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Brexit Britain Can’t Rope-In Crypto Cowboys Alone

Brexit Britain Can't Rope-In Crypto Cowboys Alone

Bloomberg contributor Lionel Laurent believes that Brexit Britain needs to get serious about regulating the crypto industry. Yet, he’s skeptical it can be done alone. It’s clear from a September 21st Bloomberg article that regulation-cozy Lionel Laurent believes crypto regulation needs to be an international effort. EU-friendly Laurent believes that Brexit Britain simply cannot go it alone. Crypto needs a leash, but it’s laughable to think that the City of London can hold it on its own. The UK

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Bitmain Fights Rumors by Launching New ASIC Chip

Bitmain Fights Rumors by Launching New ASIC Chip

As Bitmain’s IPO date approaches, negative news involving the company could add up. The CEO of Bitmain, Jihan Wu, countered the pessimism by launching a brand new “algorithm acceleration chip.” Bitmain’s Anonymous Detractors After the news that Bitmain’s earnings over the course of Q2 didn’t turn out according to plan, someone who claims to be an insider and leaks collector created an anonymous Twitter account to disparage the company freely. The anonymous user’s frequent tweets have captured the

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Women Are Looking to Shake Up Male-Dominated Crypto Industry

Women Are Looking to Shake Up Male-Dominated Crypto Industry

As the cryptocurrency and blockchain industries continue to evolve, some women are working to promote a culture of inclusiveness in a traditionally male heavy field. While the creation stories behind cryptocurrencies like Bitcoin (BTC) and underlying blockchain technology feature many twists and turns, one thing remains constant. The vast majority of people in the field, from the earliest adopters to today’s Twitter personalities, are still mostly men, though there are efforts to change this such

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Fidelity, World’s 4th Largest Asset Manager, Says Crypto Products ‘Underway’

Fidelity investments

US multinational financial services corporation Fidelity Investments plans to release details of its new cryptocurrency offerings before the end of the year, its CEO revealed this week. ‘A Few Things Underway’ Speaking at the Boston Fintech Week in its hometown, Abigail Johnson said the company, which is famous for its bullish stance on cryptocurrency, had several projects underway in the space. “We’ve got a few things underway, a few things that are partially done but

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Bottom Officially In? Mike Novogratz Says Bitcoin Market Has Hit ‘Seller Fatigue’

Investment mogul and Bitcoin bull Mike Novogratz has stated his belief cryptocurrency markets have reversed for good as BTC/USD hits $6630 September 21. Novogratz: Bitcoin Has ‘Established’ Store Of Value Status Speaking at the Yahoo Finance second annual ‘All Markets Summit’ in New York, Novogratz told the audience that crypto assets had officially hit “seller fatigue” and a long-awaited upswing was imminent. “Bitcoin has held $6,000. Yes, it is off its highs, but it has

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Brazil Investment CEO On Bitcoin Exchange Launch: ‘I’d Rather Crypto Didn’t Exist’

Brazil

XP Group, owner of the largest investment firm in Brazil, XP Investimentos, confirmed it would launch a cryptocurrency exchange this week – despite its CEO saying he wished it “didn’t exist.” Benchimol: ‘We Felt Obligated’ As Bloomberg reports quoting Guilherme Benchimol at an event in Sao Paulo, XP will finally give in to investor demand and begin a Bitcoin and Ethereum trading operation after six months of rumors. “I must confess, this is a theme

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PwC Officials Remain Resolute About The Potential of Blockchain

PwC

Over the past few days, officials at PricewaterhouseCoopers have extolled the popularity and utility of blockchain technology. Big Four auditor PricewaterhouseCoopers (PwC) has played a heavy role in the world of blockchain. Earlier in the month, Bitcoinist reported on a PwC company survey that cited issues like scaling, compatibility, and regulatory uncertainty as barriers which still serve as a roadblock to industry growth. Many of these same sentiments were echoed by PwC Blockchain head Grainne

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SEC Delays Bitcoin ETF Decision As Public ‘99%+ in Favor,’ Says VanEck Director

SEC

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on VanEck/Solid X backed exchange-traded fund (ETF). Another Delay The SEC has already received roughly 1,400 letters of comment regarding the Van Eck/Solid X Bitcoin ETF proposal. The Commission is seeking more input from the public, according to a September 20th filing from the SEC. Despite the thousands of comments, the SEC feels it has not “[…] reached any conclusions with respect to

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Singapore Phishing Websites Using Fake News to Get Users’ Bank and Credit Card Details

Singapore Phishing Websites Using Fake News to Get Users’ Bank and Credit Card Details

Phishing websites have been using fake news involving the Deputy Prime Minister of Singapore as means of aquiring users’ credit card and bank account information. Get Rich Quick Scheme The Singaporean government has condemned two separate websites for trying to acquire bank account and credit card information by distributing false information involving the Deputy Prime Minister of Singapore. Reportedly, the websites have been pretending that Minister Tharman Shanmugaratnam supports the cryptocurrency industry. One of the

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Blockchain Is Paving the Way Towards Reduced Carbon Emissions

Blockchain Is Paving the Way Towards Reduced Carbon Emissions

Debate continues to rage about the best practices and strategies needed to collectively curb carbon emissions. Blockchain tech can help. As cryptocurrencies grow in popularity, so does the debate about their energy usage. Research has purported energy consumption habits by miners could be leading to carbon emission levels that could be interfering with national climate change mitigation obligations. Others figures like Stanford’s Jonathan Koomey note that there is not enough research and data available to be

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Europol: Terrorists Still Use Banks, Fail To Abuse Cryptocurrencies

euro criminal

A new assessment by Europol this week reveals a growing schism between the use of cryptocurrencies by terrorists and other criminals. No European Terrorist Attacks Leveraged Crypto Funds In its Internet Organized Crime Threat Assessment (IOCTA), the organization highlights that while the use of Bitcoin in particular by cybercriminals is growing, terrorists still prefer conventional money transfer methods — banks and wire transfers. “…Despite the clear potential, none of the (terrorist) attacks carried out on

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Coinbase Denies Claims That 20% of Its Trading Volume is Self-Created

Coinbase Aims to Obtain Banking Licenses

US cryptocurrency exchange and wallet provider Coinbase defended its business practices yet again this week after a US report said 20 percent of its volume came from the company itself. Figures ‘Misreported’ In a blog post September 20, chief policy officer Mike Lempres refuted claims made by New York Attorney General Barbara D. Underwood in her Virtual Currency Markets Integrity Initiative. “Coinbase does not trade for the benefit of the company on a proprietary basis,”

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