Category Archive : Breaking

‘Nerdy’ Australian PM Pushes Blockchain ‘Agenda’ to Take On Big Banks

Australia’s newly-elected Prime Minister Scott Morrison is pushing his agenda of backing blockchain technology to disrupt and bring “much tougher competition” to the big banks and other sectors in the country. Speaking to reporters within weeks of being sworn in as Australia’s newest prime minister, Scott Morrison was asked [full clip below] about his position on

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Surrender or Else: Thai Authorities Slap Mastermind of $24 Million Bitcoin Fraud with Deadline

The prime suspect in Thailand’s multi-million dollar bitcoin fraud case now only has a few days to make plans for his surrender or else efforts to extradite him will kick off. Thailand’s Crime Suppression Division has given Prinya Jaravijit, who is believed to be the mastermind behind the fraudulent scheme in which a Finnish investor

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HSBC Whistleblower Who Exposed Money Launderers, Tax Evaders Turns Crypto Promoter

A whistleblower who leaked data exposed tax-evading and money-laundering clients at the multinational financial institution he worked in has just given the finger to the banks once again by lending his efforts to increasing cryptocurrency awareness. Herve Falciani, the former computer systems analyst at banking giant HSBC, is now promoting a cryptocurrency known as Taboow,

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Hong Kong Jeweler Introduces Blockchain App for Diamond Authentication

Hong Kong jewelry company Chow Tai Fook has partnered with Gemological Institute of America (GIA) to create a blockchain-based app that will enable customers to ascertain the origin and authenticity of stones purchased. This development brings closer the blockchain implementation processes to regular individuals through a more conversant user interface, the app. Provenance Using Blockchain

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Ethereum Spikes 16% Overnight to $220 as Crypto Market Recovers to $204 Billion

ETH, the native cryptocurrency of Ethereum, has surged by more than 16 percent overnight, rebounding $224. Within 48 hours, the price of ETH surged from $168 to $224, by more than 33 percent. While ETH has retraced slightly to $215, the second most valuable cryptocurrency in the market has found a breathing room that may

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OKEx Clarifies Alleged Arrest of CEO: No Connection With Crypto WFEE

On September 11, photographs of Star Xu, the founder and CEO of OK Group, the parent company of crypto exchange OKEx, being investigated by Shanghai police circulated around online cryptocurrency communities. CNLedger, a trusted news source in the Chinese cryptocurrency community, reported that Xu was investigated by police officers in Shanghai after investors submitted complaints

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Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

Defunct bitcoin exchange Mt. Gox has opened up its online rehabilitation claim filing system to corporate creditors who were holding cryptocurrency funds on the platform when it went belly up in 2014. Mt. Gox rehabilitation trustee Nobuaki Kobayashi made the announcement in a document dated Sept. 12 and published on the Tokyo-based bitcoin exchange operator’s

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OTC Bitcoin Trading in Russia is Becoming More Active, Like China

Russia, one of the few countries alongside China and India to have restricted crypto trading, is seeing an increase in demand for over-the-counter (OTC) investment in Bitcoin and other cryptocurrency assets. According to local reports, the daily trading volume of major cryptocurrencies like Bitcoin and Ethereum in Moscow alone reach $50 million on peak days,

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Uber Co-Founder’s Cryptocurrency Trading Platform Launches Institutional Brokerage

Voyager, the cryptocurrency trading platform created by Uber’s first CTO and a former E*Trade executive, has launched a new brokerage division designed specifically for institutional investors. Dubbed Voyager Institutional, the brokerage aims to deliver a “best-in-class crypto trading solution” to large firms seeking to trade cryptocurrencies, a group that among others includes hedge funds, buy-side

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Two-Thirds of Cryptocurrency Investors Want to be Paid in Bitcoin

A new survey by HR startup company ChronoBank has found that crypto investors are disappointed in the lack of employers willing to pay salaries in bitcoin and altcoins. Price Instability Doesn’t Phase Crypto Wage Earners The survey of 445 crypto enthusiasts found that while 66% of respondents are willing to receive wages in cryptocurrencies, only

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