Category: Cryptocoin

  • JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business

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    Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions between clients of its wholesale payments business. Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but the trial represents the first real-world use of a digital coin by a major […]

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  • Crypto Bear Market Affecting Venture Capital Valuations

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    Venture capital (VC) valuations have been deeply affected by the cryptocurrency bear market, sais Jalak Jobanputra, founding partner of Future Perfect Ventures. Jobanputra commented on the current state of venture capital in the crypto space in an interview with Fortunes’ Balancing the Ledger on Feb. 11. When asked whether there is a trend of discounted […]

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  • Mauritius to License Crypto Custodians Starting in March

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    Mauritius will soon license digital asset custodians as part of its plan to create a fintech hub “in and for” Africa. In an announcement Friday, the island nation’s Financial Services Commission (FSC) said that, after publishing draft rules in a consultation paper in November 2018, the framework has now been finalized and will come into effect on […]

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  • US Crypto Exchange Coinbase Adds Bitcoin Support to Coinbase Wallet App

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    United States cryptocurrency exchange and wallet Coinbase has added Bitcoin (BTC) to its Coinbase Wallet app, according to an announcement published Tuesday, Feb. 5. In August 2018, Coinbase had announced that Toshi, the open source decentralized app browser and wallet developed by Coinbase, will rebrand to become Coinbase Wallet. As explained by the crypto exchange, […]

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  • Venezuela: New Crypto Legal Framework Comes Into Force

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    Venezuela’s new crypto bill, which establishes а legal framework for the industry, officially came into force on Jan. 31. The decree was published in the government’s official media outlet, Gaceta Oficial. The set of rules for miners, crypto entrepreneurs and regular traders was initially approved by Constituent National Assembly — an alternative to the country’s […]

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  • Are You Ready For Some Crypto?

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    You have probably heard of it, but you may have never seen it. You may own some, but you’ve likely never used it to purchase anything. And the odds are your nonprofit organization has never received any as a gift, but you just might within the next three to five years. I’m talking about cryptocurrency. […]

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  • New Zealand Cryptopia Exchange Hack Continues

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    Two weeks after it first reported a hack, New Zealand-based cryptocurrency exchange Cryptopia is still compromised by cyber criminals, according to a blog post from blockchain infrastructure firm Elementus on Jan. 29. The exchange suspended services after detecting a major hack that reportedly “resulted in significant losses” on Jan. 15. Cryptopia stated that the hack occurred […]

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  • South Korean cryptocurrency exchanges pool data to counter money launderers

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    Laundering funds with cryptocurrencies in South Korea could soon become a thing of the past if four of the country’s exchanges have their way. According to a local media report, Bithumb, Upbit, Corbit and Coinone have cobbled together to share ‘real-time’ wallet information on any suspicious activity linked to phishing attempts and pyramid schemes. It comes […]

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  • Piece of Cake: Cryptocurrency ATM Stolen in Bakery Break-In

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    By CCN.com: Crypto thieves have shown that theft can sometimes be a piece of cake. Taking the phrase “get the dough” to the next level, a cryptocurrency ATM machine was audaciously jacked from a bakery in California last week. The theft took place at the Belwood Bakery in Brentwood Village, Los Angeles, and is the latest […]

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  • Samsung Galaxy S10 Could Expose Crypto to Millions of Tech Savvy Users

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    This week, images were leaked potentially giving the world its first glimpse at South Korea-based tech giant Samsung’s flagship smartphone, the Galaxy S10. Among the images, was evidence that Samsung could be ready to launch a crypto wallet to store cryptocurrencies like Ethereum, and a blockchain explorer service called Samsung Blockchain KeyStore. While the leaked […]

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