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Posts published in “crypto”

Reserve Bank of Zimbabwe Issues Ban on Cryptocurrencies to ‘Protect the Public’

Zimbabwe’s central bank (RBZ) has banned the transacting in and trading of cryptocurrencies. The ban — which applies to all financial institutions —  was put forth by the RBZ registrar of banking institutions, Norman Mataruka, in a circular yesterday. The reason for the move was to protect the public and safeguard the integrity and safety...

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Russian Crypto Money Launderer the Target of Suspected Prison Murder Plot

A plot to murder a Russian national being detained in Greece whilst fighting extradition to the U.S. over money laundering charges has been uncovered. Greek law enforcement found evidence of inmates in the prison conspiring to poison Alexander Vinnik. Former Crypto Exchange Worker in Murder Plot We first reported on the case of Alexander Vinnik...

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Australians Look to Bitcoin As Government Bans A$10,000 Cash Payments

The government of Australia plans to set up a Black Economy Standing Taskforce that aims to reduce the weight of illegal economic activity in the country. To this end, the commission is introducing an economy-wide cash payment limit of A$10,000 to businesses. The public authorities’ intentions may be confronted with a rush towards cryptocurrencies as many...

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Cryptocurrency Market Loses $50 Billion as South Korean Exchange Is Suspected of Fraud

The cryptocurrency market turned upside down on Friday, having lost about $50 billion market capitalization overnight. With the exception of only Augur, Nuls, and Tether, the whole list of top 100 digital currencies are on the red. The dreadful sentiment seems to be a reaction to reports that South Korea’s exchange Upbit is suspected of fraud....

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Marshall Islands to Make Cryptocurrency Legal Tender in 2018, Optimistic Outlook

Marshall Islands, a small country of 53,000 people in the middle of the Pacific Ocean, may become the first sovereign state to make a cryptocurrency its legal tender, which means that its official digital currency must be accepted as a means of payment. Marshall Islands to Launch Legal Tender Cryptocurrency in Q3 2018 Whereas Bitcoin,...

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Cryptocurrencies Represented in Pop Culture: Marvel, Silicon Valley, and Billions

Cryptocurrencies are increasingly being represented in pop culture. TV shows, cartoons, and even entire networks are making reference to the coins — in particular Bitcoin — and associated technology like initial coin offerings (ICOs). Marvel Comics This week a new Marvel comic was released: Hunt for Wolverine – Adamantium Agenda #1. The comic, which can...

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Casper Code Peer Review a Major Milestone for Ethereum

Big changes will be coming to Ethereum in the near future. The switch to proof-of-stake will occur through an initiative known as Casper. The first version of this technical solution has now been made available to the public. By collecting feedback from peers, the developers aim to make Casper as versatile as possible. What is...

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Electrum Copycat Crypto Wallet Steals Seed Keys

Researchers at popular Bitcoin wallet app Electrum have exposed a malicious copycat that has been designed to steal seed keys. The dubious doppelganger called Electrum Pro appeared online in March and has been flagged as malware since. Fake Bitcoin Wallet Swipes Seed Keys According to reports the team behind the original wallet posted a document...

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Chinese Bitcoin Mining Giant Chooses Hong Kong Over US for IPO

China’s second-largest Bitcoin miner is looking to raise $1 billion from their IPO launch in Hong Kong instead of the US. Canaan Seeks a Billion Through IPO in Hong Kong The South China Morning Post has reported that Canaan, a giant in the Bitcoin mining industry, has made plans to launch a 1 billion dollar...

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Reddit Co-Founder: Cryptocurrencies Are ‘Fuel for a New Internet’

The co-founder of online social news forum Reddit has said that cryptocurrencies are ‘fuel for a new internet’ and that they are an opportunity for people to have ‘a store of value.’ Alexis Ohanian was appearing as a guest on the Late Show with Stephen Colbert yesterday when he made these comments. After talking about how...

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