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Is contagion from India’s Zebpay flash crash to $5,700 responsible for the pullback in bitcoin price or something else in the works? Market Overview Up till yesterday, BTC traded within a narrowing triangle, leaving investors guessing which side the cryptocurrency would choose but as a third attempt to surpass $6,800 failed, BTC briefly reversed back below the $6,700 support and $6,600 protected against further decline. Fast forward to Friday and BTC broke the support at $6,720, $6,550 and as mentioned earlier, touched a new monthly low near $6,075. Generally, the…

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South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Theft Amount Reduced South Korea’s second largest crypto exchange, Bithumb, has clarified its situation after reporting a theft on Wednesday, June 20. Citing that it “quickly followed the procedure to immediately report the incident to KISA [Korea Internet & Security…

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Cryptocurrency markets are slumping today as most digital asset markets are seeing losses between 8-20 percent over the past 24-hours. Lots of speculators are attributing the dump to the recent measures taken by Japan’s Financial Services Agency (FSA), asking cryptocurrency exchanges like Bitflyer to make improvements to the Japanese trading platforms’ anti-money laundering practices. Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite Get It The Crypto-Bears Are Back Just a few days ago digital currency market prices were reversing northbound after the extremely bearish first two…

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This week as the world watches the 2018 FIFA World Cup, a new online game called Bitcoin Cash Football has been launched where users can play as managers or players within a season of matches. Players earn fractions of bitcoin cash (BCH) by playing the game, but Bitcoin Cash Football is also having a World Cup tournament where teams can play for jackpots of BCH.     Also Read: “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark The Bitcoin Cash Football App Allows Players to Win BCH…

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From the serious to the ridiculous, today’s edition of Bitcoin in Brief has got it all, and by “all” read “a varied selection of crypto-related topics numbering no less than four and no more than six.” That doesn’t sound nearly as alluring though, does it? All it is then. Take a deep breath and let’s dive right in. Also read: Craig Wright Referenced as Satoshi in Chinese University Textbook Oh No Nano! Yesterday was a big day for free transactions altcoin Nano: its Android wallet was released. Shortly after being…

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Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the burgeoning, albeit underground industry, including attempts to crackdown on the importation of cryptocurrency mining equipment. Oil Rich But Strapped For Cash Venezuela made headlines across the world by being one of the first nations to launch a state-issued virtual currency dubbed the ‘Petro’ in February to circumvent international sanctions on the regime of Nicolas Maduro. However, sales figures for Petro have come under fire…

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Harnessing the tremendous capabilities that blockchain-based technology has brought, TravelBlock attempts to disrupt the billion-dollar travel booking industry. Through its implementation, the project intends to cut the costs of travel purchases with as much as 60%. At the same time, it will substantially increase transparency, reliability, and transaction security. Blockchain undoubtedly reminds us of the Internet in the 1990s. Back then the idea of booking your stay online seemed like a far-fetched one, yet now it comprises a $600 billion space dominated by a company called Expedia. The current ecosystem,…

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Dan Morehead, CEO of Pantera Capital, shared his thoughts on the tumultuous cryptocurrency market conditions, outlining that Bitcoin has managed to outperform the company’s Digital Asset Fund in May. He also took the opportunity to criticize Warren Buffet’s overly negative position towards digital currencies.  Bitcoin Beats Diversified Cryptocurrency Basket Pantera Capital is an investment firm focused on blockchain technologies based in San Francisco. Earlier this week, Dan Morehead, the company’s CEO, told Bloomberg that Bitcoin managed to outperform the firm’s Digital Asset Fund. In May,  the first and foremost cryptocurrency…

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Leading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.   Also read: Swiss Crypto Company Acquires License to Distribute Funds to Investors Banks Close Accounts of Award-Winning Startup Several Irish businesses have been forced to either stop trading cryptocurrencies or seek partners abroad after local financial institutions refused to offer them banking services.…

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Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Korean Government’s Solution Following recent reports of multiple security breaches at cryptocurrency exchanges, the South Korean government has revealed the details of the new bill to regulate crypto exchanges, local media report. Choi Jong-ku. On Tuesday, June 19, South Korea’s second largest crypto exchange, Bithumb, posted a notice…

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