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Australian Watchdog Received 1,200 Crypto Scam Complaints in 2017

Australia’s consumer watchdog has reportedly received over 1,200 complaints about cryptocurrency scams in 2017. According to the ABC’s current affairs program 7.30, data obtained from the Australian Competition & Consumer Commission’s (ACCC) Scamwatch program indicated it received 1,289 complaints related to crypto fraud in 2017. Losses totalling $1,218,206 were also …

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Record Retest? ETC Looks Poised on Double-Digit Climb

ETC, the native currency of the ethereum classic blockchain, looks set to retest record highs, having now formed a base above $30. As of writing, ETC is changing hands at $37.90, as per data source OnChainFX. Yet, the crypto asset has appreciated 16 percent in the last 24 hours, and …

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$850 Million Raised in ICO So Far, Says Telegram

Messaging app provider Telegram says it has raised $850 million in the first part of its controversial initial coin offering (ICO), public records show. If confirmed, the raise is by far the largest seen for any ICO to date. According to CoinDesk’s ICO Tracker, the previous record was the token …

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Lithuania’s Central Bank Probes 100 Million Euro ICO

Lithuania’s central bank announced last week that it is probing a domestic initial coin offering (ICO) after determining that the token offered counts as a security. In a Feb. 15 statement, the Lietuvos Bankas said it had made contact with blockchain banking firm Bankera regarding its token sale, which was …

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Banks Buy Stakes in Blockchain Startup SETL

Financial services group Citi has bought a stake in blockchain startup SETL. The move, announced today, comes less than three weeks after the French banking institution Credit Agricole also became a minority shareholder. Other investors in the startup include Computershare, Deloitte, and banking company S2iEM. SETL noted that Computershare had …

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Long Blockchain Is At Risk for Exchange Removal Again

Long Blockchain, the beverage company-turned-crypto-firm, is facing a delisting from the Nasdaq stock exchange, public records show. The reason lies in Long Blockchain’s sliding stock price, which rose to nearly $7 in December after a strong market response following its crypto-pivot. Now trading below $4, the company’s press-time market capitalization …

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Ethereum Game CryptoKitties Now Has Some Serious Rivals

Some people just aren’t that into digital cats. Once the only major ethereum application (or dapp) to see a large number of users trading “crypto collectables,” CryptoKitties is seeing new competition from projects seeking to issue their own tradable code on the blockchain. Zombies, countries – even crypto celebrities – …

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Doge Is Helping Ethereum Solve Its Biggest Issue

A cryptocurrency modeled after a dog meme is proving yet again it’s not just a joke. Created on a whim in 2013, dogecoin isn’t simply still around, it’s playing a crucial role in the ongoing testing of at least one “serious” technology. In fact, on February 5, it notably factored …

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The Real Problem With Nocoiners

Marc Hochstein is the managing editor of CoinDesk. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. A nocoiner, according to Urban Dictionary, is someone who has no bitcoin. But not everyone who has no bitcoin is necessarily a nocoiner. Rather, …

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Bancor Bounce Back? ICO Is Winning Adoption

When Bancor held its initial coin offering (ICO), it raised a lot of money and a lot of questions. Now, eight months on, the project seems to have found a role in the market. Announced last week, the Tel Aviv-based project, aimed to make it easier for people to launch …

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Coinbase. Ripple. Uphold? Investor Greg Kidd Defends Bold Bet

“I don’t know if we each have a destiny, or if we’re all just floatin’ around accidental-like on a breeze, but I, I think maybe it’s both.” The well-known quote from the Academy Award-winning movie “Forrest Gump” seems to sum up tech investor Greg Kidd’s life, and he even says …

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Dogecoin Is Helping Ethereum Solve Its Biggest Issue

A cryptocurrency modeled after a dog meme is proving yet again it’s not just a joke. Created on a whim in 2013, dogecoin isn’t simply still around, it’s playing a crucial role in the ongoing testing of at least one “serious” technology. In fact, on February 5, it notably factored …

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No, Not All ICOs Are Securities

Paul Paray is an attorney in Allendale, New Jersey, focused on privacy and technology matters. In his Feb. 8 opinion piece for CoinDesk, Santander’s Julio Faura suggests that “utility tokens are a bad idea” because it would be a “lie to ourselves” to suggest initial coin offerings (ICOs) were not …

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FCC: Bitcoin Miner Interfered With T-Mobile Network

The U.S. Federal Communications Commission (FCC) warned a New York City resident this week that his bitcoin mining hardware was interfering with a broadband network operated by T-Mobile. The FCC issued a “Notification of Harmful Interference” to Victor Rosario, dated Feb. 15, informing him that the Commission received a complaint …

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The CryptoKitties Competitors: 4 Ethereum Games That Are Catching Up

Some people just aren’t that into digital cats. Once the only major ethereum application (or dapp) to see a large number of users trading “crypto collectables,” CryptoKitties is seeing new competition from projects seeking to issue their own tradable code on the blockchain. Zombies, countries – even crypto celebrities – …

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In 10 Years We Won’t Have Blockchains

Will Murphy is the vice president for blockchain at of Talla.com, the company behind Botchain, a blockchain for managing autonomous intelligent agents. I predict that in 10 years blockchain technology will improve to a level that calling it “blockchain” will no longer be a useful term. Let’s think about this …

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Pullback on Hand? Bitcoin Shows Weakness Above $10K

Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures. The cryptocurrency rose above $10,000 at 17:29 UTC yesterday, but ran into offers at $10,218 and dropped to $9,865.29 at 21:59 UTC. Another attempt to score gains above the $10,000 mark ran …

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Japan’s Finance Watchdog to Inspect 15 Unlicensed Crypto Exchanges

The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack. According to the Japan Times, the country’s financial services minister Taro Aso said at a news briefing that on-site inspections will take place at the exchange providers that …

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