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New code is set to be released that would make obsolete the mining hardware designed by chip maker Bitmain for the decentralized storage protocol siacoin. Revealed in an email obtained by CoinDesk, Obelisk, a startup that aims to offer alternative mining equipment for the protocol, has proposed code would give those running the software the …

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Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners. Also participating in the round were Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group, among others. The round raises Axoni’s total venture capital funding to over $55 million to date, …

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A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football. Called the Crown League, the project’s owner told CoinDesk on Tuesday that it seeks to form a professional fantasy football league, with 12 teams initially, which will collectively be owned by fans via the platform’s crypto tokens. …

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The Jamaica Stock Exchange (JSE) has announced that it will soon be offering cryptocurrencies as tradeable assets for its clients. The company said Tuesday that it had signed a memorandum of understanding (MoU) with blockchain startup Blockstation for the creation of a new digital assets trading platform. While it is not clear which tokens will …

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Mobile payments firm Square now lets customers buy and sell bitcoins via its Cash App in all 50 U.S. states. The company – which was co-founded by Twitter chief executive Jack Dorsey – announced the service expansion through a Tweet on Monday, months after the firm initially rolled out the bitcoin service to investors in …

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South Korea’s Jeju island is seeking to become a free zone for initial coin offerings (ICOs) – a plan, if approved, would allow crypto projects to conduct token sales in the self-governing province despite the country’s tough stance on the issue. Korean news outlet JoongAng Daily reported on Monday the governor of the Jeju province …

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The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world’s largest cryptocurrency within 2 percent of its 2018 low.  At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24. …

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XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday. At 00:01 UTC, just after Monday’s close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since …

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A draft proposal by the European Parliament’s Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs), according to a document published Friday. Ashley Fox, a Member of the European Parliament (MEP) representing the United Kingdom, wrote a draft report on proposed regulations for Europe’s crowdfunding platform operators and companies. …

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Marvel is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation of Wakanda from the Black Panther film. The comic book giant’s subsidiary, Marvel Characters, filed for extensions with the U.S. Patent and Trademark Office to receive more time before deciding whether it will oppose the …

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Barbados-based blockchain startup Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten (CBCS) to look into issuing a central bank-backed digital currency for the two nations. Bitt, a portfolio company of Overstock’s Medici Ventures, said Monday that it has signed a memorandum of understanding (MOU) with the central bank for the Dutch Caribbean …

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Bitcoin (BTC) jumped to seven-month highs against Turkey’s national currency, the lira (TRY), on Monday. The price spike comes after the U.S. imposed sanctions against Turkey on Friday for continuing to hold an American pastor in custody. The resultant economic shock-wave has seen the lira drop to a new lifetime low of 7.20 TRY against …

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Regtech and compliance startup iComply has just completed a seed funding round led by former Standard and Poor’s president Deven Sharma. The firm – which seeks to develop standard compliance tools and services for other blockchain startups and in particular those which launch initial coin offerings or ICOs – announced Monday that it raised a seven-figure …

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A governmental committee comprised of Saudi Arabian regulators has issued a statement clarifying that cryptocurrency trading is illegal in the kingdom. According to a statement issued Sunday, the standing committee warned against trading in cryptocurrencies due to “negative consequences and high risks on traders as they are out of government supervision.” It went on to clarify: …

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Blockchain-based social network Minds is migrating its platform to the ethereum network, the startup announced Monday. After roughly four-and-a-half months on its Rinkeby test network, the startup will be moving to ethereum for its full live launch. The firm claims to provide a censorship-resistant, accessible social network for users, especially those in potentially authoritarian nations, …

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The Chinese government moving to make blockchain literacy the norm across public offices with the publication of an explainer for officials and members of the Communist Party. Released by the publishing house of the People’s Daily – the party’s news outlet – the book is titled “Blockchain – A Guide for Officials”, according to a …

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A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand that drew public attention due to the alleged involvement of a Thai film actor. According to a media report from Bangkok Post on Monday, a group of Thai people approached and solicited Finnish businessman Aarni Otava Saarimaa in …

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Two newly-published patent applications from Microsoft suggest that the software giant is looking at the use of trusted execution environments, or TEEs, within its blockchain offerings. But what exactly is a TEE? According to information gathered from two filings published by the U.S. Patent and Trademark Office Thursday, a TEE is specified to store “a …

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It was an expected result at an unexpected time. The news broke on August 7 that the U.S. Securities and Exchange Commission (SEC) is kicking the can on its decision to approve or disapprove a proposed rule change that would let the Cboe BZX Exchange list a bitcoin exchange-traded fund (ETF). Now, the next deadline for …

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The Financial Crimes Enforcement Network (FinCEN) receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a top official said Thursday. FinCEN director Kenneth Blanco, speaking at the Chicago-Kent Block (Legal) Tech Conference, discussed the role his agency takes in regulating cryptocurrencies. He noted that while cryptocurrencies can prove beneficial for certain use …

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