PR: CryptoWorld LLC Announces Wall Street and the Internet of Money Conference.

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Over 30 of the world’s leading blockchain, cryptocurrency and investment experts to speak on a variety of important topics, including regulation, crypto based products, capital raising and valuation at the Intercontinental Hotel in Times Square on March 22nd 2018. New York NY. February 27, 2018…

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Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust

Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Possible Capital Tie-Up The Tokyo-based cryptocurrency exchange Coincheck is reportedly “considering a capital tie-up to strengthen its financial base and regain trust following a massive cryptocurrency theft from the…

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Bitfract by Shapeshift Lets You Swap One Cryptocurrency for Many

Instant cryptocurrency exchange specialist Shapeshift has quietly launched a new service. Bitfract, which is still in beta, allows users to swap from one cryptocurrency for multiple cryptos in an instant. For example, you can swap from bitcoin to a brace of different altcoins without needing to make multiple transactions. The tool is free to use, save for Shapeshift’s standard commission, and supports a wide range of cryptocurrencies. Also read: Multi-Asset Edge Wallet Goes Live with Bitcoin Cash One Exchange, Many Cryptocurrencies Cryptocurrency exchange Shapeshift has become extremely popular on account of…

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Venezuela Opens State-Funded Crypto School as Citizens Starve

Days after launching the world’s first ever state-issued cryptocurrency, the government of Venezuela has opened up a cryptocurrency school for its citizens — presumably to educate them on the glory of Petro. Prioritizing Petro According to reports, the government of Venezuela has opened the doors to a cryptocurrency training center at the Granja Laboratorio Petro School in Caracas — supposedly to educate interested citizens on how to buy, sell and mine cryptocurrencies, as well as illustrate the inner working of the cryptocurrency economy. Venezuelan crypto teacher Carmen Salvador told Reuters on…

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ICOs and Exchange Sign-Ups Create Boom for Automated Compliance Industry

Many of the major cryptocurrency exchanges have announced that a massive influx of new traders in late 2017 caused them to be overwhelmed, leading to degraded services or forcing them to close their doors to new clients. Much of the problem was the need to ensure compliance with complex KYC/AML regulations, which the companies struggled to do at scale. This has led them to outsource the process for specialized automated compliance firms to handle. Also Read: Bitpay Bans Payments to Merchants of Explicit Content, Cloud-Mining and Gambling Know Your Customer…

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Sixth Grader Writes a 57-Page Book About Bitcoin

An 11-year old named Andrew Courey from Massachusetts just published a book on bitcoin so the younger generation can grasp this emerging technology that’s been sweeping the globe. The sixth-grader considers himself an expert on bitcoin, and his 57-page book describes cryptocurrencies in a way his peers can understand. Also read: People Who Don’t Understand Cryptocurrency Should Probably Stop Writing About It A 57-Page Book About Mastering Bitcoin Written By a Sixth Grader Andrew Courey is a middle school student from Massachusetts, and he hopes to earn $20Mn by the age…

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ICOs Raised Over $1 Billion in 2018, And It’s Only February

With over 40 ICOs and over $1 billion raised already in the new year, the nascent industry is on pace to top last year’s mark of $5.6 billion. 2018: An Even Bigger Year for ICOs? Last year, there were 902 so-called Initial Coin Offerings (or ICO) projects tracked by TokenData. Out of that amount, 142 failed prior to the offering, and another 276 failed after raising funds. But despite a lackluster success rate of about 48%, startups still managed to raise $5.6 billion USD in 2017, according to Business Insider.…

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Goldman Sachs-backed Circle Buys Poloniex Cryptocurrency Exchange for $400M

Circle, the notionally cryptocurrency-focused payment services startup, has reportedly bought exchange Poloniex for $400 million. Job Done Between Circle And Polo According to Fortune editor Robert Hackett who leaked the news in advance, an official statement will follow Monday. The takeover means a cryptocurrency exchange is now under direct ownership of a Goldman Sachs funded company. Hackett wrote on Twitter earlier this morning: Rumors have swirled in recent weeks that Circle has been in talks to buy the cryptocurrency exchange (Poloniex). […] I can confirm here for the first time that,…

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US Navy Investigators Bust Bitcoin Drug Ring at Naval Academy

Despite recent claims that bitcoin is becoming less popular for illicit dealings on the dark web, investigations show that it is still the payment method of choice for many. The most recent example comes from the US Navy, where a few entrepreneurial cadets reportedly used bitcoin to buy drugs which they distributed to their classmates for profit.  Also Read: Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles Sailing the High Seas US Navy investigators have uncovered an alleged drug ring at the U.S. Naval Academy in Annapolis, Maryland, involving between…

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Thai Exchange TDAX Halts ICO Trading

Regulators and banks in Thailand are slowly turning the screws on privately owned crypto exchanges operating within the Kingdom. Thai Digital Asset Exchange (TDAX) is the first to postpone registration and trading of new ICOs while it waits for a clearer regulatory framework from the Securities and Exchange Commission.  Bank Account Barred The move comes just a few days after one of the country’s leading banks halted transactions involving trading of cryptocurrencies with the TDAX. Bangkok Bank is the first financial institution in Thailand to take such action. Their reasoning…

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