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Chinese School Principals Caught Mining Ethereum At Work

Two principals at a Chinese school got in hot water after stealing power from the institution to mine the ethereum cryptocurrency. According to a report from Hong Kong news outlet HK01 on Wednesday, Puman Middle School in Hunan province had been experiencing higher than normal noise levels from its computers …

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Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork

An experimental market on a major crypto exchange suggests that bitcoin cash users may favor the more established version of the software, Bitcoin ABC, ahead of an expected fork this month. Due to the technical design of the cryptocurrency, currently the fourth-largest by market capitalization, bitcoin cash users must “hard …

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SEC Charges EtherDelta Founder Over ‘Unregistered Securities Exchange’

The U.S. Securities and Exchange Commission (SEC) has charged Zachary Coburn, the founder of crypto token trading platform EtherDelta, with operating an unregistered securities exchange. The regulator said Thursday that EtherDelta, which acts as a secondary market for trading ERC-20 tokens, had been providing a marketplace for buyers and sellers …

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Korean Lawyers Urge Government to Draw Up Blockchain Rules

The body governing South Korean lawyers has called on the government to hasten the introduction of blockchain regulations. According to a report from Reuters on Thursday, the Korean Bar Association said the government should “quickly” develop blockchain laws in the country to help develop the tech industry and protect investors. …

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Texas Regulators Enter Emergency Stop Against Crypto Mining Firm

The Texas State Securities Board entered an emergency cease-and-desist on Tuesday against a cloud mining company based in Australia that it said was selling unregistered securities. In the order, Texas securities regulators claim that Automated Web Services Mining (otherwise known as AWS Mining), AWS Mining PTY LTD., a number of …

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Coinbase Offers $5k Egg-Freezing Benefit in Bid to Retain Talent

Silicon Valley cryptocurrency unicorn Coinbase has taken an unusual and expensive step to recruit and retain diverse employees. Since March 2018, Coinbase has quietly offered to cover up to $5,000 a year for treatments like egg-freezing through the fertility benefits startup Carrot. This employee perk, which helps women conceive children …

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BBVA Puts $150 Million Syndicated Loan on Ethereum Blockchain

Spanish banking giant BBVA has completed a pilot that put a syndicated loan for $150 million on the blockchain. According to a report from the Financial Times on Wednesday, the bank arranged the loan for Red Electrica, Spain’s national electrical grid operator. A syndicated loan is one, where a group …

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Salesforce Wins Patent Tackling Email Spam With Blockchain

Software giant Salesforce has won a patent outlining how a blockchain-based platform can be used to prevent spam or other unwanted emails from plaguing people’s inboxes. According to a document published Tuesday by the U.S. Patent and Trademark Office, a blockchain-based platform can be leveraged to check whether emails are …

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Hackers Breach Popular Web Analytics Site to Target Crypto Exchange

Cryptocurrency exchange Gate.io was apparently the target of hackers who compromised a widely used web analytics platform this week. According to a report from internet security firm ESET on Tuesday, bad actors compromised Ireland-based web analytics site StatCounter, in an attempt to steal bitcoin from the exchange’s customers. The attackers …

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US Election Sees Crypto-Friendly Politicians Win Governor Races

The U.S. 2018 midterm elections saw crypto-friendly lawmakers securing governorships in three states, while maintaining two others. Three new governors and two incumbent are ranked as very crypto-friendly, according to data compiled by the Digital Asset Trade Association (DATA), a blockchain advocacy group. The organization sent surveys to most gubernatorial …

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CFTC Chair Says Distributed Ledger Tech Can Aid Market Watchdogs

Advances in financial technology may be useful for improving the regulation of derivatives markets, Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo said Wednesday. Speaking at the D.C. Fintech Week Conference at Georgetown University, Giancarlo highlighted distributed ledger technology (DLT) and how it could be leveraged to automate certain …

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Bitcoin Cash Price Climbs 11% to Hit 2-Month High

The price of bitcoin cash rose more than 11 percent on Tuesday, pushing its price to a new two-month high. Market data shows that the cryptocurrency’s price has risen 30 percent since Sunday, and is currently trading at roughly $623. Bitcoin cash is the fourth-largest cryptocurrency by market capitalization, CoinMarketCap …

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Up $100: Bitcoin Price Indicators Grow Increasingly Bullish

Bitcoin (BTC) looks likely to inch higher toward $6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours. Notably, the 14-day relative strength index (RSI), which measures the speed and change of price movements, has jumped to 59.04 – the highest level since …

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Crypto Exchanges Line Up to Support Bitcoin Cash’s Hard Fork

Six of the top 10 crypto exchanges by bitcoin cash (BCH) trading volume have announced plans to support the cryptocurrency’s upcoming hard fork on Nov. 15. Bitcoin cash’s roadmap includes upgrades to its core code every six months, but disagreement over some changes to the network have raised the specter …

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Crypto Mining Tech Firm Bitfury Closes $80 Million Funding Round

Cryptocurrency mining technology firm Bitfury Group has just closed an $80 million funding round led by venture capital firm Korelya Capital. Also participating in the private placement were investors such as Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and others, according to a Bitfury press release. Advising …

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Hackers Behind Zaif Crypto Exchange Theft May Have Been Exposed

Cybersecurity experts at Japan Digital Design, a subsidiary of Mitsubishi UFJ Financial Group (MUFG), say they’ve found possibly revealing information on the bad actors behind the $60 million hack of Japanese crypto exchange Zaif. The company announced in a press release Monday, that it has been investigating the outflow of …

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