Category: News

Waves platform

Waves Platform Which is Set For its Second Round of Investment, Plans to Raise $120 Million

According to a recent report, Waves Platform, the world’s fastest public blockchain platform has made it known that it will be conducting another round of investment for the Vostok project. This is bringing the total investment rounds for the project to two. The Vostok project The Vostok project, which is made up of the global…
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Mt. Gox

CEO of the Hacked Bitcoin Exchange Mt. Gox Was not Found Guilty of Embezzlement

According to a recent report, the CEO of the hacked bitcoin exchange Mt. Gox, Mark Karpeles, has been found guilty of record tampering by the Tokyo District Court. Contrary to popular opinion, the CEO was not found guilty of embezzlement. As a result of this, Mark has been sentenced to a suspended jail sentence of…
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initial coin offerings

Thailand’s SEC Approve First ICO Portal

According to a recent report, Thailand’s Securities and Exchange Commission (SEC) has approved the country’s first portal for initial coin offerings (ICOs). The report also made it known that this portal will help screen token, perform due diligence, make sure projects are in line with their whitepaper, and verify the know-your-customer process. Thai SEC First…
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Bitcoin Exchange Gatecoin Shuts Down Due to Financial Difficulty

Gatecoin, a Hong Kong-based bitcoin exchange has recently revealed that it will be shutting down its operation, citing financial difficulty. Since the exchange suffered a major hack in 2016, which saw about $2 million being moved from its wallets, the exchange hasn’t gained its footing. The Hack is Not the Problem As regards its shutdown,…
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Telegram token

Xena Launches Leveraged Contract for the Proposed Telegram Token

According to a recent report, the long-awaited Telegram token (gram) has started trading as a perpetual contract on London-based Xena Exchange. The exchange has launched a derivative contract for gram. An interested trader can do so with a leverage of up to 100x. The report made it clear that the newly listed perpetual contracts are…
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Forte and Ripple Partners to Form a $100 Million Fund focused on Mainstream Blockchain Game Development

The recently launched, blockchain gaming startup Forte has announced a major partnership with Ripple’s Xpring cryptocurrency platform to invest $100 million in game developers looking to develop games based on blockchain technology. Forte to Collaborate with Industry Expert on the Ripple Funded Project Forte which is a brainchild of Kevin Chou, who led Kabam in…
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crypto industry

EY Executive Says that the Adoption of Bitcoin Could Affect the Global Economy

According to a recent report, after visiting India and meeting up with several government agencies, an EY executive has stated his thoughts regarding the future of virtual currencies in the country. He stated that he believes that bitcoin is just another foreign currency, therefore, it’s adoption could affect the global economy making it of no…
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crypto assets

Ciphertrace To Start Monitoring Crypto Transactions In Malta

According to a recent report, a cybersecurity company in the U.S called Ciphertrace has been appointed by the Malta Financial Services Authority (MFSA) to monitor the compliance of crypto assets by monitoring transactions which are carried out by local crypto exchanges and digital wallets including ICOs, and investigating any form of money laundering and terrorism…
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virtual currencies

Texan Lawmaker Looking to Ban Anonymous Use of Crypto in the State

Phil Stephenson, who is a member of the House of Representatives in Texas and is also a Republican has passed a new bill which requires people residing in the state to reveal their identity if they wish to make use of virtual currencies, according to a recent report. The bill which was tagged: H.B. No.…
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Bitcointopia’s Founder Pleads Guilty to Sales of Land Not Belonging to Him

According to a recent report, Bitcointopia’s founder has pleaded guilty to charges levied against him regarding the operation of a money transmitting business without a license and he also admitted that some of the lands which he sold were not belonging him. Bitcointopia is a scheme which sells land in the Nevada, U.S.A. He was…
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