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Author: Crypto Coins News

Sierra Leone Denies Recent Presidential Election Used Blockchain Tech to Tally Votes

Sierra Leone’s National Electoral Commission (NEC) has denied reports that it used blockchain technology to record votes and verify the integrity of the results in its recent presidential election. In a statement posted on the agency’s Twitter account, the NEC stated in no uncertain terms that its systems utilize “an in-house database to tally election … Continued

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Cryptocurrency Market Remains Stable at $350 Billion, Bitcoin at $9,000

Over the past 48 hours, after demonstrating a highly volatile week, the cryptocurrency market has remained stable in the $350 billion region, as major cryptocurrencies such as bitcoin have not recorded major gains or losses. Stability Throughout February and March, every cryptocurrency in the global market has experienced extreme upswings and price drops, going up … Continued

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Puerto Rico Launches Blockchain Advisory Council to Support the Industry

Puerto Rico’s Department of Economic Development and Trade (DDEC) recently launched a Blockchain Advisory Council, reportedly to “attract and develop companies based on blockchain technology,” according to local news outlet El Nuevo Dia. The move was announced by the island’s secretary of economic development and commerce, Manuel Laboy Rivera, during the Blockchain Unbound conference in … Continued

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15-Year-Old Hacks Hardware Crypto Wallet Ledger

Hardware wallet Ledger Nano S had a break in – teenage security expert, Saleem Rashid, found an issue with the “tamper-free” wallet. The story began on Nov. 2017, when Rashid reported a flaw to Ledger CTO, Nicolas Bacca, which could allow attackers to steal funds from wallet users. Rashid had observed that the microcontroller employed in … Continued

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ABA Tax Experts Ask IRS to Create Safe Harbor for Cryptocurrency Hard Forks

The American Bar Association (ABA) Section of Taxation has formally asked the US Internal Revenue Service (IRS) to create a safe harbor for investment gains realized from cryptocurrency hard forks. In the letter, which was drafted by Section Chair Karen Hawkins, the ABA noted that several major developments have occurred in the cryptoasset space since … Continued

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The EU Won’t Wait for Global Agreement on Cryptocurrencies: Spain’s Economy Minister

During the G20 summit, the Spanish Minister of Economy, Industry and Competitiveness, Román Escolano Olivares, revealed that he doesn’t see cryptocurrencies as a threat to the global financial system and that the European Union (EU) may not wait for a globally coordinated effort to regulate cryptos. Speaking on the sidelines of the ongoing summit, the

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Surging Cardano Price Leads Mid-Week Market Rally

The cryptocurrency markets rose for a third consecutive day on Wednesday, enabling every top 10-cryptocurrency to post gains against the US dollar and most to advance by more than five percent. The day’s top performer was the Cardano price, which soared by nearly 20 percent during intraday trading. The cryptocurrency market cap rose by nearly

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Norway Government Welcomes Bitfury to Open $35 Million Bitcoin Mining Datacenter

Bitcoin industry giant Bitfury is opening a new bitcoin mining center in Norway, bringing investments and jobs in a move that has “delighted” the country’s government. In an announcement on Tuesday, the BitFury Group revealed details of its expansion into Norway with – what it deems – a sustainable, energy-efficient ‘datacenter’ in a foray backed … Continued

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Bermuda Plans to Become the First Country to Regulate ICOs

Last year, Bermuda’s Premier and Finance Minister, David Burt, launched the Blockchain Task Force. It included a Legal and Regulatory Working Group which would ensure that the country creates a blockchain-friendly environment for interested organizations and startups. Four months later, Burt has come forward with another initiative: to make sure Bermuda regulates ICOs for the first time in blockchain … Continued

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US Treasury Could Include Cryptocurrency Wallets, Addresses on Sanctions Hit List

The US sanctions list keeps getting longer. Most recently, the US Department of the Treasury has revealed it’s considering adding digital-wallet addresses to its growing list of sanctions, but only if they can link the wallet address to someone who has been blocked. The agency updated the documents on March 19 on the heels of a … Continued

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Popular Ethereum App CryptoKitties Raises $12 Million in Series A Funding

Wildly-popular Ethereum application CryptoKitties has raised $12 million in a funding round led by venture capital firms Andreessen Horowitz and Union Square Ventures (USV). Announced on Tuesday, the series A funding round also featured personal investments from major tech figures such as Coinbase co-founder Fred Ehrsam, AngelList CEO Naval Ravikant, and Zynga founder Mark Pincus. … Continued

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Bitcoin Will Be World’s Leading Currency in 10 Years: Square CEO Jack Dorsey

One of Silicon Valley’s most revered entrepreneurs is going all in on Bitcoin. Square CEO Jack Dorsey, who is in London this week promoting the digital payments firm, told The Times that he believes Bitcoin could become the world’s leading currency within a decade — or perhaps even sooner. “The world ultimately will have a

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