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According to regional reports from China, a village located within the Wenzhou, Zhejiang region called Yuedong has been gathering attention due to its receptiveness toward cryptocurrencies and blockchain technology. In consonance with social media posts on Weibo, roughly 60 percent of the residents in Yuedong know about cryptocurrencies and many of the villagers have invested … Read more
In this edition of The Daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers, the launch of a new cryptocurrency index fund, and the latest miner to succumb to crypto winter. Also Read: UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency Colorado Digital Token Act The … Read more
Market making and over-the-counter trading firm GSR Markets is taking legal action against lawyer Diana McDonald, who is accused of pocketing $2 million from a $4 million BTC transaction in which she acted as an escrow. Also Read: In the Daily: Bitcoin Begging, NEM Foundation Fights to Survive, Huobi Prime GSR Markets Sues Lawyer Over … Read more
Two Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges. Also Read: P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela … Read more
There’s a new bitcoin cash lottery that uses the BCH blockchain as an oracle to provide true provable fairness in the game. Participants toss BCH into a pot and if the last few digits of the user’s transaction ID matches the target block’s hash they win the jackpot. Also read: UN Panel: North Korea Hacked … Read more
In the first weekend edition of The Daily, we examine the biting effects of crypto winter, which might have frozen out ETH scambots, but hasn’t prevented the penurious from panhandling for crypto by more direct means. We also look at the latest restructuring of the NEM Foundation, which has faced the full force of the … Read more
Fidelity Investments’ new cryptocurrency arm is now up and running. The unit, Fidelity Digital Assets, began operations earlier this quarter but didn’t make any noise about it. It has already started offering trade execution and crypto custody services to institutional investors such as hedge funds and private wealth management firms. Also read: UN Panel: North … Read more
On March 8, London-based exchange Voltaire announced a new incentive for registered traders that provides the ability to earn BCH during each trade executed on the platform. According to Voltaire, which bases all of its exchange paired denominations in BCH, users will earn 0.2 percent of each trade and will be paid in bitcoin cash. … Read more
The U.N. Security Council has heard that North Korea uses cyberattacks and blockchain technology to evade economic sanctions and obtain foreign currency. Through hacking, the reclusive Republic has raked in around $670 million in foreign exchange and cryptocurrency, a panel of experts told the Security Council’s North Korea sanctions committee, ahead of the council’s annual … Read more
A consortium of blockchain companies including Bittrex International, Brave, Cred, and Bitgo is launching a new stablecoin. Universal Protocol Alliance’s Universal Dollar (UPUSD) is a dollar-pegged token whose holders will earn interest, just like a regular savings account. The consortium has announced ambitious plans to launch UPUSD in Africa and Latin America first, to attract … Read more
