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Zheshang Bank, one of the largest privately held commercial banks in China, has completed an issuance of securities worth $66 million using its proprietary blockchain platform. Based on public documents, the bank filed a prospectus with the Shanghai Clearing House on Aug. 13 saying it would back the securities with a portfolio of account receivables …

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A promoter of the controversial cryptocurrency platform BitConnect was arrested on August 19, according to a local news outlet in India. Former BitConnect India head Divyesh Darji was arrested at Indira Gandhi International Airport in New Delhi on Sunday, the India Express reported. The Criminal Investigation Department of Gujurat police announced they arrested Darji after …

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A group of cryptocurrency exchanges has joined up with Gemini founders Cameron and Tyler Winklevoss to launch a new industry-focused self-regulatory organization (SRO). First proposed in March, the Virtual Commodity Association aims to “foster financially sound, responsible and innovative virtual commodity markets” by developing industry standards and encouraging cryptocurrency exchanges to prevent market manipulation and …

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Two weeks after the Intercontinental Exchange (ICE) introduced Bakkt, a new digital assets platform, the latter’s CEO has set out to explain what the service will offer consumers. Bakkt chief executive Kelly Loeffler outlined the fundamentals for a platform to trade, store or spend cryptocurrencies in a post published on August 20. The platform is currently working with …

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A group of judges, lawmakers and industry experts in South Korea are forming a new group aimed to discuss legal issues surrounding blockchain technology. Called the Blockchain Law Society, the group is holding its founding conference on Aug. 24 in the Seoul Central District Court, during which participants will discuss both regulatory issues around blockchain …

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SBI Holdings, the investment arm of Japanese financial giant SBI Group, is making a new round of investment in a cryptocurrency exchange that’s under increased scrutiny from the country’s financial regulator. The investment firm said in a release on Monday that it’s increasing its stake in Japanese exchange LastRoots via an undisclosed investment, following an …

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A 21-year-old bitcoin dealer from California is being prosecuted for allegedly committing numerous counts of illegal money transmission and money laundering. According to an announcement from the Department of Justice in the Southern District of California, Jacob Burrell Campos was ordered to be held without bail at a hearing on Friday in connection to the charges. …

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Chinese police from multiple cities have arrested three individuals who allegedly stole bitcoins and other cryptocurrencies worth around $87 million. Chinese news agency Xinhua reported on Saturday that the three were busted on Aug. 15 in the provinces of Hunan and Changchun and the country’s capital Beijing after a months-long investigation launched by the police. …

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Tube8, an adult video service and subsidiary of Pornhub, has partnered up with with the Vice Industry Token (VIT) to pay viewers for interacting with its services. Hard Fork reported that the partnership is aimed at fully tokenizing Tube8’s platform. The streaming service will insert VIT tokens onto its website and reward visitors for watching or …

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U.S. Customs and Border Protection (CBP) plans to trial blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates. CBP Division of Business Transformation and Innovation head Vincent Annunziato said the agency was beginning a “live fire testing” of a blockchain platform to certify that imported products …

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A bomb threat was sent to a Norwegian cryptocurrency mining company for “sabotaging the peace” with noise this past Saturday. Kryptovault, a crypto mining firm with facilities in a number of cities in Norway, reported receiving threats after a local paper reported on its work, according to Yahoo Finance. The bomb threat said “if you are expanding crypto …

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Privacy coin zcash is gearing up for a major upgrade with the first release of network software compatible with its upcoming Sapling hard fork. Zcash version 2.0.0 was released Thursday, according to a blog post penned by Sean Bowe, an engineer with the Zerocoin Electric Coin Company, which develops the zcash cryptocurrency. The company is …

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Chinese e-commerce giant JD.com has launched a blockchain-as-a-service platform alongside its first app – one that digitally tracks corporate invoices for one of the largest publicly traded insurers in China. According to a release on Friday, JD.com said the application moves invoice data for Pacific Insurance onto a distributed network at each step of the issuance cycle, …

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Cloud mining service Genesis Mining is forcing some clients to upgrade to a five-year subscription or else lose services, it announced Thursday. The Iceland-based startup said in a blog post that it will end open-ended contracts for customers who are not earning enough to cover maintenance fees in roughly two months due to the ongoing …

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The Australian Securities Exchange could save as much as $23 billion in its effort to replace its settlement system with a distributed ledger, its CEO announced Thursday. Dominic Stevens, managing director and CEO of ASX Limited – the exchange’s operator – explained how using distributed ledger technology (DLT) in place of its existing Clearing House Electronic Subregister System …

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Blockchain investment firm Pantera Capital has launched a new crypto fund with a capital commitment of over $71 million already in place, according to public documents. A filing submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Wednesday indicates that the new investment scheme, called Venture Fund III, started its first …

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The South Korea government will invest over $880 million next year in order to boost the development of innovative technologies including blockchain. According to a government release on Tuesday, South Korea’s deputy prime minister Kim Dong Yeon hosted a ministerial meeting on Aug. 13 to address the administration’s investment plan for innovation growth in the …

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Cryptocurrency investor Michael Terpin has sued the telecom giant AT&T, alleging that the company failed to protect his cell phone from a hacking incident that ultimately cost him $24 million. In a lawsuit filed by Los Angeles litigation firm Greenberg Glusker on August 15, Terpin claimed that AT&T’s employees have been complicit in a SIM swap …

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Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research. In a survey published by Citrix, almost 60 percent percent of responding companies further indicated they had found mining malware on their systems at some time in the past, with the vast …

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Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation. The groups are objecting to a proposal aired by South Korea’s Ministry of SMEs and Startups on Monday for an amendment to the country’s existing venture business law that would, if enacted, exclude cryptocurrency exchanges from the category …

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