Category: Uncategorized

Police in Tianjin – a city in Northern China – seized some 600 computers used for bitcoin mining. The authorities’ attention was attracted by the abnormal surge of electricity usage by the local power grid operator. Five people are being investigated and one is already being detained. Reuters cites local Chinese media Xinhua, which reported the specifics around a local police officer who noted that “Eight high-power fans were also seized,” adding that it was the “largest power theft case in recent years.”   A Notable Decline China’s overall policymaking…

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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. We all heard about bitcoin and the intriguing (more like confusing?) technology behind it. That is great but how do you actually benefit from this new invention without becoming an expert in it? A lot of people have been turned off by the layers of…

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Taiwan is set to become the latest country to introduce clearly defined cryptocurrency regulations. The new crypto regulations are being designed to combat money laundering activities in the country. Anti-Money Laundering Cryptocurrency Regulations Qiu Taisan, the Justice Minister of the country says the laws should be in place by November 2018. He made this known during a recent conference held by the Taiwan Financial Services Coalition (FSC). Taiwan will play host to the Asia Pacific Group on anti-money laundering (AML) later in the year. The group is expected to evaluate…

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Last year was huge for ICOs (Initial Coin Offerings) though they’ve continued to come under increasing scrutiny as they lack definition and regulation. While they’ve taken a big hit this year, they do offer a real purpose that has gotten lost in the noise and confusion surrounding the term. A lot of people mistakenly believe the sole purpose of ICOs are to create new cryptocurrencies that can rise in value in the crypto market but they forget that ICOs can also be a means for major blockchain projects to raise…

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China once had a bitcoin ATM, back when the country actually allowed cryptocurrency trading and the yuan dominated all other fiat currencies in the global bitcoin market — but what happened to it once the country banned bitcoin? A Lonely Survivor China’s lone bitcoin ATM no longer operates in the restrictive country, but that doesn’t mean it no longer exists. As reported by Quartz, the Shanghai-based Jiefang Daily recently went down to the headquarters of BTCC, one of the world’s oldest cryptocurrency exchanges. When it got there, the reporters were surprised…

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You’ve heard of KYC – Know Your Customer – and possibly also KYT – Know Your Transaction – but have likely yet to experience it in action. KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is deemed unclean. Also read: Chainalysis Raises $16Mn – Plans to Monitor Multiple Blockchains How Clean Is Your Crypto? It seems hypocritical to expect cryptocurrency users to account for where their coins came from. Surely it’s no one’s…

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Ripple has published its performance report for the first quarter of 2018 on the company website. The San Francisco startup reported an increase in sales of XRP tokens. XRP Sales Performance Report for Q1 2018 Ripple sold $167.7 million USD worth of its XRP tokens in the first quarter of 2018. This represents an increase of 83 percent from the sales figures of the previous quarter. The Q1 2018 XRP sales outstrip the Q1 2017 XRP sales by 2,400 percent. Direct sales of XRP tokens stood at $16.6 million while…

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Philippines will move to allow the operation of 10 virtual currency and blockchain companies in its economic zone. By doing so, it provides them with a wide leeway for improvement as they’d be able to take advantage of certain tax benefits. In an attempt to generate employment and drive the country’s economy forward, the Government of the Philippines announced that it’s giving the go-ahead to 10 cryptocurrency and blockchain companies to take full advantage of the tax perks and other benefits by operating within its economic zone. The First of…

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Last fall, the company Blockstack launched a Signature Bounties campaign in order to offer rewards for individuals and teams to build decentralized platforms. So far the campaign has helped produce popular apps like the messaging app ‘Stealthy,’ and ‘Graphite’ documents platform. Now Blockstack has announced it is partnering with the peer-to-peer exchange Shapeshift to offer a $50K bounty to a developer who can build a universal wallet application. Also read: Swap BTC and BCH with the Bitcoin.com Wallet’s New Shapeshift API $50K for a Developer That Can Create a Decentralized…

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The Central Bank of Venezuela will receive $1 billion from the proceeds of the Petro sale.  Petro Sale Exceeds $3 Billion President Nicolas Maduro made the announcement in a statement to reporters on April 26, 2018. The money is being earmarked for foreign exchange auctions as the country tries to recover from a crippling economic crisis. According to the Venezuelan President, early sales of the Petro cryptocurrency exceeded the $3 billion mark. Thus, he has decided to send $1 billion to the country’s central bank, which is expected to use…

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