CabbageTech’s Patrick McDonnell $11 Million Cryptocurrency Scam Details.

The $11 million scam: How Patrick McDonnell's one-man crypto scam will cost him dearly Patrick McDonnell, the one-man band behind CabbageTech, must have believed himself to be the cryptocurrency world's Frank Abagnale after setting up the company which scammed a large number of investors out of their Bitcoin in exchange trading advice. While McDonnell must […] origin »

South Korea is Pioneering Cryptocurrency Research Centers For Mass Adoption.

South Korean Crypto Research Centers Means Mass Adoption? Business Korea, a local media source, reported that the country has started to launch cryptocurrency research centers. The purpose of such centers is to provide potential investors with the information and knowledge necessary to make smart investments and to promote the mass use of cryptocurrency as well. […] origin »

Vitalik Buterin on Bitcoin ETF: Too Much Investment, Not Enough Usage.

Ethereum co-founder Vitalik Buterin has taken to social media to decry the heavy emphasis placed on cryptocurrency exchange-traded funds in lieu of real-world crypto adoption, stating that while complex crypto financial products are beneficial for short-term gains, the ability to easily and quickly purchase cryptocurrencies is more important. origin »

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Banking Giant Trials Blockchain for Land-Backed Loans Issuance.

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The ABC said the blockchain system is deployed among various nodes to facilitate the loan issuance including other commercial banks, the provincial branch of the People’s Bank origin »

Crypto mining applications are no longer being accepted by the Washington Utility.

A customer-owned utilities company in rural Washington has stopped accepting applications for electricity from crypto mining and similar blockchain operations, the Seattle Times reported July 30. The Franklin Public Utility District commissioners (PUD) have approved a moratorium that will allow time for staff to investigate the impact of cryptocurrency mining on the electrical system before origin »

Lykke Terms of Issuance Update.

The Terms and Conditions of Lykke FX colored coins issuance have been updated and will come into force on December 31, 2016. The redemption date is extended to January 1, 2019. New colored coin assets are added. Please check the updated version. origin »

Lykke Changes Operational Mode.

Blockchain technology has been revolutionary. But along with 40% growth of Lykke user base in December, scalability challenges have arisen. These considerations led us to decide to switch our exchange to a centralized model. origin »

EverID ICO.

EverID has built a decentralized digital identity system to store and confirm user identity data, documentation, and biometrics. The platform is available to all human beings. It does not require a mobile device to join, is encrypted to protect users’ privacy, and is interoperable with other systems. origin »

Bitcoin Price Watch: Currency Tanks to $7,790.

After several days of bitcoin remaining above $8,000 and enthusiasts rejoicing about a possible new era for crypto, bitcoin has suddenly tanked by roughly $400 and is now trading for about $7,790. Current conditions suggest that bitcoin – despite showing signs of newfound strength – is still just as vulnerable as ever to volatility and […] origin »

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Decred Is The Bitcoin You Wished BTC Could Be.

Decred (DCR) is a proof-of-work (PoW) cryptocurrency that has the same coin supply as Bitcoin, but what differentiates it? Decred is essentially “Bitcoin with governance”. Many analysts attempt to categorize coins by industries, and the Level 1 hierarchy usually has three categories: currencies, platforms and applications. origin »

The First Chief Compliance Officer Position introduced at Coinbase.

Jeff Horowitz is to become the first-ever Crypto Compliance Chief. World-famous cryptocurrency trading platform Coinbase is doing its best to ensure legitimization of crypto assets. According to the San Francisco-based start-up’s announcement, they will introduce a position of a chief compliance officer and Jeff Horowitz, who has a rich experience in working for banks and origin »

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Introduction of the new ripple based alternatives in San Francisco.

A new Ripple (XRP)-based decentralized crypto marketplace, DCEX, has now opened registration for retail and institutional accounts, according to a press release published July 30. The new San Francisco-based platform runs on technology developed by blockchain firm AlphaPoint, and will initially offer 15 crypto-crypto trading pairs, all against Ripple as a base currency. These include origin »

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Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight.

In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […] The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News. origin »

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