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SEC Intensifies Probe Into Biotech-Turned-Crypto Mining Firm Blockchain Riot

The U.S. Securities and Exchange Commission (SEC) has intensified its investigation into crypto mining firm Blockchain Riot, according to the firm’s latest 10-Q quarterly report filed August 14. Riot Blockchain is a former biotech firm that changed its name to contain the word “blockchain” last year, seeing valuations skyrocket from $8 a share to over $40 as a result, according ...

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Pantera Capital Seeks $175 Million for Third Crypto Venture Fund

Crypto hedge fund Pantera Capital is seeking to raise $175 million for its third venture fund, a six-fold increase from its previous fund target, TechCrunch reports August 16. For Pantera’s debut fund in 2013, the firm had raised $13 million, rising to $25 million for its second. TechCrunch quotes Pantera partner Paul Veradittakit as noting the new target is a ...

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Union of European Football Associations Implements Blockchain-Based Ticketing System

The Union of European Football Associations (UEFA) has successfully deployed a new ticketing system via mobile phones based on blockchain technology, according to an August 16 press release. After the “successful implementation” of the blockchain ticketing system for 50 percent of the tickets for the 2018 UEFA Europa League final in Lyon in May, the UEFA had decided to increase ...

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‘Soft’ Crypto ETF Alternative Now Geared Towards U.S. Investors, Says Bloomberg

A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors, Bloomberg reports Wednesday, August 15. As many in the U.S. clamor to see a Bitcoin exchange-traded fund (ETF) approved by regulators, this so-called “soft” alternative has been trading on the Swedish exchange since 2015, but is now being quoted in ...

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Project Uniting Creatives Via Reward-Based Payments Launches Alpha Version Platform

Qravity, a project that facilitates the production and distribution of digital entertainment, has launched a demo version of its platform, which enables decentralized creative teams to collaborate on content production and earn royalties for their work. Their white paper describes how Qravity will “provide a space for creative visionaries to collectively develop monetizable digital content” such as films, video games, ...

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Reasons Behind the Crypto Bear Market

Crypto is notoriously a “tough neighbourhood,” as even evergreen Bitcoin bull Tom Lee has put it. After a week in which double-digit losses wreaked havoc on many high-profile cryptos, and Bitcoin (BTC) momentarily fell through the $6,000 support, pitiless bearish sentiment has been circling, with some accusing the top coin of being “exhibit A” in a “permanently impaired or even ...

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Thai SEC Clears Seven Cryptocurrency Operators to Serve Clients, Reviews Two More

Thai regulators announced Thursday, August 16, that they have so far approved seven business entities to conduct cryptocurrency operations as part of the formalization of the country’s domestic market. In a statement, Thailand’s Securities and Exchange Commission (Thai SEC) confirmed Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Group Co. Ltd. (TDAX), and Coin Asset Co. Ltd. ...

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Bitcoin Holds Above $6,000 While Industry Figures Warn Over ETF ‘Benefits’

Bitcoin (BTC) prices are up around .05 percent on Thursday, August 16, bringing the leading cryptocurrency solidly back over $6,000 after a market fall that had seen BTC dip below that psychological price point on August 14. Market visualization from Coin360 Data from Cointelegraph’s price tracker shows overall 2.5 percent monthly gains for Bitcoin as of press time, despite the ...

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Coinbase Signed Up 50,000 Users per Day in 2017

Cryptocurrency exchange Coinbase CEO Brian Armstrong said in an August 14 interview with Bloomberg that it was signing up 50,000 users per day in 2017. Speaking at the Bloomberg Players Technology Summit in San Francisco on Tuesday, Armstrong said that the “technology [Bitcoin] is going through a series of bubbles and corrections, and each time it does that, it’s at ...

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Coinbase to Pursue Decentralized Form of Identification Following Acquisition

Cryptocurrency exchange and wallet service Coinbase has acquired San Francisco-based startup Distributed Systems Inc., which works on decentralized identity solutions, according to an August 15 announcement. In the blog post, B Byrne, project manager for Identity at Coinbase, said Distributed Systems will help the exchange work on new ways to validate and verify identity within its plans to develop an open ...

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