Category: obitx

  • Bad Trip: Pot Company High Times Backtracks on Accepting Bitcoin in IPO

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    High Times Holding Corp, a New York-based media group advocating for cannabis usage, has decided against accepting bitcoin in its initial public offering (IPO), according to a filing with the Securities and Exchange Commission (SEC) dated Aug. 13. The SEC filing states that the initial announcement made two weeks ago, in which the company had said it would accept […]

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  • Why the Cryptocurrency Bubble is Reminiscent of Hodling Amazon Stock: CoinShares CSO

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    What a difference a few weeks can make. Just 21 days ago, the bitcoin price was trading above $8,400, riding what appeared to many to be the first wave of a new bull market. The bottom, the analysts said, was in. Now, midway through August, bitcoin is fighting just to hold above $6,000. The altcoin markets, meanwhile, […]

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  • Korea’s Jeju Island Seeks to Become ICO Hub Despite Domestic Ban

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    South Korea’s Jeju island is seeking to become a free zone for initial coin offerings (ICOs) – a plan that, if approved, would allow crypto projects to conduct token sales in the self-governing province despite the country’s tough stance on the issue. As reported by Korean news outlet JoongAng Daily on Monday, the governor of Jeju province […]

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  • Bitcoin Price Hits 7-Month High Against Turkish Lira

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    Bitcoin (BTC) jumped to seven-month highs against Turkey’s national currency, the lira (TRY), on Monday. The price spike comes after the U.S. imposed sanctions against Turkey on Friday for continuing to hold an American pastor in custody. The resultant economic shock-wave has seen the lira drop to a new lifetime low of 7.20 TRY against […]

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  • Marvel Weighs Legal Move Against Crypto Startup’s ‘Wacoinda’ Plans

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    Marvel is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation of Wakanda from the Black Panther film. The comic book giant’s subsidiary, Marvel Characters, filed for extensions with the U.S. Patent and Trademark Office to receive more time before deciding whether it will oppose the […]

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  • Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control

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    By Laura Desmond Controversial Internet pirate and bitcoin advocate Kim Dotcom is urging everyone to invest in gold and bitcoin because the U.S. government is adding $1 trillion to its debt every year, which will never be paid. The debt will destroy the U.S. and create a global economic collapse, Dotcom argued in a tweet. Dotcom also tweeted […]

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  • This Free Tool Helps Check Your Diamond’s Provenance on a Blockchain

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    Rare Carat, an American company that helps users in finding authentic diamond rings, has partnered with blockchain firm Everledger to launch a product that will keep a track of a diamond’s price, quality and origin. The new product, known as Rare Caret Report, is completely free and can be used both offline and online. In […]

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  • Something’s Brewing at Facebook’s Cryptocurrency Division

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    It’s not entirely clear what exactly is going on in Facebook’s nascent cryptocurrency division, but several reports suggest that something is afoot. Facebook Meets with Cryptocurrency Project Stellar The first comes from Business Insider, who reports that Facebook’s blockchain research group recently met with Stellar to discuss how the social media conglomerate could leverage distributed ledger technology (DLT) […]

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  • White Hat Hacker Finds Major Vulnerability in Ethereum DApp Augur

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    A white hat hacker has discovered a major vulnerability in decentralized prediction market Augur, perhaps the most highly-touted decentralized application (dApp) built on the Ethereum network. The bug, disclosed through bug bounty platform HackerOne by security researcher Viacheslav Sniezhkov, would have allowed an attacker to inject fraudulent data into Augur’s user interface, potentially leading to a significant […]

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  • KB Financial Group Report Finds Only 2% of South Koreans Interested in Crypto Investing

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    South Korean financial holding company KB Financial Group Inc. has released an Aug. 6  report on crypto investments in 2018, finding the majority of domestic respondents revealed no intention to invest in crypto. KB Financial Group Inc. is headquartered in Seoul, South Korea and focuses on a range of banking and related financial services. Their survey involved […]

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