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Ethereum Devs Publish Upgrade Proposal To Move Network Away From Mining-Related Issues

Developers of Ethereum (ETH), the largest altcoin by market capitalization, have published Ethereum Improvement Proposal (EIP) #1011 on Friday, April 20, to create a hybrid system of consensus that seeks to push the network away from issues associated with crypto mining. The proposal consists of specifications for implementing the Hybrid Casper the Friendly Finality Gadget (FFG) network update, which will ...

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How British Financial Regulator Creates A Foundation For UK Cryptocurrency Adoption

Traditional financial institutions and big banks in the UK haven’t been overly supportive of cryptocurrencies over the years, but change could be on the horizon. 2018 has seen a big move for positive regulatory action towards cryptocurrencies around the world and England’s Financial Conduct Authority (FCA) has embraced this change as well. In March the FCA announced that it had ...

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Circle Doubles Minimum Bitcoin Trade To $500K As CEO Says Volumes Will Rise

The over-the-counter (OTC) trading platform of Goldman Sachs-backed financial services startup Circle doubled its minimum Bitcoin trade amount to $500,000 amid what it calls a “robust market”, Business Insider reports Monday, April 23. In comments to Business Insider, Circle CEO Jeremy Allaire said the move preempts a U-turn in crypto trading markets, which saw volumes decline in Q1 this year ...

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$2 Mln Bitcoin Mining Theft Suspect Vows To Return Home After Fleeing To Sweden

The Icelandic man who allegedly stole Bitcoin mining hardware worth $2 mln vowed to return home in a statement reported by local news media outlet Fréttablaðið April 20. As reported April 18, Sindri Þór Stefánsson had escaped from from Sogni prison and fled Iceland to Stockholm, Sweden. He reportedly used another man’s passport when he boarded a flight at Keflavik ...

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Shenzhen, China Backs $79 Million Fund To Support City’s Blockchain Startups

The launch of a 500 mln yuan (about $79 ml) Blockchain venture capital fund for Chinese city Shenzhen was announced at a Blockchain Expo held in the city, local news outlet Sohu reported yesterday, April 22. Yesterday’s announcement at the China Electronic Commerce Association-hosted Expo stated that the Shenzhen Angel Investment Guidance Fund, an almost $8 bln fund launched in ...

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Former US Gov’t Regulator Considers ETH, XRP Likely ‘Noncompliant Securities’

Former Goldman Sachs partner and government regulator Gary Gensler believes that altcoins Ethereum (ETH) and Ripple (XRP) should likely be considered unregistered securities, The New York Times reported Sunday, April 22. After working at Goldman Sachs, Gensler served as one of the top financial regulators in President Obama’s administration, as well as as the finance chief for Hillary Clinton’s 2016 ...

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Central Bank Of Iran Bans Banks From Crypto Dealings

The central bank of Iran has banned domestic banks and other financial institutions from dealing in cryptocurrencies, citing money-laundering concerns first raised in a circular from December 2017, Reuters reported Sunday, April 22. Reuters cites Iran’s state-run news agency IRNA as saying Sunday: “Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or ...

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Blockchain Platform Signs Deals To Boost Profitability Of Social Media Influencers

A Blockchain-based platform which aims to boost the earnings of social media influencers by eliminating their reliance on middlemen has forged several new partnerships ahead of its launch. “Influencers” are defined as contributors who have large followings – sometimes extending into the millions – on social networks such as Instagram, YouTube, Twitter and Facebook. Patron hopes to become a “sharing ...

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