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BitFury to Expand China Footprint Following $30 Million Deal

A new two-part deal valued at $30m will see BitFury expand its footprint in China. The full-service blockchain technology company has announced a deal with Credit China Fintech, a firm that provides consumer-facing financial products, according to FT. The $30m deal has two components: an investment in BitFury directly and …

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Bundesbank President: Blockchain is a ‘Multi-Purpose Tool’

The head of Germany’s central bank described blockchain as “a multi-purpose tool” during a G20 summit speech earlier this week. Leaders from the international organization are meeting in Germany this week to discuss issues around the digitization of finance. The event also saw Bank of England chief Mark Carney remark …

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Bitcoin is Abuzz With New Satoshi Nakamoto Rumors

If the gossip at a recent invite-only bitcoin conference is any indication, news may be forthcoming in the long-simmering Satoshi Nakamoto saga. On the sidelines of the two-day Satoshi Roundtable conference in Cancun, rumors were swirling that new developments in the ‘Who is Satoshi?’ story once again relate to the …

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Blockchain-Friendly Congressman Faces Hearings for Trump Budget Role

A blockchain-friendly member of Congress faced confirmation hearings on Capitol Hill yesterday in his bid to join the Trump administration. Representative Mick Mulvaney, a Republican from South Carolina, was nominated in December by then-President-elect Donald Trump to head up the Office of Management and Budget, which would make him the …

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Bitcoin Prices Dip Below $900 After Trading Volume Drop

Bitcoin prices fell below $900 during late-night trading, continuing that trend as the day progresses. The digital currency’s price tumbled yesterday after major exchanges BTCC, Huobi and OKCoin began imposing trading fees following guidance from China’s central bank. That move triggered a broad decline in volume at these exchanges. This …

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Commonwealth Bank Develops Blockchain for Government Bonds

A major bank in Australia is developing a blockchain-based system for the sale of government bonds. The Australian Financial Reviewreported that Commonwealth Bank of Australia has designed a blockchain network concept that could be utilized to issue and exchange government bonds. The Queensland Treasury Corporation, which acts as the Australian …

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Bank of England Chief: DLT Could ‘Reshape’ Banking

Distributed ledger tech could “reshape” banking, Bank of England chief Mark Carney said today. The G-20 international organization is hosting a conference on finance and digitalization this week, with blockchain and distributed ledgers forming one of the event’s central themes. The event is being hosted in Germany, in the city …

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China’s Central Bank to Continue Bitcoin Exchange Inspections

China’s central bank plans to continue scrutinizing domestic bitcoin exchanges. The People’s Bank of China (PBoC) released its latest statement detailing how it would oversee the industry today, a move that comes weeks after it first began publicizing meetings with representatives from BTCC, Huobi and OKCoin. The PBoC went on …

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EU Securities Watchdog: Too Early to Predict DLT Impact

It’s too early to predict the full regulatory impact of distributed ledger technology (DLT), a representative of Europe’s securities watchdog argued this week. Patrick Armstrong, a senior risk analysis officer for the European Securities and Markets Authority (ESMA), made the comments during a speech at a securities industry event in …

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Hong Kong’s BitVC Adds Fees For Exchange Traders

Hong Kong-based bitcoin exchange BitVC announced an update to its trading fee policies today. Following news from last week that the exchange would add 0.2% to both sides of domestic bitcoin trades, BitVC said it will enact the same pricing for international users as other major bitcoin exchanges including BTCC, …

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‘Lack of Interest’: Freelance Market Fiverr Drops Bitcoin Payments

Freelancer marketplace Fiverr has discontinued bitcoin payments, citing a lack of interest. The marketplace made headlines in early 2014 when it partnered with Coinbase. At the time, the company said that it “will be in the forefront of marketplaces embracing this new digital currency and security standards”. Nearly three years …

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Deutsche Börse Unveils Bank Transfer Blockchain Project

Market operator Deutsche Börse has unveiled a new blockchain proof-of-concept focused on commercial bank cash transfers. Dubbed ‘CollCo’ (for ‘collateralized coin’), the project is designed to work in conjunction with Eurex Clearing, the clearing house utilized by Deutsche Börse. Using the Hyperledger Fabric project’s code as a basis, the firm …

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Bitcoin’s Price Unfazed as China’s Exchanges Add Fees

Bitcoin prices have remained largely unchanged so far today, fluctuating around the $900 mark despite the adoption of trading fees by three of the ecosystem’s largest exchanges. As previously announced, BTCC, Huobi and OKCoin implemented 0.2% trading fees for both buy and sell trades today, a policy change that, coupled …

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Huobi Adds Bitcoin Trading Fees on International Exchange

China-based bitcoin exchange Huobi has announced another update to its trading fee policies today. Following news from last week that the exchange would add 0.2% to both sides of domestic bitcoin trades, Huobi said it will enact the same pricing for international users via its BitVC platform. Huobi had previously …

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Identity Startup Cambridge Blockchain Raises $1.7 Million

Blockchain identity startup Cambridge Blockchain has raised more than $1.7m in new funding, public records show. According to a Form D published today by the US Securities and Exchange Commission, Cambridge Blockchain has raised $1,785,000 out of a total $2m, indicating that the startup’s funding efforts are ongoing. Previous SEC …

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Bank of Japan to Host Distributed Ledger Forum Next Month

Japan’s central bank is set to host an event focused on distributed ledger tech next month. The invite-only event, scheduled for 28th February, will be hosted at the Bank of Japan’s FinTech Center, founded last year as part of the institution’s push toward utilizing new technologies like blockchain. According to …

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