Monthly Archives: October 2018

Venezuela Officially Launches State-Owned Petro Coin

Cryptocurrency, Petro Coin–In a move that could have potential ramifications for cryptocurrency and economies around the world, Venezuela has officially launched the first state-backed “cryptocurrency” in the form of the Petro coin. While numerous questions remain surrounding the legitimacy of the currency, a move that many see being carried out in both desperation and an attempt to capitalize on the crypto/blockchain fever that has overtaken fintech markets during the last year–Venezuela’s government will provide a sandbox for how crypto integration should and should not be conducted going […]

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Binance Freezes Funds on Multiple Accounts with Dubious Crypto Exchange

Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns. The CEO of Binance went on Twitter recently to announce the freezing of multiple accounts owned by Wex, claiming that Binance will cooperate with law enforcement in any way possible should a criminal investigation result from alleged money laundering. Wex, a Russian-based cryptocurrency exchange, has had a troubled history, to put it mildly. Going formally under the name of btc-e, it drew community unrest when its alleged operator, Alexander Vinnick, was arrested. […]

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MobileGO Joins Xsolla to Deliver More In-Game Payment Options

The MobileGO project is known for its incredibly successful sale of MGO tokens. It resulted in $53 mln raised by the company’s users. The reach of this milestone allowed the MobileGO team to expand its services. The expansion strategy led to the mutual partnership with one of the most significant players in the gaming industry — Xsolla. It is one of the largest billing platforms for gamers. The Xsolla team is successfully processing millions of transactions per day. Its active user base has recently reached the impressive […]

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October Volume Report: Weakest Monthly Trading Activity of 2018

On the eve of the 10th anniversary of the initial publication of the Bitcoin whitepaper, the cryptocurrency markets recorded their weakest month for trading volume in all of 2018. Most of the leading markets saw a significant decline in trading activity throughout October, but NEO, TRX, QTUM and ZEC posted month-over-month volume increases. Also Read: Venezuela Begins Public Sale of National Cryptocurrency Petro BTC, USDT, ETH and EOS Hit Lowest Points of the Year In the last 30 days, approximately $109.5 billion worth of BTC has changed hands, […]

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ERC-20 Co-Author Proposes New ICO Model to Protect Investors from Fraudulent Token Sales

Ethereum developer and co-creator of the ERC-20 token standard has introduced a new concept for ICOs to better protect investors. The Ethereum (ETH) developer that co-authored the ERC-20 token standard has introduced a new model for Initial Coin Offerings (ICO), Czech business news outlet Kurzy reports Oct. 31. Speaking at Ethereum’s annual Devcon conference in Prague Oct. 30, Fabian Vogelsteller, also the main developer of decentralized application (DApp) browser Mist, proposed a new approach for running ICOs that he claims will better protect investors. Vogelsteller described the […]

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Move Over Smallville: Drama and Myths of Crypto Come to Life in New Comic Book Series

sponsored A company is creating a comic book universe for crypto with a view to educating readers, entertaining them, and establishing a new raft of collectibles. Move over DC and Marvel: a fledgling company wants to create a comic book universe where crypto and blockchain are at its center – building an immersive experience for readers with a whole new suite of coveted collectibles. Tokenville says comics offer an exciting format for entertaining crypto enthusiasts, not to mention enlightening those who are new to the community. It […]

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Cryptocurrency Faces Blanket Ban in India

India appears set to completely ban cryptocurrency operations within its borders, judging from the latest reports issued by government officials. Cryptocurrency Ban is Imminent On Tuesday (October 30), during a meeting of the Financial Stability and Development Council (FSDC), one of the agendas included digital currency. As reported by Quartz India, Arun Jaitley, India’s finance minister, chaired the meeting. The banking industry and the markets regulator were also well represented at the FSDC meeting. Also, Subhash Chandra Garg, secretary, department of economic affairs and chairman of a […]

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CMC Markets Adds Bitcoin Cash to Cryptocurrency Offering

CMC Markets, a U.K.-headquartered financial derivatives brokerage with shares listed on the London Stock Exchange, revealed on Tuesday that it has expanded its cryptocurrency offering to include bitcoin cash (BCH), as well as litecoin (LTC) and ripple (XRP). Also Read: How to Easily Give BCH as Gifts in Halloween Trick-or-Treat Packages CMC Markets Responds to Demand The roughly 60,000 clients that CMC Markets serves around the world can now start taking positions on the three additional cryptocurrencies paired against the U.S. dollar. The move follows the brokerage’s […]

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Indian Officials Consider Ban on “Private Cryptocurrencies”

Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation. On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.” The council seemed deeply concerned about “the need for identifying and securing critical information infrastructure,” under the guise of “strengthening security in the financial sector.” To this end, the report mentioned a deliberation “on […]

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EY Prototype Allows Private Transactions on Ethereum’s Blockchain

In a bid to lower the barriers to mainstream adoption of blockchain technology, professional services giant Ernst & Young (EY) has launched a solution that it claims will allow companies to transact privately on Ethereum’s blockchain using zero-knowledge proof (ZKP). Dubbed the EY Ops Chain Public Edition (PE), the solution will reportedly allow enterprises to issue and sell product tokens on a “public blockchain with private access to their transaction records.” This announcement comes on the heels of EY’s launch of the EY Ops Chain, a set […]

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