News archive

Bakkt Says It’s ‘Cleared to Launch’ Bitcoin Futures Next Month

Bakkt has been “cleared to launch.” The Intercontinental Exchange’s young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS).

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Ethereum Coders Approve 6 Changes for Upcoming Istanbul Hard Fork

Ethereum core developers finalized late Thursday a list of six different code changes to be activated for ethereum’s next system-wide upgrade, Istanbul.

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How Bridging Blockchains Unlocks Value and Unites Crypto Tribes

Interoperability is a multisyllabic word for a multi-faceted problem. How do you get blockchains to communicate with one another? Until recently, there’s been no easy way to achieve this, leaving assets isolated and smart contract-powered dapps siloed on their respective protocols.

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XRP Price Charts First ‘Death Cross’ Since April 2018

XRP is flashing red this Tuesday morning with a long-term price indicator turning bearish for the first time in over a year.

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ICO Issuer PlexCorps Reaches Settlement With US Securities Regulator

A settlement between the SEC and a startup that raised funds in an initial coin offering has defendants paying out the big bucks.

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Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment

The global economy faces its biggest crisis in 11 years. In theory, this should be bitcoin’s moment to shine, a chance to prove itself as an uncorrelated asset immune from political risks. Eventually, that result may bear out. But a rocky road lies ahead – for bitcoiners and nocoiners alike.

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Derivatives Drama: The Unintended Consequences of Crypto Regulation

Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures platform highlights two very important lessons, one obvious and one less so.

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Ripple CEO Intends to ‘Press Advantage’ With New Investments

Blockchain payments startup Ripple is looking to make new investments and acquisitions, with a few deals reportedly underway, according to the company CEO.

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Booze and Bitcoin Mining – Why Violent Prohibition Is Always Harmful

Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region.

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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Cr…

On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope as well.

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More Cities and Regions Accepting Coins for Taxes, Services

Cryptocurrency payments, as convenient as they can be, are still something most governments are trying to wrap their heads around and regulate. Local authorities, however, being closer to the citizens they are called upon to serve, are often quicker to adopt novelties that make their lives and the lives of ordinary people much easier.

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How Governments Steal Your Money and Conceal It Through Inflation

Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran.

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Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go On…

The total computing power now dedicated to securing the bitcoin blockchain has set yet another record.

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US Regulator Plans to Outsource Running Cryptocurrency Nodes

A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin Core (BTC), Ripple (XRP) and Ethereum (ETH) in order to monitor compliance risks.

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Bitcoin Won’t Be a Global Reserve Currency. But It’s Opening the Box

Celebrating the 75th anniversary of the Bretton Woods conference is probably not high on the list of priorities for cryptocurrency enthusiasts this month. This is an understandable oversight – the price swings, confusing product launches and whereabouts of Justin Sun are perhaps more compelling.

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Litecoin Is ‘Halving’ Soon: What’s Happening and What You Should Know

A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners who today ensure transaction processing on the world’s fourth-largest blockchain by total value.

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Blockchain.com Launches High Speed Crypto Exchange for Retail Traders

Cryptocurrency investors looking for a trading platform focused on high speed performance just got a brand new option, available from launch in over 240 markets around the world, including a select number of U.S. states. Popular wallet provider Blockchain.com is launching The Pit.

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Reddit Roasts the IRS: Have America's Tax Collectors 'Gone Crypto F…

In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.” The throwaway account details the “really bad data” used by the agency, saying they’re operating mostly from guesswork, casting broad nets and leveraging fear to generate revenue.

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Large Regulated Token Sales Indicate ICOs May Be Coming Back

Initial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding through token sales has a chance of becoming a mainstream instrument for raising capital.

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Bitcoin-Rewards App Lolli Expands to 900 Retail Locations

Online shopping app Lolli is on a growth tear, expanding off the web and into 900 retail locations.

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Croatian Post Trials Crypto Exchange Service Before Possible Wider…

While post offices sometimes offer banking services, Croatian Post is looking at launching a nationwide cryptocurrency exchange service.

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10,000 American Cryptocurrency Owners Will Receive Warning Letters…

On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August.

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Bitcoin Cash Adoption Continues to Spread in North Queensland and J…

BCH merchant acceptance has continued to grow month after month but there are a few regions in the world where bitcoin cash retail acceptance is thriving. Over the last few weeks, North Queensland and Japan have shown significant growth and continue to dominate as some of the densest territories of BCH merchant adoption worldwide.

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How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy…

We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste.

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Iran Legalizes Crypto Mining

Iran is officially recognizing cryptocurrency mining as an industry within its borders.

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Domain Registrar EnCirca Starts Registrations for Ethereum Addresses

EnCirca, an internet domain registrar, is launching an ethereum naming service (ENS) to provide domain names at .eth locations. The firm is in the pre-registration phase and will accept domain applications until August 10.

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Libra’s Biggest Problem

Among the barrage of commentary accompanying the Libra circus on Capitol Hill last week was a single short tweet from lawyer Marco Santori that summed up the core problem confronting Facebook’s cryptocurrency project – and, for that matter, any corporate-led effort of its kind.

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Could Donald Trump Ban Bitcoin?

Bitcoin yet again graced global headlines last week, after the President of the United States, Donald Trump, took to Twitter to declare himself “not a fan” of cryptocurrencies, “whose value is highly volatile and based on thin air.”

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Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung

Someone in South Korea appears to be trying to take advantage of Samsung’s blockchain efforts by nabbing the “Samsung Coin” trademark.

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Steve Wozniak Has Joined an Energy-Focused Blockchain Startup in Malta

Apple co-founder Steve Wozniak has joined a Malta-based blockchain enterprise targeting more efficient use of energy.

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