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This week in Las Vegas there are two well-known events taking place dedicated to information security and the global hacking counterculture — Black Hat Arsenal and Defcon 2018. During the conference festivities, there will be a bunch of demonstrations showcasing all kinds of hacker tools, security services, and engineering studies. Two developers from the intelligence platform firm Trustar will be revealing a new ‘early warning system’ called White Rabbit that detects emerging ransomware campaigns that utilize the Bitcoin Core (BTC) network for ransom payments. Also Read: A Look at Stylometry: Can…

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Canaan creative have launched what they claim is the world’s first bitcoin mining television set, the ‘AvalonMiner Inside’. The world’s second largest manufacturer of mining hardware are diversifying their product line, according to the South China Morning Post.   Tech Spec The TV set can process 2.8 trillion hashes per second at 100W/T, compared to their most powerful mining rig processing 11 trillion hashes per second. This power (from A3210 16nm ASIC chips) seems pretty decent, considering that you can’t watch TV on a typical mining rig. Canaan say that the TV…

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Japan’s SBI Group is reportedly planning to create a crypto derivatives platform. In South Korea, Huobi is taking an aggressive approach and expects to achieve a 30% crypto market share. Meanwhile, a Thai crypto exchange has unveiled an ATM that supports four cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SBI Plans Derivatives Platform SBI Crypto Investment, a subsidiary of Japanese financial services group SBI Holdings, has acquired a 12% stake in North Carolina-based Clear Markets, Nikkei reported Tuesday. While the acquisition price was not disclosed, the news…

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In today’s edition of Bitcoin in Brief we cover the stories about how NFL players can start to earn some extra cryptocurrency, McDonald’s latest publicity stunt called Maccoin, former US president Bill Clinton to speak at Swell by Ripple, and Binance’s acquisition of Trust Wallet. Also Read: Security Researchers Attack McAfee-Backed Wallet for “Unhackable” Claims NFL Players to Earn Crypto As we reported earlier this year, the athletes of the American National Football League (NFL) have been educating themselves about bitcoin investments for a while now. And now they have…

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The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Stripping Away Tax Benefits The South Korean government has announced its proposed Revised Tax Law 2018. In the official statement published Monday, the government wrote, “from next year, virtual currency handling businesses…

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Recently, we covered some of the most popular debit cards used for crypto payments and we’d like to tell you more about the cryptocurrencies they support. Most of these cards are issued by well-known names in the space, but a new project is now offering you fast and cheap transactions with BCH – a feature that makes the use of crypto cards much more attractive. Also read: Bitcoin (Almost) Everywhere: Bitcoin Debit Cards Worth Checking Out Fuzex Chooses BCH as Base Currency Let’s start with the news in the sector: Fuzex,…

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Nine banking giants are taking part in an app store trial for programs which are based on distributed ledger technology (DLT), further showcasing their interest towards the field and validating its merits. Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Major banking giants are already lining up to test it out. Bridge Between New and Existing Technologies LedgerConnect attempts to provide a comprehensive platform in order to further incentivize banks to take advantage of blockchain…

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McDonald’s will celebrate the 50th birthday of its flagship Big Mac burger by issuing its own “tangible” currency, the company revealed this week. MacCoin ‘Transcends Currencies’ As the company explains in a press release Sunday, the ‘currency,’ dubbed ‘MacCoin,’ will serve as a means of rewarding customers with free burgers and also serve as a collector’s item. “…We wanted a global celebration as unique as the burger itself,” McDonald’s said. The MacCoin transcends currencies to commemorate our global iconic burger while giving customers all over the world a chance to…

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In recent mining news, it has been alleged that the CEO of Vietnam-based Sky Mining has fled the country with $35 million USD in investor funds in his possession. Meanwhile, in the US, Tmgcore has acquired a 100-megawatt data center in Dallas, Texas, and local media have reported that Bitmain will open a mining facility in a former aluminium smelter in Rockdale, Texas. Also Read: Market Caps for Privacy-Centric Currencies Have Dropped Significantly Investors Allege CEO of Vietnamese Mining Company Fled to U.S. With $35 Million Investors and board members of…

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Before it was turned into an investment asset, the invention of Bitcoin promised to usher in a world where anyone can pay for anything they like without a need for getting prior approval from the powers that be. The demand for uncensorable transactions still exists, and the latest example of this comes from Israel where the largest cannabis community market has turned to bitcoin payments. Also Read: The Weekly: Muskbots Blocked, US Candidate Accepts Bitcoin, Herd of Institutional Investors Telegrass to Accept Bitcoin Payments Telegrass, an Israeli community-based cannabis marketplace…

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