary users.

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Asian giants new regulations for the cryptocurrency market

Posted on January 8, 2018

Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges. South Korea’s primary financial regulator is in discussions with counterparts in China and Japan toward the regulation of cryptocurrencies like bitcoin. South Korea is the world’s third largest market in bitcoin trading, after Japan and the U.S., and the largest […]

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Universal Crypto-Fiat Hybrid Bank to Use Open API

Posted on January 8, 2018

London, UK – Forty Seven Bank will use an Open API that allows businesses and partners to develop and integrate third party applications and services within Forty Seven’s banking infrastructure.   This modular API architecture will enable Forty Seven to engage third-party developers, and in the process, ensure Forty Seven can evolve, develop and adopt […]

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Facebook CEO Teases Cryptocurrency Integration

Posted on January 4, 2018

Earlier today, Facebook founder and CEO Mark Zuckerberg published a post that seems to suggest the company is seriously considering the integration of cryptocurrencies. While the bulk of the post focuses on Zuckerberg’s 2018 challenge to himself to use his influence to help “fix” the current “anxious and divided” state of American culture, particularly in […]

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Will 2018 Be The Year Of The State-Sponsored Cryptocurrency?

Posted on January 3, 2018

This time last year, the idea of any national government considering the possibility of creating its own cryptocurrency would have been laughable. Times have definitely changed. This week, both Russia and the UK made it clear that they’re at least giving the concept of a state-backed cryptocurrency serious thought.

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Is Segwit2x The Next Bitcoin Cash, Or Just Another Failed Alt-Coin In The Making?

Posted on January 1, 2018

There’s no getting around the fact that Bitcoin Cash (BCH) — the controversial bitcoin hard fork promoted by equally controversial personalities Roger Ver and Jihan Wu — made a name for itself in 2017. Leaving aside the technical discussion around Bitcoin Cash, and its long-term viability as a rival to Bitcoin Core, the BCH fork […]

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IQeon Gaming Ecosystem Accepts the Challenge of Intellectual Games Growing Popularity

Posted on December 29, 2017

Intellectual games are actively presented on the world arena of desktop and mobile platforms. There are many game developers who caught the people’s crave to keeping their grey cells supplied with daily workouts. At present, the global market of mobile intelligent games is up to 4.9 billion USD, and their audience is constantly increasing, which […]

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Investors File Class Action Lawsuit Against ATB Coin

Posted on December 29, 2017

Last week, attorneys representing ATB Coin investors filed a class-action suit in the Southern District of New York, seeking damages from ATB Coin founders Edward Ng and Herbert W. Hoover. The plaintiffs claim that ATB Coin intentionally misled investors about the technological capabilities of the ATB Coin project, the potential for investment losses, and the […]

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Is Israel Planning A State-Backed Cryptocurrency?

Posted on December 27, 2017

According to a report published by Reuters, Israel’s central bank is giving serious consideration to a plan that would create a new, state-backed cryptocurrency for the country. The report includes few specifics about the proposed digital currency, and cites only a single, anonymous source within the Bank of Israel. Should the Bank of Israel approve […]

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