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Monthly Archives: June 2018

Fmr. Indian Politician Declared ‘Offender’ in $1.3 Million Bitcoin Extortion Case

Open Positions at CCN: Full Time and Part Time Journalists Wanted. An absconding former Indian politician and lawmaker has been declared an ‘offender’ by an Indian court after his involvement in a criminal kidnapping case complete with extortion in bitcoin. According to a report by the Indian Express on Monday, a local sessions court in Ahmedabad, a city in western ...

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Cryptocurrency Reddit Takeover Attempts Highlight Importance of Well-Maintained Forums

The moderator of a cryptocurrency Reddit claims a takeover attempt of his subreddit, emphasizing the need to maintain good online forums. Going by the handle CobraTheymos, a reference to two well-known moderators of Bitcoin forums, the moderator presides over a minor cryptocurrency subreddit, /r/BitcoinForks, dedicated to the various forks of Bitcoin in existence. In a post on /r/BTC, CobraTheymos claimed ...

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Financial Watchdog to Issue Business Improvement Notices to 5 Crypto Exchanges

Japan’s Financial Services Agency (FSA) will be issuing business improvement notices to five registered cryptocurrency exchanges by the end of this week, Cointelegraph Japan reports Tuesday, June 19. According to the FSA inspections, crypto exchanges BitFlyer, Quoine, Bitbank, BITPoint Japan, and BtcBox do not have the proper internal management systems, including their measures to prevent money laundering. BitFlyer, Quoine and ...

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Worlds Smallest States are Attracting Blockchains Biggest Players

Blockchain technology, which is the backbone to everything crypto and the key to decentralization, has the potential to be implemented in almost every existing industry to enhance security, information sharing, and transparency. Innovators in the tech sector predict its effects will be as far reaching as the development of the internet itself, yet the countries that would seem the obvious choices ...

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New Malta Bankers Association Chairman Praises Blockchain, Says Crypto ‘Here to Stay’

Marcel Cassar, the newly appointed chairperson of the Malta Bankers Association, said that blockchain tech sounds like a “banker’s dream.” Cassar also claimed that cryptocurrencies are “here to stay,” according to a June 17 interview with local news outlet The Malta Independent. Cassar begins the interview by noting that the banking industry has to keep up with the fast-changing digital ...

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‘Flaws’ in Japan’s Biggest Crypto Exchanges Face Regulator’s Warnings

Open Positions at CCN: Full Time and Part Time Journalists Wanted. A handful of major Japanese exchanges including bitFlyer, Japan’s biggest and best-funded crypto trading platform, are facing business improvement orders from the country’s financial regulator and watchdog. A failure to comply with anti-money laundering (AML) guidelines will see at least five cryptocurrency exchange operators receive ‘business improvement orders’ from ...

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Why Central Banks Are Really Fearful of Bitcoin

Central banks have no love lost for Bitcoin and cryptocurrencies. Even though some positive things are happening, the overall sentiment remains predictably rather negative. The validity of cryptocurrencies and their decentralized technologies are still in question, especially by banks. It isn’t the first time central banks feel the need for Bitcoin to have a central body giving the currency any ...

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Decentralized Asset Management Network RigoBlock Announces New Partnership with TokenMarket

Lugano, Switzerland – June 19, 2018 – RigoBlock, the decentralized asset management protocol that allows users to create and run a fund on the Ethereum blockchain, has announced its partnership with leading ICO advisory firm TokenMarket. The recently announced relationship comes as part of RigoBlock’s aim to roll out its blockchain infrastructure programme later this year. The Rigo token, which ...

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Blockchain Network Takes on ‘Flawed’ Steemit by Offering Lifetime Earnings to Creators

A blockchain-based company is launching a content rewards platform that compensates creators – and says its platform boasts compelling advantages over “exploitative” mainstream rivals, all the while addressing flaws in other crypto-driven sites which offer a similar concept. UUNIO wants its service to threaten the likes of YouTube, where it claims some content creators are barely given $500 even if ...

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