China to Coordinate Against ”3,000 Fake Blockchain” Platforms

China Central Bank Identifies ”3,000 Fake Blockchain” Platforms - Law Enforcement to Coordinate Against CybercrimeThis week China’s central television (CCTV 2) reported the Peoples Bank of China (PBOC), its Ministry of Public Security, in coordination with other regulatory agencies, will work to combat cybercrime often in the disguise of financial innovation.  Also Read: Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors 2,000 Tokens, 3,000 Knockoff Platforms The People’s Bank of […]

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Companies Deny Having Bitcoin or Blockchain Services Amid China’s Clampdown

Companies Deny Having Bitcoin or Blockchain Services Amid China’s ClampdownAfter Xunlei was questioned about Initial Miner Offerings (IMO), multiple public companies clarified that they did not and will not tap into the blockchain space. A Shenzhen-based bitcoin miner manufacturer issued a statement saying the business hasn’t generated much profit for the company. Also Read:China’s Regulatory Authority Warns About Risks of Initial Miner Offerings Produce […]

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Metropolitan Bank Ceases Cryptocurrency-Related International Wires

Metropolitan Bank Ceased Cryptocurrency-Related International WiresMetropolitan Bank Holding Corp (NYSE: MCB), one of the fastest growing banks in the United States, is used by a number of major cryptocurrency exchanges. But the NYSE traded bank has ceased all cryptocurrency-related international wires effective immediately, according to a Fortune report. Also Read: Whistleblower Details Big Bank’s Plans to Prohibit Employees Owning Bitcoin “The Bitcoin […]

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Small Washington Town is Becoming a Bitcoin Mining Epicenter 

Small Washington Town is Becoming a Bitcoin Mining Epicenter Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency? Also Read: How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss Mining Boom in A […]

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China’s Regulatory Authority Warns About Risks of Initial Miner Offerings

China's Regulatory Authority Warns About Risks of Initial Miner OfferingsNational Internet Finance Association of China (NIFA) this Friday announced that IMOs (Initial Miner Offerings), represented by the token Wankebi and issued by Xunlei (NASDAQ: XNET), are ICOs in disguise and have emerged as a potentially risky model that warrants vigilance. Also Read: Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations Risk Alert on […]

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A Visual Comparison Between Bitcoin and Other Markets

A Visual Comparison Between Bitcoin and Other MarketsThe market cap of cryptocurrencies, the world’s fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonald’s. Still, it looks tiny compared to other global markets. Also Read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland The site The […]

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Kentucky Fried Chicken Canada Launches “Bitcoin Bucket”

Kentucky Fried Chicken Canada Launches “Bitcoin Bucket”Bitcoiners in the past few days have witnessed mainstream media spreading rumors about South Korea’s ban on cryptocurrency. This, as always, caused some panic selling. But hey, don’t be upset. Colonel Sanders is here to spread some fried chicken joy amid the crypto bloodbath. KFC Canada tweeted today they are accepting Bitcoin for the finger […]

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New Year, New Forks: World Bitcoin and Bitcoin Candy Expected Soon

New Year, New Forks: World Bitcoin and Bitcoin Candy are Expected SoonThe fork of Bitcoin Cash sparked a wave of airdrops and bitcoin-related fork projects in 2017. A new project, World Bitcoin (WBTC), is to fork at block 503,888 on or around January 12. Unlike other hard forks introducing new features to overcome Bitcoin’s limitations, WBTC will focus on building a ”global application infrastructure”, according to its […]

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Bitcoin Investor Sues Huobi Over ¥400,000 in Losses

Bitcoin Investor Sues Huobi Over ¥400,000 in LossesA bitcoin investor sued the Huobi exchange to recover 400,000 yuan he lost while trading. Also Read: Thailand’s Regulators Allow Bitcoin Futures Trading Too Much Pressure Trading Bitcoin Wang Tieliang filed a lawsuit against Huobi and its two partners in Beijing to invalidate his bitcoin trades on the exchange. According to Wang, he deposited 1.4 million yuan […]

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Blockexplorer.com Declares a Preference for Bitcoin Cash Over “Blockstream Fork”

Blockexplorer Announced to Refer Bitcoin Cash the Only BitcoinBlockexplorer.com has announced that it will henceforth refer to Bitcoin Cash as Bitcoin only and the “Blockstream fork of bitcoin” as Bitcoin Legacy.  Also Read: Michael Novogratz $400 Million Bet: Form Giant Crypto Merchant Bank An Evolutionary Dead End Blockexplorer.com, which provides detailed information about bitcoin blocks, addresses, and transactions, will be supporting Bitcoin Cash over […]

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