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It has been a pain to watch the bitcoin charts these past couple of months, but lucky enough I’ve been busy reading about the latest discussions around technology developments to take my mind out of it. Why is the market crashing? What’s bringing it down? Who’s responsible for this calamity? When will it recover? I, too, get haunted by...
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Nordea Bank, the largest financial group in the Nordic countries, which banned Bitcoin in January, has been caught in a major money laundering scandal for allegedly receiving dirty money from two banks in the Baltics. Yle, a state-owned publication in Finland with over 3,500 employees, reported that finance authorities in Sweden received a report with...
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The U.S. Securities and Exchange Commission (SEC) has issued an officer and director bar, a penny stock bar, and a penalty of $30,000 to a fraudulent ICO founder today. According to the official press release, David T. Laurance was previously found guilty for taking part in deceitful security offerings. Laurance’s LinkedIn profile shows that he is the president and...
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Changpeng Zhao, the CEO of Binance, has officially stated that the company does not charge 400 bitcoin ($2.5 million) to list cryptocurrencies on its platform. Legitimacy of the Claim Last week, cryptocurrency researcher Christopher Franko claimed that Binance, the world’s largest digital asset exchange, has been charging cryptocurrencies a listing fee of 400 BTC to integrate...
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The Shailesh Bhatt saga from India’s merchant-dominant state of Gujarat hit new highs last week after the elaborate network of politicians, kidnappers, law enforcement officers, and local authorities unraveled loan sharks.  In all, Bhatt’s bitcoin scam is estimated at a mammoth $3 billion, all in BTC. Ruling Party Connections Months before the Indian ruling party elections go...
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Billionaire bitcoin evangelist Tim Draper has grudgingly shelved his ambitious plan to split California into three states. Draper, a venture capitalist, and prolific cryptocurrency investor wrote in a letter dated Aug. 2 that he will not appeal a court decision barring his initiative — formally known as Proposition 9 but better known as “Cal 3” — from appearing on the...
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An Australian data center operator and its cryptocurrency subsidiary are developing what they describe as the country’s first “behind-the-grid data center” powered by renewable energy. Situated in the coal-mining town of Collie, some 200km south of Perth, the new facility is being developed by data center operator DC Two and subsidiary D Coin and will...
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Bitcoin investments are getting more popular day by day as it is one of the best ways to make money with bitcoin. One of the greatest points of interest when it comes to investing in bitcoin is the huge profit that comes with it, and the varying everyday framework, which permits to screen the market at any...
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The SamSam ransomware has grossed its creator over $6 million in Bitcoin since late 2015, according to research from cybersecurity firm Sophos. The UK-based cyber-security firm published its findings in what is believed to be the most comprehensive research on the SamSam ransomware. The study is based on the data collected by the researchers from...
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Financial services giant Northern Trust, which ranks 486th on the Fortune 500 list of the largest U.S. companies, has begun to wade into the cryptocurrency ecosystem. Northern Trust Offers Services to Crypto-Curious Hedge Funds Forbes reports that the 129-year-old Chicago-based firm, which caters to institutional investors, corporations, and high net worth individuals, has begun to open...
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