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CRYPTO


Bitcoin, the world’s largest cryptocurrency by market capitalization, has jumped 6.6 percent, pushing prices above $6,600 for the first time in weeks. At 01:00 UTC, just after Tuesday’s close, the cryptocurrency leapt $428 over the course of 20 minutes to cross the threshold for the first time since July 24, according to CoinDesk price data. Bitcoin …

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The total market capitalization for all cryptocurrencies just fell to its lowest point in 2018. The developments come after the US Securities and Exchange Commission (SEC) delayed a decision on a proposed bitcoin exchange-traded fund (ETF). The news triggered a market reaction, ultimately sending the total value of all cryptocurrencies down to $228,528,969 on Wednesday – the …

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The price of XRP, the world’s third-largest cryptocurrency by market capitalization, fell to a new 2018 low on Wednesday. Data from Bitfinex shows the cryptocurrency dropped to $0.35 – seven cents from the previous yearly low of $0.42 in July. Indeed the current price stands at its lowest level since December 12, 2017, days before …

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Bitcoin bears may be in the midst of taking an upper-hand. At press time, BTC is changing hands at $7,536 on Bitfinex, down 6.9 percent on the day, a figure that also finds the price breaking a key support level at $7,800. The world’s largest cryptocurrency by market capitalization has been largely confined to a narrow price …

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“Hey … this is Craig Wright.” It wasn’t, but that was far from the strangest part of the conversation. Thus began CoinDesk’s attempts to determine the identity and intent of the individuals behind “Pied Piper Coin,” a parody Twitter account inspired by the HBO series “Silicon Valley.” Chronicling a plucky startup that suffers hilarious slings and arrows …

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South Korea’s National Assembly is reportedly set to witness a whirlwind of legislative efforts around cryptocurrencies in the coming days. Between July 13 and 26, members of a number of Korean political parties are expected to submit bills focused on regulating cryptocurrencies, initial coin offerings and blockchain, according to a report from The Korea Times. Among …

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Facebook appears to be getting more serious about blockchain, having recently named an engineering director dedicated to the technology. The social media giant has appointed one of its senior engineers, Evan Cheng, as its first “director of engineering, blockchain.” The new position was first reported by TechCrunch and confirmed by Facebook on Thursday. According to …

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Bittrex, a U.S.-based cryptocurrency exchange platform, and invest.com, a fintech startup based in London, are set to launch a new EU-focused crypto trading platform. The collaboration, announced Thursday, aims to provide cryptocurrency investors with “the ultimate platform to trade cryptocurrency in a safe and secure environment,” according to a press release. The firms will leverage …

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Zug, a city in Switzerland known as the “Crypto Valley,” has successfully completed its first test of a local blockchain-based voting system. As CoinDesk reported on June 11, the Swiss city launched an e-voting pilot platform built on blockchain technology as part of the city’s efforts to embrace the technology. The voting process took place …

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The popular adult entertainment website Pornhub has announced that it will accept two other cryptocurrencies – Tron and ZenCash – as payment. The integration marks the latest crypto-play by the site, which added a payment option for the cryptocurrency Verge in April. Wednesday’s news, first reported by Variety, was confirmed by Pornhub spokesperson Chris Jackson. Users …

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Japan’s top financial official is cautious about the idea of his nation changing how it taxes gains from cryptocurrencies. During a meeting with the budget committee of the Upper House on June 25, Senator Kenji Fukimaki asked whether Japan’s tax policy on cryptocurrency profits could be changed from its current “miscellaneous income” classification to “separate …

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Facebook is easing its ban – sort of – on ads related to cryptocurrency. The social media giant has launched a “cryptocurrency products and services onboarding request” form that will allow some companies to get their ads on the platform, according to a blog post published Tuesday. Facebook, however, won’t allow advertisements for initial coin offerings …

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Florida is set to have its own cryptocurrency czar. The Sunshine State’s chief financial officer, Jimmy Patronis, said in a statement Tuesday that he has created a new position to supervise the state’s cryptocurrency industry. He explained that the new overseer will be tasked with enforcing applicable regulations to protect investors from potentially malicious actors. “Florida …

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Lawmakers in the U.S. House of Representatives have passed a bill that, if signed into law, would approve a study of the use of cryptocurrencies in the sex and drug trades. As CoinDesk reported earlier this month, the bill instructs the director of the Government Accountability Office (GAO) to research “how virtual currencies and online …

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An official for the U.S. Secret Service last week called on Congress to weigh potential legislative action on cryptocurrencies that boast privacy-enhancing features. Speaking before the U.S. House of Representatives Committee on Financial Services, Robert Novy, deputy assistant director for the Service’s Office of Investigations, stated that “congressional attention” on the issue is needed. “We should also …

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An official for the U.S. Secret Service called on Congress to weigh potential legislative actions on cryptocurrencies that boast privacy-enhancing features last week. Speaking before the U.S. House of Representatives Committee on Financial Services, Robert Novy, deputy assistant director for the Service’s Office of Investigations, stated that “congressional attention” on the issue is needed. “We should …

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Quebec’s public power utility has submitted plans to the provincial government that could clear the way for Hydro-Quebec to set up a new framework through which to work with cryptocurrency miners. The plan, if approved, would create a selection process by which Hydro-Quebec will parcel out 500 megawatts worth of power to crypto miners. In …

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John McAfee, the cybersecurity tycoon-turned-cryptocurrency promoter said Tuesday that he will end his work on initial coin offerings (ICOs). In a tweet, McAfee cited “SEC threats” when revealing that he would stop working on token sales or recommend them to his 800,000-plus followers on Twitter. It represents the end of what was reportedly a notable line …

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The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. The subject came up during an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Friedman remarked, adding: “If we do look at it …

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January 12, 2018 – By Adrian Erickson Etherparty (FUEL) had a good 24 hours as the cryptocurrency jumped $0.0256 or 7.66% trading at $0.3598. According to Crypto Analysts, Etherparty (FUEL) eyes $0.39578 target on the road to $0.647058671094505. FUEL last traded at HitBTC exchange. It had high of $0.49 and low of …

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