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Author: Crypto Coins News

Cryptocurrency Market Cap Dips Below $500 Billion, But Bitcoin Dominance Ascends

The post Cryptocurrency Market Cap Dips Below $500 Billion, But Bitcoin Dominance Ascends appeared first on CCN

The cryptocurrency market cap dipped below $500 billion on Wednesday, marking the recovery’s second hiccup in the past week. But although total valuations are in decline, Bitcoin’s market share continues to climb, once again putting to rest predictions that Ethereum is poised to supplant it as the largest cryptocurrency. On Monday, the cryptocurrency market cap … Continued

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Brazil and Latin America’s Largest Bank Will Use Ripple to Process Payments

The post Brazil and Latin America’s Largest Bank Will Use Ripple to Process Payments appeared first on CCN

On February 21, the Ripple team revealed that Itaú Unibanco, Brazil and Latin America’s biggest bank by market cap, will use the Ripple blockchain network’s xCurrent to process cross-border payments and remittances. Ripple’s Adoption Most major banks in South Korea and Japan led by SBI Holdings, one of Japan’s leading commercial banks, are utilizing the … Continued

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Finland Hamstrings Its Ability to Store Confiscated Bitcoin

The post Finland Hamstrings Its Ability to Store Confiscated Bitcoin appeared first on CCN

Finland authorities have confiscated around 2,000 bitcoin – worth nearly $40 million on Dec. 18, 2017 – and is trying to determine how to safely handle them. Finland’s recently announced cryptocurrency guidelines prohibit the government from storing the bitcoin on a virtual currency exchange. The government cannot store the bitcoin on the Internet, Bloomberg News … Continued

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Australian Watchdog Sees 1,289 Cryptocurrency Scam Complaints in 2017

The post Australian Watchdog Sees 1,289 Cryptocurrency Scam Complaints in 2017 appeared first on CCN

Australia’s national consumer watchdog has reportedly received over 1,200 complaints related to cryptocurrency scams last year leading to estimated losses of AUD $1.2 million. According to figures revealed by Australian nightly TV program 7.30, aggregate data gathered from the Australian Competition and Consumer Commission’s (ACCC) Scamwatch shows the watchdog receiving a total of 1,289 complaints … Continued

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Bitcoin Continues to Outperform Tokens and Cryptocurrencies Amid Recovery

The post Bitcoin Continues to Outperform Tokens and Cryptocurrencies Amid Recovery appeared first on CCN

While the vast majority of tokens and cryptocurrencies in the global market fell by around 10 percent overnight, bitcoin has sustained its momentum in the $11,000 region, with strong volumes. Bitcoin Records Monthly High Dominance Over the past 24 hours, bitcoin, like many other cryptocurrencies in the market, was highly volatile. The price of bitcoin … Continued

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16 Japanese Cryptocurrency Exchanges to Create Self-Regulatory Body: Report

The post 16 Japanese Cryptocurrency Exchanges to Create Self-Regulatory Body: Report appeared first on CCN

Abandoning plans to unite to separate industry bodies, a group of Japanese cryptocurrency exchanges is planning to create a self-regulating body in the aftermath of the infamous recent Coincheck theft. Citing unnamed sources close to the newly planned group, Reuters is reporting that a collective of 16 Japanese cryptocurrency exchanges is drawing plans to install … Continued

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South Korea Regulator Seeks Cryptocurrency ‘Normalization’ in Dramatic U-Turn

The post South Korea Regulator Seeks Cryptocurrency ‘Normalization’ in Dramatic U-Turn appeared first on CCN

In a complete turnaround, South Korea’s financial regulator and watchdog has bullishly called for the development and ‘normalization’ of cryptocurrencies in the country. A month after widespread whispers of a possible ban on cryptocurrency trading in South Korea, local adopters, investors and the wider industry can now be found beaming in optimism for a positive

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California Millennial Assembly-Member Pushes Bill to Recognize Blockchain

The post California Millennial Assembly-Member Pushes Bill to Recognize Blockchain appeared first on CCN

The bill on electronic records would advance blockchain use for smart contracts and electronic signatures in the state.  Assembly-member Ian Calderon (D-Calif.), the maiden millennial elected to the state’s legislature at 27 years old (he’s now in his early 30s), launched California Assembly Bill 2658 in recent days to update an existing law to encompass blockchain technology … Continued

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Bitcoin Exchange Bitfinex Opens ING Account After Losing Wells Fargo

The post Bitcoin Exchange Bitfinex Opens ING Account After Losing Wells Fargo appeared first on CCN

Bitfinex, a large cryptocurrency exchange which has been under the U.S. Commodity Futures Trading Commission (CFTC) scrutiny, has opened an ING account after having lost its Wells Fargo relationship last year, according to Bloomberg News. ING spokesperson Harold Reusken confirmed Bitfinex is a customer but would not say anything further about the relationship, citing customer … Continued

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Lithuania’s Central Bank Investigates 100 Million Euro Bankera ICO

The post Lithuania’s Central Bank Investigates 100 Million Euro Bankera ICO appeared first on CCN

Lithuania’s central bank has launched an investigation into a domestic initial coin offering (ICO), which it says has violated the country’s securities laws. According to a statement dated Feb. 15, the Lietuvos Bankas has opened a probe into blockchain financial services startup Bankera, whose ICO has reportedly raised more than 108 million euros (~$133 million) … Continued

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Cryptocurrency Exchange Bitfinex Adopts SegWit, Coinbase Schedules Rollout for Next Week

The post Cryptocurrency Exchange Bitfinex Adopts SegWit, Coinbase Schedules Rollout for Next Week appeared first on CCN

Network-wide SegWit adoption passed another significant milestone on Tuesday, as one of the largest cryptocurrency exchanges added support for this scaling upgrade and another said that it would roll support out next week. Bitfinex Adds SegWit Support Cryptocurrency exchange Bitfinex was the first of the two firms to make its announcement, revealing that SegWit support

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Poland’s Central Bank Admits to Sponsoring a Smear Campaign on Cryptocurrencies

The post Poland’s Central Bank Admits to Sponsoring a Smear Campaign on Cryptocurrencies appeared first on CCN

The Central Bank of Poland has admitted to sponsoring a smear campaign against cryptocurrencies on Facebook, Google and Youtube. This news was first reported on a Polish news portal, money.pl. The controversial campaign was a video done by Youtuber Marcin Dubiel, titled “I LOST ALL THE MONEY?!” The video starts with a young man investing

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