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Federal Judge Rules Bitcoin is Money in US Trial

A federal judge in New York has ruled that bitcoin constitutes a form of money. The ruling comes from the ongoing case involving the now-defunct Florida bitcoin exchange Coin.mx and one of its former operators, Anthony Murgio. Murgio, who was indicted on alleged money laundering charges in July of last …

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Brothers Face Jail Time for Stealing Power to Mine Bitcoins

Two brothers in the Netherlands face months in prison after allegedly siphoning power to fuel a small bitcoin mining operation, Dutch authorities say. The case dates back to 2014, when the brothers, whose names were not disclosed, are said to have been caught stealing electricity from a local utility provider …

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Italy Wants to Tax Speculative Bitcoin Use

New documents suggest Italy’s top tax office is treating bitcoin as a form of currency. Agenzia della Entrate, Italy’s top tax authority, released new information this month about its treatment of digital currencies, a publication that comes months after an EU court ruling regarding how value-added tax (VAT) would apply …

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Bank of England to Accelerate Blockchain Work

The UK’s newly opened FinTech accelerator is seeking additional ways to explore blockchain tech. Speaking during an event in London this week, the chief cashier of the Bank of England, Victoria Cleland, discussed the central bank’s efforts involving financial technology, including the founding of a startup accelerator focused on financial …

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Blockchain Support Bill Passes Vote in US Congress

The US House of Representatives has passed a non-binding resolution calling for a national technology innovation policy that includes supportive language for digital currencies and blockchain technology. Introduced in July, the resolution calls on the US government to craft a national policy for technology, with specific mentions for digital currencies …

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Can Blockchain Help America’s Veterans? One Lawmaker Thinks So

A member of the US House of Representatives has proposed that the country’s administration for veterans affairs use blockchain to track medical appointments. House Resolution 859, submitted on Monday, is directly aimed at providing a means for dismissing employees of the US Department of Veterans Affairs (VA), which oversees the …

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Australia to Lead International Blockchain Standards Effort

An Australian group has been selected by the International Organization of Standardization (ISO) to spearhead a technical committee developing standards for blockchain tech. Standards Australia announced its leadership role on the committee yesterday, revealing it will oversee members from 35 countries on the effort. The ISO, founded in the 1940s, …

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SEC to Discuss Blockchain at November Forum

The US Securities and Exchange Commission (SEC) is set to hold a public forum in mid-November during which blockchain and other financial technologies will be discussed. Up for debate is the existing regulatory environment and the impact of technologies like digital currencies. According to the agency, which in recent years …

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Momentum Grows for Blockchain Action in Washington

It’s been a big week for blockchain on Capitol Hill. While only Wednesday, the week has already seen the launch of the Congressional Blockchain Caucus (an effort led by Rep Jared Polis and Rep Mick Mulvaney), and the opening of the DC Blockchain Center, an information hub for policymakers. The …

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US Central Bank Chair: Blockchain Could Have ‘Significant’ Impact

During an appearance before a House of Representatives committee hearing today, Federal Reserve chairwoman Janet Yellen remarked that the US central bank is “trying to understand” financial technologies like cryptocurrencies and blockchain. Yellen was speaking before the Committee on Financial Services, during which she was asked by Rep. Mick Mulvaney …

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Blockchain Veterans Unveil Secure Smart Contracts Framework

Amid new concerns about the viability of blockchain smart contracts, one company is releasing a proposal that seeks to make it easier to ensure their security. Developed by Smart Contract Solutions, the open-source Zeppelin project aims to offer a community-driven framework for secure, audited code. The goal is to prevent …

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Vitalik Buterin to Debut Ethereum Scaling Paper at Devcon

Ethereum creator Vitalik Buterin will present a new version of the project’s ‘mauve paper’ at a developer conference in Shanghai next week. Scheduled for 19th September, a talk called “Mauve Revolution” will focus on scaling features still in development on the decentralized application platform, including sharding and proof-of-stake. The third …

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Ethereum’s Creator Proves Blockchain Scaling Vision is No Joke

“Okay, ethereum’s done, let’s go back to ethereum classic.” The jokes were frequent during ethereum creator Vitalik Buterin’s keynote at the project’s Shanghai developer conference, Devcon2, on Monday. There, despite the complexity of the technical changes the project will face in the years ahead (and the controversies in recent past), …

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Santander Vies to Become First Bank to Issue Cash on Blockchain

Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain. Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer Roman Mandeleil, the news was confirmed by representatives of Santander. In statements, …

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Nasdaq Veteran Joins Ethereum Foundation as Security Lead

Nasdaq information security specialist Martin Holst Swende has officially joined the Ethereum Foundation as its full-time security lead. Despite it being one of his first days on the job, Swende was highly visible at Devcon2, the non-profit’s annual conference, on Tuesday. There, he moderated a panel on smart contract security …

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Thomson Reuters Demos New Ethereum Blockchain Use Cases

Microsoft wasn’t the only financial firm to voice its interest in ethereum today. At the software project’s annual developer conference, Devcon2, Thomson Reuters research scientist Dr Tim Nugent revealed a number of early-stage projects that the media giant is building on the decentralized application development platform. At the day’s final …

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World’s Largest Mining Company to Use Blockchain for Supply Chain

The world’s largest mining firm by market value intends to begin using the ethereum blockchain to improve its supply chain processes. BHP Billiton revealed at the second annual Global Blockchain Summit that it will use blockchain to record movements of wellbore rock and fluid samples and better secure the real-time …

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