Former Russian Economics Minister Sees Huge Potential for Cryptocurrency

Former Russian Economics Minister Sees "Huge" Potential for CryptoHerman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to […]

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Weak Demand for Mining Hardware Impacts TSMC’s Growth Outlook

During a recent Q3 earnings call, the world’s largest producer of semiconductors, Taiwan Semiconductor Manufacturing Company (TSMC), forecasted weakening growth for the rest of 2018 due to declining demand for cryptocurrency mining hardware. This outlook comes despite anticipating a significant increase in demand for its 7-nanometer processing chips from the high-end smartphone industry. Also Read: […]

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Bitconnect Faces Consolidated Class Action Complaint

Bitconnect Faces Consolidated Class Action ComplaintMore than a dozen lawsuits targeting Bitconnect have been merged into a single case, following the submission of an Amended Consolidated Class Action Complaint on Thursday. The newly combined complaint has been filed with the U.S. District Court for the Southern District of Florida. Also Read: Venezuela Authorizes 6 Exchanges to Sell National Cryptocurrency Petro Amendment […]

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US Marshals Service Announces Auction of 660 BTC

US Marshals Service Announces Upcoming Auction of 660 BTCThe United States Marshals Service (USMS) has announced an auction of 660 BTC that is scheduled to take place on Nov. 4. Under the auction rules, interested participants must formally identify themselves to the USMS and submit deposits of $200,000. Also Read: Trump Tariffs to Impact Chinese Mining Hardware Manufacturers USMS to Auction Forfeited BTC in […]

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Trump Tariffs to Impact Chinese Mining Hardware Manufacturers

Trump Tariffs to Impact Chinese Mining Hardware ManufacturersThe escalating U.S. – China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent. Also Read: Former CFTC Chair Advocates ‘Tech Neutral’ Cryptocurrency Regulations  Harsh Hardware Duties In June, the Office of the United […]

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Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations

Former CFTC Chair Advocates "Technology Neutral" RegulationsThe former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States […]

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Hong Kong Regulator: Cryptocurrencies ‘May Not Qualify as Securities’

Hong Kong Regulator: Cryptocurrencies 'May Not Qualify as Securities'Cryptocurrency falls into a legislative gray area in many jurisdictions, which is why governments should take a particularly nuanced approach to developing regulatory frameworks for crypto trading, the outgoing chairman of Hong Kong’s securities regulator said in a recent interview. Also Read: Fidelity Launching Crypto Custody and Trading Services Key Challenge for Legislators “We have to […]

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Coinfloor Obtains DLT Provider License in Gibraltar

Coinfloor Attains "DLT Provider" Licensing in GibraltarCoinfloor, the oldest operational cryptocurrency exchange in the U.K., has become the first company to secure a distributed ledger technology (DLT) license in Gibraltar. Also Read: 19 Companies Licensed to Operate Crypto Exchanges in Philippine Economic Zone British Overseas Territory Recognizes First Offshore Crypto Entity The London-based crypto exchange, which is backed by Transferwise founder Taavet […]

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Canaan Creative Announces New Avalonminer A911 Mining Rig

Canaan Creative, the world’s second largest manufacturer of cryptocurrency mining hardware, has announced a new mining rig, the Avalonminer A911, alongside plans to develop a mining heater and portable miner. The company has also purportedly expressed its intention of developing a 5nm mining chip. Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is […]

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Fincen Claims Iran Is Using Crypto to Evade Sanctions

ranian Bitcoin Transactions Estimated at $3.8M Since 2013The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian […]

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