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Crypto exchange Gemini founders Tyler and Cameron Winklevoss have long sought the creation of a bitcoin exchange-traded fund. And while that process remains in flux, a company tied to the brothers has won another U.S. patent related to the creation of exchange-traded products tied to cryptocurrencies and digital assets. The patent was awarded to a …

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Too good to be true? That’s what some are wondering after Tether, the makers of the dollar-pegged crypto asset, USDT, made an announcement Wednesday insisting that its tokens – valued at $2.6 billion – are fully-backed by real cash (according to one law firm, at least). For months, Tether has fought accusations that it is …

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The U.S. government needs to find the “sweet spot” in its oversight of the cryptocurrency ecosystem, Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, said on Wednesday. Speaking at the Future of Fintech conference hosted by research and analysis firm CB Insights, Mulvaney, who also heads the Office of Management and Budget, touted his …

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Members of the House of Representatives, the lower chamber of the U.S. Congress, must begin disclosing cryptocurrency investments that exceed $1,000. The guidance was laid out in a June 18 memo drafted by the House Ethics Committee. According to the memo, the committee determined that cryptocurrencies are “other forms of securities for purposes of the EIGA …

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More than a million people signed up to trade cryptocurrencies in the days after mobile trading app Robinhood first announced the feature, co-CEO Vlad Tenev at the Future of Fintech conference on Wednesday. The co-founder of the investing app and web platform was bullish on bitcoin despite the price declines seen over the last few …

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Intel is working with blockchain startup Enigma to help secure its privacy-enhancing smart contracts. As previously reported by CoinDesk, secret contracts are a type of smart contract for public blockchains that use cryptographic tricks to keep transaction data hidden from view. Enigma – a startup that grew out of efforts at the Massachusetts Institute of Technology, with the …

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The U.S. Securities and Exchange Commission (SEC) is once again taking action against a co-founder of the PlexCoin cryptocurrency project, having previously sued him over securities violations and fraud in 2017. On June 15, the SEC obtained an emergency court order – unsealed on June 18 – to freeze the assets of Dominic Lacroix, who the agency called …

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Add Akon to the list of celebrities who are launching their own cryptocurrencies. The 45-year-old “Smack It” singer announced Monday at Cannes Lions International Festival of Creativity that he not only is launching his own crypto, “Akoin,” but also will use it in his Akon Crypto City, a 100 percent crypto-based city in Africa. First …

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Brazil could soon have a new blockchain platform to ensure the authenticity of information exchanged between financial authorities. Brazil’s central bank, Banco Central do Brasil (BCB), announced Tuesday that it has built the platform in order to allow secure data sharing between itself and other domestic financial regulators, such as the country’s Superintendency of Private Insurance …

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U.K.-based cryptocurrency futures trading platform Crypto Facilities is launching a litecoin (LTC) derivative product. According to an announcement on Wednesday, the new U.S. dollar-denominated service will go live on Friday, June 22, and will allow investors to long or short futures contracts that have litecoin as the underlying collateral, with weekly, monthly and quarterly maturities. Timo …

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On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. Although the breach may not be as significant as the $530 million hack of the Coincheck exchange earlier this year, the fact that Bithumb now ranks as the sixth biggest trading venue in …

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A group of industry stakeholders has developed a blockchain platform to transfer collateral to central counterparties when trading securities.  Stock exchange operator Nasdaq announced Tuesday that its clearing arm, along with securities services provider ABN AMRO Clearing and financial services firms EuroCCP and Euroclear, have developed a joint proof-of-concept (PoC) blockchain platform.  The aim, according …

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Bithumb, one of the largest cryptocurrency exchange in South Korea by trading volume, is halting asset deposit and withdrawal services after a hack that has stolen 35 billion won (or $31 million) worth of cryptos from the platform. The company said in an announcement today that the hack happened since late Tuesday night until early Wednesday …

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The countdown has begun for smart contracts protocol ICON’s June 20 token swap. On Wednesday, investors will swap their ethereum-based ICX tokens, used for project fundraising, for coins on a live version of the ICON blockchain, effectively exchanging all existing tokens in an elaborate code migration. Launched in 2017, ICON aims to connect independent blockchain communities, …

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The founder of a little-known cryptocurrency is making big waves. First leaked last week, more details emerged Tuesday on how Justin Sun, the founder of a controversial cryptocurrency project called Tron (with a market capitalization of more than $3 billion), is acquiring the file-sharing service BitTorrent for as much as $140 million. (A subsequent CoinDesk report …

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For Lloyd Blankfein, bitcoin just isn’t his thing. The Goldman Sachs chairman and CEO said in an interview on Tuesday that “it’s not for me” when asked about the world’s largest cryptocurrency by market capitalization. Appearing at the Economic Club of New York, he remarked: “I don’t do it. I don’t own bitcoin.” Blankfein has struck …

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Mining firm and blockchain software service company Bitfury wants to expedite blockchain development for traditional enterprise and business. Working toward this goal, the company announced today that it’s introducing Java binding for its blockchain service, Exonum. The soon-to-be-available binding comes with a software development kit that will allow developers to build private chains on Exonum …

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Peer-to-peer file sharing service BitTorrent seemingly pushed back against claims that it would begin using cryptocurrencies after being acquired by the Tron Foundation. In a statement posted to its website Tuesday, BitTorrent wrote that the company has “no plans to change” its business model and will not charge fees for any of its services. Further, …

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Brewing giant Anheuser-Busch InBev is aiming to shake up digital advertising supply chains with the help of blockchain technology. The world’s largest brewer has launched its first ad campaigns through the Kiip mobile marketing app, which uses ethereum’s blockchain to record and track data. The goal is to monitor and, eventually, expand the reach of a …

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Blockchain startup Circle has released new details about how it will select cryptocurrencies for its trading and investment platforms. On Tuesday, the firm published its Asset Framework, providing a rough outline of what aspects are evaluated when assets are added to the Poloniex cryptocurrency exchange, as well as its Circle Invest and Circle Trade product lines. These …

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