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Author: Crypto Coins News

Overstock’s Cryptocurrency Subsidiary is Now Worth More than the Entire Company

When you visit Overstock.com, you’ll still be met by advertisements for discounted Martha Stewart Rugs and a coupon for an extra 10 percent off already-clearanced bedroom furniture. However, there’s no longer any denying that the firm is not primarily an e-retailer — it’s a cryptocurrency company now. Cryptocurrency Startup tZero Now Worth More than Overstock … Continued

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John McAfee’s ‘Unhackable’ Bitcoin Wallet Bitfi Wins ‘Lamest Vendor Response’ CyberSec Award

Hardware wallet manufacturer Bitfi is this year’s recipient of the Pwnie Award for the Lamest Vendor Response. Bitfi Gets Pwnies Award for 'Lamest Vendor Response' https://t.co/TUd6w24fQZ pic.twitter.com/mZKjomEOYh — Eric Vanderburg (@evanderburg) August 9, 2018 The award, which is given to vendors who handle a security vulnerability in the worst way possible, was awarded based on … Continued

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Something’s Brewing at Facebook’s Cryptocurrency Division

It’s not entirely clear what exactly is going on in Facebook’s nascent cryptocurrency division, but several reports suggest that something is afoot. Facebook Meets with Cryptocurrency Project Stellar The first comes from Business Insider, who reports that Facebook’s blockchain research group recently met with Stellar to discuss how the social media conglomerate could leverage distributed … Continued

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Billionaire Bitcoin Evangelist Shelves ‘Three Californias’ Plan after Legal Setback

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”

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Hackers Breach PGA Servers Ahead of Golf Championship, Demand Bitcoin

Unknown hackers have taken aim at the Professional Golfers Association (PGA) of America, demanding bitcoin in order to allow access to crucial files. According to Golfweek, an attack on the computer servers belonging to the Professional Golfers’ Association of America has resulted in the officials of the sports body being denied access to critical files related

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Binance Unveils Demo of New Decentralized Cryptocurrency Exchange

Binance, the world’s largest cryptocurrency exchange, has unveiled the first demo of its much-anticipated decentralized trading platform, which will serve as a core component of the firm’s future public blockchain. During the brief demo, a Binance engineer demonstrated how to use the platform to issue a new cryptocurrency token and then list it on the

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Elaborate Bitcoin [Bitconnect] Scam Nets $3 Billion in India

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

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This Free Tool Helps Check Your Diamond’s Provenance on a Blockchain

Rare Carat, an American company that helps users in finding authentic diamond rings, has partnered with blockchain firm Everledger to launch a product that will keep a track of a diamond’s price, quality and origin. The new product, known as Rare Caret Report, is completely free and can be used both offline and online. In … Continued

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‘Big Four’ South Korean Bank Enters Blockchain Pact with Telecom Giant KT

South Korea’s second-largest bank Shinhan Bank has entered into a partnership with the country’s second-largest telecoms provider KT Corp for the purpose of developing a new blockchain-based platform. The Korea Times reports that the new platform is intended to build on recent moves by regional governments across the country to introduce digital vouchers. Useful Competencies … Continued

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$5,800 Next? Bitcoin and Major Cryptos Recover But Downtrend is Strong

On August 8, the crypto market seemed to be improving, as Bitcoin rebounded to $6,600 and Bitcoin Cash hit $620. However, over the past several hours, the major cryptocurrencies have started to demonstrate a decline in their momentum, as Bitcoin fell to low $6,300 and Bitcoin Cash fell below the $600 mark. Lack of Momentum … Continued

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Singapore VC Firm Launches Dedicated $10 Million Cryptocurrency Fund

Singaporean venture capital firm Golden Gate Ventures is launching what it bills as Southeast Asia’s ‘first dedicated VC cryptocurrency fund’ with $10 million in investment capital. Dubbed LuneX Ventures, the fund will see a ‘laser-like focus’ on the cryptocurrency and blockchain space by investing in early-stage startups including cryptocurrency exchanges, the VC firm said on

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World Bank Picks Australia’s CBA to Deliver ‘World’s First Blockchain Bond’ on Ethereum

The Commonwealth Bank of Australia (CBA), the country’s largest bank, has won a mandate from the World Bank to become the sole arranger of a bond exclusively created and managed on a blockchain. Dubbed ‘bond-I’ – Blockchain Offered New Debt Instrument- with a nod to Australia’s famous Bondi beach, the pioneering issue will be the … Continued

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