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Author: Crypto Coins News

8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price

The Mt. Gox trustee, who was tasked to sell about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange Mt. Gox, is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market. Domino Effect As CCN reported yesterday, CNBC’s Fast Money contributor and BKCM founder Brian Kelly stated that the entrance of major

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Chinese Messaging Giant WeChat Shuts Down 3rd Party Blockchain App

WeChat, a popular Chinese Super App developed by Tencent which offers multiple products like messaging, social networking and payments within the same app has blocked a third party Blockchain app. WeChat is one of the world’s largest platform with more than 1 Billion active users worldwide. WeChat has support for ‘Mini-Programs’ where developers can create

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Indian Exchanges pivot to Crypto-to-Crypto trading amid RBI Banking Blockade

On April 6th, 2018, the Reserve Bank of India (RBI) announced that within three months entities registered with them should stop dealing with cryptocurrencies or companies that deal with cryptocurrencies. This includes banks, mobile wallets, and domestic payment gateways. It was the first time the any government entity announced a rule that would affect cryptocurrency … Continued

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$55 Million: Pineapple Fund Bids Farewell after Making Final Anonymous Donation

Last year in December, a Redditor decided to give majority of their bitcoins to various charities, calling it the Pineapple Fund. The anonymous philanthropist created a website and began accepting applications from non-profit organizations. The goal was to donate 5057 BTC, worth almost $86 million back when one BTC was valued at $17,539. Today, the benefactor “Pine”, who

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Dash Core CEO Ryan Taylor Hacked, Twitter Account Hijacked by 4chan Trolls

Dash Core CEO Ryan Taylor had a nasty surprise yesterday when his social media accounts and cellphone were hacked by “cybercriminals”, who gleefully ran amok with his Twitter account in particular by posting vulgar and racist comments and harrassing Justin Sun of Tron. A thread was opened on 4chan, the anonymous online forum in the … Continued

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Crypto Wallet Trezor Adds Support for Fictional Currency PiedPiperCoin

Cryptocurrency hardware wallet Trezor has added support for PiedPiperCoin (PPC), the fictional currency created the main characters of HBO show Silicon Valley. Satoshi Labs CTO Pavol Rusnak made the GitHub commits on Tuesday, enabling PPC holders to secure their coins using the company’s popular Trezor hardware wallets. Hey Richard @PiedPiperCoin! I just added your coin

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‘An Epic Fail’: Colorado Blockchain Bill Hits the Skids

The bill would have exempted certain digital currencies from being regulated as securities under the Colorado Securities Act. Colorado’s blockchain bill, House Bill 1426, would have also been a boon for innovation in the state was making its way through the State Assembly but got derailed abruptly on Wednesday in a vote. HB 1426 was

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Wall Street Adopting Bitcoin Will Lead Crypto Market to Surge: Brian Kelly

Brian Kelly, a prominent cryptocurrency trader, contributor to CNBC’s Fast Money, and founder of BKCM, stated on the May 9 Fast Money show that the adoption of bitcoin by Wall Street’s biggest financial institutions such as the New York Stock Exchange (NYSE) and Goldman Sachs will lead the cryptocurrency market to surge in the short-

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Retail Investors Can Now Buy the Ethereum Classic Investment Trust

The Ethereum Classic Investment Trust was officially listed on over-the-counter (OTC) marketplace OTCQX on Thursday, providing retail investors with the opportunity to purchase shares of the fund through their brokerage and retirement accounts. The fund, which is listed under the ticker symbol ETCG, is a creation of Grayscale Investments, who purchases “physical” ethereum classic tokens

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Newsflash: Bitcoin Price Takes $250 Nosedive

The bitcoin price took a $250 nosedive on Thursday, putting an end to what had previously been a day of relative stability. The world’s largest cryptocurrency had spent the majority of the day trading near $9,325 on Bitfinex, though it peaked as high as $9,390 during the early morning hours. At approximately 16:45, the bitcoin … Continued

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$363 Million Funding Round Puts Robinhood on Fast-Track to Build ‘Largest Crypto Platform’

Cryptocurrency-friendly stock trading app Robinhood is now valued at $5.6 billion following a mammoth funding round. The fintech startup announced on Thursday that it had raised $363 million in a Series D funding round led by DST Global. “At Robinhood, we’re guided by the belief that America’s financial system should work for everyone – not … Continued

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Ripple Powers Korean Crypto Exchange Coinone for Blockchain Remittance

South Korean cryptocurrency exchange Coinone is turning to Ripple for international remittances. Coinone Transfer, the retail remittance subsidiary of the namesake crypto exchange, will begin using Ripple’s enterprise blockchain network to power its soon-to-launch international remittance service for retail customers in the country. The remittance firm will use xCurrent, an enterprise blockchain software from the

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