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Search Giant Baidu Unveils Blockchain Photo Platform

Chinese internet search giant Baidu has launched a blockchain-based stock photo service in bid to protect image intellectual property in China. The service, called Totem, went online Wednesday and uses a blockchain to timestamp submissions of each original photograph from a user with a real-name identity and store data associated …

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BitFlyer Exchange Toughens User Verification Amid Watchdog Scrutiny

BitFlyer, a major Japanese cryptocurrency exchange, announced Thursday that it will toughen its know-your-customer process after reported criticism from the country’s financial regulator. According to a company announcement, starting from April 26, users registering online will not be able to send cryptocurrency assets or withdraw Japanese yen until their identity …

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Police Abruptly Halt Chinese Blockchain Conference

A blockchain-themed conference in Shanghai was abruptly suspended by police on Thursday. The one-day event, dubbed the Global Fintech & Blockchain China Summit 2018 and organized by a business conference organizer called PTP International, was originally scheduled for April 12. Yet around midday (local time) on Thursday, the morning session …

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Santander to Launch Ripple Payment App This Week

Global banking giant Santander Group is reportedly launching a blockchain-based application for cross-border foreign exchange on Friday. According to a report by the Financial Times on Thursday, the app, dubbed One Pay FX, is initially to be rolled out for Santander’s customers in four countries – Spain, the U.K., Brazil …

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Moody’s: Blockchain Could Save US Mortgage Industry $1 Billion

Blockchain could help cut costs and redundancies in the mortgage process, according to a new report from Moody’s. The firm touched on the technology’s promise in a new in-depth report that analyzes the impact of new technologies on the U.S. housing sector. While innovation in the years since the financial …

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Carbon ‘Stablecoin’ Project Raises $2 Million in Seed Round

Cryptocurrency startup Carbon has raised $2 million in seed funding, the company revealed to CoinDesk, Thursday. Investors in the round include General Catalyst, Digital Currency Group, FirstMark Capital, Plug and Play Ventures and The Fund. Carbon did not disclose its valuation. The investment round brings the project a step closer …

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IT Giant Tech Mahindra Joins India’s Early Blockchain ‘Bulls’

Is India emerging as a blockchain trendsetter? Certainly, the sector has been moving in fits and starts in what’s becoming the world’s fifth-largest economy. Despite a bearish outlook on cryptocurrencies from regulators, progressive Indian states and companies are charging ahead in exploring the applications of blockchain technology. Now, there are …

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NY Regulator Argues BitLicense Regulation Boosted Businesses

The New York State Department of Financial Services (NYDFS) is taking steps to defend its much-contested track record as an early regulator of cryptocurrency. In remarks at this year’s Conference of State Bank Supervisors spring meeting Tuesday, NYDFS superintendent Maria Vullo discussed the agency’s efforts to police the cryptocurrency space, …

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CabbageTech CEO Concedes in CFTC Crypto Fraud Suit

The Commodity Futures Trading Commission apparently affirmed its ability to regulate cryptocurrencies as commodities on Thursday, after an alleged scammer gave up a legal fight against the agency. Patrick McDonnell, whom the CFTC sued in January, sent a letter to U.S. District Court chief magistrate Roanne Manne of the Eastern …

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Bank of America Sees Blockchain As Way to Replace Internal Ledgers

Bank of America may be looking into creating a single transaction ledger to replace existing data sharing systems with a blockchain, according to a patent application released Thursday. The filing, published by the U.S. Patent and Trademark Office (USPTO), outlines a permissioned blockchain which, if implemented, would securely record and …

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Crypto Tax Support Is Coming Slowly to India

While the focus may be on the U.S. of late, cryptocurrency tax issues are becoming a global problem. India, for example, has responded by sending tax notices to crypto traders and investors after a survey found $3.5 billion in transactions may have been performed by citizens over the past 17 …

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Russian Police Arrest Two for Illegal Crypto Mining

Russian police arrested two people for running an illegal cryptocurrency mining operation on Thursday. Ministry of Internal Affairs spokeswoman Irina Volk said police detained two individuals in connection with a cryptocurrency mining farm discovered in an abandoned rubber factory. Authorities found more than 6,000 pieces of mining equipment at the …

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Bank of America Applies for Blockchain Data Storage Patent

Bank of America may be looking into creating a single transaction ledger to replace existing data sharing systems with a blockchain, according to a patent application released Thursday. The filing, published by the U.S. Patent and Trademark Office (USPTO), outlines a permissioned blockchain which, if implemented, would securely record and …

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$7.5K Ahead? Bitcoin Price Charts Hint at Bull Move

The stagnant bitcoin charts could spring back to life in the next 24 hours, with a bullish move possibly on the cards. The cryptocurrency has been moving in a more or less sideways manner for over a week now and – currently trading at $6,848 on Bitfinex – is largely …

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Bitcoin Breakout: Price Jumps $1K in 60 Minutes

Bitcoin rallied over $1,000 in an hour this morning, having spent a better part of the last two weeks trading sideways in a narrow price range. The cryptocurrency clocked a two-week high of $8,055 soon before press time and is currently trading at $7,850, according to CoinDesk’s Bitcoin Price Index. …

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Bitcoin Dust: What It Is and Why You Should Get Rid of It

Imagine having a $100 bill in your pocket. Now, imagine $100 worth of pennies. Notice the difference? Bitcoin isn’t without its irritating kinks, and tiny bitcoin pieces called “dust” are among the lesser-known. As the analogy above shows, the bitcoin protocol sometimes needs to generate tiny output coins when users …

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