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Monthly Archives: April 2018

SEC Charges Third ‘Mastermind’ In Centra Tech ICO Fraud

The U.S. Securities and Exchange Commission (SEC) has announced charges against a third partner in an investigation of Centra Tech Inc.’s $32 million ICO which was promoted by legendary boxer Floyd Mayweather. The SEC earlier this month filed charges against the Centra Tech alleging that its ICO — which raised …

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Cryptocurrency Market Will Get ‘Much Bigger’: Former JPMorgan Banker

Daniel Masters, who previously led JPMorgan’s global energy trading desk, says cryptocurrencies are fueling a financial revolution. Masters is now chairman of digital investment bank Coinshares and chief investment officer at Global Advisors, and he explained in an interview with Bloomberg how distributed ledger technology is doing for the democratization …

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What’s Next for Cryptocurrency? Distribution of Power

On this third and final piece about different cryptocurrency purposes and the role education plays in regulation, I aim to discuss why the concentration of power among cryptocurrency holders will dictate how bitcoin gets adopted. My expectation is that whatever I write makes you think on how could power be …

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Genesis London Conference: Study Shows Ethereum is More Decentralized Than Bitcoin

At the Genesis London blockchain conference held in February by Binary District, Cornell professor, cryptocurrency expert, and computer scientist Emin Gün Sirer said in an interview that a study done by prestigious university Cornell has shown the Ethereum blockchain network is currently more decentralized than bitcoin. Ever since the debut …

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Russia’s Supreme Court Calls For Review Of Bitcoin Website Ban

The Supreme Court of Russia has ordered the St. Petersburg City Court to review an appeal against blocking bitcoininfo.ru, a cryptocurrency website, according to RAPSI, the court’s press service. In 2016, the Vyborgsky District Court of St. Petersburg granted a prosecutorial request to block the website, according to the court. The …

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‘Uncertain’ Crypto Mining Demand Sees Taiwan Chipmaking Giant Lower Revenue Estimates

Uncertainty in the cryptocurrency mining market has led to the world’s leading chipmaker, Taiwan Semiconductor, to lower its revenue forecast for the year. Adding insult to injury, weakness in demand for Apple’s iPhone, for which Taiwan Semi is the supplier, is also weighing on this year’s expected sales. Meanwhile, bitcoin mining was the …

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Indian Court Admits Crypto Exchange Petition, Issues Notice to Central Bank Against Banking Ban

Digital asset trading platform CoinRecoil’s writ has been admitted by the High Court of Delhi with the announcement of a hearing on May 24. Reserve Bank of India (RBI), The Union of India through Secretary, Ministry of Finance and GST Council have received a notice from the court as well. CoinRecoil is Kali …

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Coinsecure Prepares Customers’ Claims Process For Stolen Bitcoin

Indian cryptocurrency exchange Coinsecure has advised users on its website that it has been working with authorities since last week’s theft of 438 bitcoins and has asked for patience as it prepares the claims process. The company’s legal team is reviewing contracts and preparing the claims form for users to …

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