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U.S. Judge Slaps Bitcoin Fraudster with $1.9 Million in Penalties
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U.S. Judge Slaps Bitcoin Fraudster with $1.9 Million in Penalties

The United States Commodity Futures Trading Commission (CFTC) has successfully prosecuted a bitcoin fraudster in connection with his criminal bitcoin investment program, which he used to extract hundreds of thousands of dollars from his victims. Announcing ...
126-Year-Old General Electric (GE) Invests in Blockchain Cybersecurity Startup
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126-Year-Old General Electric (GE) Invests in Blockchain Cybersecurity Startup

The venture capital arm of industrial conglomerate General Electric (GE) is one of the participants in a $12 million Series A fundraising round for Xage, a cybersecurity startup. The firm uses blockchain technology in securely linking industrial Internet of Th...
U.S. Attorney Moves to Dismiss Murder-for-Hire Charges Against Ross Ulbricht
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U.S. Attorney Moves to Dismiss Murder-for-Hire Charges Against Ross Ulbricht

A U.S. Attorney for the District of Maryland has filed a motion to dismiss pending charges against Ross Ulbricht, known as “Dread Pirate Roberts,” who is serving a life sentence following his conviction for his role in the Silk Road marketplace which facilitat...
Binance Plans to Expand Into South Korea
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Binance Plans to Expand Into South Korea

Cryptocurrency exchange Binance is making plans to expand operations into South Korea, reports Business Korea. Per the report, Binance CEO Changpeng Zhao hinted at his company's expansion plans while speaking at the Blockchain Partners Summit in Seoul last ...
Bitmain Looks to Expand their Development Center in Israel; Opens Shop in San Jose, California
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Bitmain Looks to Expand their Development Center in Israel; Opens Shop in San Jose, California

Bitmain, the Chinese Bitcoin mining giant currently valued at $12 billion, is looking to expand their Development Center in Israel and recruit more than 40 people. The new round of recruitment will triple the current number of employees at the Ra’anana center ...
CoinSmart Launches a Simplified Crypto Exchange for Canadian Crypto Traders
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CoinSmart Launches a Simplified Crypto Exchange for Canadian Crypto Traders

A new crypto exchange dubbed CoinSmart has opened shop on July 10, 2018, in Canada to address rising interest in cryptocurrencies among the Canadian population. Making Life Easier for “Crypto Curious” Community The exchange that comes with a tagline “you c...
Cryptocurrencies: Digital Tulips or The Future of Fintech
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Cryptocurrencies: Digital Tulips or The Future of Fintech

Steve Bannon, in a conversation with CNBC, recently stated that he not only owns Bitcoin but refers to cryptocurrencies as “the future.” Meanwhile, hedge fund billionaire Ken Griffin of Citadel Investment Group indicated his reticence to purchase cryptocurrenc...
HSBC Not Interested in Cryptocurrency Speculation, Supports Tokenization and Blockchain Technology
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HSBC Not Interested in Cryptocurrency Speculation, Supports Tokenization and Blockchain Technology

Banks and cryptocurrencies have not always been the best of friends, though the former is beginning to loosen up a bit. In the latest development, HSBC’s Global Head of Digital said on July 19, 2018, that the finance heavyweight is taking a ‘”cautious” approac...
Billionaire Hedge Fund Manager Has One Percent of his Net Worth in Bitcoin
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Billionaire Hedge Fund Manager Has One Percent of his Net Worth in Bitcoin

Marc Lasry, the billionaire co-founder of Avenue Capital Group, whose net worth is estimated to be at around $1.68 billion, has invested $16.8 million in bitcoin. Bitcoin Investments Explained When asked about his personal investment in bitcoin, Lasry expl...
Liverpool Aims to Become ‘World’s First Climate-Positive City’ Using Blockchain Tech
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Liverpool Aims to Become ‘World’s First Climate-Positive City’ Using Blockchain Tech

The Liverpool City Council (LCC) announced it will be using blockchain tech to mitigate the city’s climate impact, local news outlet edie.net reported July 19. A tweet from the LCC explains that the effort to reduce the city’s climate impact is a bid to bec...