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Founder of Crypto Exchange OKEx Allegedly Detained on Crypto Fraud Charges in China

Star Xu, the founder of exchange services provider OKCoin and the world’s second-largest crypto exchange OKEx, has allegedly been detained in China in relation to suspected digital currency fraud, local news outlet Sina News reports September 11. According to the news outlet, Xu is currently being held in the Shanghai Weifang Xincun police station, and will be released within 24 ...

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Nasdaq Exploring Adding Crypto Data Sets to its Analytics Tool, Sources Say

New York-headquartered stock market giant Nasdaq is exploring adding crypto datasets to its market analytics tool, a Nasdaq source told Cointelegraph September 11. Speaking to Cointelegraph, Nasdaq’s Head of Alternative Data Bill Dague said that “given [an] abundance of interest, we are exploring cryptocurrency related datasets. Whether or not we launch a crypto-related product remains to be seen.” Crypto datasets ...

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Crypto Price Gap Between Local, Foreign Exchanges Could Widen Again

South Korea’s central bank, the Bank of Korea (BoK), has cautioned of another possible widening of the gap in crypto prices between local and foreign exchanges, local news agency No Cut News reported September 11. In the report, the bank warned the public about another possible emergence of the so-called “kimchi premium,” a phenomenon consisting of the difference between the ...

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WeChat Blocks Bitmain Sales Account as Well as Further Crypto ‘Hype News’ Channels

WeChat, the 1 billion-user Chinese social media platform developed by Tencent, has blocked the official sales channel of Bitcoin (BTC) mining giant Bitmain, according to an announcement posted to its channel yesterday, September 10. As of press time, Bitmain’s other Wechat accounts, including after-sales services and its official account, remain active. The official sales channel, which operates under the WeChat ...

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Cryptic Labs Adds Nobel Prize Laureate Economists to Board to Boost Blockchain Education

Blockchain-focused research lab Cryptic Labs has appointed two Nobel Prize economics laureates to its board in order to expand its blockchain expertise, the company announced in a press release Monday, September 10. Cryptic Labs, which says its mission is “solving fundamental security problems to advance the growth of blockchain technology,” appointed Dr. Eric S. Maskin and Sir Christopher Pissarides to ...

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Equal Beneficiaries In The Fight To Hit The Mainstream

Cryptocurrency caught mainstream attention when the industry’s total market cap hit $600 billion at the end of last year. The highly anticipated cannabis industry in the U.S. is similarly being pushed into the spotlight by a “green rush” of investors flooding Wall Street who expect the industry to be worth $75 billion by 2030. Aside from attracting high volumes of ...

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Startup Promising Instant Crypto Transactions to Develop Network for Chinese TV

Silicon Valley-based startup Splend, specialized in developing solutions to address blockchain scaling issues for instant crypto transactions, announced that it is partnering with Shanghai Code Center Industry, a China-based IT company, to develop the “next generation” network infrastructure for the China Cable Television Network. It is a subsidiary of China Central Television (CCTV), the largest media company in the country, ...

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How the Fast-Growing Stock Trading App Got Into Crypto

As been reported by TechCrunch Sept. 6, stock and cryptocurrency trading platform Robinhood is planning to launch an initial public offering. Now the company is looking for a chief financial officer (CFO). Robinhood CEO Baiju Bhatt added that the startup is undergoing a spate of audits from the U.S. Security and Exchange Commission (SEC) and the Financial Industry Regulatory Authority ...

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Ripple Labs and R3 Consortium Reach Settlement in XRP Token Litigation

Ripple Labs Inc. has announced it has reached a settlement “of all outstanding litigation” between R3 HoldCo LLC, R3 LLC, and XRP II, LLC, according to a press release published September 10. Per the statement, the details of the settlement will remain confidential while “both sides look forward to putting these disputes behind them.” The litigation between Ripple Labs and ...

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Canadian Bitcoin Fund Receives Status as Mutual Fund Trust

Canada’s “first” and “only” regulated Bitcoin (BTC) fund First Block Capital Inc. has obtained mutual fund trust status, allowing investors to put their fund units in self-directed registered accounts, according to a press release published September 10. First Block Capital Inc. (First Block) announced that investors in its flagship product the FBC Bitcoin Trust — available for accredited investors only ...

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